Actualités et articles

10/07/24

DLA Piper announces strategic leadership appointments in Luxembourg

Global law firm DLA Piper has announced the promotions of two business operations professionals to new roles within its Luxembourg office.

09/07/24

ESAs’ final reports on Greenwashing in the financial sector

Mandated by the European Commission (the “EC”) in May 2022, the European Supervisory Authorities (“ESAs”) published their individual final report (the…

08/07/24

VAT law changes on 1 January 2025

On 1 July 2024, the Luxembourg government introduced bill of law 8406 into Parliament to implement various EU law changes into Luxembourg VAT law with…

04/07/24

DORA implementation in Luxembourg

The Luxembourg law implementing certain aspects of the Digital Operational Resilience Act (DORA) and implementing Directive 2022/2556 has just been pu…

03/07/24

Publication of the Luxembourg DORA Law

On 2 July 2024, the law of 1 July 20241 relating to DORA (DORA Law) was published in the Official Journal of Luxembourg. It will enter into force on 1…

01/07/24

Transparent and predictable working conditions: Modification of the Labour Code

The Chamber of Deputies finally proceeded to the first vote on 26 June 2024 for the bill 8070 amending the Labor Code. The purpose of this bill is to …

25/06/24

Market Abuse Regulation (MAR): Ensuring Fair and Transparent Markets

25/06/24

ESAs propose improvements to the SFDR and suggests introducing categories and/or sustainability indicators

On 18 June 2024, the three European Supervisory Authorities (EBA, EIOPA, and ESMA, collectively known as the ESAs) published an opinion (the Opinion) …

24/06/24

Global minimum taxation (Pillar 2) in Luxembourg: new bill of law implements 2023 OECD guidance

On 12 June 2024, the Luxembourg government presented a bill of law to incorporate clarifications and technical provisions resulting from the OECD’s Pi…

20/06/24

Pillar Two Law to be amended to incorporate OECD Guidance.

On 12 June 2024, a draft law (the “Draft Law”) was presented to Parliament to amend the Luxembourg law of 22 December 2023 on the minimum effective ta…

20/06/24

Joint ESAs Opinion on the assessment of the Sustainable Finance Disclosure Regulation (SFDR)

The ESAs call for a coherent sustainable finance framework which caters for green transition and investor protection, while addressing identified SFDR…

20/06/24

Update on the AML-CTF Package: publication in the Official Journal of the European Union (“OJEU”) on 19 June 2…

The last three remaining texts of the AML-CTF Package (i.e. the AML Directive [1], the AMLA Regulation [2] and the AML Regulation [3]) have been publi…

19/06/24

Amendments to Luxembourg laws to implement MiCAR and TFR: key takeaways and impact on VASPs

On 21 May 2024, a bill of law n° 8387 was introduced before the Luxembourg Parliament. Its objective is to amend several pieces of Luxembourg legislat…

17/06/24

AI Act Adopted: introduction to the 458-page EU legislation

On 21 May 2024, the European Council gave its final approval to the regulation laying down harmonised rules on artificial intelligence (the “AI Act”),…

17/06/24

Implementation of EU acts on digital operational resilience (DORA) into Luxembourg law: new requirements upon …

On 13 June 2024, bill of law 8291 on digital operational resilience (“DORA”) (the “Law”) was voted by the Parliament.

13/06/24

Toll manufacturer (again) does not constitute VAT fixed establishment of its principal

On numerous occasions in recent years the European Court of Justice (ECJ) had to decide whether VAT fixed establishments were present within corporate…

07/06/24

ESMA Final Report on Greenwashing

ESMA has published its Final Report on Greenwashing. This much-anticipated publication follows the Progress Report on Greenwashing published in May 20…

04/06/24

New Regulation on Instant Credit Transfers – Key takeaways.

Instant credit transfers are credit transfers which are executed immediately, 24 hours a day and on any calendar day. In order to unlock the potential…

04/06/24

Law introducing measures for reviving the construction sector: Commentary

On 31 May 2024, a law introducing various measures to revive the construction sector was published (the “Law”). According to the government’s communic…

31/05/24

Luxembourg Draft Law proposes welcome tax clarifications and new provisions

On 23 May 2024, the Luxembourg Minister of Finance presented to Parliament a draft bill of law (the “Draft Law”), which, inter alia, (i) clarifies the…