NEWS FLASH : CSSF summarises duties in respect of EMIR for non financial counterparties

The Luxembourg financial sector regulator, the Commission de Surveillance du Secteur Financier (“CSSF”) has published on 19 January 2015 a very useful summary as regards the duties of non-financial counterparties (“NFCs”) in respect of the European Market Infrastructure Regulation No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories (“EMIR”). This summary is especially useful to give a broad view as regards the obligations applicable in this area…

0
Read More

SJL – End of year Cocktail Reception at the MUDAM Luxembourg

On Tuesday 25 November 2014, SJL gave its End of year Cocktail Reception at the Mudam Luxembourg, Musée d’Art Moderne Grand-Duc Jean, alongside the ALFI Conference. This event has been the opportunity to gather and meet friends, colleagues and clients in a wonderful place in Luxembourg. Many thanks to all the attendees for having spent a great time with us, and regrets to those who missed. At this occasion, the Managing Partner, Michel Jimenez Lunz made the following speech :…

0
Read More

TAX NEWS : Luxembourg is showing off its reliable tax reputation within the Luxleaks context

Luxembourg, as many other countries all over the world, is facing substantial recent evolutions in the tax field as, amongst other, the implantation of the Global Standard for the Automatic Exchange of Information, the Base Erosion and Profit Shifting (BEPS) measures and other international guidelines tackling tax practices considered as detrimental ones. Luxembourg is apprehending all these concomitant fast tax evolutions in a context where the so called Luxleaks were released. Luxembourg scapegoated is currently reacting by showing off its…

0
Read More

TAX NEWS : Luxembourg transfer pricing : from incunabula to proficiency ?

If Luxembourg had already, for decades, general anti-abuse provisions that could be used by the tax authorities for potentially adjusting prices to transactions between a Luxembourg resident and an alien with which it had “special economic relationship”, it is only in 2010 that the Luxembourg tax authorities issued a Circular aiming at surrounding the transfer pricing rules applicable to intra-group financing arrangements. Within the context of the Amazon and Fiat EU – Commission investigations for State aid, and the OECD…

0
Read More

SJL Jimenez Lunz
Law Firm Luxembourg

3-7, rue Schiller
L-2519 Luxembourg
T. +352 246 185 201
F. +352 246 185 2050
e-mail: Info SJL