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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  • Luxembourg IP Tax Regime Repealed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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  • ESMA issues new updates to UCITS and AIFMD Q&As

    The European Securities and Markets Authority has issued fresh updates on October 5 to its Questions and Answers documents containing guidance on and interpretation of the EU’s Undertakings for Collective Investment in Transferable Securities (UCITS) and Alternative Investment Fund Managers Directive (AIFMD) regimes. ESMA says the Q&A documents aim to promote common supervisory approaches and practices in the practical application of the various UCITS directives and the AIFMD through responses to questions posed by industry members and regulators themselves.
  • VAT in the GCC – Q&A updates from the UAE Ministry of Finance

    On 9 July the United Arab Emirates (UAE) Ministry of Finance (MOF) published an update of the Value Added Tax (VAT) FAQ section of its website.     
  • Foreign issuers on Luxembourg Stock Exchange must now provide LEI codes

    The Luxembourg Stock Exchange now requires all domestic and foreign issuers operating on the regulated market, the Bourse de Luxembourg, or its Euro MTF multilateral trading facility, to provide the exchange with their legal entity identifier codes. The exchange has called on foreign issuers to check the ongoing validity of their LEI codes with local operating units designated by different countries and to send them to the exchange by e-mail to bolide@bourse.lu .
  • New Tax Procedures Law in the UAE

    On 31 July 2017, the President of the United Arab Emirates (the “UAE ”) issued the new Tax Procedures Law (the “Law ”). This Law contributes to build the UAE’s tax system, to regulate the administration and collection of taxes and most importantly, to clarify the respective rights and obligations between the Federal Tax Authority (the “FTA ”) and the taxpayer.
  • Confirmation of the end of the VAT exemption regime for financial IGPs

    Following the Luxembourg case C-274/15, the series of cases relating to the scope of the cost-sharing VAT exemption also referred to as “Independent Group of Persons” (“IGP”) continues with the release today of three judgements by the Court of Justice of the EU (“CJUE”): Aviva (C-605/15), DNB Banka (C-326/15) and European Commission v Federal Republic of Germany (C-616/15).
  • Luxembourg law on the exploration and use of space resources entered into force

    The Luxembourg law on the exploration and use of space resources of 20 July 2017 entered into force on 2 August 2017 and placed Luxembourg among the most innovative space-oriented nations in the world.
  • UAE domestic VAT law released!

    On 27 August 2017, the United Arab Emirates (the " UAE ") published the text of its domestic Value Added Tax (the " VAT ") Law, shortly after releasing the text of its Excise Tax Law last week, and the Federal Tax Procedures Law earlier this month. It will be followed by implementing regulations, which will provide more detail on application of the VAT Law.
  • ICLG 4th edition - Corporate Immigration 2017

    As Luxembourg is gaining increasing success in international mobility and business immigration , the applicable legal framework has been recently adapted by introducing several new categories of residence permits in Luxembourg, including a residence permit for investors.
  • Posting of workers and its implications for posting companies - New law

    A revision of the Posting Directive became necessary after it proved that the Posting Directive contained numerous pitfalls in the past. In some cases it turned out that companies posting employees were only “letterbox companies” without any substance. In other cases, situations where concerned employees’ rights were being circumvented were unveiled.
  • CSSF provides guidance on PRIIPs KID for Luxembourg alternative funds

    In the latest update of its Frequently Asked Questions document on the legislation governing alternative investment fund managers, published on July 6, 2017, Luxembourg financial regulator CSSF has addressed issues raised by the introduction in January 2018 of the European Union’s regulation on Packaged Retail and Insurance-based Investment Products and its requirement for such products to provide investors with a Key Information Document.