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148, AVENUE DE LA FAIENCERIE, L-1511 LUXEMBOURG
Tel:
Work +352 27 855
Fax:
Fax +352 27 855 855
Email:
Web:
www.bonnschmitt.net

The firm

Bonn & Schmitt is a leading independent Luxembourg law firm with an extensive international practice.

The firm’s attorneys are experienced practitioners in the Luxembourg legal environment and represent a broad spectrum of expertise that allows them to deliver unrivalled legal solutions in one of Europe’s leading financial centres.

Bonn & Schmitt is a trusted legal partner of leading international financial institutions, industrial corporations, national governments, as well as companies listed on the Forbes Global 2000 list.

Having fostered strong links with leading international law firms, the firm’s global client base stretches through Europe, to Russia, the US, South America, South Africa and Asia. The firm aims to nurture strong client relationships and to address the particular business needs of each client in the most efficient manner.

Bonn & Schmitt’s lawyers are registered with the Luxembourg Bar and many are members of several legal associations, including the International Bar Association, the Union Internationale des Avocats and the International Fiscal Association.

Areas of practice

The firm provides broad ranging legal services in the following core areas: corporate law, mergers and acquisitions, insolvency and restructuring; tax, including corporate and international tax advisory, indirect taxes and VAT and tax litigation; banking, finance and regulation, including capital markets, securities and insurance law; investment management covering both asset management and investment funds; and litigation and dispute resolution covering employment, IP, telecommunications and commercial litigation.

LanguagesDutch
English
French
German
Italian
Spanish

Number of lawyers 30

Above material supplied by Bonn & Schmitt.

Legal Developments in Luxembourg

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • CSSF sets out more restrictive policy on UCITS investment in non-UCITS funds

    Luxembourg’s Financial Sector Supervisory Authority (CSSF) has announced changes to its policy regarding investment by UCITS funds in non-UCITS undertakings for collective investment, amending the guidance contained in its Frequently Asked Questions document addressing the law of December 17, 2010 on undertakings for collective investment. In the interests of convergence at EU level regarding the UCITS regime, the CSSF now says that UCITS may no longer invest in other UCIs and those that have done so are required to divest their holdings as soon as possible, unless the eligibility of each target fund has been confirmed specifically through case-by-case analysis.
  • Reorganised Luxembourg law on commercial companies comes into force

    A revised version of Luxembourg’s law on commercial companies, originally dating from August 10, 2015, came into force on December 19, 2017, following its publication in the grand duchy’s official gazette (Mémorial A no. 1066) on December 2015 (the “Company Law”.
  • The amended EuVECA and EuSEF Regulations

    Regulation (EU) 2017/1991 amending regulations (EU) No 345/2013 on European Venture Capital Funds (EuVECAs) and (EU) No 346/2013 on European Social Entrepreneurship Funds (EuSEFs) (together, the “Regulations ”) has been published today in the Official Journal of the European Union and will be applicable as of 1 March 2018.
  • MiFID II: are you ready?

    With less than 30 days to go before the new MiFID II regime will be rolled out, funds and management companies/AIFM are increasingly concerned as to how they will be impacted:
  • Registers of beneficial ownership: new rules to be implemented soon

    The draft laws implementing AMLD 4 set out strict rules to allow for protection against improper access to the information on BOs.
  • 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).
  • New Circular Letter on stock option plans

    ​As announced by the Luxembourg Finance Minister in his presentation of the 2018 budget bill, the government introduced certain amendments to the current tax regime of stock option plans. In particular, the valuation of freely negotiable options will be increased as of 1 January 2018 from 17.5% to 30% of the value of the underlying stock.
  • Loi modifiĂ©e du 10 aoĂ»t 1915 concernant les sociĂ©tĂ©s commerciales-version consolidĂ©e au 19 dĂ©c

    We would like to draw your attention to the release of an official coordinated version of the amended law of 10 August 1915 on commercial companies.
  • Back to 2017 - Forward to 2018

    2017 was a busy year, not least in respect of legal and regulatory changes that may impact your business. We are pleased to provide you with an overview of the major legal and regulatory developments under Luxembourg and EU law.
  • PRIIPs KID: are you ready?

    In less than 4 months the Priips-Kid regulation will come into force. The exercise of ensuring compliance with this regulation is not an easy one.