A new law allowing the issue, holding and maintenance of dematerialised securities entirely on secured electronic registration systems, such as DLT or databases, managed by central account keepers, entered into force on 22 January 2021 (the “Blockchain II Law”). The Blockchain II Law enables Luxembourg and EEA investment firms and credit institutions to operate as central account keepers for non-listed debt securities. The Luxembourg legislator marks another milestone for the use of new technologies in the issuance and circulation of transferable securities. The law of 22 January 2021 (the “Blockchain II Law”) amends the law of 6 April 2013 on dematerialised securities, as amended (the “Dematerialised Securities Law”) and the law of 5 April 1993 on the financial sector, as amended (the “Financial Sector Law”). The Blockchain II Law brings further innovation with respect to the regulation of dematerialised securities in the Grand Duchy of Luxembourg by allowing investment firms and credit institutions to hold and manage securities issuance accounts via secured electronic registration systems such as distributed ledger technology (“DLT”) (e.g., blockchain) and databases.
The EU Taxonomy Regulation establishes new disclosure obligations which will enter into force as of 1 January 2022.
It is with great pride that Ginkgo Solutions opens the doors of its brand new centre "The City by Ginkgo" in the very lively Avenue Pasteur in Limpertsberg: generous glass roofs, bright and comfortable work and meeting spaces, stylish and elegant decoration ... everything is thought out with care, anticipation and creativity.
The founders and management team of Avega are pleased to announce they have successfully concluded an MBO. The transaction results in Avega remaining 100% owned by its management, allowing it to continue building on the firm’s proven fundamentals - enabling private equity houses to establish their European investments, providing services throughout the whole life cycle while emphasising a personal focus on clients’ needs.