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


Paul Mousel


Banking & Financial Services, Insurance & Reinsurance Law, Commercial & Insolvency

Philippe-Emmanuel Partsch


EU Financial & Competition Law

Max Kremer


Private Wealth


MiFID 2 third country access: the Luxembourg temporary regime now clarified by the CSSF

On 12 April 2019, the CSSF released its Circular letter 19/716 on the provision in Luxembourg of investment services or performance of investment activities and ancillary services in accordance with Article 32-1 of the law of 5 April 1993 on the financial sector, as amended (the...

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Financial reporting requirements for funds
Corporate Governance and liabilities of the management body
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