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Arendt & Medernach

HEAD OFFICE, 41A AVENUE JF KENNEDY, 2082 Luxembourg, L-2082
Tel:
Work +352 40 78 781
Email:
Web:
www.arendt.com

Laurent Schummer

Tel:
Work +352 40 78 78 5061
Email:
Arendt & Medernach

Work Department

Corporate Law, Mergers & Acquisitions ; Private Equity & Real Estate ; Capital Markets

Position

Laurent Schummer is a Partner and a member of the Corporate Law, Mergers & Acquisitions, the Private Equity & Real Estate and the Capital Markets practices of Arendt & Medernach.

Career

In addition to general company law, mergers and acquisitions, joint ventures and group restructuring matters, Laurent also handles takeover, equity offering and listing matters.

Prior to joining Arendt & Medernach, he was a partner at Linklaters LLP, Luxembourg which he joined in 1997.

Languages

English, French, German and Luxembourgish.

Member

He has been a member of the Luxembourg Bar since May 1998.

Laurent is a standing member of the Mergers and Acquisition commission of the Union Internationale des Avocats. He is a lecturer in corporate law at the University of Luxembourg.

Education

Laurent Schummer holds a Master's degree in law from the Catholic University of Louvain (Belgium) as well as a Master of Laws (LL.M.) from the University of Chicago Law School (U.S.A.).


Luxembourg

Banking, finance and capital markets

Within: Banking, finance and capital markets

Praised for its ‘in-depth banking expertise’, Arendt & Medernach’s eight-partner team has the critical mass to devote two distinct groups of lawyers responsible for handling regulatory advice and transactional work within the banking and finance sector. ‘Excellent on capital markets and structured finance matters’, the team is ‘always abreast of new developments, products and structures’; François Warken and the ‘solution-orientedLaurent Schummer advised SES on a €550m hybrid bond offering. Matthieu Taillandier advised Merrill Lynch, and others, as initial purchasers of a €500m high-yield bond issuance by an international gaming operator. Paul Mousel, Philippe Dupont and Glenn Meyer are also recommended.

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Commercial, corporate and M&A

Within: Leading individuals

Laurent Schummer - Arendt & Medernach

Within: Commercial, corporate and M&A

Arendt & Medernach’s experienced team provides ‘a commercial and pragmatic’ service. Recent highlights include Guy Harles advising Deutsche Bank on the sale of Sal. Oppenheim’s Luxembourg asset servicing business, and Laurent Schummer’s work for UBS on the rationalisation of its European wealth management activities into one single European company.

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Private equity

Within: Private equity

Combining regulatory, transactional and structuring expertise, Arendt & Medernach is a popular choice for leading global funds for high-profile mandates with a Luxembourg element. Pierre Beissel recently advised Partners Group in conjunction with a consortium of investors on the over €1.8bn acquisition of Foncia. Laurent Schummer and Alexander Olliges are also recommended.

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Legal Developments by:
Arendt & Medernach

Legal Developments in Luxembourg

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Free movement of workers: new provisions on equal treatment and minimum pay for highly qualified wor

    Equal treatment
  • Free movement of workers: new provisions on equal treatment and minimum pay for highly qualified wor

    Equal treatment
  • Luxembourg Stock Exchange unveils Securities Official List for non-traded securities

    The Luxembourg Stock Exchange has launched the Securities Official List, a dedicated section of the exchange’s official list that enables securities to be listed without requiring them to be admitted to trading on either its regulated Bourse de Luxembourg or Euro MTF market. The SOL, which involves a simplified and rapid registration process, is specifically designed for issuers seeking only the visibility of having their securities on a recognised official list and for which admission to trading is not essential, but that can benefit from the enhanced distribution and diversification of their investor base the new listing section offers.
  • New double tax treaty between France and Luxembourg: substantial impact on real estate investors

    On 20 March 2018, the governments of France and Luxembourg signed a new double tax treaty (“New Treaty ”) replacing the current treaty dated 1 April 1958 (“Old Treaty ”). Although the New Treaty is based on the 2017 OECD Model Tax Convention, it contains certain substantial derogations therefrom.
  • Luxembourg in space, one step ahead [video]

    ​​Discover Luxembourg's space adventure and the challenges the space industry will face in the next decade. Arendt & Medernach, the leading law firm in Luxembourg, continuously supported the space and satellite industries and have developed the firm’s expertise and experience in these domains. We are now really looking forward to helping other businesses on their journeys into space. Should you require more information, please contact Laurent Schummer , Bob Calmes and Blazej Gladysz .
  • Cross-border distribution of investment funds: a proposal for harmonisation

    Reducing barriers for cross-border distribution of investment funds within the EU, thus reducing the costs of going cross-border, while deepening the single marketing procedure for investment funds is the proclaimed purpose of the two legislative proposals published by the EU Commission today, on 12 March 2018. According to the EU Commission proposal, the envisaged harmonisation of rules for cross-border distribution should occur through a new directive amending both the UCITS and AIFM Directives with regard to the cross-border distribution of collective investment funds, and through a new regulation on facilitating cross-border distribution of collective investment funds and amending the EuVECA Regulation (Regulation on European venture capital funds) and the EuSEF Regulation (Regulation on European social entrepreneurship funds).
  • Clarification of the scope of the UCITS and AIFMD depositary regimes

    A significant number of so-called Part II UCIs may remain within the scope of the AIFMD depositary regime. Luxembourg’s Parliament ( Chambre des Députés ) has voted yesterday to amend the respective legislation to this effect. This amendment clarifies the scope of the UCITS-like and the AIFMD depositary regimes in Luxembourg for these funds.
  • New anti-money laundering rules in Luxembourg

    On 14 February 2018, the law of 13 February 2018 implementing a substantial part of the 4th anti-money laundering directive (4th AML Directive) was published in the Official Journal of Luxembourg. The law will enter into force on 18 February 2018.
  • Outsourcing made easier: professional secrecy in the financial and insurance sector softened

    Through the law of 27 February 2018 implementing the EU regulation (UE) 2015/751 on interchange commissions for card based payments, which amends various laws relating to the financial sector (and was published in the Luxembourg official gazette on March 1st 2018), the Luxembourg parliament has now relaxed the rules on professional secrecy for banks, investment firms, other regulated professionals of the financial sector, payment institutions, electronic money institutions and insurance undertakings (together the « financial institutions ») to facilitate outsourcing arrangements.
  • Permanent exemption from variation margin obligation for FX forwards?

    Earlier this week, the European Supervisory Authorities (ESAs) published draft amendments to EMIR-related regulatory technical standards (RTS) that align the treatment of variation margin (VM) for FX forwards with the supervisory guidance applicable in other key jurisdictions. More specifically the draft amendments propose that the requirement to exchange VM for physically settled FX forwards shall only target transactions between institutions (credit institutions and investment firms).