Actualités et articles

28/07/23

Luxembourg business license update: What will change for entrepreneurs

On 20 July 2023, the Luxembourg Parliament adopted a new law that reforms the right of establishment in Luxembourg (the New Law). It amends the law of…

25/07/23

Securitisation companies and atad 1: red card for luxembourg ?

On 14th July, the EU Commission blew the whistle and initiated an infringement procedure against Luxembourg, by reason of a deemed insufficient implem…

25/07/23

Screening of foreign direct investments: Luxembourg's balancing act with FDI Regulation

24/07/23

Reform of the right of establishment in Luxembourg

Bill n°7989 amending the law of September 2, 2011 regulating access to the professions of craftsman, trader, industrialist and certain liberal profess…

23/07/23

Luxembourg restructuring and insolvency law finally modernised

Introduced ten years ago as a response to the 2008 financial crisis, the bill of law on the preservation of undertakings and the modernisation of bank…

23/07/23

Law implementing public country-by-country reporting Directive adopted by the Luxembourg Parliament

Luxembourg, like all EU Member States, had until 22 June 2023 to transpose the so-called public country-by- country reporting (“CbCR”) Directive into …

23/07/23

“Fine-tuning” the law on commercial companies

Clarifications and corrections to law of 10 august 1915 on commercial companies adopted by Luxembourg parliament

21/07/23

Money laundering and terrorism financing risks for payment institutions

The european banking authority published a report on money laundering and terrorist financing risks associated with eu payment institutions. the repor…

21/07/23

ESMA’s statement on the sustainability disclosures in prospectuses drawn up in compliance with the Prospectus …

On 11 July 2023, ESMA published a public statement on sustainability-related disclosures within prospectuses drawn up in line with the Prospectus Regu…

20/07/23

A new national screening mechanism for foreign direct investments

A new law dated 14 July 2023 establishing a national screening mechanism for foreign direct investments that may undermine security or public order fo…

19/07/23

Investment tax credit regime to be modernised as from 2024

On 13 July 2023, a draft law was presented to Parliament which introduces a major reform of the current investment tax credit framework, with effect a…

17/07/23

Work-life balance : Modification of article L. 233-16 of the Labour Code and introduction of new extraordinary…

The Chamber of Deputies finally proceeded to the first vote on 11 July 2023 for the bill 8016 followed by the bill 8017, both amending the Labor Code …

17/07/23

Amendment of the Luxembourg Investment Funds Legal Toolbox

On 11 July 2023, a law reforming Luxembourg investment funds (the “Law”) was adopted by the Luxembourg Parliament with the aim to, notably, improve an…

17/07/23

Lawyer's professional secrecy and exchange of information on request

On 4 May 2023, the Administrative Court of Luxembourg ("Court") had to rule on the application of professional secrecy of lawyers to requests for exch…

14/07/23

Adoption of the Bill of law 8183: modernising the Luxembourg toolbox towards more retailisation

On 11 July 2023, the Luxembourg Parliament has adopted the bill of law 8183 aiming at modernising the Luxembourg investment fund toolbox, by inter ali…

14/07/23

Markets in crypto-assets (MICA) | EU framework

On 9 June 2023, Regulation (EU) 2023/1114 of 31 May 2023 on markets in crypto-assets was published in the Official Journal of the EU (the “MiCA Regula…

13/07/23

Parliament adopts revisions to the fund laws

Bill of law no. 8183 amending the Luxembourg fund rules (the “Law”)was adopted by Parliament on 11 July 2023

13/07/23

Bill introducing new reporting obligations for PSPs

On 5 May 2023, the government submitted to the Luxembourg Parliament Bill 8207 to implement Council Directive (EU) 2020/284 amending the VAT Directive…

13/07/23

Merger control update

At EU level, the EU Commission has published rules and guidance to further reduce the administrative burden for parties with respect to the merger con…

12/07/23

EU Commission adopts new adequacy decision for the EU-US Data Protection Framework

After years of negotiations between the eu and the us, the eu commission concluded that the us offers an adequate level of protection for personal dat…