Actualités et articles

17/01/24

AFM's spotlight on substantial holding notifications

In its recently published market watch, the AFM focuses on notifications of substantial holdings and gross short positions. The AFM expands on its sup…

12/01/24

Competition law in 2024: putting theory into practice

2023 marked the near finale of the European Commission’s overhaul of its competition policy, leaving only a few loose ends to tie up in 2024/2025.

10/01/24

ELTIF 2.0 now applicable! What does it mean in practice?

The European Parliament voted on 15 February 2023 in favour of a major update to the EU’s regulation for long-term investment funds (ELTIFs), also kno…

04/01/24

Luxembourg’s new bill on merger control

Luxembourg is the last EU Member State without a legal framework on merger control. At present, the Competition Authority (“Authority”) can only inter…

02/01/24

European Green Bonds Regulation adopted

The long-awaited Regulation (EU) 2023/2632 on European Green Bonds (“Regulation”) was adopted on 22 November 2023. It sets out the requirements that b…

29/12/23

VAT on directors’ fees and other VAT changes for 2024

The CJEU has held that directors’ fees are not subject to VAT, the temporary VAT rate reductions end on 31 December 2023 and a bill of law extends the…

28/12/23

EU Regulation on artificial intelligence is coming

After two years of negotiation and a final session of trilogue that lasted hours, on 9 December 2023 the European Parliament and the Council of the EU…

26/12/23

CJ confirms Amazon and Luxembourg win in EU State Aid case

On 14 December 2023, the CJ sided with Amazon and Luxembourg and dismissed the European Commission’s appeal against a May 2021 judgment of the General…

26/12/23

Key Takeaways of ALIA’s White Paper on the regulation of tomorrow's media

Electronic media in Luxembourg are currently regulated by the Law of 27 July 1991 on electronic media (“Electronic Media Law”). This law adopts a chan…

26/12/23

Modernisation of Luxembourg insolvency law

Luxembourg insolvency law has recently added new measures and proceedings designed to reorganise the assets or activities of a Luxembourg debtor.

22/12/23

VAT on Directors Fees and State Aid: ECJ is playing Santa for Luxembourg!

The tax year 2023 is ending with a final word on the question of VAT charged on directors fees, and with favorable rulings on State Aid.

22/12/23

Forthcoming new rules on information accompanying transfers of crypto-assets

Regulation (EU) 2015/847 imposes certain rules in the context of transfers of funds, in any currency, where at least one of the payment service provid…

22/12/23

Luxembourg investment tax credit revised to encourage digital, environmental and energy transition

21/12/23

Clarification on draft technical standards for the ELTIF 2.0 regime

On 19 December 2023, ESMA published its final report setting out the draft regulatory technical standards (RTS) for Regulation (EU) 2015/760 on Europe…

19/12/23

ESAs propose amendments to the SFDR RTS

Continuing the theme of frequent changes to the application of the Sustainable Finance Disclosure Regulation (“SFDR”), the European Supervisory Author…

18/12/23

Accelerated application process for ELTIF 2.0

On 15 December 2023, the CSSF announced its updated application questionnaire for ELTIF 2.0. With the updated application questionnaire, the CSSF aims…

14/12/23

ECJ ruled: no illegal State aid in the European Commission's Amazon case

oday, the European Court of Justice (“ECJ”) annulled the decision of the Commission[1] that had decided that Luxembourg had granted Amazon unlawful St…

12/12/23

Keen to issue a European green bond or a sustainability-linked bond? Here’s what you need to know

On 30 November 2023, Regulation (EU) 2023/2631 of 22 November 2023 on European Green Bonds and optional disclosures for bonds marketed as environmenta…

11/12/23

LP-led Secondaries: Trends, opportunities and key considerations

Initially the secondaries market was considered as a niche in the private equity market. In recent years, secondary transactions have been increasingl…

08/12/23

Élections sociales 2024 pour les entreprises luxembourgeoises

Les élections sociales ont lieu tous les cinq ans. Le 12 mars 2024, les entreprises de 15 salariés ou plus organiseront des élections sociales pour él…