On 17 December 2019, the Upper House of Parliament approved the 2020 Dutch Budget proposals (the Budget), the proposals implementing the amended EU Anti-Tax Avoidance Directive to

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

For context, a first law dated 17 February 2025, which entered into effect on 2 March 2025 (with a transitional period for some operations ending on 1 April 2025)...

The government has set the wage norm at 0%. This basically means that wages in 2023-2024 cannot in principle be increased compared to 2021-2022.

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...

On the 14th of May, the European Securities and Markets Authority (the ESMA), published new guidelines on the use of ESG and sustainability-related terms in funds' names (the Guidelines). The Guidelines...

Following numerous initiatives in the ESG field at the EU level, in November 2022, ESMA published its Consultation paper on Guidelines on funds' names...

In a final judgment rendered on 23 November 2023, the administrative court confirmed that an interest-free loan in the case at hand qualified as debt instrument for tax purposes.

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.

The European Commission on 19 July 2024 adopted the regulatory technical standards (RTS) for the regulation on European long-term investment funds (ELTIFs). Our investment experts provided more

US private fund managers (USFM) that aim to tap into the European pool of professional investors will experience that these investors...

US fund managers seeking to raise capital in the EU are well aware of the fact that EU investors generally prefer to invest in a Luxembourg...

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.

This loss of contact usually results from a variety of situations, including customers who have changed address or are deceased.

The short answer is yes, depending on the facts, although a recent case in the UK's Supreme Court has made it harder to sue individual employees or directors in addition to their employer.

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