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On 5 March 2013, the Finance Ministers of Luxembourg and the Czech Republic signed an agreement on preventing double taxation which replaces the double tax treaty dated 18 March 1991. This new treaty and its concurrent protocol are in line with the OECD model...

On 7 March 2013, the European Union Court of Justice (the "ECJ") released its decision in GfBk Gesellschaft für Börsenkommunikation mbH v. Finanzamt Bayreuth (C-275/11). The case concerned the VAT treatment of certain outsourced investment...

Since the onset of the financial crisis there has been a dearth of CLO issuance in Europe, while on the other side of the Atlantic the market has rebounded healthily. Now, at long last, green shoots are beginning to emerge in a European thaw. In this article...

The European Securities and Markets Authority (ESMA)'s consolidated Guidelines on ETFs and other UCITS issues (Guidelines)  entered into force on 18 February 2013. On the same day, the Commission de Surveillance du Secteur Financier (CSSF) published...

We are pleased to provide you with the latest edition of our Luxembourg Legal Update. The newsletter provides a compact summary and guidance on the new legal issues which may impact your business, particularly in relation to banking, finance, capital markets,...

On December 13th 2012, the Luxembourg Parliament adopted the bill n°6497 on new tax measures to be implemented as from January 1st, 2013. On December 21, 2012, the Luxembourg Conseil d'Etat formally confirmed that no second vote of the Parliament is required...

In a time when one regulatory initiative has been completed and another one makes its appearance, the payments industry - faced with such a plethora of legislative measures - is trying to live up to the challenge. This client briefing discusses the key...

On 26 October 2012, the Luxembourg supervisory authority of the financial sector (CSSF) released Circular 12/546 relating to the authorisation and organisation of Luxembourg management companies subject to Chapter 15 of the law of 17 December 2010 relating to...

We are pleased to provide you with the latest edition of our Luxembourg Legal Update. The newsletter provides a compact summary and guidance on the new legal issues which may impact your business, particularly in relation to banking, finance, capital markets,...

Besides the implementation of the directive 2011/61/EC on Alternative Investment Fund Managers (AIFMD), the bill n°6471 includes tax provisions aiming at (i) improving the tax regime applicable to Luxembourg partnerships and to AIF and (ii) attracting alternative...