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In ESG

Luxembourg: EU Omnibus Simplification Package — implications for Luxembourg entities and investment funds

by , , and 5 Mins Read

On 26 February 2025, the European Commission adopted the Omnibus Simplification Package, aimed at reducing regulatory burdens related to sustainability reporting for European companies. This initiative amends several key directives, including the Corporate Sustainability Reporting Directive, the Corporate Sustainability Due Diligence Directive and the EU Taxonomy Regulation.
These proposals aim to streamline reporting obligations, enhance competitiveness and adjust the scope and timelines of existing regulations.

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In Corporate Compliance

Luxembourg: Reform on conversions, mergers and divisions in the wake of the Mobility Directive

by and 1 Min Read

On 23 January 2025, the Luxembourg parliament adopted draft Bill No. 8053 (“Law”), transposing Directive (EU) 2019/2121 on cross-border conversions, mergers and divisions, commonly known as the Mobility Directive, into Luxembourg law.
This Law introduces significant changes to Luxembourg’s legal framework on corporate conversions, mergers and divisions, particularly for cross-border operations within the European Economic Area (EEA), while providing certain clarifications on domestic and non-EEA cross-border transactions, which are otherwise maintained.

In AML & Financial Services Regulatory

Luxembourg: Restricted access to the Register of Beneficial Owners — a shift toward confidentiality

by , , , , and 7 Mins Read

On 27 January 2025, the law deriving from draft Bill No. 7961 (“Law”) introducing significant changes to the laws governing the Register of Beneficial Owners (Registre des BĂ©nĂ©ficiaires Effectifs (RBE)) and the Trade and Companies Register (Registre de Commerce et des SociĂ©tĂ©s) was published in the Luxembourg official journal.
These changes align with the ruling of the Court of Justice of the European Union of 22 November 2022, aiming to balance transparency for anti-money laundering and countering the financing of terrorism purposes with enhanced privacy protections.

In Corporate Compliance

Luxembourg: New accounting thresholds in Luxembourg — what companies and groups need to know

by and 4 Mins Read

The Grand-Ducal Regulation of 25 October 2024 (GDR) introduced new accounting thresholds in Luxembourg, aligning with Delegated Directive (EU) 2023/2775, which was adopted on 17 October 2023.
This measure aims to increase the accounting thresholds applicable to companies and groups in response to the inflation observed between 2013 (adoption of the 2013 EU Accounting Directive) and 2023, and to reduce administrative burdens for businesses.
For that purpose, the GDR amends the provisions of the Luxembourg law on commercial companies dated 10 August 1915 as amended and the Luxembourg law on the register of commerce and companies and accounting dated 19 December 2002 as amended.

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In Employment

Luxembourg: Transparency and predictability of working conditions — Upcoming changes

by and 7 Mins Read

On 26 June 2024, the Luxembourg parliament adopted draft bill No. 8070 (“Law”). The Law aims to implement into Luxembourg law Directive (EU) 2019/1152 of the European Parliament and of the Council of 20 June 2019 on transparent and predictable working conditions in the EU (“Directive”).

The Directive aims to enhance transparent and predictable working conditions across the EU by mandating comprehensive employment contract information and ensuring timely communication of essential job details to employees. It seeks to improve job security and provide a clear legal framework for employment relationships.

In AML & Financial Services Regulatory

Luxembourg: Implementation and enforcement of the Digital Operational Resilience Act into Luxembourg law

by and 5 Mins Read

On 2 July 2024, the Luxembourg law (“Law”) implementing the new EU framework for the effective and harmonized management of digital risks in the financial sector, namely the Digital Operational Resilience Act (DORA), was published in the Luxembourg official gazette. Like DORA, the Law will apply from 17 January 2025.

In Employment

Luxembourg: New law implementing EU provisions in favor of non-European highly qualified employees

by and 5 Mins Read

On 15 May 2024, the Luxembourg Parliament adopted draft bill No. 8304 (“Law”), which aims to implement Directive (EU) 2021/1883 of 20 October 2021 on the conditions of entry and residence of third-country nationals for the purposes of highly qualified employment (“Directive”).
The primary goal of the Directive is to update the EU Blue Card rules, providing a more targeted legal migration system to address skill shortages and facilitate entry for highly qualified workers. More specifically, it provides for more flexible admission conditions for highly skilled foreign workers, notably in terms of the minimum wage threshold, enhanced rights, more favorable conditions for family reunification, and the possibility of traveling and working more easily in other EU member states.

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In Antitrust / Competition

Luxembourg: Upcoming merger control regime

by and 8 Mins Read

Luxembourg is preparing to implement in its national law an ex ante merger control regime which includes a mandatory notification requirement with turnover thresholds and a standstill obligation.
The purpose of Draft Bill No. 8296 (“Bill”), recently submitted to the Luxembourg parliament, is to give the Luxembourg Competition Authority the power to assess in advance whether a corporate concentration significantly hampers competition in Luxembourg.
The Bill currently provides that the law will only enter into force four months after its publication in the Luxembourg official journal. This should give businesses time to adapt to the new obligations.

In Corporate Compliance

Luxembourg: Non-profit associations and foundations reform

by and 6 Mins Read

On 19 September 2023, the law dated 7 August 2023 overhauling the centenary law of associations and foundations (“Law”) was published in the Luxembourg official gazette. The Law repeals the law of 21 April 1928 on non-profit associations and foundations. The Law aims to lighten and modernize the legal framework for non-profit associations and foundations and provide more accounting transparency to guarantee better control and thus create a new legal framework that meets the current associative and charitable sector’s needs.

In Employment

Luxembourg: New leave for employees and new measures to ensure better work-life balance introduced

by and 4 Mins Read

On 17 August 2023, the law transposing the EU Directive 2019/1158 of 20 June 2019 on work-life balance for parents and carers was published in the Luxembourg official gazette.
On 18 August 2023, the law amending the legal provisions on paternity and adoption leave was published in the Luxembourg official gazette.

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