BSP is pleased to announce the promotion of four new partners, effective 1st January 2022. The partnership now consists of 16 partners, 9 women and 7 men. Gaëlle Felly: She regularly advises a wide range of banking, private equity and corporate clients from a direct and indirect tax perspective. Over the last 15 years she
Mandatory Covid-Check at the workspace as of 15 January 2022 Following up on recent government announcements, the Bill of law No. 7924 was voted on 16 December 2021, amending the Law of 17 July 2020 on measures to combat Covid-19 (the “Law”) and comes into force from Friday 17 December 2021. One of the
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
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
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
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
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
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
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
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
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
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
