On 22 March 2024 the Luxembourg regulator (the CSSF) released its supervisory priorities in the area of sustainable finance, which are bringing a few insights on the Luxembourg's regulator's priorities in this area.

Our specialists are discussing key updates that we should expect in the ESG area for the asset managers in 2024. The consultation on the sustainable finance disclosure regulation (SFDR)...

With the entry into force of the Act on the Abolition of Pledge Prohibitions, both clauses that exclude the transferability or pledgability of certain monetary claims and clauses intended to prevent the pledging...

The Luxembourg Green Exchange has recently added to its labelled bond section, a brand-new section dedicated to Climate-Aligned Issuers...

The European Long-Term Investment Fund (ELTIF) fund label accommodates EU high-net-worth individuals seeking exposure to private assets.

US Fund Managers (USFM) launching ELTIFs to raise capital from EU HNWIs typically do so either through a Luxembourg Reserved Alternative Investment Fund (RAIF) or a Part 2 UCI.

Below we are looking into the potential impact of these COI rules in the context of fund-of-funds (FoF) and side-by-side (SBS) fund strategies, as these two strategies are commonly...

Establishing a Luxembourg fund requires EU sponsors to appoint Luxembourg based service providers to support the launch and continued existence of the fund.

On 18 June 2024, the European Supervisory Authorities (the ESAs) issued a Joint ESAs Opinion on the assessment of the Sustainable Finance Disclosure Regulation (the SFDR)...

European institutional investors increasingly favor Article 8 funds under SFDR, which promote environmental and social characteristics alongside good governance practices. US fund managers face strategic decisions when entering the EU market, weighing the benefits of Article 8 classification against operational constraints and investor preferences. The regulatory landscape offers flexibility in ESG implementation, though upcoming SFDR 2.0 reforms will reshape these disclosure requirements by late 2027.

Semi-liquid alternative investment funds face inherent tensions between illiquid assets and investor liquidity demands, requiring sophisticated redemption management tools. Under AIFMD II, EU-authorized private fund managers must implement pre-determined liquidity management tools, but not all redemption restrictions qualify equally.

To keep up to speed with recent market developments, the innovative Sustainability-Linked Bonds (SLBs) can now be displayed on the Luxembourg Green Exchange (LGX).

The Luxembourg Stock Exchange (LuxSE) has published on 19 August 2021, its first guidelines for the listing of SPACs on each of its markets.

US fund managers (USFM) often turn to Luxembourg for EU capital raising and structuring EU-based transactions. The Luxembourg fund vehicles and asset acquisition companies (jointly, LuxCos)...

US fund managers raising capital in the EU often set up a Luxembourg special limited partnership (SCSp) qualifying as an alternative investment fund (AIF).

US fund managers (𝗨𝗦𝗙𝗠𝘀) raising capital in Europe typically establish a Luxembourg access point to their fund complex, usually in the form of a special limited partnership (𝗦𝗖𝗦𝗽)...

U.S. fund managers (USFM) that raise capital in Europe typically do so through a Luxembourg parallel fund sleeve (LPFS), usually organised as a special limited partnership (SCSp).

What is likely the final text for amendments to the Alternative Investment Fund Managers Directive ("AIFMD2") was released earlier this month.

The publication offers a practical overview of the business tax regimes in key jurisdictions worldwide, with a focus on the implications for international organisations seeking to expand into new markets.

In a decision delivered on 7 June 2024 (2024TALCH02/00950) (the Decision), the Luxembourg District Court provided for substantive clarifications regarding article 10 of the Luxembourg Law...