Developments in green bonds: On 21 December 2024 the EU Green Bond Regulation starts to apply On 20 December 2023 the EU Green Bond Regulation entered into force, following its publication in the EU's Official Journal on 30 November 2023. It will start applying 12 months after its entry into f...
CSSF clarifies UCITS/AIFs procedures for annual updates of KIDs/KIIDs On 28 December 2023, the CSSF clarified the process to be followed by UCITS/AIFs when submitting the annual update of their KIDs or KIIDs. The CSSF issued the clarification via updated versions of its...
Réforme des chèques-repas : entrée en vigueur imminente Au 1er janvier 2024, la réforme des chèque repas entrera en vigueur et viendra modifier substantiellement le modèle existant. La réforme des chèques repas au Luxembourg va avoir des répercussions impo...
Accelerated application process for ELTIF 2.0 On 15 December 2023, the CSSF announced its updated application questionnaire for ELTIF 2.0. With the updated application questionnaire, the CSSF aims to facilitate and thereby accelerate the applicat...
ECJ Rules in favour of Amazon in State aid case On 14 December 2023, the Court of Justice of the European Union (“CJEU”) decided in favour of Amazon in State aid case C-457/21 P by confirming the General Court’s conclusion that the Commission did n...
Vos contrats de VEFA seraient-ils tous faux ? Partie 1 : Note à l’attention des promoteurs soucieux de limiter le risque de condamnation pénale Bien qu’ayant déjà abordé dans de précédents articles la question des sanctions pénales attachées au n...
Frequent ESG disclosure issues under the EU Sustainable Finance framework explained The European Securities and Markets Authority (ESMA) issued three notes on 22 November 2023 to explain key concepts that apply across the EU Sustainable Finance framework, in particular the Taxonomy R...
Le processus Conscious Contracts® Le droit des contrats a connu une évolution marquante à l’occasion de l’adoption du nouveau Code civil. Cet effort de modernisation technique, globalement bien accueilli, peut également nous inviter à...
Tax – Luxembourg minimum net wealth tax provisions unconstitutional On 10 November 2023, the Luxembourg Constitutional Court concluded_ that §8(2) a) of the law on net wealth tax was contrary to the constitutional principle of equality. Pending legislative reform, the...
Le volet «travail» du nouvel accord de coalition: du flou et du mou! Écrit par Guy Castegnaro, Founding & Managing Partner, CASTEGNARO-Ius Laboris Luxembourg En effet, la partie réservée au travail est floue et peu ambitieuse. Tout d’abord, le gouvernement se limite à ...
The minimum net wealth tax rules for holding companies ruled unconstitutional On 10 November 2023, the Constitutional Court (case n°00185) held that some of the Luxembourg minimum net wealth tax rules are in breach of the principle of equality before the law of the Luxembourg C...
EMPOWERING CONSUMERS FOR A GREEN TOMORROW Towards sustainable choices: navigating the EU’s green transition strategies Sustainability is a crucial asset for modern businesses, with 56% of European consumers being influenced by environmental f...