Actualités et articles

21/02/23

NIS 2 Directive: an increased scope for a safer and cybercrime-free Union?

The NIS 2 Directive (EU 2022/2555 on measures for a high common level of cybersecurity across the Union) entered into force on 16 January 2023, amends…

17/02/23

“Alphabet Shares” and partial liquidation: not the final word yet …

The Administrative Court of Luxembourg issued an interesting ruling on 27th January 2023, in a case involving the purchase of an entire class of its o…

16/02/23

L’utilisation de la SOPARFI par des résidents belges et la montée en puissance de la substance économique…

16/02/23

ESG in the banking, financial and insurance sectors - ESAs opinions on European Sustainability Reporting Stand…

On 26 January 2023, the European Insurance and Occupational Pensions Authority (“EIOPA”), the European Securities and Markets Authority (“ESMA”) and t…

16/02/23

Droits de propriété intellectuelle sur les logiciels – Cas récent

La Cour de cassation rappelle dans un arrêt récent qu’il ne peut y avoir de cession de droits sur un logiciel en l’absence de clause écrite claire et …

15/02/23

AIFMD II: political agreement reached in the European Parliament

On 25 November 2021, the European Commission (the Commission) put forward its proposal (the Initial Proposal) for amendments to the Directive 2011/61/…

14/02/23

Luxembourg Administrative Tribunal rules on the tax treatment of share class redemptions

On 27 January 2023, the Administrative Tribunal (the “Tribunal”) ruled on the Luxembourg tax treatment of the redemption of a class of shares by a Lux…

14/02/23

Annual reporting of lapsed life insurance contracts

ON 17 january 2023, the commissariat aux assurances (“caa”) published circular letter 23/1 (“circular 23/1”) on the annual reporting of unclaimed insu…

13/02/23

Lower administrative court’s decision on redemption of a class of alphabet shares

On 27 January 2023, the lower administrative court rendered a decision (42432) dealing among others with the tax treatment applicable to the redemptio…

13/02/23

Administrative Court ruling | Communication obligations of the Luxembourg tax authorities

In a judgment dated 20 December 2022, the Luxembourg Higher Administrative Court (Cour administrative, hereinafter the "Court") ruled on the applicati…

09/02/23

Une délibération surprenante a été prise par la CNIL le 20 décembre 2022 concernant l’utilisation de données d…

La société américaine LUSHA SYSTEMS INC, ci-après « LUSHA », commercialise une extension au navigateur Google chrome appelée « Lusha ». Cette dernière…

08/02/23

ESG in the insurance sector - CAA follow-up on inclusion of climate change risk scenarios in ORSA

On 24 January 2023, the Commissariat aux Assurances (“CAA”) published Information Note 23/2 about the inclusion of climate change risk scenarios in th…

06/02/23

The CSSF’s data collection exercise due for submission on 2 March 2023

The CSSF has launched a new SFDR data collection exercise for investment fund managers. The deadline for submission is 2 March 2023. Get Ready.

06/02/23

EU Listing Act | Interesting regulatory changes in the pipeline

03/02/23

Legitimate interest and access to the UBO-register

Following the recent jurisprudence of the Court of Justice of the European Union, the Belgian legislator introduced on 17 February 2023 new provisions…

03/02/23

CSSF | Increase in fees with adoption of new Grand-Ducal Regulation

The CSSF levies fees on supervised persons and institutions to cover personnel costs as well as general financial and operating costs. The level of fe…

02/02/23

Clarifications on the Luxembourg reverse hybrid mismatch rule

On 23 December 2022, the Luxembourg Parliament adopted bill n°8080 related to the budget for 2023 (the "Budget Law 2023" – see our newsflash on the bu…

01/02/23

Adaptation indiciaire au 1er février 2023

A partir du 1er février 2023 l’indice applicable aux salaires sera augmenté de 877,01 à 898,93. Cette hausse indiciaire implique une augmentation obli…

31/01/23

New reporting standards under EMIR: 203 reporting fields, one deadline, huge sanctions

In-scope entities have to follow new EMIR1 reporting requirements by April 2024 or face hefty sanctions. ESMA2 has published the guidelines, validatio…

27/01/23

Luxembourg Key Tax Measures 2023

On 23 December 2022, the Luxembourg Parliament adopted budget bill n°8080 (the Budget Law). The key tax measures introduced by the Budget Law concern …