General Members News 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 a Luxembourg operating company to a tax transparent Luxembourg partnership.
General Members News The ILNAS (The Luxembourg Institute of Standardisation, Accreditation, Safety and Quality of Products and Services – a public administration under the authority of the Minister of the Economy) is hosting a training workshop aimed at explaining how technical standards can support organizations in the development of artificial intelligence (AI) applications.
General Members News Update of our information on the application for a business permit.
General Members News The Adem has just issued guidelines for Luxembourg employers who wish to employ third-country nationals.
General Members News On 20 July 2023, the Luxembourg Parliament adopted a new law that reforms the right of establishment in Luxembourg (the New Law).
General Members News Screening of foreign direct investments: Luxembourg’s balancing act with FDI Regulation
General Members News Regulation on Markets in Crypto-Assets (MiCA) and Regulation on information accompanying transfers of funds and certain crypto-assets
General Members News Zalando (ZALG.DE), Europe’s biggest online fashion retailer, has made the first legal challenge to new EU content rules, suing the European Commission for putting it in the same category as Alphabet’s (GOOGL.O) Google and Meta Platforms (META.O).
General Members News After talks with EU officials in Sweden, US Secretary of State Antony Blinken told reporters that Western partners felt the “fierce urgency” to act and would ask “like-minded countries” to join the voluntary code of conduct.
General Members News 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.”
General Members News 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.
General Members News Amcham Member Brouxel & Rabia has published a brochure entitled “What you need to know about the current regulation regarding work permits and family reunifications procedures in Luxembourg.”