Hall Of Fame

Rising Stars

Firms To Watch: Tax

New business and tax boutique SIMON Law, which was established in May 2023 by respected practitioner Georges Simon, is a compelling proposition to corporates, HNWIs and funds across a wide array of tax matters. The arrival in August 2023 of Simon’s former colleague at Ashurst Cécile Henlé further enhances the team, in light not only of her tax structuring expertise but also her litigation prowess.

Tax in Luxembourg

Allen & Overy Luxembourg

Allen & Overy Luxembourg‘s two-partner team provides ‘technically very strong’ advice across the gamut of non-contentious and contentious tax matters, acting both in a standalone fashion as well as working in harness with other key practice areas across the firm’s full-service offering. The investment management arena, however, remains the lifeblood of the practice, with the team regularly working alongside the investment funds practice on the tax structuring associated with both regulated and unregulated vehicles. Jean Schaffner is key to much of this fund structuring work, as well as providing the tax advice relevant to downstream investment work. In addition, Schaffner also handles contentious mandates and has developed a strong reputation for acting on administrative tax disputes. Patrick Mischo co-heads the team alongside Schaffner and is also adept at covering the tax aspects of fund structuring and transactions. Counsel Franz Kerger provides ‘very reliable and client-centric advice’ to fund managers, on real estate transactions as well as tax litigation.

Practice head(s):

Jean Schaffner; Patrick Mischo

Other key lawyers:

Sophie Balliet; Franz Kerger; Johanna Tschurtschenthaler; Guilhèm Becvort


‘The team is technically very strong and able to deliver this knowledge clearly even for non-lawyers.’

‘Jean Schaffner demonstrated exceptional availability and engagement, excellent technical skills and tax expertise with a strong network of contacts locally he can tap into to find solutions to clients’ complex cases. We have worked with him on complex cross-border restructuring, patrimonial engineering projects and tax litigation cases.’

‘Jean Schaffner is a top adviser and litigator, and great to work with.’

Work highlights

  • Advised a private equity firm based in Malaysia on the sale of its Luxembourg-based portfolio company.
  • Advised a private equity firm focused on infrastructure investments on several investment funds, including on the setup of a fund with a target of €10bn and hard cap of €12bn.

Arendt & Medernach

The seven-partner team at Arendt & Medernach has ‘exceptional breadth and depth in all aspects of Luxembourg tax’, including as it relates to transactional planning and negotiation, fund structuring, transfer pricing and controversy. ‘Technically superb’ team head Jan Neugebauer ‘applies calm, pragmatic and commercial judgement in his advice’ to international clients across a range of work, including in the context of structured finance transactions, real estate mandates and M&A matters. Thierry Lesage has a ‘highly sophisticated understanding of tax laws’, and excels at handling cross-border M&A, real estate and finance transactions, adding value through his knowledge of ‘how Luxembourg tax considerations interface with multi-jurisdictional planning’. As well as his expertise in private equity and real estate tax matters, Eric Fort is also well-versed in handling private client-related work and regularly advises on the tax aspects of wealth planning for ultra-high-net-worth individuals (UHNWIs). Vincent Mahler is ‘responsive and technically strong’ across a range of international tax issues, including those with a nexus to France. Other recommended practitioners include Bruno Gasparotto, for VAT matters; Alain Goebel, on the transfer pricing front; and Philipp Jost, who excels in advising on alternative fund structuring matters, in particular with respect to German investments and/or investors.

Practice head(s):

Jan Neugebauer

Other key lawyers:

Thierry Lesage; Eric Fort; Alain Goebel; Bruno Gasparotto; Vincent Mahler; Philipp Jost


‘The team provides extremely high quality advice. What sets them apart is their ability to apply a very high level of technical knowledge in a flexible and commercial way to achieve a good outcome.’

‘The team has exceptional breadth and depth in all aspects of Luxembourg tax and tax-related practice areas, including transactional planning and negotiation, transfer pricing and controversy.’

‘Jan Neugebauer is technically superb, but applies calm, pragmatic and commercial judgement in his advice. He is very responsive and has very good knowledge of real estate investment structures.’

‘Vincent Mahler is responsive and technically strong.’

‘Thierry Lesage has a highly sophisticated understanding of tax laws and is deeply experienced in how Luxembourg tax considerations interface with multi-jurisdictional planning.’

Key clients


American Airlines


Astorg Partners

Bain Capital

Blackfin Capital Partner

Credit Suisse

DPE Deutsche Private Equity GmbH

M7 Real Estate

Morgan Stanley

Work highlights

  • Provided tax assistance to Aermont Capital in the context of the sale and transfer of Pinewood Group Ltd to a new corporate vehicle.
  • Acted as Luxembourg counsel to CVC Credit in connection with the final closing of its major third European Direct Lending fund.
  • Advised Astorg on the $2.6bn acquisition, together with co-investor Mubadala, of CordenPharma, a Swiss-based contract development and manufacturing organisation.

Baker McKenzie

Baker McKenzie‘s four-partner team provides ‘responsive, clear and technically strong advice’ across a broad range of standalone advisory and transaction-based work, including in relation to private equity, debt and real estate matters. In this context, it is recognised as ‘the “crème de la crème” in international taxation’, often forming part of a formidable multi-office team utilising resources throughout the firm’s vast tax competence. The ‘extremely knowledgeable and creative’ Diogo Duarte de Oliveira is able to blend tax, accounting and legal knowledge to develop solutions across a range of cross-border work and is particularly skilled at structuring within the alternative funds space, as well as private wealth work for Latin American clients. Antonio Weffer ‘is influential on the market’ within the international tax space, chiefly as a result of his formidable reputation for transfer pricing matters. Leveraging his accountancy credentials, tax principal Amar Hamouche is also a key member of the team and is appreciated for his ‘solutions-oriented advice’ on tax structuring associated with M&A and real estate transactions, as well as for work in the private wealth sector. Olivier Dal Farra, who was promoted to partner in July 2023, is also recommended for his ability to provide ‘creative and robust approaches to tax issues’, both in relation to international tax planning and in connection with strategic organisation and M&A transactions.

