Schengen/Friedrichsdorf, December 16th, 2021 PM-International AG donates 1.51 million Euros to the relief, development, and advocacy organization World Vision. The company has been supporting children around the globe for almost 20 years and is the largest corporate sponsor of World Vision. The donation will benefit the company’s 4,000 sponsored children around the world in … Continued
Regulatory update: CSSF guidance on virtual assets On 29 November 2021, the CSSF provided guidance to the industry with respect to virtual assets, by publishing a Communiqué (the “Statement”) and frequently asked questions for undertakings for collective investments (FAQ – Virtual assets (UCIs) (the “FAQ”).[1] Key takeaway points of the Statement The CSSF identifies three … Continued
This certification distinguishes the best organizations that consistently seek to improve their employee experience and recognizes DSM’s commitment to building and maintaining a high-trust culture. “We are delighted to share that DSM Avocats à la Cour is once again a certified Great Place To Work, this time for 2021/2022. We see this as an acknowledgement … Continued
Sustainable Finance update (asset management): CSSF announces fast track procedure for Taxonomy Regulation compliance by 1 January 2022 The CSSF announced in its communication (available here) published on 2 December 2021 that it has put in place a fast track procedure to facilitate compliance with the taxonomy-related disclosure requirements of articles 5, 6 and … Continued
There are no new events planned for the month of December 2021 as we are in the process now of organising our events for 2022. Our weekly newsletter will continue until the middle of December! This just leaves us to wish all our Members & friends a very Merry Christmas & a Happy New Year!
PRESS RELEASE Luxembourg, 25 November 2021 Banque Internationale à Luxembourg Signs the UN Principles for Responsible Banking Banque Internationale à Luxembourg (BIL) has become an official Signatory of the UN Principles for Responsible Banking – a single framework for a sustainable banking industry … Continued
2021 The event was really a last minute arrangement due to the health crisis in Luxembourg and around the world and the fact that Amcham had cancelled last year’s event due to this! Paul Schonenberg, Chairman of Amcham, in his address, thanked the invited guest for the evening, notably, Luxembourg’s Minister of Finance, Pierre Gramegna, acting … Continued
Updated CSSF FAQs on UCI Law and MMF Regulation: Change of regulatory practice concerning the holding of ancillary liquid assets by UCITS On 3 November 2021, the CSSF has announced in its Press Release 21/26 that it has published updated versions of (i) its FAQs on the Luxembourg law of 17 December 2010 relating … Continued
Distributions of dividends (ordinary and interim), share premium and account 115 11 November 2021 | By Céline Pignon Want to know more on distributions of dividends, share premium and account 115 in Luxembourg? Our latest article will help you understand these concepts and the distribution conditions. Dividend What is a dividend, at which conditions can … Continued
Luxembourg Business Register: Upcoming requirements for individuals – get ready! 4 November 2021 | By Xavier Guzman, Ambroise Foerster and Gertjan Dewilde According to a notice issued by the Luxembourg Business Register (LBR), with effect as of the end of March 2022 (exact date to be confirmed), individuals and entities registered with the … Continued
PRESS RELEASE Luxembourg, 4 November 2021 Seated, from left to right : Tom Lessel, Head of Corporate Banking, BIL, and Stéphanie Damgé, director of Jonk Entrepreneuren Luxembourg asbl Standing, from left to right : Philippe Weisen, Corporate Relationship Manager, BIL and Alessandra Simonelli, Head of Sustainable Development (BIL) Banque Internationale … Continued
General Members News Banque Internationale à Luxembourg is pleased to announce that four of the funds in its BIL Invest range (BIL Invest Patrimonial Defensive, BIL Invest Patrimonial Low, BIL Invest Patrimonial Medium and BIL Invest Patrimonial High) have obtained the LuxFLAG ESG label for a period of one year. The four BIL Invest Patrimonial funds, which … Continued