On 20 January 2021, the Administrative Jurisdiction Division of the Council of State (hereinafter: the ''Council of State'') rendered a judgment

At the start of the pandemic, the Luxembourg government enacted measures to facilitate the holding of board and shareholder meetings.

Following the publication on 12 May 2022 of CSSF Circular 22/810 on pre-marketing and cross-border marketing notification procedures, the CSSF has released a new communication on the availability on eDesk of an ePassporting procedure.

By the Act of 25 March 2020, Luxembourg implemented Directive 2018/822 amending Council Directive 2011/16/EU as regards mandatory automatic exchange of information...

The Act of 30 June 2021 has extended the possibility for Luxembourg-based companies to hold virtual board and shareholder meetings until 31 December 2021.

Further to publication by ESMA of guidelines on performance fees in November 2020 (applicable since 6 January 2021), the CSSF issued Circular CSSF 20/764 on 18 December 2020 and integrated the Guidelines into its administrative practice ...

The Act of 17 December 2021 has extended the transitional measures provided for by the Act of 23 September 2020 until 31 December 2022. In practice, Luxembourg-based companies can hold either virtual board...

They will have to put in place sufficient safeguards to protect against cyber and other ICT risks, in their internal processes but also in their existing and new contracts with ICT service providers.

On 19 December 2020, the Luxembourg Parliament voted into law the Budget Act 2021 (the "Budget Act").

On 24 April 2020, EIOPA issued new guidelines on outsourcing to cloud service providers which apply to insurance and reinsurance undertakings, supplementing the general regulatory framework based on the Solvency II Directive ...

In a communiqué released on 22 March 2020, the CSSF urges all supervised entities to immediately review their current organisational setup in order to ensure working from home.

In a FAQ of 20 March 2020, the CSSF provides clarifications on the use of swing pricing mechanism by UCIs (UCITS, UCI Part II & SIFs) as well as the conditions to be met to go beyond...

In a communication of 18 March 2020, the Luxembourg Business Registers ("LBR") extended by 4 months the period for the filing of the 2019 annual accounts.

On 17 March 2020, the CSSF issued an FAQ clarifying the recommended minimum IT security requirements for remote access implemented to meet the demands of the exceptional situation...

Pursuant to Bill No 7791, submitted to the Luxembourg Parliament on 16 March 2020, Article 1500-7 of the Companies Act will be amended in order to clarify that the financial assistance prohibition does not apply to ...

The long-awaited amendment of Article 1500-7 of the Companies Act, clarifying that the financial assistance prohibition does not apply to Luxembourg private limited-liability companies, enters into force on 16 August 2021.

On 16 May 2022, the Luxembourg financial regulator (the "CSSF") released Circular 22/811 on the authorisation and organisation of entities acting as UCI administrators (the "Circular").

Deadline for completing the AML/CFT survey is extended until 10 April. Homeworking requirements for support PSFs are clarified in a CSSF FAQ of 18 March 2020.

On 12 May 2022, the CSSF published Circular 22/810 on the procedures to be followed by Luxembourg-based undertakings for collective investment in transferable securities (UCITS)...

On 8 June 2021, Bill No 7307 ("the bill") to improve the efficiency and speed of civil and commercial proceedings was adopted unanimously.