Practice head(s):

Diogo Duarte de Oliveira; Amar Hamouche; Antonio Weffer

Other key lawyers:

Olivier Dal Farra; Andrea Addamiano; Julien Schraub; Antonio Merino; Miguel Pinto de Almeida; Nicolas Jeangeorges


‘They are the “crème de la crème” in international taxation. They are our to-go firm in Luxembourg to advise LatAm clients with complex corporate and family structures. ’

‘They provide responsive, clear and technically strong advice, leaving no stone unturned. Also they know the market well across a range of asset classes including private equity, debt and real estate.’

‘Diogo Duarte de Oliveira has a calm, thorough and precise approach and always delivers clear and comprehensive advice. He is technically excellent and always asks the right questions.’


Combining ‘excellent technical skill’ with a ‘commercial and practical approach’, BSP is popular among domestic and international clients on standalone advisory work, as well as tax structuring of corporate transactions and fund formations. The team is also well regarded on the contentious front, an area in which team head Alain Steichen is particularly accomplished, having handled many high-profile cases over the years, including as these relate to VAT disputes and the implications of double tax treaties. Pol Mellina has expertise across direct and indirect taxation, both from a contentious and non-contentious perspective, including advice on fund structuring and the tax aspects of debt issuances. Daniel Riedel was promoted to partner in December 2022 and is appreciated for his ‘cost-effective, knowledgeable and straightforward advice’ on day-to-day advisory work as well as tax planning and transaction-related structuring.

Practice head(s):

Alain Steichen

Other key lawyers:

Gaëlle Felly; Pol Mellina; Daniel Riedel


‘The firm has super tax experts in the field of Luxembourg law but also for cross-border cases.’

‘Excellent technical skill combined with a commercial and practical approach.’

Daniel Riedel provides cost-effective, knowledgeable and straightforward advice.’

Key clients

Goldman Sachs

Global Infrastructure Partners


DDM Group

Index Ventures

Takeda A/S

Oneiros Investments S.A.

Luxembourg government

Work highlights

  • Advised Takeda AS on the Luxembourg aspects of tax litigation (first and second instance) pending in Denmark that follows the Danish cases (C 115/16, C 118/16, C 119/16, C 299/16), which the European Court of Justice handed down on 29 February 2019.
  • Advised Goldman Sachs managed funds and their investment subsidiaries on the completion of the €2bn takeover of Aareal Bank by a consortium of investors.

Clifford Chance

Often working alongside complementary practice areas, as well as practitioners across the firm’s global network of offices, Clifford Chance's team is best-suited to tax structuring advice on cross-border finance and corporate transactions, where it is noted for its ability to provide ‘pragmatic and precise advice’. Practice head Geoffrey Scardoni, who is recognised as ‘one of the most knowledgeable tax lawyers in Luxembourg’, takes the lead on most of this work and is noted in particular for funds work (where he also adds value through his involvement in lobbying groups) and financial services clients, which he advises on tax implications across a range of financial products.

Practice head(s):

Geoffrey Scardoni

Other key lawyers:

Maxime Budzin; Josselin Badoc


‘It is very strong at handling investment fund tax structuring.’

‘They are capable of providing up-to-date, pragmatic and precise advice.’

‘Geoffrey Scardoni is one of the most knowledgeable tax lawyers in Luxembourg, in particular he is one of a few tax lawyers to have a deep knowledge of corporate and regulatory matters.’

‘Geoffrey Scardoni is a stellar tax adviser. He is able to understand the overarching principles of our risk-based approach and to provide advice taking into account parameters that go beyond pure tax considerations. He is efficient, knows the market practice and anticipates potential jurisprudence changes.’

Key clients

SINO-CEEF Capital Management


Luxembourg Airport

Allianz Real Estate

Bayerische Versorgungskammer

Luxembourg VAT authorities

Schroder Aida


Three Hills Capital Partners

Daiwa Energy & Infrastructure Co. Ltd.

BofA Securities Europe SA, HSBC Continental Europe, Intesa Sanpaolo S.p.A. and MUFG Securities (Europe) N.V.

Neuwup 1 S.à r.l. and Neuwup 3 S.à r.l. (Signature Capital group)

Work highlights

  • Advised SINO-CEEF on the establishment of Luxembourg investment platforms for the purpose of acquiring a wide range of investments in Europe.
  • Advised TotalEnergies on its exclusive negotiations with Canadian convenience store leader Alimentation Couche-Tard regarding TotalEnergies’ retail networks in four European countries.
  • Advised Allianz Real Estate GmbH on the establishment of its new joint venture with leading European residential real estate company Heimstaden Bostad.

Elvinger Hoss Prussen

Strongly embedded into the domestic ecosystem, independent full-service heavyweight Elvinger Hoss Prussen has good insight into regulatory/legislative changes. It also draws upon excellent networking and business connections, ensuring that it provides ‘creative structural solutions to commercial issues‘, both for standalone tax matters as well as concomitant to transactional work handled by the firm. ‘Extremely responsive and commercial’ team head Elisabeth Adam has deep knowledge across domestic and international tax law, both in the context of corporate and real estate transactions and through regularly representing clients in tax litigation. Isabelle Gervais advises on the tax aspects of investment funds and private equity investments, including transfer pricing, as well as the tax considerations in real estate acquisitions.

