The Legal 500

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VERTIGO POLARIS BUILDING, 2-4 RUE EUGÈNE RUPPERT, 2453 LUXEMBOURG
Tel:
Work +352 26 48 421
Fax:
Fax +352 26 48 42 35 00
Email:
Web:
www.mnks.com

Luxembourg

Banking, finance and capital markets
Banking, finance and capital markets - ranked: tier 3

MNKS

At MNKS, Basile Fémelat provides ‘clear analysis on structured finance matters’ and has handled numerous mandates for originators in multimillion-euro securitisation transactions. Katia Scheidecker is also recommended.

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Commercial, corporate and M&A
Commercial, corporate and M&A - ranked: tier 3

MNKS

MNKS’ three-partner team provides ‘sophisticated advice’ to a predominantly US and UK-based client roster. The ‘excellentSaskia Myners excels in handling private equity transactions. Katia Scheidecker and Catherine Baflast are other names to note.

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Dispute resolution
Dispute resolution - ranked: tier 2

MNKS

Led by Cindy Arces and Marielle Stevenot, MNKS regularly handles complex shareholder disputes, investor litigation and contract disputes. Stevenot recently successfully defended a domestic IT company against unfair competition claims brought by a rival company following the recruitment of several employees from that company.

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Employment
Employment - ranked: tier 1

MNKS

At MNKS, the ‘calm and pragmaticMarielle Stevenot excels in handling the employment issues related to outsourcing and restructuring projects. Cindy Arces regularly assists international clients on staffing and day-to-day employment law compliance issues.

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IP and IT
IP and IT - ranked: tier 2

MNKS

Now headed by the ‘responsive and pragmaticAudrey Rustichelli following her arrival in November 2016 from Baker McKenzie, MNKS has been active handling data protection compliance projects for corporates in light of the forthcoming GDPR. Katia Scheidecker also regularly advises on e-commerce and outsourcing matters.

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Investment funds
Investment funds - ranked: tier 4

MNKS

Working closely with corporate, tax and finance practitioners, MNKS has a multi-disciplinary approach to work in the funds sector. Key practitioners include Saskia Myners for private equity work and Basile Fémelat, who is particularly focused on unregulated fund structuring.

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Tax
Tax - ranked: tier 2

MNKS

Increasingly visible in the market’, MNKS provides ‘creative and technical’ tax-efficient structuring advice pertaining to corporate and private equity transactions. The firm regularly works alongside the real estate team on tax structuring matters. Charles Roemers is the primary contact.

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Further information on MNKS

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

Luxembourg

Offices in Luxembourg

Legal Developments by:
MNKS

  • ACCOUNTING ASPECTS

    I. Law of 10 December 2010 relating to the introduction of the International Financial Reporting Standards (IFRS) II. Grand-Ducal Regulation of 14 December 2011 relating to the procedure for filing financial information electronically with the Luxembourg Trade and Companies Register
    - MNKS

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).