General Members News In 2020, BIL Group demonstrated its resilience and support to the economy in a context marked by the health crisis. Net income after tax : EUR 101 million, -10% (EUR 112 million in 2019) Assets under management : EUR 43.7 billion (EUR 43.5 billion in 2019) Total balance sheet : EUR 6 billion, +8.9% (EUR 28.1 billion in 2019) Customer deposits:
General Members News NautaDutilh Avocats Luxembourg is pleased to announce three promotions to senior associate. Florence Remouchamps (Litigation & Arbitration): Florence represents a wide range of corporate clients and banks in commercial, corporate and insolvency-related arbitration and litigation. David Al Mari (Corporate M&A): David advises clients on a wide range of corporate matters, including cross-border mergers and acquisitions,
General Members News LUXEMBOURG— On 2 April 2021, the Accidental Americans Association (AAA) filed an appeal with the Luxembourg Administrative Tribunal against a decision of the Luxembourg tax authorities (ACD) to refuse to halt transfers of personal data under FATCA. The AAA considers such transfers to be illegal and asks the Administrative Tribunal to submit several preliminary questions
General Members News NautaDutilh Avocats Luxembourg is pleased to announce the appointment of a new partner and two counsel as of 1 April 2021. These appointments further strengthen our IP & Tech Law and our Banking & Finance practices. Our new partner is: Sara Gerling – Banking & Finance: Sara advises primarily institutional clients on all types of international
General Members News It’s a Family Affair We are excited to announce the launch of a new Au Pair Agency in Luxembourg: LuxAuPair as well as a partnership with the Service National de la Jeunesse (SNJ) LUXEMBOURG (February 10th, 2021) – The beginning of this new year marks the official launch of LuxAuPair, an Au Pair agency based
General Members News Expansion and strengthening of support measures for businesses affected by the COVID-19 pandemic Communicated https://gouvernement.lu/fr/actualites/toutes_actualites/communiques/2021/02-fevrier/15-aides-covid19.html 15.02.2021 Given that the COVID-19 pandemic and its economic consequences persist and that the European Commission has broadened and extended the temporary framework for state aid, the Luxembourg government has decided to strengthen its support measures for companies affected by
General Members News PRESS RELEASE The founders and management team of Avega are pleased to announce they have successfully concluded an MBO. The transaction results in Avega remaining 100% owned by its management, allowing it to continue building on the firm’s proven fundamentals – enabling private equity houses to establish their European investments, providing services throughout the whole
General Members News For 5 years now, Simon has been assisting investment professionals with structuring and establishing investment vehicles, either in regulated or unregulated form, investing in various types of assets. His previous 3-years-in-house position at a global asset manager in Luxembourg allows him to see legal aspects surrounding investment vehicles from various angles, and makes his advice
General Members News Luxembourg, 19 January 2021 In “The way we live now”, Banque Internationale à Luxembourg (BIL) investment experts discuss the new reality ushered in by the Covid-19 pandemic, the digital trends that will stick and the renewed focus on sustainability. They urge investors to stay perseverant and disciplined, noting that a long-term mindset is essential
General Members News As of today, small and medium-sized businesses (SMEs) can apply for financing under a €20 million grant scheme to help EU companies to make better use of intellectual property rights. With the support of the Commission and the European Union Intellectual Property Office (EUIPO), the Ideas Powered for Business SME Fund aims to help firms develop their intellectual property (IP)
Dear Colleagues, Dear friends, Yesterday’s mob violence in the Capitol of the United States of America was shockingly unexpected, unforgivable and deeply emotionally traumatic. My colleagues and I condemn it in the strongest possible terms. We insist that every person who participated in illegal acts must be arrested and prosecuted to the fullest extent allowed
Over the past year the AMCHAM tax committee has been deeply involved in the drafting of FAQs related to issues raised in the context of the rules against tax avoidance practices that directly affect the functioning of the internal market and, more in particular, the treatment of hybrid mismatches as laid down by Council Directive (EU)
