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Luxembourg - October 12 2012
A draft bill of law introducing the AIFM Directive into the Luxembourg legal framework has been submitted to the Luxembourg Parliament on 24 August 2012.
Luxembourg - February 1 2010
In 2004, the need for a continental European alternative to Anglo-American fund structures prompted the Luxembourg legislator to create a lightly regulated private-equity and venture-capital vehicle that benefits from Europe's specific legal environment.
Luxembourg - February 1 2010
The Luxembourg legislator has by enacting the law of 13 February 2007 on specialized investment funds (the SIF Law) created a flexible new investment structure allowing any sponsor and/or asset manager (without a need to be approved by the Luxembourg supervisory authority (the Commission de Surveillance du Secteur Financier, CSSF) to offer to qualified (well-informed) investors tailor-made financial products with a wide range of eligible assets (subject to risk diversification) and less reporting requirements than under the law of 19 July 1991 on undertakings for collective investment (UCI) (the 1991 Law, which was replaced) and the law of 20 December 2002 on UCIs (the 2002 Law), and under a wide range of available legal forms.
Luxembourg - January 28 2010
On 12 January 2010, the Luxembourg tax authorities issued a circular laying down guidelines for the tax treatment of several Islamic financial instruments.
Luxembourg - November 17 2009
For business-to-business transactions (i.e. between VAT taxpayers), the general rule with respect to the place of supply of services will be completely overturned: as from 1 January 2010, these transactions will be taxable in the country where the recipient is established rather than where the supplier is established.