Practice head(s):

Elisabeth Adam

Other key lawyers:

Yves Prussen; Isabelle Gervais; Nadège Le Gouellec


The tax team is technically excellent but excels at finding creative structural solutions to commercial issues.’

They have very good knowledge of tax and legal matters which allows us to provide effective advice to the client and provide them with judicious suggestions for the files being processed.’

‘Elisabeth Adam is my go-to. She is extremely responsive and commercial, backed by technical excellence.’

‘Elisabeth Adam is very knowledgeable and has a great ability to adapt to different requirements. Communication is fluid and she has great attention to detail.’

Key clients

ArcelorMittal Luxembourg S.à.r.l

Luxempart S.A.

Hamilton Lane Advisors LLC

Tikehau Capital

Codic International

Banque Havilland

Intelsat SA

Kronos Management Luxembourg

Jetfly Aviation S.A.

AMC Capital IV

Irish Life Investment Managers Limited (ILIM)

Pollen Street Capital

Work highlights

  • Advises Codic International SA on its acquisition from Nextensa NV/SA of GK5 S.à r.l., a Luxembourg company which owns the Titanium site in the newly developed Cloche d’Or district of the city of Luxembourg, and the financing of such acquisition.
  • Advises ArcelorMittal S.A. on an ongoing basis on the tax aspects of various transactions, notably internal reorganisations or real estate development projects.
  • Recently pleaded an important VAT case in front of the European Court of Justice.

Loyens & Loeff

The ‘very professional and knowledgeable’ team at Loyens & Loeff provides ‘high-quality’ advice to clients on a standalone basis, as well as in the context of tax structuring pursuant to transactions handled by the firm. As well as handling fee-earning work, many practitioners within the team are members of tax committees and industry groups, ensuring they have excellent market intelligence and therefore the ability to provide ‘practical insights’ in light of legislative/regulatory changes. The investment management sector remains a fertile source of work, in relation to both tax structuring of fund vehicles and subsequent downstream transactions. Willem Bon has a strong grounding in fund-related work, which forms part of his overarching cross-border tax expertise that also relates to private client and corporate work. The ‘very knowledgeable and articulate’ Peter Adriaansen also excels at private client work, as well as regularly providing tax advice to large multinational corporates based in Luxembourg. Peter Moons, who co-heads the team alongside Adriaansen, has a versatile practice that encompasses transfer pricing advice, transactional structuring (including within the private equity and real estate sectors) and litigation. Frank van Kuijk is on secondment to the firm's New York office, while Jochem van der Wal relocated to the Amsterdam office in 2022.

Practice head(s):

Peter Adriaansen; Peter Moons

Other key lawyers:

Willem Bon; Pierre-Antoine Klethi; Kévin Emeraux; Aline Nunes; Tom Hamen; Christine Beernaerts; Dominique Afink; Karin Finne; Philippe Hoffmann; Kheira Mebrek; Sabrina Million; Menno Maat; Megane Lindecker


‘They always have practical insights and send us personalised newsletters with the upcoming changes in the local and international tax legislation which would have a direct impact on our activity, underlying how it might affect us.’

‘The excellent team is very well prepared, responsive, practical and even anticipates and informs us about legislative changes that might have direct impact on our activity.’

The team is very professional and knowledgeable of the topics they assist us with. They are very flexible in analysing topics from different angles trying to put themselves in our shoes and they understand very well our business, our risk profile and our strategies.’

Peter Adriaansen is very knowledgeable and articulate.’

Key clients

Euroclear Investments S.A


Rosy Blue


The Rohatyn Group


MML Capital

Amgen Inc

Work highlights

  • Advised Euroclear Investments on all Luxembourg and Belgium tax aspects of the transfer of its place of effective management and registered office from Luxembourg to Belgium.
  • Advised BlackRock on all tax aspects related to the issuance of sukuk certificates and the establishment of a global medium-term note programme.
  • Advised Rosy Blue (one of the world’s leading diamond companies) on all tax aspects related to the refinancing of its inventory and trade receivables securitisation programme.


Noted for its ability to provide ‘commercial and cost-effective advice’ across a broad range of direct and indirect tax matters, boutique independent firm TS&P has quickly gained traction directly from funds, banks, corporates and high-net-worth individuals, as well as from international referring law firms that lack a presence in the country. ‘Brilliant’ team head André Pesch is ‘highly adept at finding simple solutions to complex problems’, including for standalone regulatory matters and structuring pursuant to fund formation, as well as finance transactions, including sophisticated structured products. On the indirect tax front, François Antoine is recognised as ‘a great VAT expert’, particularly as it relates to funds and financial institutions. Other recommended practitioners include Carlos Morales Ribas for transfer pricing matters, and Arnaud Lebrave for private equity and real estate tax structuring.

Practice head(s):

André Pesch

Other key lawyers:

François Antoine; Romain Jacques; Arnaud Lebrave; Emilie Mattos; Carlos Morales Ribas; Juliette Zielinski-Vogt; Léna Breuille; Laurent Gengler


They provide commercial and cost-effective advice.’

‘The TS&P team are a distillation of the finest talent. They are responsive, thoughtful and technically excellent.’

‘André Pesch is fantastic and gives clear, concise advise which accommodates all technical and commercial considerations.’

‘The outstanding André Pesch is very knowledgeable, proactive, and solutions oriented.’

André Pesch is a brilliant lawyer. He is very smart, highly adept at finding simple solutions to complex problems and a real pleasure to work with.’

‘François Antoine is a great VAT expert, especially in the financial sector. He also has great expertise in VAT litigation, which is not common in the Luxembourg tax market.’

