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Press releases and law firm thought leadership

This page is dedicated to keeping readers informed of the latest news and thought leadership articles from law firms across the globe.

If your firm wishes to publish press releases or articles, please contact Shehab Khurshid on +44 (0) 207 396 5689 or shehab.khurshid@legalease.co.uk

 

Legal Developments Worldwide

Entry into force of the law introducing one additional day of annual paid leave and one additional p

April 2019 - Employment. Legal Developments by Arendt & Medernach.

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The leitmotif underpinning the Law is the same as that for the parental leave reform in 2016, namely enabling employees to achieve a greater balance between their private and professional lives.

Temporary Permissions Regime & the Brexit deadline

April 2019 - Finance. Legal Developments by Arendt & Medernach.

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We would like to kindly remind you that from 7 January 2019 to 28 March 2019, the Financial Conduct Authority ("FCA") online system ‘Connect’ is open for EEA-based firms and fund managers of EEA-domiciled investment funds (UCITS and AIF) currently passported into the UK to notify the FCA about their intention to participate in the temporary permissions regime (“TPR”).

Finance Bill 2019: CIT reduction and optional extension of interest limitation rules on fiscal unity

April 2019 - Tax & Private Client. Legal Developments by Arendt & Medernach.

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On 5 March 2019 the Luxembourg government filed the new finance bill n° 7450 (“Finance Bill”) with the Luxembourg parliament

CJEU clarifies abuse and beneficial ownership concepts under the Parent Subsidiary and Interest/Roya

April 2019 - Tax & Private Client. Legal Developments by Arendt & Medernach.

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On 26 February 2019 the Grand Chamber of the Court of Justice of the European Union (“CJEU”) rendered 2 judgments regarding the non-application of the Parent Subsidiary Directive (Council Directive 90/435/EEC – ”PSD") and the Interest and Royalties Directive (Council Directive 2003/49/EC – “IRD”) in case of fraud or abuse, even in the absence of any domestic anti-abuse legislation.

Luxembourg Newsflash - Brexit: the Luxembourg emergency legislation - 27 February 2019

April 2019 - Finance. Legal Developments by Arendt & Medernach.

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On 31 January 2019, the bill of law n°7401 (the “Bill”) was issued on measures to be taken in relation to the financial sector in case of the withdrawal of the United Kingdom (“UK”) and North Ireland from the European Union (“EU”) (“Brexit”).

(Some) clarifications regarding the Register of BOs

April 2019 - Real Estate & Property. Legal Developments by Arendt & Medernach.

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Publication of the Grand-Ducal Regulation of 15 February 2019 on the modalities for registration, payment of the administrative fees and on the access to the information registered with the register of beneficial owners.

Commercial cooperation amongst competitors: the Webtaxi decision of the Competition Council of 8 Jun

October 2018 - EU & Competition. Legal Developments by Arendt & Medernach.

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On 8 June, the Luxembourg Competition Council exempted an agreement between Benelux Taxis, Inter-Taxis and other tax companies who jointly use the Webtaxi reservation centre for taking bookings from customers

The fifth anti-money laundering and terrorist financing directive (AML 5) - Key aspects and changes

August 2018 - Finance. Legal Developments by Arendt & Medernach.

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On 19 April 2018, the European Parliament adopted the new directive on the prevention of the use of the financial system for the purposes of money laundering or terrorism financing.

5th AML Directive - Key aspects

August 2018 - Finance. Legal Developments by Arendt & Medernach.

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The 5th AML Directive was published in the Official Journal of the European Union on 19 June 2018, and will enter into force 20 days thereafter.

MiFID 2 and its distinctive Luxembourg features

August 2018 - Finance. Legal Developments by Arendt & Medernach.

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On 31 May 2018, the law on markets in financial instruments (the “2018 Law”) as well as the grand-ducal regulation relating to safeguarding of financial instruments and funds belonging to clients, product governance obligations and the rules applicable to the provision or reception of fees, commissions or any monetary or non-monetary benefits (the “Grand-Ducal Regulation”) were published in the Luxembourg official gazette.