As EU fund sponsors (EUFS) grow, they often recognise that establishing a fund in Luxembourg, rather than a fund in their home jurisdiction, increases their chances of attracting capital from across the EU.

The European Union's fragmented approach to Real Estate Investment Trust (REIT) taxation creates significant cross-border challenges, with structures potentially facing up to three layers of taxation despite domestic...

Belgian family offices and fund-of-funds utilizing the Privak regime face unique challenges when investing through Luxembourg structures, particularly regarding tax-neutral status requirements and participation exemption conditions. The look-through treatment of transparent entities like SCSps can create complications with underlying assets, prompting the need for alternative structuring solutions that maintain compliance while accommodating diverse investor bases.

Navigating the complex real estate tax environment across the Netherlands, Belgium, Luxembourg and Switzerland requires understanding key legislative developments and structuring opportunities. This comprehensive guide examines critical tax considerations throughout the acquisition, holding and exit phases of real estate investments, while addressing recent changes to entity classification rules, withholding taxes, and investment fund regimes.

The most common route for U.S. fund managers (USFMs) to raise capital from EU HNWIs is to establish a fund under the Luxembourg Part 2 UCI regime, optionally with an ELTIF label to notably benefit from the repute of this label, as well as from an EU marketing passport for retail investors

On 4 April 2025, the Dutch Supreme Court ruled that the 30%-reimbursement qualifies as wages for the purposes of the pseudo-final levy on excessive severance payments.

The ELTIF is an EEA-wide fund label designed to attract capital from EU HNWIs. In Luxembourg, structuring an ELTIF involves combining three key layers...

Real estate (RE) is an eligible asset class under the ELTIF framework. While RE ELTIFs may invest globally, most RE strategies are expected to focus on Europe, aligning with the preferences...

Part II UCIs provide North American fund managers with a regulated Luxembourg vehicle to access international private wealth markets through a flexible, company-style fund structure.

In an open-ended fund (OEF) an investor has the right to have its investment redeemed.

Semi-liquid alternative investment funds face a critical challenge: balancing illiquid asset investments with investor liquidity needs. When redemption requests surge beyond certain thresholds, fund managers can deploy various restriction mechanisms—but understanding the nuanced differences between redemption caps, gates, and their variants becomes essential under the new AIFMD II framework. The choice between hard caps, soft caps, and gates carries significant implications for regulatory compliance,

On 30 July 2025, the Government submitted a draft bill to fund the development of GovSat-2, a second satellite dedicated to governmental and military use.

Luxembourg's data protection authority has issued comprehensive guidance on employee monitoring practices, addressing the legal boundaries employers must navigate when implementing surveillance measures in the workplace. The guidance clarifies permissible monitoring methods, from telephone recording and CCTV to biometric systems, while emphasizing core data protection principles that govern employer-employee relationships.

In recent years, the VAT treatment of M&A services in share transactions – such as corporate finance advisors and investment banks – has been subject to considerable debate

European manufacturers are exploring three distinct pathways to pivot civilian production capacity toward defence manufacturing, each carrying unique regulatory, tax, and operational implications.

The Empowering Consumers for the Green Transition (ECGT) Directive introduces a new EU‑wide framework to combat greenwashing and social washing across all consumer markets.

On 22 October 2025, the Swiss Federal Council opened a consultation on a proposed amendment to the Financial Institutions Act (the FinIA).

Swiss fund marketing rules differ significantly from EU regimes, offering US fund managers flexibility in pre-marketing activities while imposing specific registration requirements for formal marketing...

Loyens & Loeff New York regularly posts ‘Snippets' on a range of EU tax and legal topics. Earlier this calendar year, our ‘EU Tax Directives Series' offered practical, concise summaries of key EU tax directives...

US fund managers (USFM) that consider an EU fundraising usually rely on an investor-facing Luxembourg special limited partnership (SCSp) qualifying as an alternative investment fund for European purposes...