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…

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”)…

Pbb Deutsche Pfandbriefbank and Helaba provided a term loan facility of EUR 67.2 million to CBRE European Shopping Centre Fund II (ESCF II) managed by CBRE Global Investors. The loan was provided to finance the acquisition of the Skanssi shopping centre in the Finnish town of Turku. The transaction closed in July 2017 and Pbb also acted as the facility agent. The Skanssi shopping centre is the first investment in Finland for ESCF II. Turku, which is also known under…

Since its creation, SJL Jimenez Lunz, has imparted and shared its passion for art and culture. In an environment of political, social, identity, economic and financial crisis, we decided to iterate for the third time our support to the artistic creation and to the participation of the Grand-Duchy of Luxembourg to the International Art Exhibition – La Biennale di Venezia. Back in 2011, SJL Jimenez Lunz had the privilege of being the Official Patron of the Casino Luxembourg – Forum…

SJL Jimenez Lunz advises Pradera on the acquisition of a EUR 900 million pan-European real estate portfolio of IKEA Centres. SJL Jimenez Lunz has advised Pradera, one of Europe’s leading specialist retail property fund and asset managers, as Luxembourg counsel on the acquisition of 25 prime retail parks in eight European countries for EUR 900 million. The parks, each located beside an Ikea store, have been sold to the Pradera European Retail Parks SCSp fund which is backed by equity…