Charles Russell Speechlys

Although it continues to pick up a growing volume of work structuring investment platforms and advising on downstream transactions for asset management firms, the ‘super-agile and practical’ team at Charles Russell Speechlys remains best-known for its tax advisory and structuring work in the context of private/family capital. Here the team, which is headed by the ‘insightful and experienced’ Yacine Diallo, impresses with its ability to ‘innovate and provide tailor-made solutions’ and to navigate complex dynamics associated with business families and succession planning. The ‘outstanding’ Alexis Urbin-Choffray is also recommended for handling private wealth and fund structuring, as well as providing ‘strategic and pragmatic’ assistance with compliance in line with regulatory/legislative changes.

Practice head(s):

Yacine Diallo

Other key lawyers:

Alexis Urbin-Choffray


‘The tax team is super agile and practical in the way they provide advice ’

‘Their modern and efficient approach to tax advisory is unmatched, transforming complexities into clear, actionable strategies.’

‘They consistently demonstrated a very high level of service quality and a remarkable ability to innovate and provide tailor-made solutions.

‘Yacine Diallo is an insightful and experienced practitioner with strong international tax technical knowledge. Yacine demonstrates excellent knowledge of the evolving Luxembourg and international tax regulations/trends.’

‘Yacine Diallo is a unique lawyer. On a human level, he’s pleasant, empathetic and always smiling. From a professional point of view, he is direct to the solution, with measured and enlightened advice, and above all with technical expertise in cross-border operations, whether from Europe to the US, the Middle East or Africa. A global expert in international deal structuring.’

‘Alexis Urbin-Choffray is an outstanding and responsive lawyer. Not only is he clearly very knowledgeable about international and domestic tax issues but he is also able to provide strategic and pragmatic assistance.’

Key clients

Battery Ventures

MNK Capital


Stoneview Capital

Work highlights

  • Advised Battery Ventures on its exit from Qognify, a New York based provider of physical-security and incident-management software.
  • Advised MNK Capital on the structuring of a US-based investment hospitality platform together with a European leader in the hospitality sector.
  • Advised Stoneview Capital on a major real estate investment project on the Iberian market.


Drawing upon ‘extensive knowledge and experience in international tax law’, CMS excels in providing the tax structuring associated with cross-border transactions, where it frequently teams up with lawyers across its extensive international network to provide a very co-ordinated and collaborative service. Team head Frédéric Feytenthinks outside of the box and always provides client-friendly and pragmatic solutions’, including on behalf of corporates and funds on cross-border M&A mandates and reorganisations. Recognised for his ‘unwavering dedication to his clients’ best interests’, senior counsel Alejandro Dominguez is also an integral part of the team and exhibits ‘a deep understanding of  Luxembourg law and its complexities’.

Practice head(s):

Frédéric Feyten

Other key lawyers:

Alejandro Dominguez


‘All team members are highly knowledgeable, very professional and responsive.’

Their extensive knowledge and experience in international tax law has been instrumental in successfully resolving complex legal and tax issues. They exhibit excellent analytical skills, attention to detail, and have an ability to think critically, which greatly contributes to their effectiveness as tax lawyers.’

‘CMS’ teams work in a very co-ordinated way, in a way that the client feels your matters are being handled in a very professional and technical way.’

‘Frédéric Feyten’s knowledge of tax structures and adaptability to each case is second to none.’

‘Frédéric Feyten is extremely efficient, thinks outside of the box and always provides client-friendly and pragmatic solutions.’

The exceptional Alejandro Dominguez has a deep understanding of Luxembourg law and its complexities.’ 

Alejandro Dominguez has an unwavering dedication to his clients’ best interests. He demonstrates genuine empathy and understanding of our needs and concerns, and he works tirelessly to provide us with the best legal/tax representation possible.’

Key clients

Kindred Capital

CA Indosuez

Cryptix AG

Syntaxis Capital

Ekistics Property Advisors


Davidson Kempner Partners

Aquila Capital


Tristan Capital Partners

Arcano Partners


Goldman Sachs

Work highlights

  • Advised Verdion on the sale of UPS’s Czech headquarters and principal logistics hub to Safichem Invest.
  • Advised the Swiss Life fund on the acquisition of the Duet development in Manchester from the Moorfield Group managed Moorfield Real Estate Fund (MREF) IV fund for £73.9m (€86m).
  • Advised Blue Elephant Energy AG and its shareholders on the sale of a majority stake to Antin Infrastructure Partners.


Leveraging ‘good knowledge of the Luxembourg tax laws both in theory and in practice’, Dentons provides ‘highly responsive and pragmatic’ advice across a broad range of direct and indirect tax issues including transfer pricing and tax compliance. A core element of the practice remains structuring cross-border platforms for investments in private equity and real estate, an area in which team head Jean-Luc Fisch is particularly adept. In this context, clients also benefit from the team’s ability to work in a co-ordinated fashion with lawyers from across the firm’s huge global network. Counsel Vincent Quittre also has an ‘excellent knowledge of Luxembourg’s tax environment’, enabling him to provide very effective advice on the establishment of Luxembourg investment platforms, as well as handle work for HNWIs on the structuring of their private wealth.

Practice head(s):

Jean-Luc Fisch

Other key lawyers:

Romain Baroan; Vincent Quittre; Alexandre Michorczyk


‘The team is highly responsive and pragmatic in its approach. They are always on the lookout for solutions that are both satisfactory and achievable for their clients.’

‘Good knowledge of the Luxembourg tax laws both in theory and in practice. Excellent (quick) service in assisting with questions raised.’

‘Jean-Luc Fisch provides pragmatic solutions and client-oriented advice.’

‘Jean-Luc Fisch’s experience in the field and market is an asset to be able to draw upon.’

‘Vincent Quittre has an excellent knowledge of Luxembourg’s tax environment.’

Vincent Quittre is sharp, reactive and available 24/7.’

