AML/CFT – Anti-Money Laundering and Countering the Financing of Terrorism
Money laundering and terrorism financing are threats that require constant vigilance. Pressure and regulatory scrutiny are intensifying at both national and international level, with professionals increasingly facing complex global AML/CFT rules, including those stemming from targeted financial sanctions. This has led to a significant rise in supervisory action and regulatory expectations, creating an almost zero-tolerance environment.
Implementation of CSRD into Luxembourg law: expanded sustainability reporting obligations for Luxembourg and foreign undertakings
Bill of law 8370 implementing the CSRD in Luxembourg will bring significant changes to the reporting obligations of in-scope undertakings in order to provide a comprehensive overview of the social, environmental, and governance impacts of these undertakings, contributing to greater transparency and accountability.
Protection of whistle-blowers: what you need to know about the new law
On 16 May 2023, Bill of law No. 7945 was exempted from the second constitutional vote, meaning that Luxembourg will soon have a whistleblowing law, which will significantly impact employers.
Transparent and predictable working conditions approved by Parliament
Employers are subject to new obligations after Parliament voted through the law implementing the EU Directive on transparent and predictable working conditions.
New rules for highly qualified third-country workers
A new law significantly eases the work and residence conditions for highly qualified workers who are third-country nationals.
Back to 2024 – Forward to 2025
We are delighted to share Arendt’s summary of the key Luxembourg and EU legislative, regulatory and case law developments in 2024, along with an overview of what we expect in early 2025. Reflect on this year’s significant events and prepare for next year’s challenges!
Competition Law – Dos and Don’ts
With increasing attention to governance and regulatory aspects, mastering the art of proper organization and meticulous documentation of AGMs /EGMs isn't just important—it's absolutely paramount. During this training session, you will experience different simulations and hands-on exercises practising the skills of organising, conducting and documenting AGMs / EGMs through engaging case studies and real-life scenarios.
Key modifications to Luxembourg RBE and RCS Laws
On 19 December 2024, the Luxembourg Parliament adopted bill of law 7961 (Law), amending the law of 13 January 2019 establishing a register of beneficial owners (RBE Law) and the law of 19 December 2002 on the trade and companies register and the accounting and annual accounts of companies (RCS Law).
The criminal liability of legal persons and conducting officers
With increasing attention to governance and regulatory aspects, mastering the art of proper organization and meticulous documentation of AGMs /EGMs isn't just important—it's absolutely paramount. During this training session, you will experience different simulations and hands-on exercises practising the skills of organising, conducting and documenting AGMs / EGMs through engaging case studies and real-life scenarios.
Cross-border transactions: what’s new for employment law?
Significant changes are on the horizon for employers and their employees in the context of cross-border mergers, divisions and conversions.
Modernising the Luxembourg fund toolbox
Luxembourg further increases the attractiveness and competitiveness of its financial centre through targeted improvements to the Luxembourg fund rules.
Parliament votes to reform Luxembourg arbitration law: what you need to know about the new law
On 23 March 2023 the Luxembourg Parliament voted to reform and modernise Luxembourg arbitration law through changes to the New Code of Civil Procedure. The new law will take effect after it is published in the Mémorial (Luxembourg Official Journal).
New rights to special leave and flexible working arrangements
Employees will soon be entitled to two new forms of special leave and to request flexible working arrangements in order to enjoy a better work-life balance. Same-sex couples will be able to take 10 days of special leave for the birth of a child.
New law on public holidays
New rules for scenarios in which two public holidays fall on the same day come into force very soon.
Terms of Business Arendt Investor Services
General terms of business of Arendt Investor Services S.A.
DORA implementation in Luxembourg
The Luxembourg law implementing certain aspects of the Digital Operational Resilience Act (DORA) and implementing Directive 2022/2556 has just been published. For the purpose of enforcing DORA, the CSSF and the CAA have now been given extensive supervisory and investigatory powers and can also impose heavy administrative sanctions and other measures in cases of violation of specific provisions of the regulation.
Blockchain Law III: strengthening the rules on collateral over digital assets
The Luxembourg Parliament voted Bill of law No. 8055 on certain aspects of the DLT Pilot Regime into law on 14 March 2023. It introduces specific rules for financial collateral arrangements and is the third Luxembourg law on DLT/Blockchain (“Blockchain Law III”).
AIFM Law
The directive seeks to ensure the establishment of robust risk and liquidity management systems while also enhancing transparency for investors.