Corporate governance has become a hot topic, both for professionals of the financial sector supervised by the Luxembourg financial sector regulator and for companies with shares listed on a regulated market. In recent years significant progress has been made in the quest for an optimal balance between performance and the control and prevention of risks. …
Continue reading “Modernization of Corporate Governance Rules for Unregulated & Unlisted companies”
The legal nuances of regulating cryptocurrency While cryptocurrencies and cryptoassets are a technological and economic fact, high legal and regulatory uncertainty concerning so-called “tokenomics” still remain. On an EU level, it is safe to say that there is still no specific legal framework. However, Luxembourg’s financial regulator, the Commission de Surveillance du Secteur Financier (CSSF), …
Continue reading “Regulators Take on Cryptocurrency in Luxembourg”
On Saturday, June 2, Kaufhold & Reveillaud, Avocats, joined in the festivities at the official opening of Luxembourg’s House of Startups (HoST). The launch of this massive facility, totaling nearly 6,000 square meters and ready to accommodate up to 200 startups, represents a major milestone for the local ecosystem. The premises will house the Luxembourg …
The deadline for French companies to comply with the new law concerning the Beneficial Owners’ Register is fast approaching. All companies, which are not listed at a regulated stock exchange, and which were duly registered before the 1st of August 2017 at the French Trade and Companies Register, must by the 1st of April 2018 …
Continue reading “Mandatory Filing Of The Beneficial Owners Register In France”
Reform of Luxembourgish Law on commercial lease agreements finally adopted The Luxembourg Parliament has finally voted the bill of Law No 6864 on commercial lease agreements – two years after its deposit, and a series of amendments. The genesis of the bill was mainly influenced by a couple of liquidations and bankruptcies of shops in …
A Solution that Redefines Fund Manager & CSSF Roles 1) New transfer pricing rules for intra-group financial transactions The Luxembourg tax authorities issued a new circular on December 27, 2016 for the fiscal treatment of intra-group financial transactions effective as from January 1, 2017 (the “Circular”). The Circular replaced two previous circulars from 2011 and …
The Grand Duchy of Luxembourg offers a host of possibilities for real estate investments both inside Luxembourg and abroad With a well-known, first-class legal framework in place and high standards of investor protection, the Luxembourg real estate market earned approximately €1.1 billion in 2015 and €1.35 billion in 2016. The amount of net assets …
With 10 years in force and counting, the European Order for Payment (EOP) Procedure has successfully simplified and improved cross-border litigation in Europe. Despite its effectiveness, it has largely avoided the limelight and is a tool for recovering overdue payments that deserves some attention. Reflecting Europe’s shift toward a single market, the European Parliament drafted …
Kaufhold & Réveillaud, Avocats participates in dayCARE, providing mini-internships in Luxembourg & vocational training in Niger & Laos On Wednesday, October 25, Kaufhold & Réveillaud, Avocats welcomed three students to its office for the day as part of a wider effort by international non-profit CARE. The goals of the day-long event, known as dayCARE, are …
Continue reading “Preparing Students for Tomorrow’s Economy”
A Solution that Redefines Fund Manager & CSSF Roles On July 14, 2016, Luxembourg’s Parliament approved the law on reserved alternative investment funds (RAIFs), providing a missing link to the Alternative Investment Fund Managers Directive of 2011 (AIFMD). Until now, all alternative investment funds required initial approval from the CSSF, Luxembourg’s supervisory body, in addition …
Continue reading “Introducing the RAIF: Luxembourg’s Newest Investment Fund”
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