Key clients

The UK Foreign Commonwealth and Development Office (FCDO)

Compass Datacenters

Islamic Development Bank

Slate Asset Management

Nepi Rockcastle

Work highlights

  • In the framework of FCDO’s flagship MOBILIST program, the firm advised FCDO on its anticipated subscription into a climate-focused and Africa-dedicated private equity fund.
  • Advised Slate Asset Management, a global alternative investment platform targeting real assets, on the financing to Move About Group, a Swedish electric mobility service.
  • Advised the Islamic Development Bank on the issuance of $2bn trust certificates under its $25bn trust certificate issuance programme.

DLA Piper Luxembourg

Since DLA Piper Luxembourg‘s tax team was established in 2019 by Jacques Wantz, it has quickly gained market traction among funds in particular, which are appreciative of its ability to effectively collaborate with lawyers across its international network and provide a one-stop-shop service on multi-jurisdictional structuring. Wantz is now international head of tax at the firm, with Luis Muñoz, who is ‘focused on building long-term relationships with his clients’, responsible for leading the Luxembourg tax offering.

Practice head(s):

Luis Muñoz

Other key lawyers:

Jacques Wantz; Emre Akan


‘I have worked with DLA Piper in several projects regarding international taxation, transfer pricing, M&A and corporate restructuring. The firm is very easy to work with. They quickly understand their client’s culture and where they want to get to in a deal.’

‘Luis Muñoz is always available, with quick and effective solutions. DLA Piper’s team is also very collaborative, regardless of who is working with them alongside the table.’ 

‘Luis Muñoz stands out from his peers in Luxembourg as he is focused on building long-term relationships with his clients. He is always available, with quick and effective solutions.’

Key clients

Adams Street Partners

Athora Lebensversicherung

BMI Group

DTZ Investors

EIG Global Energy Partners

Elliott Management Corporation



Harbert Management Corporation

Harrison Street


Mezzanine Management

Mojo Capital

Novaxia Investissement



Play Communications

Radian Investment Management

Aviva Investors

3R Petroleum

Work highlights

  • Advising Generali Investments Luxembourg on the structuring, implementation and launch of a Luxembourg multi-compartment investment platform.
  • Tax advice to EIG Global Energy Partners on the €4.8bn acquisition of a 25% interest in Repsol Upstream.
  • Advising PetroRio on the acquisition of Dommo Energia SA, formerly known as OGX Petroleo e Gas SA.

Eversheds Sutherland (Luxembourg) LLP

The arrival in September 2021 of the ‘outstanding’ Rafael Moll de Alba from Charles Russell Speechlys has galvanised Eversheds Sutherland (Luxembourg) LLP‘s tax team, particularly in light of his ‘deep knowledge of the fund industry, tax and regulatory legislation and practical approach’. Since joining, Moll de Alba has effectively leveraged the firm’s impressive global network to good effect on cross-border mandates, and has also led to the firm picking up more work with an Iberian and Latin American nexus, including advising on the tax considerations of Spanish corporates looking to establish in Luxembourg.

Practice head(s):

Rafael Moll de Alba

Other key lawyers:

Myrto Archontaki


‘The team is very competent and has an ability to co-ordinate different areas and jurisdictions.’

‘Responsive, deep technical-legal knowledge, business-oriented advice and reasonable prices.’

‘Rafael Moll de Alba is an excellent professional with an extensive background in tax combining different jurisdictions and with a huge knowledge in LatAm.’

‘Rafael Moll de Alba has in-depth knowledge of the needs of Spanish groups established or considering setting up in Luxembourg.’

‘Rafael Moll de Alba is an outstanding professional who perfectly combines a deep knowledge of the fund industry, tax and regulatory legislation and practical approach. Unbeatable.’

Key clients

Sprecher Berrier ME (FZE)

NextEnergy Capital Limited

Nuveen Real Estate


Middle East Venture Partners

OEL Fund Services SARL


Deutsche Bank, Sociedad Anonima Espanola

Blossom Capital S.à r.l.

Banque de Patrimoines Privés

Blockchain Strategies Fund SCSp


Leveraging ‘an excellent depth and breadth of expertise’, including on corporate, finance and funds matters, Linklaters‘ small tax team, which is led by Joakim-Antoine Charvet, excels in providing ‘well-rounded advice’ on the Luxembourg structures to facilitate M&A and other transactional work handled by the firm. Danièle Buchler, who was promoted to partner in May 2023, and Cyrielle Nis are ‘excellent tax advisers regarding Luxembourg private equity structuring and deals’.

Practice head(s):

Joakim-Antoine Charvet

Other key lawyers:

Guido De Wit; Danièle Buchler; Adrien Piron; Cyrielle Nis


‘They have an excellent depth and breadth of expertise across various areas of the law (tax, corporate etc) leading to well-rounded advice and better and more complete solutions.’

‘The team is responsive, pragmatic and commercial in its approach.’

‘Joakim-Antoine Charvet is easily reachable for questions and his team provides a quick turnaround on tasks.’

Danièle Buchler and Cyrielle Nis are excellent tax advisers regarding Luxembourg private equity structuring and deals.’

‘Cyrielle Nis is responsive, professional and collaborative.’

Key clients

EQT Exeter

Triton Investment Management

Antin Infrastructure Partners

Moolec Science Limited

Deutsche Beteiligungs AG

Deutsche Börse



Stoneshield Capital


Work highlights

  • Advising Antin Infrastructure Partners on the formation of a joint venture vehicle with Scandinavian Enviro Systems and the support of Michelin.
  • Advising Moolec Science Ltd during its business combination with LightJump Acquisition Corp, a publicly traded special purpose acquisition company (SPAC), as a result of which a newly formed Luxembourg holding company of the combined entity was listed on the Nasdaq.
  • Advising Deutsche Börse on the reorganisation of the Investment Fund Services business of Clearstream in order to create a standalone Luxembourg investment funds ecosystem supporting the entire service chain and life cycle with respect to interests in funds.


