The Luxembourg Double Tax Treaties Network List of double tax treaties in force and in negotiation as of 31 August 2021 . Situated at the crossroad of Europe, the Grand-Duchy of Luxembourg is based on a dynamic and open economy which actively ...
Successions « vacantes », comptes dormants et contrats d’assurance-vie en déshérence I. LES SUCCESSIONS VACANTES OU NON RÉCLAMÉES A. Qu’est-ce qu’une succession « vacante » en droit luxembourgeois ? L’article 811 du Code civil précise que : « Lorsqu’après l’expiration des délais pour ...
ESG update EU institutions continue to shape the EU regulatory environment in the ESG field. Through the so-called "April Package " published on 21 April 2021, significant progress was made on standard-setting a...
La fourniture transfrontalière de services d’investissement dans l’Union Européenne Dans l’Union européenne, la fourniture transfrontalière des services financiers en général, et des services d’investissement en particulier, est régie par les principes clés du marché unique européen ...
Beating financial crime The European Commission proposes a new anti-money-laundering draft legislation package to strengthen the EU's anti-money laundering and countering terrorism financing rules On 20 July 2021, the Europe...
Long-awaited bill clarifying and confirming that the financial assistance prohibition of the Companies Act does not apply to SARL submitted to the Luxembourg Parliament 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 doe...
Introduction of the notional interest deduction regime : the right time ? The Luxembourg macroeconomic and budgetary situation and outlook for 2020 and 2021 are sobering. The first round of effects of COVID-19 and the impacts of a new wave of infections are difficult to cap...
ÉCLAIRAGE SUR LE DEVOIR DE DISCRÉTIONDE L’ADMINISTRATEUR DE SOCIÉTÉ ANONYME INTRODUCTION « Le devoir de discrétion n’a guère retenu l’attention jusqu’ici. Son importance ne doit cependant pas être sous-estimée. » C’est ainsi que débute un article de Bertrand Fages sur le devo...
Sustainable Finance update (asset management): Application of SFDR RTS postponed and the European Commission’s New Sustainable Finance Strategy 1. Deferred application date of the draft SFDR RTS In a letter dated 8 July 2021 addressed to the Council and the European Parliament, the European Commission stated that it will defer the application...
LE DROIT DE PREEMPTION « PACTE LOGEMENT » : EVOLUTION DE LA JURISPRUDENCE La loi du 22 octobre 2008 dite « Pacte Logement », telle que modifiée par la loi du 3 mars 2017 (dite « Loi Omnibus »), ouvre, sous certaines conditions, des droits de préemption au profit des commune...
Court Decision on the concept of acquisition price in relation with contributions to the Account 115 On 11 May 2021, the Lower Administrative Court (Tribunal administratif) ruled that contributions to the account 115 should not be taken into account when determining whether the acquisition price of s...
Extension of Exceptional COVID Measures for the Holding of Shareholders’ and Management Body Meetings Until 31 December 2021 Back in March 2020, when the state of crisis was declared in Luxembourg, a Grand Ducal regulation was issued in order to introduce rules and measures governing the organisation of shareholders’, board...