Actualités et articles

30/12/19

Second shareholder rights directive: impact on the Luxembourg banking sector

On 1 August 2019, the Luxembourg legislator amended the act of 24 May 2011 relating to the exercise of certain shareholder rights at general meetings …

26/12/19

CJ rules on restriction of eligibiltiy of energy tax rebate scheme

On 14 November 2019 the CJ issued a preliminary ruling in the (second) Dilly’s Wellnesshotel case (C-585/17). Austria decided to limit an existing ene…

24/12/19

Rulings: Limitation of validity period

On 14 October 2019, the Luxembourg 2020 draft budget law was tabled by the Finance Minister to the Parliament (“Draft Budget Law”).

23/12/19

EU Council adopts VAT Implementing Regulation on new VAT rules for e-commerce

19/12/19

Luxembourg 2020 budget law introducing new tax measures and law implementing ATAD II passed

Today, the budget law for 2020 and the law implementing into domestic law Council Directive (EU) 2017/952 of 29 May 2017 (“ATAD II”) have been passed …

19/12/19

ATAD 2 Law adopted

On 19 December 2019, the Luxembourg Parliament adopted the law transposing the Council Directive (EU) 2017/952 of 29 May 2017 (the so-called “ATAD 2”)…

18/12/19

CJ rules that non-EU pension funds can obtain the refund of dividend withholding tax

CJ rules that non-EU pension funds can obtain the refund of dividend withholding tax if they are comparable to domestic pension funds (College Pension…

18/12/19

AMLD V Implementation

In the context of the implementation process of AMLD V1, on 8 August 2019, the Luxembourg government introduced a draft Bill of Law2 (“Bill …

16/12/19

Regulation amending the Benchmarks Regulation published

Regulation (EU) 2019/2089 of the European Parliament and of the Council of 27 November 2019 amending Regulation (EU) 2016/1011 (the “Benchmarks Regula…

10/12/19

Autorités européennes de surveillance - Légalité et contrôle juridictionnel de leur activité

Le 4 décembre 2019, le Conseil d’Etat français a, à la requête de la Fédération bancaire française, saisi la Cour de justice de l’Union européenne (CJ…

09/12/19

Reaching year-end, here are the latest AML communications from the CSSF

The Commission de Surveillance du Secteur Financier (the “CSSF”) has communicated several press releases related to the fight against money …

05/12/19

Buying alliances in Europe are under threat

On Monday 18 November 2019 the Dutch Authority for Consumers and Markets ("ACM") announced that the regulator had dawn raided several large traders in…

02/12/19

CJ rules on assessment of abusive practices and refusal to grant VAT deduction (Kuršu zeme)

On 10 July 2019, the CJ delivered its judgment in the case Kuršu zeme (C-273/18). The Latvian company SIA Kuršu zeme deducted input VAT charged to it …

29/11/19

New transparency rules in Luxembourg

New transparency rules in Luxembourg: identification of the beneficial ownership of trusts, fiducies and of similar legal arrangements and registratio…

29/11/19

Upcoming Phased-in Implementation Timeline of SFTR

The Securities Financing Transaction Regulation n°2015/2365 of 25 November 2015 (“SFTR”) aims to enhance the transparency of markets in securities fin…

27/11/19

PLUS: a new service offered by the Luxembourg Stock Exchange to comply with the hyperlink requirements of the …

The Luxembourg Stock Exchange has launched a new service, named PLUS for Perma Link Upload Service, to help issuers in referencing their documents via…

26/11/19

DAC 6 Update - Where European jurisdictions stand regarding implementation?

DAC 6, the sixth amendment to the Directive on Administrative Cooperation (“DAC 6”) requiring so-called tax intermediaries to report, on a mandat…

25/11/19

PSDII: migration to SCA by 31 December 2020

On 16 October 2019, the European Banking Authority (EBA) issued an Opinion concerning one of the most important features of the Payment Services Direc…

22/11/19

Strong customer authentication for e-commerce card payment transactions: an EU harmonised extension of 14 mont…

Following its June opinion on the possibility for national competent authorities to work with payment service providers and relevant stakeholders and …

21/11/19

Contentieux entre actionnaires et administrateurs

Tribunal d’Arrondissement de et à Luxembourg - Jugement civil n° 2019TALCH20/00009 du 17 octobre 2019, rôle n° 164577