Newflash | The Luxembourg-France Double Tax Treaty – amending Protocol signed on 10 October

On 19 August 2019, the new Luxembourg-France Double Tax Treaty (“DTT”) came into force following finalisation of each country’s ratification procedures. The DTT will take effect from 1 January 2020 and replace the 1958 Luxembourg-France Double Tax Treaty. The DTT introduces a number of changes reflecting the amendments to the OECD Model Tax Convention following […]

Evelyn MaherPartner, Bonn Steichen & Partners

CSSF Updated FAQs Obligations of Professional Secrecy

On 2 September 2019, the CSSF updated the below sets of frequently asked questions (the “FAQs”) for the purposes of, adding a new question regarding obligations to be complied with in case of data transfers by a central administration or a depositary to another service provider: a. Frequently Asked Questions concerning Specialised Investment Funds (“SIFs”) under the […]

Evelyn MaherPartner, Bonn Steichen & Partners

CSSF Circulars 19/721 and 19/725 on Dematerialisation of Requests to the CSSF

On 1 July 2019, the CSSF published Circular 19/721 (the “Circular”) regarding dematerialisation of requests to the CSSF. The Circular establishes an eDesk portal to serve as a tool of communication between the CSSF and all Luxembourg regulated funds (UCITS, Part II UCIs, SIFs, SICARs) as well as securitisation vehicles, management companies and AIFMs. The Circular obliges […]

Evelyn MaherPartner, Bonn Steichen & Partners

Harmonised Rules for Cross | Border Marketing of Investment Funds

The long-expected Directive (EU) 2019/1160 regarding cross-border distribution of collective investment funds amending the UCITS Directive and the AIFM Directive (the Directive) as well as the Regulation (EU) 201/1156 on facilitating cross-border distribution of collective investment funds and amending the EuVECA and the EuSEF Regulations (the Regulation) were published in the Official Journal of the European Union on 12 […]

Evelyn MaherPartner, Bonn Steichen & Partners

Moyal & Simon Law S.a.r.L joins IR as the exclusive Banking & Finance Member in Luxembourg

IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Philipp Simon of Moyal & Simon Law S.a.r.L. Philipp has joined IR as our exclusive Banking & Finance Member in Luxembourg. Philipp was recommended in the EMEA edition of the Legal 500 directory as “strong on strategy and negotiation”. Philipp has an […]

Philipp SimonPartner, Moyal & Simon Law S.a.r.L

NEWSFLASH | Investment Funds Law

BREXIT – CSSF 12 MONTH TRANSITIONAL PERIOD FOR UK FUNDS, AIFMS AND MANAGEMENT COMPANIES BACKGROUND In April 2019 two Luxembourg laws (the “Brexit Laws”) were published in anticipation of the United Kingdom’s exit from the European Union without any withdrawal agreement on 31st October 2019 (the “Hard Brexit“). In such an event, the United Kingdom […]

Evelyn MaherPartner, Bonn Steichen & Partners

NEWSFLASH July 2019 – Draft Law 7349 – concerning ELTIF, EuVECA and EuSEF and amending the RAIF Law

Draft Law No. 7349 was adopted by the Luxembourg Parliament on 11 July 2019 (the “Law”) and implements into domestic law certain provisions of the following regulations: Regulation (EU) N°345/2013 of the European Parliament and of the Council of 17 April 2013 on European venture capital funds (“EuVECA Regulation”); Regulation (EU) N°346/2013 of the European […]

Evelyn MaherPartner, Bonn Steichen & Partners

Newsletter – July 2019

AML CSSF CIRCULAR 19/722 | DECLARATIONS OF FATF On 1 July 2019, the CSSF published Circular 19/722 relating to recent declarations of the Financial Action Task Force (“FATF“). JURISDICTIONS WITH SUBSTANTIAL AND STRATEGIC DEFICIENCIES FATF maintained its position that the Democratic People’s Republic of Korea (DPRK)  is a jurisdiction whose anti-money laundering and combating the […]

Evelyn MaherPartner, Bonn Steichen & Partners

Moyal & Simon Law S.a.r.L joins IR as the exclusive Banking & Finance Member in Luxembourg

IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Joram Moyal of Moyal & Simon Law S.a.r.L. Joram has joined IR as our exclusive Banking & Finance Member in Luxembourg. MOYAL & SIMON is an independent Luxembourg law firm that has matured into an established key firm in Luxembourg since its foundation. We […]

Joram MoyalPartner, Moyal & Simon Law S.a.r.L