SJL is an official patron of the 58th international contemporary art Venice Biennale

SJL Jimenez Lunz has a longstanding involvement in the art, photography and design fields. For almost 10 years, the firm, through its Contemporary Art & Design Initiative, has been a devoted supporter and promoter of very talented contemporary artists like Martine Feipel and Jean Bechameil, Filip Markiewicz, French designer Eric Chevallier, Mike Bourscheid and now Marco Godhino. SJL has been an official patron of Casino Luxembourg – Forum d’art contemporain – and Mudam Luxembourg – Musée d’Art Moderne Grand-Duc Jean…

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BREXIT – Luxembourg prepared for Brexit – two draft bills are voted for the protection of the financial sector

Luxembourg prepared for Brexit – two draft bills are voted for the protection of the financial sector and investment funds Both the draft bill n°4701 and the draft bill n°7426 on the protection of the Luxembourg financial sector and investment funds, in case of a so called “Hard Brexit”, have been voted on the 26th and 28th of March 2019. The draft bill n°4701 provides for the prolongation of a maximum of 21 months after the Hard Brexit, of the…

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FUND FINANCING – The limited partnership agreement: why should lenders care about?

The limited partnership agreement: why should lenders care about? Iulia Gay, Senior Associate, SJL Jimenez Lunz The fund finance market has experienced in the past years a strong development as the diversification of products may testify it. While subscription facilities have been leading the lending product, lenders have expanded their offer to NAV facilities, hybrid and umbrella facilities. Subscription facilities, also referred to as “capital call” credit facilities, are short-term loans (generally 12 months or less) provided to a fund…

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NOW!

NOW! On 1 March 2019, the law dated 13 January 2019 is entered into force (the “Law”) establishing a beneficial owner register (“BOR”). The creation of the BOR is the consequence of the implementation of the Directive 2015/849/EU (as amended) of the Parliament and the European Council of 20/05/2015 into Luxembourg law. The aim is clear and has been pursued since a series of directives and laws made within the European Union since 2011: to facilitate exchanges of information in…

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Brexit: Delegation of investment management, temporary permissions regimes and notification obligation

Brexit: Delegation of investment management, temporary permissions regimes and notification obligation In its press release dated 25th of January the Commission de Surveillance du Secteur Financier (“CSSF”) has brought significant information regarding the impact of Brexit on (i) the delegation of investment management/portfolio management and/or risk management activities to undertakings in the United Kingdom and (ii) the temporary permissions regimes (“TPR”). The CSSF press release follows the announcement made on the 7th of January by the Financial Conduct Authority (“FCA”)…

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SJL Jimenez Lunz
Law Firm Luxembourg

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