ALFI responds to the ESMA consultation on CSDR Penalty Mechanism
On 29 February 2024, ALFI responded to the ESMA consultation paper on technical advice on CSDR penalty mechanism.
Tag: Regulation
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ECJ ruled: no illegal State aid in the European Commission’s Amazon case
ECJ ruled: no illegal State aid in the European Commission's Amazon case Today, the European Court of Justice (“ECJ”) annulled the decision of the Commission[1] that had decided that Luxembourg had granted Amazon unlawful State aid of about EUR 250 million in a tax ruling confirming the arm's length nature of deductible royalty payments by
Guichet updates business permit applications
Update of our information on the application for a business permit.
ADEM: Hiring of a third-country national
The Adem has just issued guidelines for Luxembourg employers who wish to employ third-country nationals.
DLA: Luxembourg business license update
On 20 July 2023, the Luxembourg Parliament adopted a new law that reforms the right of establishment in Luxembourg (the New Law).
DLA: Screening of foreign direct investments: Luxembourg’s balancing act with FDI Regulation
Screening of foreign direct investments: Luxembourg’s balancing act with FDI Regulation
Regulation on Markets in Crypto-Assets (MiCA) and more
On 9 June 2023, both the Markets in Crypto-Assets Regulation (MiCA or MICAR) and the recast Regulation on information accompanying transfers of funds and certain crypto-assets and amending Directive (EU) 2015/849 (TFR) were published in the Official Journal of the European Union. For the full text of the press release we refer you to the
Moventum: Unconvincing deal between Credit Suisse and UBS
Luxembourg, 20 March 2023 – The buyout of failing Credit Suisse by competitor UBS is unconvincing and will not soothe markets for the time being. This is what Moventum’s Managing Director and Head of Asset Management Carsten Gerlinger anticipates. “In effect, a façade is being puttied with a lot of political central bank money, but it is the engine room at Credit Suisse that is burning”, says Gerlinger. “Hence, a new Swiss problem bank could emerge from combining a strong bank and a weak one.”
VOLODINE LEGAL: Is it time for an international banking regulation?
The recent Credit Suisse proposed acquisition by UBS and the saga of the collapse of several banks in the US (SVB and Signature Bank), may be a trigger that it is time to rethink banking regulation.
