Industry participants are questioning the motivation behind and benefits of Hong Kong's new agreement with Switzerland on mutual recognition of funds.
Intervention of our Partner and Head of Hong Kong office, Stéphane Karolczuk, in this article firstly published by The Asian Investor.
To empower youth to tackle tomorrow’s challenges, Arendt & Medernach is organizing the Arendt Young Leaders Days, a two days forum, allowing European young lawyers & leaders to exchange on upcoming opportunities.
Luxembourg and China have developed a long-lasting and significant business relationship. Established diplomatic protocols extend back over 40 years and we are observing increasingly close business ties between the two countries.China is expanding outwards, with eyes decidedly turned towards Europe. The attractiveness of the financial sector and legal environment of the Grand Duchy has encouraged Chinese companies and entrepreneurs to establish their European domiciles, headquarters and/or investment structures in Luxembourg where they benefit from a business friendly environment, familiarity with Chinese business as well as the EU passport. This has also contributed to Luxembourg becoming one of the largest RMB centres outside China. In this context, Arendt & Medernach decided to open an office in Hong Kong in 2009.In this fifth edition of the Arendter, we will hear from the people who represent Luxembourg and its benefits for China as well as the economic actors from both countries who are working to develop their businesses. We will also keep you updated with expert legal advice on new Chinese investment opportunities.We hope you will enjoy reading our new issue.
The sixth Arendt Financial Law Forum takes place in Luxembourg today on Wednesday 27 April, 2016.This conference is unique in Luxembourg in that it takes place over one full day, features the most renowned international specialists in their domains and provides an opportunity to address various legal aspects of the financial sector in depth, from the point of view of various areas of law.This year, we will be focusing on a number of challenging issues: 1) wealthy families operating globally require advice in order to structure their assets in a tax compliant manner, 2) UCITS V imposes heavy duties on depositaries and 3) US authorities impose record fines on European companies which often seem ill-prepared when confronted with the US system. Case law provides legal certainty on many issues but not unfrequently creates new challenges for the legal profession, we will analyse the most recent trends in this area.These key topics will be addressed by expert guest speakers from the banking, fund and asset management sectors at an international level who will share their views with our senior legal experts in financial matters in what is expected to be a lively debate.These expert guest speakers who come in particular from the United States, Great Britain and Switzerland will take the time to broach each question raised.This event also represents an opportunity for Arendt & Medernach to renew its continual support for charitable associations by pledging to them the full amount of the registration fees. The Fondation Kriibskrank Kanner and the association Pour un Sourire d’Enfant can count on our renewed support every year.
Should you want more information about this event, do not hesitate to contact our events team.
Please click below to have a look at the detailed programme.
On April 20th 2015, the Council adopted its position at first reading on the revised directive on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing (the “4th AML Directive” or “Directive”), which repeals Directive 2005/60/EC of the European Parliament and of the Council (the “3rd AML Directive”) and Commission Directive 2006/70/EC. The decision will enable the European Parliament, with which a political agreement was reached on December 16th 2014, to adopt the final version of the text at a forthcoming plenary session. Member States will then have two years to implement the 4th AML Directive into national law. On April 20th 2015, the Council has also adopted its position at first reading of a regulation which will revise Regulation (EC) No 1781/2006 on information on the payer accompanying transfers of funds. This regulation is also still subject to adoption by the European Parliament.
2014 was a busy year, not least in respect of legal and regulatory changes that may impact your business. We are pleased to provide you with an overview of the major legal and regulatory developments under Luxembourg and EU law. This short flashback will enable you to keep track of the main legal trends which marked 2014 and those which we reasonably anticipate will arise in the near future. To read the full document, please click below.
In order to strengthen the EU’s policy of not recognising the annexation of Crimea and Sevastopol by Russia, the Council of the European Union has decided to reinforce the package of restrictive measures adopted on 23 June and 30 July targeting cooperation and exchanges with these regions. The recent Council Regulation (EU) No 1351/2014 (hereinafter the “New Regulation”) substantially broadens the former restrictions, notably the scope of the ban on investments. To read the full document please click on the document below.
Luxembourg, 16 December 2014 – Arendt & Medernach has the pleasure to announce the nomination of three new partners with effect from 1 January 2015: Sébastien Binard, Bob Calmes and Grégory Minne.
