European Parliament adopts final version of the Data Act On 9 November 2023, the European Parliament formally and overwhelmingly adopted, by a majority of 481 votes in favour, 31 votes against and 71 abstentions, the final version of the proposal for a regu...
La profession d’avocat en tant que profession assujettie à la LCB-FT La place de la profession d’avocat au sein des dispositifs de Lutte Contre le Blanchiment de Capitaux et le Financement du Terrorisme (LCB-FT) a toujours été particulière. Du fait du caractère quasi a...
AI ACT AND GDPR: MANAGING THE WORLD OF DATA IN THE WORLD OF PRIVACY CONTRARY TO SOME PERSISTING BELIEFS THAT THE AI ACT AND GDPR ARE INHERENTLY INCOMPATIBLE, GDPR MAY IN FACT BE INTERPRETED IN A WAY THAT CONCORDS WITH THE PURPOSES OF THE AI ACT. PROCESSING PERSONAL DA...
ESMA | Public statement on sustainability disclosure in prospectuses On 11 July 2023, ESMA issued a public statement on the sustainability disclosure expected to be included in prospectuses in order to satisfy the requirements of Regulation (EU) 2017/1129 of 14 June 20...
ESG in the insurance sector - CAA update on implementation of climate change risk scenarios in the ORSA On 10 October 2023, the Commissariat aux Assurances (CAA) released Information Note 23/9 (“Information Note 23/9”) communicating its follow-up on the implementation of climate change risk scenarios in...
Annulation du licenciement par l’employeur: DO and DON’T ! Si le licenciement est un acte unilatéral qui relève de la seule compétence de l’employeur , il en va différemment lorsque celui-ci souhaite revenir sur la sanction qu’il a notifiée. C’est ce que rapp...
Digitalisation of corporate procedures The law of 14 July 2023, transposing Directive (EU) 2019/1151 20 June 2019 amending Directive (EU) 2017/1132 (the "Directive") as regards the use of digital tools and processes in company law (the "La...
Sorties d’ordre privé durant un arrêt maladie : faute grave ? Les statuts de la Caisse Nationale de Santé (ci-après « CNS ») posent deux interdictions fondamentales à respecter pour le salarié se trouvant en arrêt maladie 1 : Durant une période d’incapacité de t...
Luxembourg is geared towards a national merger control regime On 23 August 2023, Luxembourg’s Ministry of the Economy (Ministry) introduced Bill of law no. 8296 setting up a merger control regime in Luxembourg (Bill). Luxembourg is the last country in the Europe...
Data protection EU & US – towards a new agreement on the transfer of european personal data to the United States For a long time now, the transfer of data from one continent to another has raised a host of questions. Numerous efforts have already been made to smooth data traffic between Europe and the United Sta...
Is the Metaverse really dead? Well, not according to the EU Commission… On 11 July 2023, the European Commission unveiled its vision for Web 4.0, often referred to as the ‘Metaverse’, and virtual worlds. Context This communication follows on from the State of the Union by...
Réforme du régime des ASBL au Luxembourg : les principales modifications décryptées Le 28 juin dernier, a été voté le projet de loi n°6054 sur les associations sans but lucratif (ci-après « ASBL ») et les fondations. Le texte entrera en vigueur en septembre et vient abroger la loi mo...