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Baker McKenzie

10-12 BOULEVARD ROOSEVELT, 2450 LUXEMBOURG
Tel:
Work +352 26 18 441
Fax:
Fax +352 26 18 44 99
Email:
Web:
www.bakermckenzie.com

Luxembourg

Banking, finance and capital markets
Banking, finance and capital markets - ranked: tier 4

Baker McKenzie

Baker McKenzie continues to gain traction in the market and its real estate finance offering was bolstered by the arrival of Jean-François Trapp from MNKS in 2017. Laurent Fessmann regularly handles fund financing and securitisation matters; he recently worked alongside the firm’s Frankfurt office for Société Générale as lead manager and arranger on a €730m securitisation for Red & Black Auto Lease.

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Commercial, corporate and M&A
Commercial, corporate and M&A - ranked: tier 2

Baker McKenzie

Baker McKenzie’s three-partner team excels in handling cross-border M&A mandates where it regularly works with lawyers from across its vast international network. Recent highlights include advising FedEx on its $4.8bn acquisition of TNT Express. Jean-François Findling is ‘excellent at handling work within the private equity sector’. Torsten Schmitt left to establish TS&P in 2018.

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Insurance
Insurance - ranked: tier 2

Baker McKenzie

Headed by Andrea Schmid, Baker McKenzie handles standalone regulatory issues, insurance product development and operational matters for a growing roster of insurance clients. Benefiting from many years’ experience in-house at several Luxembourg insurance companies, Schmid has significant credibility within the sector and has recently assisted clients with the implications of Solvency II and with contingency planning in light of Brexit.

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Investment funds
Investment funds - ranked: tier 2

Baker McKenzie

Baker McKenzie has ‘excellent business knowledge’ of the regulatory and commercial issues impacting the funds industry and acts for promoters, as well as investors, on due diligence issues. The ‘flexible and client-orientedLaurent Fessmann advises real estate, private equity, and hedge funds on structuring, regulatory and investment activity; he and the ‘pragmatic and solutions-orientedCatherine Martougin advised BNP Paribas Real Estate on the structuring and formation of Eurozone Logistics Fund SCS, SICAV-FIS which has a focus on built or soon-to-be developed logistics platforms.

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Real estate and construction
Real estate and construction - ranked: tier 2

Baker McKenzie

Strengthened by the arrival in January 2017 of dedicated real estate practitioner Jean- François Trapp from MNKS, Baker McKenzie is increasingly well placed to handle wide-ranging real estate work for funds, end-users and investors. Jean-François Findling is also noted.

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Tax
Tax - ranked: tier 1

Baker McKenzie

Baker McKenzie provides ‘a proactive service’ to clients across a range of advisory, transactional and contentious matters including advice on the tax implications of structured investments and financings, as well as structuring advice pursuant to asset management clients establishing funds in Luxembourg. The team is particularly accomplished at handling work for international clients where it regularly works alongside practitioners from throughout the firm’s vast international network. The ‘very well-respectedAntonio Weffer heads the firm’s ‘excellent transfer pricing practice’. André Pesch left to establish TS&P in 2018.

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Further information on Baker McKenzie LLP

Please choose from this list to view details of what we say about Baker McKenzie LLP in other jurisdictions.

United Arab Emirates

Offices in Dubai, Abu Dhabi, and Dubai

Afghanistan

Argentina

Offices in Buenos Aires

Australia

Offices in Sydney, Melbourne, and Brisbane

Austria

Offices in Vienna

Azerbaijan

Offices in Baku

Belgium

Offices in Brussels and Antwerp

Bahrain

Offices in Manama

China

Offices in Beijing and Shanghai

Chile

Offices in Santiago and Santiago

Canada

Offices in Toronto

Colombia

Offices in Bogota

Czech Republic

Offices in Prague

Germany

Offices in Berlin, Frankfurt, Dusseldorf, and Munich

Egypt

Offices in Cairo

Spain

Offices in Madrid and Barcelona

France

Offices in Paris

Hong Kong

Offices in Hong Kong

Hungary

Offices in Budapest

Indonesia

Offices in Jakarta

India

Italy

Offices in Rome, Milan, and Bologna

Japan

Offices in Tokyo

Kazakhstan

Offices in Almaty

London

Offices in London

Luxembourg

Offices in Luxembourg

Myanmar

Offices in Yangon

Morocco

Offices in Casablanca

Mexico

Offices in Juarez, Tijuana, Monterrey, Mexico City, and Guadalajara

Malaysia

Offices in Kuala Lumpur

Netherlands

Offices in Amsterdam

Philippines

Offices in Manila

Poland

Offices in Warsaw and Lodz

Qatar

Offices in Doha

Asia Pacific: Regional international arbitration

Russia

Offices in Moscow and St Petersburg

South Africa

Offices in Johannesburg

Sweden

Offices in Stockholm

Singapore

Offices in Singapore

South Korea

Offices in Seoul

Saudi Arabia

Offices in Riyadh and Jeddah

Switzerland

Offices in Zurich and Geneva

Taiwan

Offices in Taipei

Thailand

Offices in Bangkok

Turkey

Offices in Istanbul and Istanbul

Ukraine

Offices in Kiev

United States

Offices in Washington DC, Palo Alto, New York, Miami, Dallas, Chicago, San Francisco, and Houston

Venezuela

Offices in Valencia and Caracas

Vietnam

Offices in Hanoi and Ho Chi Minh City

Legal Developments by:
Baker McKenzie LLP

  • The New Turkish Code of Obligations: Important Changes for Leases of Residential & Business Premises

    For decades, the primary Turkish laws governing leases of residential and business premises have been the Law on Leasing Real Property dated May 27, 1955 (the “Lease Law”) and the Turkish Code of Obligations No. 818 dated April 22, 1926 (the “Obligations Code”). Both of these laws, however, will be repealed and replaced with the new Turkish Code of Obligations No. 6098 dated January 11, 2011 (the “New Obligations Code”), which will enter into force on July 7, 2012.
    - Esin Attorney Partnership

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).