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 by another Latvian company, KF Prema, with regard to a local supply of goods.
New transparency rules in Luxembourg: identification of the beneficial ownership of trusts, fiducies and of similar legal arrangements and registration in the register of fiducies and trusts
The Securities Financing Transaction Regulation n°2015/2365 of 25 November 2015 (“SFTR”) aims to enhance the transparency of markets in securities financing transactions
The Luxembourg Stock Exchange has launched a new service, named PLUS for Perma Link Upload Service, to help issuers in referencing their documents via hyperlinks in their prospectuses,
DAC 6, the sixth amendment to the Directive on Administrative Cooperation (“DAC 6”) requiring so-called tax intermediaries to report, on a mandatory basis, certain cross-border arrangements is to be transposed by each Member State into domestic laws by the end of 2019
On 16 October 2019, the European Banking Authority (EBA) issued an Opinion concerning one of the most important features of the Payment Services Directive II (PSD II)
Following its June opinion on the possibility for national competent authorities to work with payment service providers and relevant stakeholders and agree on limited additional time for compliance with the strong customer authentication requirements in respect of e-commerce card payment transactions,
District Court of Luxembourg - Civil judgment No. 2019TALCH20/00009 of 17 October 2019, Docket No. 164577
Whilst the newly created Register of beneficial owners of companies and other legal entities has recently been implemented in Luxembourg by the law dated 13 January 2019, the bill establishing a Register of fiduciary contracts and trusts (the ‘Register’) is still following its legislative path
The growth of investment products pursuing of environmental, social and governance (ESG) objectives is well documented, and it is estimated that funds with an ESG component now amount to approximately one quarter of assets managed globally
