SFDR | CSSF Communication and Fast Track Procedure

Background On 16 December 2020, the CSSF issued a communication covering both new regulatory requirements on transparency with regard to the integration of sustainability risks, the consideration of adverse sustainability impacts and the provision of sustainability – related information, as well as the adoption of a fast track procedure. Regulatory requirements Regulation (EU) 2019/2088, of 27 November […]

Evelyn MaherPartner, Bonn Steichen & Partners

BREXIT | Deadline for Marketing of UK UCITS in Luxembourg

BACKGROUND On 21 December 2020 draft law No. 7736 was presented before the Luxembourg Parliament (the “Draft Law”). The scope of the Draft Law includes, inter alia, an amendment to the law of 17 December 2010 relating to undertakings for collective investment (the “UCI Law”). SCOPE The Draft Law amends the UCI Law by prolonging until […]

Evelyn MaherPartner, Bonn Steichen & Partners

Liquidity and Valuation Shocks | ESMA Report on the Preparedness of Investment Funds

As part of its actions to address the impact of COVID-19 on the financial system from a macroprudential perspective, on 6 May 2020, the European Systemic Risk Board (“ESRB”) published a recommendation to address liquidity risk in investment funds, requesting that ESMA: coordinates with the EU national competent authorities (including the CSSF) (the “NCAs”) to undertake a […]

Evelyn MaherPartner, Bonn Steichen & Partners

Request For Interim Measures: New Rejection By The President Of The Competition Council

On 17 December 2020, the President of the Competition Council (hereinafter the “President of the Council”) rendered a decision rejecting a request for interim measures requested by the laboratory Bionext S.A. against the Laboratoire National de Santé (hereinafter the “LNS”). This request for interim measures was part of a main proceeding initiated by Bionext S.A. […]

Gabriel BleserPartner, Bonn & Schmitt

duvieusart ebel, avocats associés, Wolfs Advocaten and Everest Law working together

Duvieusart Ebel, Avocats Associés has been invited by Wolfs Advocaten (NL), another active IR Global fellow member, to assist one of their US clients, a global operating firm, on a charitable sales promotion developed in multiple countries, including the Netherlands, Belgium and Luxembourg. Duvieusart Ebel reviewed the commercial aspect of the advertising campaign under Luxembourg […]

Benoît DuvieusartPartner, duvieusart ebel, avocats associés

Thierry Stas participates in IR Global Guide: International Expansion: Building your Business Overseas

Foreword by Andrew Chilvers Despite these uncertain times, expanding overseas can be a key driver for future growth for an ambitious business. International expansion can breathe new life into a company, drive huge value and set it on a path of continued success. Expanding a business overseas is a strategic opportunity that will help diversify […]

Thierry StasPartner, Maprima

Newsflash Luxembourg – Postponement of tax reporting deadlines under DAC6, CRS and FATCA

In the context of the crisis related to COVID-19, a draft law relating to the postponement of tax reporting deadlines under DAC6, CRS and FATCA was filed with the Luxembourg Chamber of Deputies (bill number 7625, hereafter referred to as “the Bill”) on 6 July 2020. The Bill followed the Council of the European Union’s […]

Benoît DuvieusartPartner, duvieusart ebel, avocats associés

Joram Moyal participates in the IR Virtual Series – International Contracts: How has the global pandemic impacted international contracts?

Foreward by Andrew Chilvers The COVID-19 pandemic is one of those once-ina-lifetime events that few people predict but which affects everyone – individuals, businesses and governments. During the past four months the pandemic has caused huge disruption to companies across the globe as many have suddenly found it impossible to fulfil their contractual obligations. From […]

Joram MoyalPartner, Moyal & Simon Law S.a.r.L