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The Luxembourg government has introduced a new bill of law (bill of law 7426 (the Bill)) establishing transitional measures for investment funds in the context of the withdrawal

On 25 January 2019, the CSSF published a Press Release 19/05 on the delegation of investment management/portfolio management and/or risk management activities to undertakings in the United Kingdom ...

UK nationals who have been legally living in Luxembourg before December 31, 2020 when the UK withdraws from the EU may continue to live, study, and work in Luxembourg...

The Law of 14 September 2018 on a transparent and open administration ("the Law"), gives any person the right to obtain access to a document held by the ...

A no-deal Brexit would entail that the restrictions on transfers of personal data to third countries set out in the GDPR will apply.

At midnight tonight Luxembourg time, the United Kingdom will leave the European Union. For business in the EU and the UK, nothing will change during 2020

On 28 March 2019, the Chamber of Deputies passed a law that grants investment funds a one-year delay in which to solve breaches of investment rules and EU passporting issues ...

In 2019, Luxembourg introduced a new public holiday on 9 May to celebrate Europe Day, bringing the number of public holidays to 11.

How are the assets and liabilities of banks typically transferred in your jurisdiction?

Consistent with other Euro-area banks following the 2008 financial crisis, customer deposits represent the single largest source of funding.

Following the publication of Luxembourg laws of 8 April 2019[1] (see our previous briefing here), the Luxembourg Financial Sector Supervisory Authority (CSSF)...

On 30 March 2020, the Luxembourg government issued a draft law (the "Draft Law"), which should be applicable as of 1 January 2021, introducing new rules on the limitation of the deduction of...

This month the Commission de Surveillance du Secteur Financier issued two press releases in relation to Brexit.

The next social elections will be held on 12th March 2024. We would like to take this opportunity to remind you about the rules concerning this ballot, which is subject to a long and rigorous procedure.

In contrast to bill of law 7401, the Bill of Law 7426 will take effect irrespective of whether there is a 'hard', 'soft' or "no-deal" Brexit.

On 15 July 2019, the CSSF published two press releases (19/33 and 19/34) directed at (i) UK firms and (ii) UCITS management companies and AIFMs, clarifying actions to be taken by UK entities

The CSSF issued a press release to alternative investment managers authorised in accordance with AIFMD in the United Kingdom and managing Luxembourg AIFs.