BCC has taken the lead to translate the Luxembourg law implementing DAC6 into English.
BA Hons - Business Studies. Globally recognised British Degree in Luxembourg.
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The UK left the European Union on 31st January 2020, and the transition period comes to an end in December this year. It is vital that businesses take action now to get ready for a new border operating environment from 1st January 2021.
The current Luxembourgish legal framework regulates the access and use of cannabis for medical use, but is still criminalizing the possession and production of cannabis for recreational use. The Grand-Duchy announced its plan to legalize cannabis for recreational use and production in Luxembourg. A legalized recreational cannabis market would allow market participants to use the full scale of the financial centre’s holding structures and instruments for European-wide operations.
After a recruitment process of several weeks, Beatriz Marin Dawid has been selected as “CEO for 1 Month” and is shadowing Fabrice Poncé, CEO The Adecco Group Luxembourg, during 1 month this summer..
The law on professional payment guarantees dated 10 July 2020 (the “Professional Guarantee Law”) entered into force on 17 July 2020. The Professional Guarantee Law introduced a new type of flexible guarantee of payment (the “Professional Guarantee”). The new regime has two key principles: (i) contractual freedom and (ii) legal certainty. Parties may freely negotiate the terms of the Professional Guarantee. Parties have to expressly opt for the new regime. The Professional Guarantee is particularly useful for syndicated loans, synthetic securitisations, international capital markets transactions and credit enhancement schemes.
Spring Professional Luxembourg and Adecco Luxembourg, in collaboration in particular with ADEM, are partners in the Luxembourg government's ambitious Ecolog project to carry out large-scale Covid screening tests among residents and border residents of the Grand Duchy.
This is the 11th episode of the Wildgen COVID-19 webcast series. In this new episode, Mark Shaw gives a quick run-down of where we are in terms of financial services regulation, corporate law and tax. A look back over the various responses to the COVID-19 pandemic to see which are still applicable while we are in this period between the initial wave and our ultimate return to normality. For the purposes of this update, we’ll assume that firms have adapted to the crisis, and have well established remote working arrangements with satisfactory IT security measures etc.. Watch the webcast below.
Wildgen Announces 2020 Promotions
The Luxembourg business law firm Wildgen is proud to announce the appointment of Yann Payen, Dr. Eric Perru and Mark Shaw to the position of equity partner.
(Director of School)