In line with international and European developments, Ireland has introduced a new regime to provide for a process to allow for certain transactions that may present risks to the security or public order of the State to be...more
On 28 November 2022, the European Parliament and the Council of the European Union adopted the Corporate Sustainability Reporting Directive (the “CSRD”). This Directive represents a significant step in the European Union’s...more
Private debt funds, also known as private credit funds, have emerged as powerful investment vehicles, offering diversification and attractive risk-adjusted returns in today's challenging financial markets. Luxembourg, with...more
Luxembourg is currently the largest captive reinsurance market in the European Union. Most reinsurance companies domiciled in Luxembourg are captive-type – i.e., subsidiaries within a group that are insuring or – probably...more
The EU has adopted the final text of the Directive on consumer credits to revise and replace the Consumer Credit Directive (2008/48/EC) (CCD II). The next step will be publication in the Official Journal of the EU and then...more
On 6 April 2022, the European Commission has published the final Regulatory Technical Standards (RTS) supplementing the Sustainable Finance Disclosure Regulation (SFDR), which shall apply from 1 January 2023. The RTS will...more
On 22 December 2021, the Luxembourg financial sector authority, the Commission de Surveillance du Secteur Financier (the “CSSF”), published three sectoral circulars (CSSF Circulars 21/788, 21/789 and 21/790) which aim at...more