Arendt & Merdernach
As of 1 October 2013 the index applicable to employees’ remuneration will increase from 756.27 to 775.17.
This raise implies a mandatory salary increase of 2.5% in gross salaries paid under Luxembourg employment contracts.
Topics: AIFMD implemented in Luxembourg – the essentials; Draft bill on business preservation and modernisation of bankruptcy law; Draft bill aiming at reforming social dialogue; New legislation on parental leave; Recent amendments to the criminal record and benefit thereof for employers; New EU prudential rules for banks and investment firms – “CRD 4”; New legislation introducing the concept of professionals of the insurance sector (“PSA”)
Topics : fight against money laundering and terrorist financing, criminal settlement, electronic achieving, remuneration policies of AIFMs, AIFMD implementing measures.
Topics: Banking secrecy, Luxembourg law of 21 July 2012, General Court’s MasterCard judgment, Professionals of the insurance sector, Special Limited Partnership (SLP) Regime, ESMA Q&A on KIID for UCITS, European regulation.
Compulsory salary increase as of 1st October 2012
Topics: Package Retail Investment Products (PRIPS), Insurance Mediation Directive (IMD2), UCITS V.
Topics: E-money Directive in Luxembourg, Cayman investment fund, Insurance and Reinsurance law: Circular letters 11/2 and 11/7, Marketing of UCITS.
Topics: Implementation of UCITS IV, AIFM Directive, Cluster munitions, Energy performance, Law of 26 July 2010.
Topics: Luxembourg Stock Exchange, International debt securities, Risk measurement, Remuneration policies in the financial sector, Criminal liability.
Topics: Market Abuse Law, Luxembourg listed issuers, Community law into national law, Case C-101/08, Accounting Standards Commission, Assets of insurance companies, UCITS IV, Collective investments, Trash ratio.
Topics: Public procurement, Capital protection rules (Directive 2006/68/EC), Trade and companies’ register, Cross-border mergers, Criminal liability if directors, Controlled management procedures, Circular letter 09/6, Alternative investment fund, UCITS.