Proposal for a Directive Amending the AIFM and UCITS Directives On 25 November 2021, the European Commission issued a proposal for a Directive amending the Directives 2011/61/EU (“AIFMD”) and 2009/65/EC (UCITS Directive) (the “Proposal”). The Proposal was publishe...
The Reverse Hybrid Entity Rule in a nutshell Background Reverse Hybrid Entity Rule introduced in Luxembourg by the law of 20 December 2019 (hereafter the “ATAD II Law”) implementing Council Directive (EU) 2017/952 of 29 May 2017, regarding hybri...
Exercice du pouvoir hiérarchique VS harcèlement moral Écrit par Thérèse Lallart, Avocat à la cour - Associate, CASTEGNARO-Ius Laboris Luxembourg Comment distinguer le pouvoir de direction, de contrôle et de sanction conféré à un supérieur hiérarchique, d...
Sustainable Finance update (asset management): CSSF announces fast track procedure for Taxonomy Regulation compliance by 1 January 2022 The CSSF announced in its communication ( available here ) published on 2 December 2021 that it has put in place a fast track procedure to facilitate compliance with the taxonomy-related disclosure re...
Strengthening the integration and efficiency of capital markets to support economic growth Diversifying funding opportunities for EU companies, empowering retail investors to seize available capital market opportunities for long-term investments, and lifting barriers to cross-border investm...
Le revenu minimum de l'avocat stagiaire, salarié ou indépendant - Une juste rémunération ? Lors de la rentrée judiciaire 2021, la Conférence du Jeune Barreau de Luxembourg a fait savoir très clairement qu’elle revendiquait un revenu minimum pour les avocats stagiaires. Les représentants de ...
Impôt minimum mondial : un bref état des lieux des dernières avancées « L’intégration des économies et des marchés nationaux a connu une accélération marquée ces dernières années, mettant à l’épreuve le cadre fiscal international conçu voilà plus d’un siècle. Les règles...
GDPR: Where Are We Now and What Can We Expect? In an interview with VitalBriefing, Renaud Le Squeren, a partner at Luxembourg law firm DSM Avocats, explains that European data protection rules are a source of confusion, and that the EU’s GDPR is s...
Distributions of dividends (ordinary and interim), share premium and account 115 in Luxembourg Dividend What is a dividend, under what conditions can a dividend be distributed and who can decide to distribute a dividend? A dividend is a portion of the profits made by a company and paid to its s...
Droit à la déconnexion: quels impacts pour l’employeur? Le Projet de loi visant à introduire le droit à la déconnexion dans le Code du travail a été déposé à la Chambre des députés le 28 septembre 2021. À quelles nouvelles mesures et obligations les employ...
Comparability of Investment Funds – another Finnish referral to the Court of Justice of the European Union – another positive signal Recently, an Advocate General’s opinion (the “Opinion”) on Finnish CJEU case C-342/20 (the “Case”) has been published. The Opinion is very interesting as the Case reviews the comparability of a foreig...
PRIIPs KID: another chapter in a never-ending story On 22 October 2021, the European Parliament’s ECON Committee, by way of simplified procedure, approved two legislative proposals: one to further extend the implementation of the revised amendments to ...