Luxembourg authorities have discontinued a criminal investigation into potential EU sanctions violations by Spacety Luxembourg SA, a Chinese satellite firm that was subsequently placed into liquidation. The case was closed after mutual legal assistance requests were made, though details about the responses and recipient countries remain unclear.

Luxembourg's Finance Ministry has launched an investigation into former Gazprombank Luxembourg managers over allegations of sanctions circumvention and potential insider trading. The probe centers on a sophisticated bond-trading scheme that allegedly exploited EU sanctions through transactions between Luxembourg and Russia.

Luxembourg's financial services regulator, the CSSF, has issued a fine of €214,000 against Alipay (Europe) Limited SA for various AML and other compliance failings.

Based on his long experience as minister of justice and minister of finance of Luxembourg, Luc Frieden analyses the legal and political consequences of article 50 of the Treaty on European Union.

It is being reported that a number of government ministers in Luxembourg have filed a criminal complaint with the Public Prosecutor's Office. The complaint was filed against Spacety Luxembourg...

Luxembourg's financial services regulator, the CSSF, has issued a fine against Rakuten Bank SA for various compliance failings including sanctions and AML.

A fine imposed by Luxembourg's financial services regulator on the Luxembourg subsidiary of the Allianz Group has become public after a court dismissed an appeal.

The China Law & Practice Annual Review is a fully bilingual guide providing our extensive readership in the domestic and international commercial legal community.

In accordance with the new Luxembourg Law dated 21 December 2012 transposing the Omnibus I – Directive 2010/78/EU, investment advisors for specialised investment funds and UCIs do no longer benefit from an exemption under the Financial Sector Law of 5 April 1993.

n 23 March 2018, the European Council approved the text of the Draft Agreement on the UK's withdrawal from the EU as proposed by the Commission on 19 March 2018 ("Withdrawal Agreement ").

The Grand Duchy of Luxembourg recently received a positive evaluation in the 4th mutual evaluation report conducted by the Financial Action Task Force (FATF) and published on September 27, 2023.

In a Grand Chamber judgment of 21 December 2021 in preliminary ruling case Bank Melli Iran v Telekom Deutschland GmbH.

On 16 May 2017, the Court of Justice of the European Union ("ECJ") delivered its long- awaited judgment in the Berlioz case regarding the compliance of the Luxembourg Laws of 29 March 2013...

On 13 December 2023, the European Commission adopted two regulations amending the rules on de minimis state aid ("Regulations"), i.e. state aid that does not have to be notified to the Commission...

On 16 May 2017, the CJEU, in a rare full court composition, delivered its Opinion in Case 2/15 on the extent of the Union's exclusive competence to negotiate free trade agreements.

Loyens & Loeff New York regularly posts ‘Snippets' on a range of EU tax and legal topics.

Following recent developments in European regulatory and customs legislation, this update discusses three developments and their relevance to the automotive sector...

On 6 November 2019, the EU and China concluded the negotiations on a bilateral agreement to protect 100 European geographical indications...

According to Article 4 b) of Commissariat aux Assurances (CAA) Regulation No 15/03 of 7 December 2015 on insurance and reinsurance undertakings, as amended, Luxembourg insurance companies...

Any extension to all sectors of the economy would give rise to distortions of competition.