The Legal 500

398 ROUTE D'ESCH, 1471 LUXEMBOURG
Tel:
Work +352 26 48 42 1
Fax:
Fax +352 26 48 42 35 00
Web:
www.mnks.com
Email:

What we say about the firm's legal practice in Luxembourg

Banking and finance

Within Banking and finance, Noble & Scheidecker is a third tier firm,

Noble & Scheidecker regularly works alongside Big Four accounting firms and leading international law firms, which has led to instructions from some of the world’s most prominent banks. Major lending instructions, restructurings and structured finance transactions have resulted, both for borrower and lender. Marie-Béatrice Noble and Katia Scheidecker are recommended for structured finance transactions.

Corporate and M&A

Within Corporate and M&A, Noble & Scheidecker is a third tier firm,

Noble & Scheidecker’s corporate practice now comprises 30 dedicated professionals. The firm regularly works alongside the Big Four accounting firms and leading international law firms. Clients include private equity houses, financial institutions and multinational corporates. It frequently handles major M&A, restructurings and the migration of company headquarters to new jurisdictions. Marie-Béatrice Noble and Katia Scheidecker are highly recommended, although the firm suffered the departure of Jean-François Findling to launch his own firm.

Dispute resolution

Within Dispute resolution, Noble & Scheidecker is a third tier firm,

Noble & Scheidecker is widely acknowledged for its employment expertise and shareholder litigation. The firm is also engaged in a series of cases linked to the financial crisis, notably the Icelandic banks and the Madoff affair. Marielle Stevenot is recommended for employment litigation, including employee poaching and discrimination.

Employment

Within Employment, Noble & Scheidecker is a first tier firm,

Noble & Scheidecker is one of few firms in Luxembourg to field a dedicated employment specialist as head of department. Marielle Stevenot has emerged as one of the premier employment law advisers in the jurisdiction and she is backed by six other dedicated employment professionals. Employment is very much a central practice area for the firm, which has a proven record of collective dismissals and social plans for financial and IT sector clients.

IP and IT

Within IP and IT, Noble & Scheidecker is a first tier firm,

Allen & Overy Luxembourg is leading the market in many areas, with one market source calling it ‘the only firm with patent litigation experience in Luxembourg’. Department head and counsel Katia Manhaeve is an IP specialist who has immense experience of IP litigation, including before the ECJ. Counsel Cyril Pierre-Beausse is an IT and data protection specialist. The team recently advised a major client on binding corporate rules allowing worldwide transfers of personal data.

Within IP and IT, Noble & Scheidecker is a first tier firm,

Clients recognise Noble & Scheidecker’s pre-eminent position in relation to trade mark transactions. The firm is well established in the local market as well as attracting instructions from outside the jurisdiction. It also gains numerous referrals from foreign law firms, trade mark attorneys and leading tax and audit firms. The firm has an excellent standing for IT outsourcing and data protection, with Gary Cywie playing a prominent role.

Investment funds

Within Investment funds, tier 4

Noble & Scheidecker has a prominent private equity and non-regulated practice as well as undertaking regulated investment funds work. This includes extensive experience with UCITS, SIF and SICAV products. However, the recent departure of Jean-François Findling and Laurent Fessmann is a significant blow to the practice.


What we say worldwide

Please choose another Noble & Scheidecker office to view full details of what we say in that region, or choose from this list to view a specific editorial reference in context.

Luxembourg

Offices in Luxembourg

Legal Developments by:
Noble & Scheidecker

  • Liabilities of Directors of an Investment Fund

    The current turmoil in the investment fund industry has particularly drawn the attention of professionals, including "Directors", to the liabilities they may incur in the framework of their duties as director of an investment vehicle.
    - Noble & Scheidecker

Legal Developments in Luxembourg

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Liabilities of Directors of an Investment Fund

    The current turmoil in the investment fund industry has particularly drawn the attention of professionals, including "Directors", to the liabilities they may incur in the framework of their duties as director of an investment vehicle.
    - Noble & Scheidecker
  • Islamic Microfinancing in Luxembourg

