Stéphane Ebel
Maritime law divides Mexico and Luxembourg:a luxembourg vessel detained by Mexico
On the 3rd June of 2024, in a press release of the International Tribunal for the Law of the Sea* (hereinafter “ITLOS”), the international maritime community discovered that the Grand Duchy of Luxembourg had just instituted proceedings before the said Court against Mexico in a dispute regarding the detention by the Mexican authorities of the…
DORA Regulation: New Law Published
On 2 July 2024, the law implementing Regulation (EU) 2022/2554 of the European Parliament and of the Council of 14 December 2022 on the digital operational resilience of the financial sector (the “DORA Regulation“) was published in the Mémorial. This publication is an opportunity to take a full overview of DORA’s requirements. What is the…
Understanding the Key Changes in AIFMID II
After the political agreement reached at European level on July 2023 on the revision of Directive 2011/61/EU on Alternative Investment Fund Managers (AIFMD II), the final text of such revision embedded into Directive (EU) 2024/927 has been adopted by the European Parliament in February 2024 and published in the EU’s Official Journal on 26 March…
Adaptation project of the General Tax Law, the Income Tax Law and the Net Wealth Tax Law
SUMMARY On 23 May 2024, the bill of law No. 8388 (the “Bill”) was submitted to the Chamber of deputies to amend a series of direct tax provisions. The Bill is subdivided into three sections: a first one to simplify the minimum net wealth tax (the “MNWT”) regime (I.) ; a second one to adjust…
Most EU regions record an increase in real GDP in 2022
Luxembourg was one of the leading EU regions for GDP per capita in 2022, at 257% of the EU average: https://bit.ly/3TcLXZP Most EU regions recorded an increase in real GDP in 2022 (231 out of 242 regions). The Bonn & Schmitt team have been involved in many of the major transactions across Luxembourg over the…
Intellectual Property
Bonn & Schmitt’s practice involves trademark and copyright infringement litigation, as well as trade secret and unfair competition litigation. The firm is also a member of APSI (Association of Professionals of the Information Society) and of the AIPPI (Association Internationale pour la protection de la Propriété Intellectuelle). For further information, please visit: https://lnkd.in/enhc4Hp3
2022 LUXEMBOURG BUDGET : MAIN TAX MEASURES
The Luxembourg budget for 2023 (the “Budget”) has been adopted by the Luxembourg Parliament on 15 December 2022. While it contains no major tax reforms, there are various tax clarifications and reductions. These are as follows. Clarification on reverse hybrid rules The so-called “reverse hybrid rules” were implemented in Luxembourg domestic law under Article 168quater…
European Commission vs. FIAT Group: a consistent and satisfactory decision
On November 8, 2022, in joint cases 885/19 and 898/19 (appeal against the judgment of the General Court of the European Union – the “General Court” of September 24, 2019, Luxembourg and Fiat Chrysler Finance Europe v. Commission, Cases T-755/15 and T-759/15) the Court of Justice of the European Union (“CJEU”) annulled the decision of…
Extended delays to hold annual general meeting and file annual accounts
By a new law adopted on May 22, 2020 and published on May 29, 2020 (hereinafter the “Law”), the Luxembourg parliament decided to extend for three months the deadline for filing / publishing annual accounts, consolidated accounts and that reports relating thereto and the sanctions relating thereto with regard to directors / managers, as referred…