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The Legal 500 Hall of Fame Icon The Legal 500 Hall of Fame highlights individuals who have received constant praise by their clients for continued excellence. The Hall of Fame highlights, to clients, the law firm partners who are at the pinnacle of the profession. In Europe, Middle East and Africa, the criteria for entry is to have been recognised by The Legal 500 as one of the elite leading lawyers for seven consecutive years. These partners are highlighted below and throughout the editorial.
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Luxembourg > Legal Developments > Law firm and leading lawyer rankings

Editorial

Press releases and law firm thought leadership

This page is dedicated to keeping readers informed of the latest news and thought leadership articles from law firms across the globe.

If your firm wishes to publish press releases or articles, please contact Shehab Khurshid on +44 (0) 207 396 5689 or shehab.khurshid@legalease.co.uk

 

CSSF issues circular on governance and organisation of non-UCITS fund depositaries

December 2018 - Finance. Legal Developments by Chevalier & Sciales .

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Luxembourg's financial regulator, the Commission de Surveillance du Secteur Financier, published on August 23 CSSF Circular 18/697 on organisational requirements applicable to depositaries of funds that are not subject to the UCITS rules set out in Part I of the investment fund legislation of December 17, 2010 and to their branches.

New draft of AIFMD update eases pre-marketing requirements

December 2018 - Finance. Legal Developments by Chevalier & Sciales .

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The European Commission has put forward amendments to the 2011 Alternative Investment Fund Managers Directive that includes clarifying and setting out uniform rules on what constitutes ‘pre-marketing’ activity, a topic that has been an area of controversy since the directive came into force in 2013. However, the rules have been eased in a fresh draft following criticism from the alternative fund industry.

Commercial cooperation amongst competitors: the Webtaxi decision of the Competition Council of 8 Jun

October 2018 - EU & Competition. Legal Developments by Arendt & Medernach.

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On 8 June, the Luxembourg Competition Council exempted an agreement between Benelux Taxis, Inter-Taxis and other tax companies who jointly use the Webtaxi reservation centre for taking bookings from customers

The fifth anti-money laundering and terrorist financing directive (AML 5) - Key aspects and changes

August 2018 - Finance. Legal Developments by Arendt & Medernach.

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On 19 April 2018, the European Parliament adopted the new directive on the prevention of the use of the financial system for the purposes of money laundering or terrorism financing.

5th AML Directive - Key aspects

August 2018 - Finance. Legal Developments by Arendt & Medernach.

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The 5th AML Directive was published in the Official Journal of the European Union on 19 June 2018, and will enter into force 20 days thereafter.

MiFID 2 and its distinctive Luxembourg features

August 2018 - Finance. Legal Developments by Arendt & Medernach.

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On 31 May 2018, the law on markets in financial instruments (the “2018 Law”) as well as the grand-ducal regulation relating to safeguarding of financial instruments and funds belonging to clients, product governance obligations and the rules applicable to the provision or reception of fees, commissions or any monetary or non-monetary benefits (the “Grand-Ducal Regulation”) were published in the Luxembourg official gazette.

New bills on ATAD implementation and MLI approval

August 2018 - Tax & Private Client. Legal Developments by Arendt & Medernach.

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On 15 June 2018 the Luxembourg government approved 2 new bills of law: ATAD Bill and MLI Bill

Unrestricted VAT deduction for active holding companies

August 2018 - Tax & Private Client. Legal Developments by Arendt & Medernach.

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On 5 July 2018, the Court of Justice of the European Union (“CJEU”) released a welcome decision in the Marle Participations case (C-320/17) concerning the deduction of input VAT by a holding company on costs incurred in relation to acquisitions and sales of shares in subsidiaries.

Tax update - The OECD releases the Base Erosion and Profit Shifting (BEPS) public discussion draft o

August 2018 - Tax & Private Client. Legal Developments by Arendt & Medernach.

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On 3 July 2018, the OECD launched a consultation on the transfer pricing of financial transactions by publishing the first draft of a new chapter of the OECD Transfer Pricing Guidelines for Tax Administrations and Multinational Enterprises

VAT group legislation voted

August 2018 - Tax & Private Client. Legal Developments by Arendt & Medernach.

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The bill of law n°7278 implementing the VAT group into Luxembourg law was voted on 26 July 2018 by the Chamber of Deputies.

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