According to the latest Standard Eurobarometer survey, which measures public opinion in the European Union (EU), residents in Luxembourg displayed a predominantly positive spirit, particularly concerning the economy, both at the national level and at the personal level, in winter 2022-2023.
Linklaters Luxembourg is expanding its senior team with the election to partner of Danièle Buchler and Raoul Heinen and the appointment of Florence Forster and Adrien Timmermans as new counsel.
RTL Reports that Laurence Zenner has been named new CEO of Creos Luxembourg S.A., a position she will take over on 1 July 2023. Zenner has simultaneously been appointed to the executive committee of Encevo S.A., the parent company of Creos.
On 30 March, the Minister for Tourism, Lex Delles, presented the new “Business Events 2030” strategy. The business events sector – which includes conferences, congresses, meetings, exhibitions, trade fairs, corporate events, incentives and special events – has great potential for development.
Banque Internationale à Luxembourg (BIL) records a strong performance in a year of many challenges. Thanks to resilient commercial activities, and a favourable interest rate environment, the Bank successfully reported a net income of EUR 153 million.
Dear AMCHAM Members, Partners and Friends! Welcome to our latest AMCHAM Newsletter, Spring appears to be a bit busier than usual. Most especially it seems that every social event taking place has an unusually strong attendance by politicians registered as candidates in the upcoming summer elections at the communes and for the Chamber of
Their Royal Highnesses Prince Guillaume, Hereditary Grand Duke of Luxembourg and Princess Stéphanie, Hereditary Grand Duchess of Luxembourg have announced the birth of their second child.
Luxembourg introduced an exemption regime regarding the holding of shareholders and board members meetings during the COVID-19 pandemic through the law of 23 September 2020 relating to measures on the holding of meetings in companies and other legal entities (the “Law”). The exemption regime took an effective end on 1st January 2023.
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.”
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.
In the 2023 awards, announced on 8 March, TMF Group was named ‘Best ManCo solution’. TMF Group’s ManCo solution provides a comprehensive package of management services to investment funds, including regulatory compliance, risk management, financial reporting and administration.
Following his decision to stand as head of list of his party in the upcoming Luxembourg general elections, Luc Frieden resigned today as Chair of the Board of Directors of Banque Internationale à Luxembourg (BIL).