Luxembourg Regulator calls on supervised entities to enforce restrictive measures against Russia and Belarus

In light of ongoing events across Russia and Ukraine, several Western countries including the US, the EU, the UK and Switzerland have imposed new sanctions on Russia and Belarus related businesses significantly extending existing sanctions and export controls. The current sanctions include restrictions on several Russian financial institutions, regional embargoes, blocking measures, sovereign debt [...]

By |2022-03-02T20:26:25+00:00March 2nd, 2022|Governments, International, Uncategorized|0 Comments

Luxembourg Data Protection Commission vigorously enforces GDPR

Introduction: Article 37 of GDPR requires the appointment of a Data Protection Officer (“DPO”). The appointment of a DPO is a critical compliance requirement and recent decisions of the Luxembourg Data Protection Commission (a.k.a the “CNPD”) illustrate the implications of a failure to appoint a DPO, as well as the failure to adhere to GDPR’s [...]

By |2022-03-21T16:30:26+00:00November 27th, 2021|Financial, Governments, International|0 Comments

Litigation Speed Read: Luxembourg Litigation Reform

GENERAL GUIDING PRINCIPLES: Modernization of the Luxembourg civil and commercial judicial rules. Revaluations of the court thresholds.  The lower courts (“juge de paix”) have jurisdiction in civil and commercial cases for up to EUR 15,000. Restrictions on appeal.  All judgments below EUR 2,000 are non-appealable. Procedural changes.  Appeals from the lower courts will follow the [...]

By |2022-03-21T16:49:31+00:00July 2nd, 2021|Acquisitions, Financial, Governments|0 Comments

BREXIT and implications on recognition and execution of UK judgements in Luxembourg

Overview Within the framework of European Union (EU) Regulations, the recognition and the execution of judicial decisions rendered by the courts of the EU Member States was greatly simplified. Pursuant to Regulation (EU) No 1215/2012 of the European Parliament and of the Council of 12 December 2012, on jurisdiction and the recognition and enforcement of judgments in [...]

By |2022-02-23T16:50:25+00:00May 18th, 2021|Acquisitions, Financial, Governments, Taxes|0 Comments
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