News & Articles

02/12/24

Bill of law amending the Payment Services Law and implementing the ICTr Regulation

On 20 November 2024, Bill of Law No 8460 (the “Bill”) was submitted to the Parliament of the Grand Duchy of Luxembourg (“Luxembourg”). The purpose of …

29/11/24

New circular on the tax consequences of a dissolution without liquidation

On 19 July 2024, the Luxembourg tax authorities (“LTA”) released a new circular LIR n°170/1, 170bis/1, ICC n°44, Fort. N°5 (“the Circular”) which deal…

25/11/24

Transferring criminal proceedings: tackling cross-border crime more effectively

With the adoption of a regulation to facilitate the transfer of criminal proceedings between Member States, the EU is taking a crucial step towards mo…

22/11/24

DORA's Balance: Smart Compliance for Investment Firms, Assets Managers and their Funds

he Digital Operational Resilience Act (DORA) is enforceable from 17 January 2025. It introduces new legal obligations for EU financial entities to man…

15/11/24

New EU directive on working through digital labour platforms

New EU directive 2024/2831[1] (the “Directive”), which aims to regulate the rapidly expanding digital platform work sector, was published in the Offic…

12/11/24

CSRD reporting - between challenges and opportunities

12/11/24

EIOPA recommends introducing supplementary capital charges for fossil fuel-related stocks and bonds

On 7 November 2024, EIOPA issued its Report on the Prudential Treatment of Sustainability Risks, which assesses the potential for a dedicated prudenti…

08/11/24

EU Commission adopted a DAC9 proposal to ease filing obligations under the Pillar Two directive

On 28 October 2024, the EU Commission put forward a directive proposal (the “DAC9 Proposal”) amending the Directive on administrative cooperation in t…

07/11/24

Latest developments in Luxembourg’s CSRD implementation process: the final stretch?

Luxembourg’s Parliament recently amended the bill of law implementing the Corporate Sustainability Reporting Directive (CSRD) into national law.

05/11/24

Council of the EU finally agrees on VAT in the digital age package (VIDA)!

On 5 November 2024, the Council adopted new measures aimed at modernising the value added tax rules for the digital transition. The legislative packag…

04/11/24

New EU proposal to simplify Pillar 2 filing obligations for MNEs

On 28 October 2024, the EU Commission published a proposal to amend the directive on administrative cooperation in tax matters (DAC 9 proposal). The D…

28/10/24

CSSF announces priority processing procedure for name changes and disclosure updates in light of adopted Guide…

The CSSF has informed market participants of the publication of Circular CSSF 24/863, thus implementing the ESMA Guidelines on funds’ names into the L…

25/10/24

How are Luxembourg securitisation vehicles affected by the NPL Law?

On 12 July 2024, the Luxembourg Parliament adopted the draft bill No. 8185 (the NPL Law) transposing Directive (EU) 2021/2167 regarding credit service…

24/10/24

CSSF supervisory expectations and filing procedure - ESMA ESG fund names guidelines

The CSSF has published its long-awaited guidance on the implementation of ESMA’s ESG fund names guidelines. In today’s communiqué the regulator announ…

22/10/24

CSSF announces priority processing procedure for name changes and disclosure updates in light of adopted Guide…

The CSSF has informed market participants of the publication of Circular CSSF 24/863, thus implementing the ESMA Guidelines on funds’ names into the L…

18/10/24

The Council adopts the Listing Act

On 8 October 2024, the Council of the European Union (the Council) adopted the package of measures known as the “Listing Act” (the Act), following the…

11/10/24

Registration of the Luxembourg national identification number for natural persons registered with the RCS

As of November 12, 2024, with the implementation of new forms in HTML format that may be completed directly online (which will replace the current app…

10/10/24

New RCS formalities

The LBR (Luxembourg Business Register) is implementing a new requirement for all Luxembourg entities and specifically regarding the natural persons re…

08/10/24

Boundaries of attorney-client confidentiality in Luxembourg

07/10/24

Need To Review The Employment Contract Templates

The Law of 24 July 2024 aimed at transposing the EU Directive No 2019/1152 on transparent and predictable working conditions came into force on 4 Augu…