Sébastien Binard is a Partner in the Private Equity & Real Estate and Corporate Law, Mergers & Acquisitions practices of Arendt & Medernach.
Bob Calmes is resident Partner and Head of the New York office of Arendt & Medernach.
Grégory Minne is a Partner in the Banking & Financial Services and the Bank Lending & Structured Finance practices of Arendt & Medernach.
Read more about the three news partners in the documents attached
In view of the increasing gravity of the situation in Eastern Ukraine, the European Council has decided to reinforce the set of restrictive measures adopted on 30 and 31 July 2014 targeting cooperation and exchanges with the Russian Federation. These measures are intended most notably to further limit access to EU capital markets, no longer only for Russian state-owned financial institutions but also for companies active in the defence sector and in the energy sector. Despite certain exceptions, the prohibitions are widely applicable in terms of time and space. To read the full document please click on the link below.
We were very pleased to see the interest generated by the first edition of our magazine “the arendter”. Your enthusiastic feedback has encouraged us in our will to share updates and knowledge on legislative, regulatory, and economic topics.
As we outlined in our first edition, we will continue highlighting news on those sectors contributing to the balanced economic development of our country. Luxembourg has a great industrial tradition, so this time we will focus on the automotive industry which is well established in Luxembourg in both manufacturing
and assembly. It also showcases Luxembourg’s key advantages for multinational companies considering locating their business here. We hope you enjoy reading this new edition!
- PRIVATE WEALTH
Private foundations: meeting the wealth management needs of tomorrow
MiFID II: a step toward a more transparent and responsible financial system?
- COVER STORY
Luxembourg: in the driver’s seat
Dubai: creating a bridge between Luxembourg and the Middle East
New exhibition: “Vanités”, proposed by Valérie Belin
Customised to meet your needs
Cross-border AIF distribution: making a success of the passport
- MEET ARENDT
Meet Arendt around the world in the coming months
In response to the downing of the Malaysian Airlines Flight MH17 in Donetsk and in view of the gravity of the overall situation, the Council of the European Union has adopted new restrictive measures targeting cooperation and exchanges with the Russian Federation. These measures are intended most notably to limit access to EU capital markets for Russian state-owned financial institutions, impose a ban on trade in arms as well as on dual goods for military end-users and restrict Russian access to high-end technologies related to oil exploitation . Despite certain exceptions, the prohibitions are widely applicable in terms of time and space. Lastly, while sanctions may be imposed in the event of intentional breaches of the prohibitions, remedies are nevertheless available to any persons and entities adversely affected. To read the full document please click on the link below
We are pleased to announce that our annual Arendt Financial Law Forum will take place on 4 April 2017 in Luxembourg, at Arendt House. Click here to have a look at the full programme...>
MiFID II - As the number and scope of the rules to be introduced are significant, they will be presented over a cycle of three different seminars.>
We are pleased to announce that Arendt & Medernach is sponsoring the Luxembourg for Finance Financial Mission in China at the end of October.>
We are pleased to invite you to a "Survival kit seminar" on Wednesday 24 February 2016 which will focus on this regulatory tsunami you are facing.Our team members will clarify these recent changes one by one and address their immediate impacts for you and your business.>
Le 18 février prochain, notre Associé Grégory Minne, sera orateur lors de la conférence-débat "Le nouveau régime européen d'insolvabilité: perspective générale et éclairages particuliers pour le secteur financier" organisée par l'Association Luxembourgeoise des Juristes de Droit Bancaire à Luxembourg.>
Le 12 novembre prochain, notre associé, Grégory Minne animera la discussion "Compensation, mise en pension et transfert à titre de garantie : à quoi devez-vous être attentif ?" à la conférence d'actualité le jeudi 12 novembre 2015 à Luxembourg.>
Arendt & Medernach will be a sponsor of the ACA Insurance Day which will be held on 10 November 2015 in Luxembourg.>
We are delighted to inform you of our AIFMD Marketing Intelligence Seminar to take place in Luxembourg on Monday, 11 May 2015.>
Our conference on the Single Supervisory Mechanism (SSM) rules will take place on Tuesday 20 January at the Chambre de Commerce in Luxembourg.>
Since the recent law of 6 April 2013 Luxembourg companies and investment funds may issue securities in dematerialised form and convert existing registered or bearer securities (in individual or global form) into dematerialised securities. >