    The following article was co-written by a partner of a well established law firm in Luxembourg and an expert in Islamic Finance with the objective to demonstrate the extent to which the Luxembourg microfinance vehicles an be used to foster the development of Islamic microfinance schemes. The argumentation is centred on the unique combination of the robust Western governance framework and structuring vehicles together with Oriental philanthropic and religious principles; this association is likely to meet the financing needs of the neediest who, so far, were kept aside of conventional interest-based microfinance solutions.
    - Linari Law Firm
  • Migration or relocation of offshore funds to Luxembourg

    The Madoff scandal which has led to the quasi-collapse of the banking sector has changed the fund industry landscape. The ability to relocate in Luxembourg opens new horizons to offshore promoters and investors.
    - Chevalier & Sciales
  • Restructuring & Insolvency in Luxembourg

    It goes without saying that the past few years have been quite unique. Over this period, we have seen the fall of many prominent banking institutions and have experienced some quite special situations. The repercussions of these events have greatly impacted global economies and in many jurisdictions, they have led to a spectacular level of bankruptcy, insolvency and restructuring cases.
    - Oostvogels Pfister Feyten
  • Luxembourg Newcits or Sophisticated UCITS

    For a long time, Luxembourg hedge funds and funds of hedge funds have been set-up under several wrappers, namely funds submitted under part II of the law of 20 December 2002 on UCIs (the “2002” Law) and specialized investment funds (SIF) governed by the law of 13 February 2007 (the “SIF Law”). As of today, hedge fund managers are considering launching UCITS platforms (especially “sophisticated UCITS”). As widely known, UCITS funds are harmonized European retail fund vehicles that can be sold globally and which benefit from the European passport enabling investment managers to easily market their funds within the EU.
    - Chevalier & Sciales
  • Real Estate in Luxembourg – 2010 Edition

    This comprehensive brochure provides an overview of Real Estate in Luxembourg. It provides details on Luxembourg’s approach to the sector, developments during the course of 2009 and outlines those vehicles which can be used to invest in the sector. These include regulated vehicles such as the Real Estate UCI, SICAR, SIF and the unregulated SOPARFI. The booklet also covers the various tax elements of Real Estate investing.
    - Oostvogels Pfister Feyten
  • IP, IT & Media News from Luxembourg

    On 25 November 2009, the European Union enacted a new set of rules regarding electronic communications, the so-called new "Telecom Package". This new regulation is composed by two directives which must be implemented by the Member States by 25 May 2011 and one regulation which is immediately applicable. In Luxembourg, a draft of law has been filed on 30 March 2010 in order to implement into national law some of the new provisions related to the independence of the national regulatory authorities ("NRA").
    - Molitor, Fisch & Associés
  • Luxembourg : a hub for Islamic Finance

    Well established as a world leader in the investment funds industry (second only to the USA), Luxembourg firmly held its position throughout the economic crisis, totalling EUR 1,840.993 billion net assets under management as at 31 December 2009. This five decade long success story originates from a continuing intention on the part of the local authorities to make the most of promising opportunities in the financial market. Islamic Finance is unquestionably one such opportunity and initiatives taken by the various actors operating in Luxembourg show how determined they are to lead the way in this fast growing market. 
    - Chevalier & Sciales
  • Getting the Deal Through - Insurance & Reinsurance 2009 - Luxembourg chapter

    Identify the regulatory agencies responsible for regulating insurance and reinsurance companies. The Commissariat aux Assurances (the Commissariat) is in charge of the supervision of insurance and reinsurance undertakings, as well as insurance intermediaries (agents and brokers). It is in charge of examining the applications for licences. The Commissariat also assists the Luxembourg public authorities in European and international negotiations. It takes an active part to the preparation of Luxembourg laws and regulations within its field of competence. The Commissariat is a public establishment vested with legal personality and is financially independent. It is under the authority of the ministry of treasury and budget.
    - KLEYR GRASSO ASSOCIES
  • Getting the Deal Through - Dispute Resolution 2009 - Luxembourg Chapter

    What is the structure of the civil court system? The Luxembourg court system is organised according to the principle of ‘double court instance’, pursuant to which any case may be judged twice by two different courts, both upon the factual and legal merits. As a result, a major distinction is to be drawn up between the first degree courts and the courts of appeal.
    - KLEYR GRASSO ASSOCIES