MIFID II and MIFIR | ESMA updated Q&AS on investor protection and intermediaries topics

On 29 March 2021 and on 28 May 2021, ESMA updated its Questions and Answers (“Q&As“) concerning investor protection and intermediaries topics under Directive 2014/65/EU of 15 May 2014 on markets in financial instruments (“MiFID II”) and Regulation (EU) 600/2014 of 15 May 2014 on markets in financial instruments (“MiFIR”). The updated version of the […]

Read more

Draft law to implement EU crowdfunding regulation

The purpose of the draft law 7825, submitted to the Luxembourg Parliament (Chambre des Députés) on 21 May 2021 (the “Draft Law”), is to operationalise Regulation (EU) 2020/1503 of 7 October 2020 on the European crowdfunding service providers for business (the “Crowdfunding Regulation”). Background The Crowdfunding Regulation, which will be directly applicable in all Member […]

Read more

Publication of the Luxembourg law transposing CRD V and BRRD II

On 21 May 2021, the Luxembourg law of 20 May 2021, transposing: Directive (EU) 2019/878 of 20 May 2019 amending Directive 2013/36/EU as regards exempted entities, financial holding companies, mixed financial holding companies, remuneration, supervisory measures and powers and capital conservation measures (“CRD V”); and Directive (EU) 2019/879 of 20 May 2019 amending Directive 2014/59/EU […]

Read more

Extended delays to hold annual general meeting and file annual accounts

By a new law adopted on May 22, 2020 and published on May 29, 2020 (hereinafter the “Law”), the Luxembourg parliament decided to extend for three months the deadline for filing / publishing annual accounts, consolidated accounts and that reports relating thereto and the sanctions relating thereto with regard to directors / managers, as referred […]

Read more

BSP in the US$500m sustainability-linked senior secured borrowing base financing to Sucafina

Pierre-Alexandre Degehet, Partner at BSP, assisted by Kateryna Nevmerzhytska, Associate, has acted as Luxembourg counsel supporting ING Bank N.V. and a group of international banks on the successful closing of a US$500m sustainability-linked senior secured borrowing base financing to Geneva-based coffee trader Sucafina. The borrowing base facility was significantly oversubscribed and subsequently upsized to US$500 […]

Read more

The Central Bank of the Islamic Republic of Iran offers the opportunity to Luxembourg courts to reaffirm their national sovereignty

The team led by Fabio Trevisan, Partner and Head of the Dispute Resolution department at BSP, and composed of Laure-Helene Gaicio-Fievez, Partner, together with Audrey Risser, Counsel, acting as Luxembourg counsel for the Central Bank of the Islamic Republic of Iran obtained a decision directly impacting the assets held by Clearstream and which will have […]

Read more

Circular CSSF 21/769 – Teleworking in supervised entities

On 9 April 2021, the CSSF published Circular CSSF 21/769 regarding governance and security requirements for Supervised Entities (as defined below) to perform tasks or activities through Telework (as defined below) (“Circular 21/769”). Scope of Circular 21/769 Following the significant increase in Teleworking over the past year in Luxembourg (the number of resident teleworkers in […]

Read more

Your Luxembourg Partner joins IR as the exclusive Corporate Services Member in Luxembourg

IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Nick Procopenko of Your Luxembourg Partner has joined IR as our exclusive Corporate Services Member in Luxembourg. YLP S.à r.l. (société à responsabilité limitée), or “Your Luxembourg Partner”, is an independent corporate service provider which began by adhering to one principle, […]

Read more

Your Luxembourg Partner joins IR as the exclusive Corporate Services Member in Luxembourg

IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Luc Gerondal of Your Luxembourg Partner has joined IR as our exclusive Corporate Services Member in Luxembourg. YLP S.à r.l. (société à responsabilité limitée), or “Your Luxembourg Partner”, is an independent corporate service provider which began by adhering to one principle, […]

Read more

Your Luxembourg Partner joins IR as the exclusive Corporate Services Member in Luxembourg

IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Benjamin Chouraki of Your Luxembourg Partner. Benjamin has joined IR as our exclusive Corporate Services Member in Luxembourg. YLP S.à r.l. (société à responsabilité limitée), or “Your Luxembourg Partner”, is an independent corporate service provider which began by adhering to one […]

Read more

ESMA updated its Q&As for the prospectus regulation

On 28 January 2021, ESMA updated its Questions and Answers (Q&As) relating to Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 .On the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market (“Prospectus Regulation”) and to Commission Delegated […]

Read more