Actualités et articles

20/10/26

Cross-border tax recovery | Luxembourg's tax Receveur can push local companies into bankruptcy over foreign ta…

In two judgments dated 20 January 2026 (No. CAL-2025-01047) and 6 February 2026 (No. CAL-2025-01046), the Luxembourg Court of Appeal confirmed that th…

19/10/26

EU fund managers – GP representation clause: preserving the Luxembourg fund’s footprint while ensuring seamles…

How EU fund managers use a GP representation clause in Luxembourg SCSps and SCAs to execute deals without a board meeting each time, and why powers of…

16/10/26

ESMA promotes clarity in claims on impact and transition through two additional thematic notes

On 12 October 2026 ESMA published two new thematic notes with do’s and don’ts for impact claims and climate transition claims in funds, bonds and benc…

15/10/26

Reverse Solicitation: the exception that regulators expect to remain exceptional

Reverse solicitation can be a legitimate route for an AIF investment, but the CSSF treats it as a narrow, fact-specific exception. The 18-month pre-ma…

15/10/26

Distance-sold financial services | Luxembourg tables its transposition of the new EU Directive

Bill of law n°8758 transposes Directive (EU) 2023/2673 on distance-marketed financial services into Luxembourg law, with entry into force on 19 June 2…

14/10/26

AIF distribution agreements: making oversight work in practice

07/10/26

Fund tokenisation – CSSF clarifications open up new opportunities!

On 2 October 2026 the CSSF published its FAQ on fund unit tokenisation on DLT: native issuance, UCIA vs control agent roles, multi-UCIA set-ups, and D…

05/10/26

AKD strengthens investment funds practice in Luxembourg with appointment of Alexandre Hübscher

AKD welcomes Alexandre Hübscher as a partner in its investment funds practice in Luxembourg, effective 1 October. He advises national and internationa…

02/10/26

Luxembourg Business Registers clarifies RBE filings for companies held by a trust or foundation

30/09/26

From outsourcing to third-party arrangements: new EBA Guidelines on non-ICT third-party risk

The EBA’s 2026 Guidelines (EBA/GL/2026/09) widen the perimeter from outsourcing to third-party arrangements and will repeal the 2019 outsourcing Guide…

25/09/26

New LBR sanctions regime

From 21 September 2026, Luxembourg Business Registers (LBR) will progressively deploy the sanctions phase of its mechanism for monitoring and ensuring…

15/09/26

EU fund managers: structuring considerations for Belgian Private Privak investors in Luxembourg private equity…

Where Belgian Private Privak investors invest in Luxembourg PE funds, structuring choices — notably SCA RAIF/SICAR versus transparent SCSp vehicles — …

07/09/26

CRF fraudulent-account alerts: register, use, confidentiality

Arendt on the law of 22 July 2026 (in force 8 August 2026): Luxembourg's CRF may alert credit institutions, PFS, payment and e-money institutions and …

24/08/26

LBR Circular 26/01: look-through UBO filing for companies held by trusts/foundations

A&O Shearman on Circular LBR 26/01 (19 Aug 2026): when a Luxembourg RBO-obliged entity is held by a fiducie, trust or foundation, report the arran…

17/08/26

Compartmentalised SCS/SCSp AIFs without a product law: what Bill 8814 would change

NautaDutilh on Bill 8814: statutory compartments for authorised-AIFM-managed SCS/SCSp AIFs outside RAIF/SIF/SICAR, with ring-fencing, separate liquida…

04/08/26

Luxembourg to boost protection of participants in funded sub-participation agreements

New bill of law 8813 (submitted to Parliament on 30 July 2026) aims to shield participants in funded sub-participation agreements from the adverse eff…

27/07/26

CRD VI in Luxembourg: Grandfathering has ended

What third-country banks need to do before January 2027. The grandfathering period under the CRD VI Directive expired on 11 July 2026, so new contract…

23/07/26

Proposed modernization of the Luxembourg securitisation legal framework

On 8 June 2026, draft law No. 8761 amending the amended law of 22 March 2004 on securitisation was submitted to the Luxembourg Parliament. Building on…

07/07/26

End of the MiCAR transitional regime on 1 July 2026: practical impacts

CMS sets out the practical impact of the end of the MiCAR transitional regime on 1 July 2026 for virtual asset service providers (VASPs) and their cus…

30/06/26

Luxembourg private funds organised as companies: How to make them fit for purpose?

The typical legal form for a private fund is a limited partnership, a US-origin (Delaware) structure now familiar to investors and sponsors worldwide.…