Newsletters | NautaDutilh

Law clarifying and confirming the non-applicability of the financial assistance prohibition set out in the Luxembourg Companies Act to private limited-liability companies enters into force on 16 August

The long-awaited amendment of Article 1500-7 of the Companies Act, clarifying that the financial assistance prohibition does not apply to Luxembourg private limited-liability companies (société...

Modified entry into force of Management and Supervision of Legal Entities Act

On 1 July 2021, the Management and Supervision of Legal Entities Act (Wet bestuur en toezicht rechtspersonen or WBTR) will enter into force. However, two parts will enter into force at a later – to...

Assignment of a right in rem or a public procurement contract: on which side of the court will the ball fall?

Determining the boundaries of public procurement law is a notoriously difficult task, especially when it comes to transactions involving public real estate. A few weeks ago, we info...

Bill Amending the Luxembourg Code of Civil Procedure Adopted

On 8 June 2021, Bill No 7307 ("the bill") to improve the efficiency and speed of civil and commercial proceedings was adopted unanimously. The main objective of the bill is to optim...

Clarification of the PFS Status of Professionals Performing Lending Activity

Pursuant to Article 28-4 of the Luxembourg Financial Sector Act (FSA), an authorisation as a specialised professional of the financial sector (PFS) is required for professionals engaged in lending ...

Belgian DPA: fines prohibited in the absence of a prior order to comply?

On 26 May 2021, the Belgian Market Court handed down a decision that may lead to much commentary: it set aside a fine issued by the Litigation Chamber of the Belgian Data Protection Authority (BDPA...

Applicability of law on financial collateral agreements to insolvency proceedings

The law of 5 August 2005 on financial collateral agreements, as amended (the 2005 law), provides an attractive legal framework for creditors as its insolvency ring-fencing provisions protect securi...

The CNPD Publishes Several Decisions Following Investigations

The Luxembourg Data Protection Authority (CNPD) has published its first decisions following investigations of non-compliance with the General Data Protection Regulation (GDPR). The decisions relate...

Europe proposes first-ever statutory framework for AI

Following its White Paper on AI in 2020, the European Commission released in April of this year a proposal for a regulation laying down harmonised rules on artificial intelligence (the "Regulation"...

Implementation of new EU framework relating to covered bonds

A draft bill (7822/00) relating to the issuance of covered bonds was recently deposited to implement EU Directive 2019/2162/EU into Luxembourg law. The draft bill introduces se...

03-06-2021
Sara (S) Gerling

Bill amending the Luxembourg Securitisation Act published

Bill No 7825 (the Bill), which aims, amongst other things, to amend the Act of 2 March 2004 on securitisation, as amended, was submitted to the Chambre des Députés on 21 M...

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