ISDA, the International Swaps and Derivatives Association, is planning to amend certain “floating rate options” in the 2006 ISDA Definitions in order to include fallback benchmarks that would apply upon the permanent discontinuation (based on defined triggers)
The boundaries between the legal and the illegal can be very tight, which can be observed in the context of business cooperation agreements. On the Luxembourg market, companies may want to collaborate to better meet certain customer requirements
VAT on abort costs in case of an unsuccessful takeover bid is deductible, provided the buyer intended to supply management services for consideration to the target company.
In June 25th 2018 the Chamber of Deputies of the Grand-Duchy of Luxembourg issued a draft law 7324 (the “Draft Law”) implementing a time-saving account.
On 25 May 2018, Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data, and repealing Directive 95/46/EC (GDPR) entered into force.
If the General Data Protection Regulation (GDPR) harmonizes the data protection rules across Europe, it also leaves room for EU Member States to provide for more specific provisions in certain sensitive area.
The law of August 1st 2001 (the “2001 Law”) on the circulation of securities and other financial instruments was already, historically, an important step towards the modernisation of financial sector legislation.
On September 14th 2018, the Law of August 31st 2018 (hereafter the “Law”) was published in the Luxembourg Memorial A. The Law entered into force on September 18th2018 allowing the use of the "SIS" sign by companies authorised as societal impact companies,
The Law of 10 August 2018 relating to the information to be obtained and held by fiduciaries transposes into national law the provisions under Article 31 of the 4th EU Directive on anti-money laundering and terrorist financing ("AML/TF") (Directive (EU) 2015/849 ).
Dans un contexte d’évolution constante en matière entreprenariale et face à l’émergence de nouvelles activités sur le marché, la modification de la législation relative au régime d’aide à la recherche, au développement et à l’innovation est apparue comme une évidence.
