News & Articles

The perfect place for any legal or tax professional to keep abreast of everything that’s happening on the Luxembourg legal scene

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EU fund managers – GP representation clause: preserving the Luxembourg fund’s footprint while e…

How EU fund managers use a GP representation clause in Luxembourg SCSps and SCAs to execute deals without a board meeting each time, and why powers of attorney to the manager's tea…

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Newsflash | EU Case Law | PSD GAAR Assessment: economic substance yields to the overall picture…

On 15 October 2026, the CJEU delivered its judgment in the Neo Group case, confirming that the genuine economic activity of a parent company does not, in itself, prevent the denial…

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ESMA promotes clarity in claims on impact and transition through two additional thematic notes

On 12 October 2026 ESMA published two new thematic notes with do’s and don’ts for impact claims and climate transition claims in funds, bonds and benchmarks, to reduce greenwashing…

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14/10/26
AIF distribution agreements: making oversight work in practi…

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13/10/26
Applicability of collective labour agreements in Luxembourg

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Each day we publish several articles written by legal and tax specialists from law firms, notaries offices, the legal departments from payroll agencies and tax consultants.

It is the perfect way for lawyers at the Bar, in-house counsel, barristers, solicitors, notaries, bailiffs, paralegals and any other legal professional with an interest in Luxembourg and European law to keep informed of new legislative initiatives, case law, legal doctrine and all other legal developments on the Belgian legal scene!

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New Civil Procedure Code : Law of 18 July 2018

The Law of 18 July 2018 supplements the Law of 17 May 2017 on the implementation of  Regulation (EU) 655/2014, which established a…

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EU Court of Justice confirms binding force and retroactivity of A1 Declarations

Which social security system is applicable when an internationally seconded employee is replaced by another internationally seconded employee with an …

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Simplified business permit regime

The business permit regime has been simplified for certain professional activities covered by the Law of 2 September 2011 regulating access to the pro…

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EU Commission finds no illegal State Aid in the McDonald's Case

On 19 September 2018, the EU Commission announced its decision in the McDonald's State Aid investigations. According to a press release1, th…

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Access to AML information on taxpayers by Luxembourg tax authorities

On 10 August 2018 new provisions entered into force in national law to allow the Luxembourg tax authorities to have access to information on taxpayers…

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CJEU further clarifies key concepts of data protection law

On 10 July 2018, the EU Court of Justice rendered a judgement in a case relating to the data processing activities of the Jehovah’s Witnesses Communit…

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Upcoming German tax law changes relevant to real estate investments

On 1 August 2018, the German Ministry of Finance published the amended draft bill of the Annual Tax Act 2018 which will be subject to further discussi…

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CSSF Issues a New Circular on the Authorisation and Organisation of UCITS Management Companies and Alternative…

On 23 August, the Luxembourg supervisory authority, the Commission de Surveillance du Secteur Financier (CSSF), issued Circular 18/698 relating t…

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Les clauses de sortie conjointe et de sortie forcée dans les conventions d’actionnaires

Dans nos deux précédents cahiers de MNKS consacrés aux conventions d’actionnaires[1], nous avons présenté brièvement les principales clauses conventio…

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New CSSF Circular 18/697 on non-UCITS depositaries

By way of preamble and as a reminder, a depositary of a Luxembourg fund may currently fall under either (1) the regime of the UCITS Directive&nbs…

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Luxembourg has started the MLI ratification procedure

On 7 June 2017 Luxembourg and more than 70 other jurisdictions signed the multilateral instrument (“MLI”) to integrate base erosion and profit shiftin…

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New CSSF Circular on AIFMs/UCITS ManCos

On 23 August 2018, CSSF released its new Circular 18/698 on the authorisation and organisation of Luxembourg investment fund managers (the C…

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Implementation into Luxembourg law of EU Directive 2016/943 on trade secrets

Although the implementation should have been enacted by 9 June 2018, Luxembourg has finally published, on 13 August, the first draft bill implementing…

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Impact of the EU Regulation on Money Market Funds

We would like to draw your attention to the entry into force, on 21 July of this year, of Regulation (EU) 2017/1131 of the European Parliament and of …

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New CSSF Circular on substance requirements of fund management companies in Luxembourg

The Commission de Surveillance du Secteur Financier (“CSSF”) has issued today circular 18/698 concerning (i) the approval process and organisation of …

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SFTR – Challenges ahead

The law of 6 June 2018 on transparency of securities nancing transactions (“SFTs”), implementing the European regulation 2015/2365 on transparency of …

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Sustainable Finance | European Commission Legislative Proposals

The EU Commission, following the publication of its Sustainable Finance Action Plan in March 2018, published on May 24th 2018 the following legislativ…

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Proposals to Strengthen ESMAs Oversight over Delegation. Why you Should Review your Delegation Arrangements No…

At the end of September 2017, the European Commission published its 283-page Review of the European Supervisory Authorities1 (ESAs). It is concer…

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Conversion de la saisie conservatoire européenne des comptes bancaires : un nouvel outil à la disposition des …

Introduction dans le droit luxembourgeois d’une procédure spécifique d’exécution applicable à la seule ordonnance européenne de saisie conservatoire d…

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New requirements for fiduciary arrangements: setting up by their fiduciary agent of an internal file on their …

Bill of law 7216A - New requirements for fiduciary arrangements: setting up by their fiduciary agent of an internal file on their beneficial owners

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