We prepared the ‘‘Overview of EU Member States and Switzerland’’, which gives you a comprehensive overview of the current state of play on the interpretation and application of the EU Parent Subsidiary Directive general anti-abuse rule (Directive 2015/121/EU) in the EU member states and how Switzerland deals with it.
Since the Covid-19 pandemic continues to impact the good governance of legal entities, the Luxembourg Government decided to extend the possibility for companies and other legal entities to hold their corporate body meetings remotely until 30 June 2021.
In its judgment handed down on 25 September 2020, the Lower Administrative Court (Tribunal Administratif) considered the scope of hidden dividend distributions under Luxembourg law.
IN A PENDING CASE AGAINST LUXEMBURG BUSINESS REGISTERS, THE LUXEMBOURG DISTRICT COURT SUBMITTED A REFERRAL TO THE COURT OF JUSTICE OF THE EUROPEAN UNION (CJEU) REQUESTING A PRELIMINARY RULING
While the coronavirus pandemic situation continues to have an impact on the sound governance of companies and other legal entities, the bill of law 7673 (the Bill) suggested the extension of the measures enabling the companies and legal entities
Virtual shareholder and board meetings allowed until 31 December 2020
On 22 September 2020, the draft law n°7673 providing measures concerning the holding of meetings of companies and other legal entities was voted by the Luxembourg Parliament (the “Law n°7673”).
Entry into force of the law creating a register of fiducies and trusts: new register for beneficial owners of fiduciary arrangements and express trusts complementary to the register of beneficial owners for legal entities
On 1 July 2020 the Luxembourg Parliament adopted the much anticipated Bill of Law n°7216B (the “Law”) that repeals the existing law on the information of beneficial owners of trusts and fiduciary agreements by transposing in its entirety article 31 of the EU Directive 2015/849
On 1 July 2020, bill of law 7216B setting up a Luxembourg register of fiducies and trusts (the “RFT”), under the supervision of the Administration de l’Enregistrement, des Domaines et de la TVA (the “AED”), was passed in Parliament (the “RFT Law”).