The ‘technically excellent, responsive and very user-friendly’ team at NautaDutilh provides domestic and international tax law advice primarily in the context of alternative fund structuring, as well as in the subsequent downstream transactional work. In this regard, team head Jean-Marc Groelly is appreciated for his ability to ‘structure investments in a tax-efficient manner but without over-complicating things’. ‘Fiercely intelligent and very personable’ counsel Audrey Derep is also a key member of the team, both for transactional structuring work as well as on standalone advisory and transfer pricing matters.

Practice head(s):

Jean-Marc Groelly

Other key lawyers:

Audrey Derep; Isabelle Absalon


‘The team is knowledgeable and eager to help no matter the topic.’

‘The team is technically excellent, responsive and very user friendly.’

‘Jean-Marc Groelly picks up new deals and gets to the nuts and bolts in seconds. He helps me structure our investments in a tax-efficient manner but without over-complicating things, and it’s value for money.’

‘Audrey Derep is inspirational. She is fiercely intelligent and very personable.’

Key clients

RiverRock European Capital Partners

Accelero Capital

Ara Venn

Horizon Equity Partners

SAF-Holland SE

Schwarz Group


Work highlights

  • Assisted major investment funds, including Hayfin, Angelo Gordon, Arcmont, Cross Ocean, BofA, HSBC and Barclays, with the restructuring of their debt investment in Covis Pharma, a global speciality pharmaceutical company.
  • Assisted Edmond de Rothschild Real Estate Investment Management on the setup in Luxembourg of an intra-group Euro-denominated bond issuance platform, funded by its Luxembourg alternative investment fund, and the listing of the bonds issued by the platform.

Norton Rose Fulbright

Norton Rose Fulbright provides ‘cost-effective and commercial advice’ to standalone clients, including HNWIs, across a range of matters, as well as in support of the firm’s funds, corporate and finance practices on the tax structuring to facilitate cross-border transactions. Team head Florent Trouiller has ‘strong technical knowledge and an excellent grasp of best practices within the market’, ensuring he is able to provide very effective advice including on cross-border private equity and real estate investments, as well as capital markets and structured finance mandates. ‘Very knowledgeable and dedicated’ counsel Raphaële Kamoun is also recommended for structuring advice traversing real estate, private equity/venture capital and banking.

Practice head(s):

Florent Trouiller

Other key lawyers:

Raphaële Kamoun


‘The team provides cost-effective and commercial advice.’

‘Their network, their ability to introduce other partners from other practices (investment funds, real estate), their client centricity and the bespoke approach they have.’

‘Florent Trouiller has strong technical knowledge and an excellent grasp of best practices within the market. He remains permanently involved and I value his responsiveness and well-thought-out ideas.’

‘Florent Trouiller and Raphaele Kamoun are both very kind, knowledgeable and very responsive tax professionals. Their attendance to key local and international governing bodies makes them very knowledgeable of their sector as well.’

Raphaële Kamoun is very knowledgeable and dedicated.’

Key clients


Appian Capital Advisory LLP (UK)

Brookfield Asset Management

Cedar Oxygen

Citigroup Inc.


AG2R La Mondiale

LFIS Capital

National Bank of Canada

Deutsche Finance International

Oxus Development Network

Province of British Columbia

The Hokus Platform S.à r.l.

Tristan Capital Partners

Handicap International Luxembourg

Work highlights

  • Advising Oxus Development Network on tax and transfer pricing work.


Combining ‘technical and industry knowledge with a practical approach from a business perspective’, Stibbe has particular strength at advising on international taxation matters, including in the context of fund structuring, M&A activity and financing – where it often collaborates with its network of offices on Benelux mandates. ‘Brilliant‘ team head Johan Léonard is key to the firm’s tax structuring work, including in the private equity field and on large-scale restructurings. He also has ‘great insight on market practice and trends‘, including on the taxation of crypto assets.

Practice head(s):

Johan Léonard

Other key lawyers:

Anais Bracqbien; Christophe Martin-Raynaud


‘The team provides high-quality Luxembourg tax law advice across a broad range of relevant matters and combines great technical and industry knowledge with a practical approach from a business perspective.’

‘They have good knowledge of Luxembourg tax law and are very technical in their analysis.’

‘Very knowledgeable of international taxation matters, very solid track record. Great communication with clients and fellow practitioners.’

‘Johan Léonard is a brilliant tax practitioner.’

‘Johan Léonard is an outstanding Luxembourg tax lawyer with excellent technical and practical expertise and a great understanding of complex tax issues. He is able to assist in a pragmatic and efficient way without compromising on technical quality.’

‘Johan Léonard is an exceptional tax partner, with very solid international tax experience but also great insight on market practice and trends.’

Key clients

Arcade Beauty Group

Mubadala Capital

Ginkgo Advisor


Edmond de Rothschild Private Equity

Work highlights

  • Advised the Arcade Beauty group on its global debt restructuring and recapitalisation.
  • Advised a client on the setup of the holding structure of a LFP lithium-ion giga-factory.
  • Advised a fashion multinational on its contemplated pan-European restructuring.


AKD provides 'clear and concise advice and support' to investment fund clients in particular, across the life cycle of their work, from establishment and ongoing compliance through to downstream investment matters. The 'outstanding' Ayzo Van Eysinga and 'level-headed' Rutger Zaal co-head the team and are particularly accomplished at handling private equity and real estate matters.

Practice head(s):

Ayzo van Eysinga; Rutger Zaal

Other key lawyers:

Stéphanie Viot


‘The team provides clear and concise advice and support. This is all provided in a very commercial manner.’

