How can a Blockchain system change the commercial contract process in your opinion? What are the opportunities and challenges?

Smart contracts certainly provide a quasi-real time audible record of information that is simultaneously updated and distributed among participants. Businesses using and trusting records that are stored on shared ledgers must consider the legal basis for these records. Users of these records will need to be assured of their reliability as an authoritative source of […]

Benoît DuvieusartPartner, duvieusart ebel, avocats associés

Are companies and individuals able to use cryptocurrencies to buy goods and services in Luxembourg? If so, what systems do they need to have in place?

The Luxembourg regulator, the Commission de Surveillance du Secteur Financier (CSSF) has adopted the view that ‘virtual’ currencies can be considered to be money, since they are accepted as a means of payment for goods and services by a sufficiently large group of people. Despite this, they are not legal tender in Luxembourg and would […]

Benoît DuvieusartPartner, duvieusart ebel, avocats associés

Smart contracts are becoming more popular, controlling the distribution of products and services and automating payment via a cryptocurrency e-wallet once the contract has been satisfied.

What are the legal implications of this in your opinion and have you dealt with any smart contracts? It is currently a question among Luxembourg scholars whether smart contracts are, or are not, true contracts. The majority of authors believe that smart contracts constitute a way to execute contracts, rather than the actual conclusion of […]

Benoît DuvieusartPartner, duvieusart ebel, avocats associés

Zang, Bergel & Viñes Abogados joins IR as the exclusive Tax (Law) member in Argentina.

IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Diego A. Embon of Zang, Bergel & Viñes Abogados. Diego has joined IR as our exclusive Tax (Law) member in Argentina. Diego recently joined Zang, Bergel & Viñes Abogados and is in charge of the tax law department. He renders advice on […]

Diego A. EmbonPartner, Zang, Bergel & Viñes Abogados

How does your firm work with General Counsel in making sure the board fulfils its duty to monitor— not only in terms of addressing director liability problems as they emerge, but also in proactively minimising the risk of future events?

Corporate Governance and directors’ liabilities are a key subject in board agendas. As legal counsel to many Luxembourg regulated and non-regulated companies, we continuously ensure that these subjects are appropriately addressed and documented in the minutes of board meetings. We also often attend board meetings, or advise Chairmen or General Counsel, to ensure that board […]

Benoît DuvieusartPartner, duvieusart ebel, avocats associés