Back to 2016 – Forward to 2017
20/12/2016 2016 was a turbulent and 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.
VEGAS LEX, FAS Russia discuss tariff regulation and disputes after Supreme Court plenary adopts Reso
VEGAS LEX and the Council of Power Producers association have held a conference attended by FAS Russia, dedicated to one of the most significant events concerning electricity, heat, gas and water supply, – Resolution No. 63 of the Russian Supreme Court Plenary Session adopted on December 27, 2016.
Societal impact company
15/12/2016 The law of 12 December 2016 (the “Law”) has introduced a new legal framework for companies having a social or societal impact: the société d’impact sociétal (the “SIS”).
Societal impact company
15/12/2016 The law of 12 December 2016 (the “Law”) has introduced a new legal framework for companies having a social or societal impact: the société d’impact sociétal (the “SIS”).
Perfection of the New Market Abuse Regime in Luxembourg
13/12/2016 Today, the Luxembourg Parliament enacted the law (the “New Market Abuse Law”) implementing Directive 2014/57/EU of the European Parliament and of the Council of 16 April 2014 on criminal sanctions for market abuse (market abuse directive), also known as the “Market Abuse Criminal Sanctions Directive” (“Directive 2014/57/EU”) and Commission Implementing Directive (EU) 2015/2392 of …
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OECD adopts multilateral convention to implement BEPS measures
2/12/2016 On 24 November 2016, the Organisation for Economic Cooperation and Development (“OECD”) adopted the multilateral convention composed of the multilateral instrument (“MLI”) and explanatory statements (“ES”). The implementation of the MLI could result in significant changes to the bilateral tax treaties concluded by Luxembourg and may affect amongst other the tax treaty access of …
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AVELLUM Advised Deutsche Beteiligungs AG on Investment in Dieter Braun GmbH
AVELLUM Advised Deutsche Beteiligungs AG on Investment in Dieter Braun GmbH AVELLUM acted as the Ukrainian legal counsel to Deutsche Beteiligungs AG ("DBAG") in connection with the EUR5.9 million investment in Dieter Braun GmbH ("Braun").
Cyprus introduces rules to implement Country by Country reporting requirements
The Cyprus Minister of Finance issued a Decree on 30 December 2016, introducing a mandatory Country by Country (CBC) reporting requirement for multinational enterprise groups generating consolidated annual turnover exceeding €750m (MNE Group).
citizenship by investment programmes
The Cypriot passport ranks among the strongest in the world, as holders are able to travel to 146 countries without a visa, Cyprus Business Mail reports on 29th December 2016…
Baker & Partners Launches Jersey’s First Trust Litigation Text
Baker & Partners has launched Litigating Trust Disputes in Jersey: Law, Procedure & Remedies. This substantial new book is Jersey’s first practitioner text dedicated exclusively to trust litigation in Jersey’s courts.