‘AKD Luxembourg is a well-integrated team of lawyers that not only provides excellent advice but that gives the client the feeling of being understood. The team strives to understand the entrepreneurial aspects of the clients’ requests and is often instrumental in identifying and implementing structural solutions.’

AKD Luxembourg is able and willing to provide small to mid size clients with the same kind of attention as large corporate clients.’

‘Ayzo van Eysinga is an outstanding lawyer and entrepreneur who commits himself personally to achieving the clients’ objectives while always being friendly, constructive and good for a laugh even after long negotiations.’

‘Rutger Zaal is the rock in the storm, staying level headed and providing excellent tax advice.’

Key clients

The Alberta Investment Management Corporation (AIMCo)

Peakside Capital advisors

ARB Advisors








Partners Group

Neuberger Berman



Schroders Adveq


Bonn & Schmitt

Co-headed by Stéphane Ebel and Anne Selbert, Bonn & Schmitt is active across a range of tax structuring work, including in support of private equity-led M&A as well as on standalone advisory matters. Ebel has strengthened the firm's tax controversy practice since joining in 2022 and regularly represents funds and corporates in direct and indirect tax matters, as well as handling administrative tax disputes.

Practice head(s):

Stéphane Ebel; Anne Selbert

Dechert Luxembourg

At Dechert Luxembourg, team head Olivier Gaston-Braud  has 'excellent knowledge of the funds industry', skillfully using this to 'devise practical solutions' for firmwide alternative fund clients (including private equity firms, credit funds and hedge funds) on the tax aspects of their Luxembourg structures.

Practice head(s):

Olivier Gaston-Braud


‘Dechert’s tax team provides a comprehensive review on subjects with detailed analysis and real examples.’

‘Olivier Gaston-Braud is an experienced tax professional with extensive knowledge. On top of his deep technical knowledge, he has great communication skills.’

‘Olivier Gaston-Braud has excellent knowledge of the funds industry and skillfully uses this to devise practical solutions for clients. He is also very personable and easy to deal with.’

Key clients

Stepstone Group LLP

Groupe Rossel

Maguar Capital

Itàu Asset Management

Work highlights

  • Advised Stepstone Group LLP and its subsidiary Swiss Capital on the establishment and closing of funds and compartments of a lending platform.
  • Advised Groupe Rossel on the joint acquisition of 100% of the shares of the leading Belgian French-speaking TV and radio group RTL Belgium.
  • Advised Maguar Capital and affiliates on the sale of portfolio company HRworks Holding GmbH to a newly established continuation vehicle, Maguar Continuation Fund I.

DSM Avocats à la Cour

At DSM Avocats à la Cour, Alex Pham is 'a fine strategist when it comes to tax litigation', regularly securing high-profile victories for HNWIs, corporates and funds in hearings before the civil and administrative courts. In addition, Pham also handles some corporate structuring work and is 'highly skilled in providing tax advice on cross-border transactions'. 

Practice head(s):

Mario Di Stefano

Other key lawyers:

Alex Pham


‘They provide top-level tax advice, but they are also seasoned tax litigators, which is an asset in the Luxembourg new tax environment. Therefore, when necessary, the tax team is qualified to represent clients before all European and Luxembourg administrative and civil courts. They successfully defend clients in landmark cases creating precedents.’

‘Alex Pham is a fine strategist when it comes to tax litigation and highly skilled in providing tax advice on cross-border transactions. He listens to the clients’ needs and is up-to-date with market trends and regulations.’

Key clients


Wagner Group

Work highlights

  • Successfully represented C2Pharma, a Luxembourg healthcare/pharmaceutical company, in a high-stakes tax litigation, securing the deduction of almost €50m in professional expenses and imposing fines on the Luxembourg tax authorities.
  • Provided tax structuring advice for the sale of 85% of European Data Hub’s shares to a European investment fund, achieving significant tax savings in this cross-border transaction.
  • Successfully defended a real estate developer against accusations of fraud and tax evasion by the Luxembourg VAT authorities and contested the refusal of input VAT deductibility.


Led by Bastien Voisin, Goodwin's tax team acts on its own, as well as regularly working alongside practitioners across the firm's more well-established US and UK offices, on Luxembourg structuring issues associated with the firm's impressive roster of global private funds deploying capital throughout Europe.

Practice head(s):

Bastien Voisin


‘They are very strong on fund establishments and in all the related legal and tax aspects.’

Key clients

Macquarie Green Investment Group

Intermediate Capital Group

Bregal Unternehmerkapital

G Squared

NBD Ventures


Neuberger Berman


LGT Capital Partners

American Postal Infrastructure


Glennmont Partners (Nuveen)

TA Associates


Kennedy Wilson

Work highlights

  • Advising ICG on the tax aspects of the structuring and fundraising of ICG’s eighth European Corporate fund.
  • Advised Neuberger Berman on the tax aspects of its fifth global private equity secondary fund, NB Secondary Opportunities Fund V LP. SOF V closed at $4.9bn.
  • Advised Prime Group Holdings, LLC on the tax aspects of the successful closing of its third flagship self-storage fund, Prime Storage Fund III.

GSK Stockmann

Acting on its own as well as often collaborating with lawyers spread across the firm's German offices, GSK Stockmann provides 'pragmatic advice' to investment management, financial services and real estate clients across a range of tax advisory and structuring matters. Team head Mathilde Ostertag has 'wide cross-border tax knowledge' and is 'very skilled and practical in her approach'. 

Practice head(s):

Mathilde Ostertag

Other key lawyers:

Katharina Schiffmann


The firm provides pragmatic advice.’

‘Mathilde Ostertag is excellent and has wide cross-border tax knowledge.’

