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The bills of law on public procurement and concession contracts were presented to the Luxembourg Parliament last May to implement Directives 2014/24/E…
Lire plusRegulation (EU) 2015/2424 amending Council Regulation 207/2009 on the Community trade mark (“New Regulation”) and Directive (EU) 2015/2436 to ap…
Lire plusThis is not a trivial question because the supervisory authority designated in each Member State will now be entitled to impose more stringent adminis…
Lire plusOn June 17th 2016, the Economic and Financial Affairs Council of the European Union (ECOFIN) reached a political agreement on the proposal for a Counc…
Lire plusOn 17 June 2016, the Luxembourg Competition Council adopted a decision in which it asserts, on the basis of Article 5 of the Law of 23 …
Lire plusOn 10 August 2016, the Luxembourg court of appeal overturned the decision of the Luxembourg lower administrative tribunal regarding the VAT treatment …
Lire plusIn the wake of the EU audit reform, the much anticipated bill n°6969 on the audit profession (the “Law”) was passed by the Luxembourg Chambre des Dépu…
Lire plusSince in some of the newer EU Member States wage levels and social protection are considerably lower than in other Member States, a review of directiv…
Lire plusOn 3 July 2016, the market abuse obligations and prohibitions provided in the updated EU legislation became applicable(1). The new set of legislation …
Lire plusIn 2003, the European Commission issued a green paper on European Entrepreneurship and acknowledged the need for Europe to foster entrepreneurial driv…
Lire plusOn 26 July 2016 the Luxembourg Government submitted the draft law no. 7020 to the Luxembourg Parliament. The draft law includes a number of …
Lire plusThe UCITS V Remuneration Guidelines(1), which were published on 31 March 2016, clarify the remuneration policy requirements under the UCITS Direc…
Lire plusOn 3 July 2016 the Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (the “MAR”) has en…
Lire plusIn the comments to the Draft Law, the Government again confirms its firm commitment to carefully monitor the developments resulting from the OECD’s wo…
Lire plusOn June 23rd 2016, the people of the United Kingdom (“UK”) expressed their will to have the UK leave (“Brexit”) the European Union (“EU”) pursuant to …
Lire plusOn 25 May 2016, the European Council adopted a Directive (EU) 2016/881 amending Directive 2011/16/EU as regards mandatory automatic exchange…
Lire plusA significant number of so-called Part II UCIs will remain within the scope of the AIFMD depositary regime. A legislative amendment to this effect was…
Lire plusThe EU-US Privacy Shield adequacy decision has been adopted by the European Commission on 12 July 2016. This decision replaces the old Safe Harbor Reg…
Lire plusOn 26 July 2016, a bill of law introducing the 2017 tax reform was submitted to Luxembourg Parliament. The bill proposes a series of tax measures rele…
Lire plusDirective (EU) 2016/943 of the European Parliament and of the Council on the protection of undisclosed know-how and business information (trade secret…
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