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8 RUE SAINTE ZITHE, PO BOX 690, 2016 LUXEMBOURG
Tel:
Work +352 29 72 981
Email:
Web:
www.molitorlegal.lu

Chan Park

Tel:
Work +352 297 298 1
Email:
MOLITOR Avocats à la Cour

Work Department

Corporate & M&A, Banking & Finance

Position

Chan Park is Avocat à la Cour, Member of the Luxembourg Bar, 2014 and the Brussels Bar, 1999. He is a Partner at MOLITOR and is in charge of the firm’s Corporate and M&A practice.

Career

Chan has extensive experience in corporate and corporate finance transactions. His principal fields of activities are corporate law, mergers and acquisitions, cross-border reorganisation centred in Luxembourg, and implementation of complex corporate structures involving multiple jurisdictions. Chan regularly represents large groups of companies in the US, Europe, Asia, international financial institutions and private equity and venture capital houses in corporate and finance matters. He also has particular expertise in the coordination of multi-jurisdiction transactions involving foreign counsels and other advisors.Previously, Chan worked with a major Benelux firm, a Manhattan-based firm in New York, a Big Four firm in Luxembourg and D.Law.

Languages

Chan is fluent in English, French, Korean and has a basic knowledge of Dutch.

Member

Chan is a member of the International Bar Association (IBA) and an active member of the International Association of Korean Lawyers (IAKL) where he serves as a Regional Governor for Europe.

Education

Chan received his law degree from the University of Louvain (Belgium) and holds an LL.M. from the University of Pennsylvania Law School (USA).


Luxembourg

Commercial, corporate and M&A

Within: Commercial, corporate and M&A

At Molitor Avocats à la Cour, ‘professional and knowledgeable’ team head Chan Park has significant experience handling cross-border transactions for funds and corporates.

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Legal Developments by:
MOLITOR Avocats à la Cour

  • Luxembourg IP Tax Regime Repealed

    Bill No 6900 for the budget for 2016, presented on 14 October 2015 by the Luxembourg Minister of Finance Pierre Gramegna, is about to be adopted. It repeals the existing business-friendly tax regime encouraging the exploitation of intellectual property rights (“IPRs”) as from 1 July 2016, with a transitional period beginning on 1 July 2016 and ending on 30 June 2021.
    - MOLITOR Avocats à la Cour

Legal Developments in Luxembourg

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  • 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 modifiée du 10 août 1915 concernant les sociétés commerciales-version consolidée au 19 déc

    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.