‘Mathilde Ostertag is very skilled and practical in her approach.’

Key clients

Universal Investment Group

Falcon Group

Channel Finance S.A.

Work highlights

  • Advising Fosun Capital with view to the setup of a new investment fund in Luxembourg.
  • Ongoing Luxembourg tax adviser for the securitisation structures of Universal Investment.
  • Advised Channel Finance S.A. on both direct and indirect international tax matters in relation to a complex, high-profile transaction.

Hogan Lovells (Luxembourg) LLP

Hogan Lovells (Luxembourg) LLP's small team has 'profound knowledge of tax matters' and excels at handling cross-border structuring matters, where it often forms part of a cross-office and multi-disciplinary offering. Team head Gérard Neiens is 'results oriented' and excels at tax structuring work in relation to real estate transactions as well as securitisation and structured products.

Practice head(s):

Gérard Neiens

Other key lawyers:

Jean-Philippe Monmousseau


‘The team has profound knowledge of tax matters which is extremely helpful in the real estate sector for cross-border transactions combined with non-Luxembourg-based funds investors.’

‘Gerard Neiens provides a results-oriented service.’

Key clients

RiverRock European Capital Partners LLP



Intesa Sanpaolo

M&G / Infracapital



UniCredit Bank AG



Work highlights

  • Advised Timberland Investment Resources Europe on the setup of its third Luxembourg fund, an Article 9 fund investing in forestry and timber.
  • Advised RiverRock European Capital Partners LLP on its acquisition of a minority stake in Pinhal Interior sub-concession, a Portuguese availability and inflation protected PPP road.
  • Advised Enpal on securitisation of solar loan receivables of up to €356m for the first German residential solar ABS.


Previously known as LexField before its June 2023 merge and February 2024 rebrand, Mourant‘s Luxembourg team leverages ‘excellent knowledge of local laws and international developments’ to provide ‘dynamic and responsive’ advice to clients across a range of compliance, structuring and international tax planning. ‘Formidable’ team head Pierre-Yves Magerotte leads from the front and is particularly accomplished at advising on private equity fund structuring matters, as well as working for HNWIs on wealth management matters.

Practice head(s):

Pierre-Yves Magerotte

Other key lawyers:

Eleonore Galleron


‘The team is dynamic and responsive. They are experts and provide intelligent advice.’

‘They stand out for their unwavering commitment to efficient and effective legal solutions. Their team is known for their positive and pragmatic approach, which not only expedites the legal process but also ensures clients receive practical, actionable advice.’

‘Excellent knowledge of local laws and international developments.’

Key clients


Aldgate Development

Helios Investment Partners

KSL Capital Partners

Hostimentum S.A.

Fabrique d’Image S.A.

Montagne Neige et Développement


Work highlights

  • Advised Montagne Neige Développement (MND) on the tax and corporate aspects of its joint venture with Cheyne Capital.
  • Advised a South Korea-based investment firm on the refinancing of a UK real estate holding structure.
  • Advised a French-based investment firm on the sale of a telecommunication operating company to a third party.

Simmons & Simmons in Luxembourg

Simmons & Simmons in Luxembourg has expertise across direct and indirect tax matters, regularly working alongside the firm’s capital markets and investment management offering on the tax structuring associated with fund establishment and with transactions. ‘Outstanding’ team head Julie Carbiener has ‘vast experience on cross-border M&A transactions in the real estate sector’, as well as representing property clients in VAT disputes. Former practice head Pierre-Régis Dukmedjian departed the firm.

Practice head(s):

Julie Carbiener

Other key lawyers:

Camille Bénézet


‘The outstanding Julie Carbiener has vast experience on cross-border M&A transactions in the real estate sector.’

Key clients

Morgan Stanley


Standard Chartered Bank


Legal and General Investment Management


Quaero Capital

Banco Bilbao Vizcaya Argentaria

Leadcrest Capital Partners

Global Jet Capital

Work highlights

  • Assisting a pan-European service provider in the realisation of a tax due diligence in view of the acquisition of a third-party entity and the subsequent negotiation of the related share purchase agreement and shareholder’s agreement from a Luxembourg tax perspective.
  • Ongoing assistance to a leading US-headquartered global financial services business regarding the Luxembourg tax treatment of envisaged trades for some of its existing Luxembourg securitisation vehicles.
  • Providing a well-known Australian infrastructure fund with assistance on the negotiation of a financing arrangement concluded for the acquisition of pharmacy bonds through Luxembourg securitisation vehicles.


Strelia‘s small practice handles a varied mix of work for corporates and funds, including advice on M&A structuring, the establishment of offices in Luxembourg and group reorganisations. ‘Outstanding’ team head Jean-Luc Dascotte handles much of this work and also provides ‘pragmatic and high-quality’ advice to HNWIs/family offices across a range of tax planning, transactional and advisory work. Former co-practice head Stanislas Bunetel moved to an in-house role.

Practice head(s):

Jean-Luc Dascotte

Other key lawyers:

Sofia Minzatu


‘The outstanding Jean-Luc Dascotte is very responsive and renders pragmatic and high-quality advice without any fuss or unnecessary information. He has a good overview of the market and its developments.’

Key clients




Bronze Properties




Nucleus Life AG

Project Rapid

Transition Capital Partners

ContourGlobal Italy

Work highlights

  • Advising Czech artificial intelligence software developer Rossum on its tax compliance as a branch and all aspects of its use of remote workforce.
  • Advised one of the leading European shipping players, Sogestran, on the Luxembourg aspects of its reorganisation pursuant to a complex tax audit in France.
  • Advised Zurich-based, green-tech focused management company Susi Partners AG on the tax and non-tax aspects of the setup of an investment fund in Luxembourg and on a cross-border acquisition of underlying investments.