New CSSF Circulars applicable as from 01/01/2021 exclusively to Luxembourg investment firms
CSSF Circular 20/758 on the central administration, internal governance and risk management of investment firms. This Circular integrates the latest orientations of the European Banking Authority (“EBA”) and the European Securities and Markets Authority (“ESMA”). The terminology and definitions of the Circular have been reviewed and clarified. The main changes compared to CSSF Circular 12/552 […]
Press Release – Diversity Day 06.10.2020 FELTEN & Associés has naturally chosen to commit to diversity Proud of its DNA, FELTEN & Associés have naturally chosen to commit to diversity and inclusion in Luxembourg and joined the 10th session of the Official Signature of the Diversity Charter on October 6, 2020. Me Bernard Felten, Partner, […]
Dear Partner, In the context of your obligations in terms of the fight against money laundering and terrorist financing, we would like to draw your attention to one of the new provisions of the Luxembourg law of 25 March 2020 amending the coordinated law of 12 November 2004 impacting your professional relations with a tied […]
We are proud once again to be ranked as a Leading Firm 2020 in Luxembourg in the category “Commercial, Corporate and M&A” of the world-renowned legal directories “Legal 500”. We have been described as follow: “Felten & Associes handles and corporate support work for clients from a range of sectors, including real estate and financial services. […]
COVID 19 – SPECIAL CSSF WEBSITE SECTION : ): IMMEDIATE REVIEW OF CURRENT ORGANIZATIONAL SETUPS In light of the development of COVID-19, READ MORE : On 22 March 2020, the CSSF urges all supervised entities to immediately review their current organizational setup so as to ensure that: – the least possible staff has to travel […]
Appointment of a new partner in charge of the Litigation and Dispute Resolution Department FELTEN & ASSOCIATES is pleased to announce the appointment of Mr. Serkan SERBEST as partner as of January 2, 2020. Mr. Serkan SERBEST holds a Master II in Economic and Regulatory Law from the Institute of Political Studies of Strasbourg and […]
The upcoming edition of our conferences “Midis de la Fiscalité” is taking place on September 26, 2019 We are pleased to inform you that the topic of the conference (in French) is as follows: Suisse: Tout savoir sur la réforme fiscale 2020 Un modèle pour Luxembourg ? Place: Hôtel Le Place d’Armes […]
We have the pleasure to inform you that the updated FinTech Client Guide which covers 15 different business areas that FinTechs are predominantly working in is now available on the website of the network we belong to, Multilaw. The guide offers an overview of the legal requirements and barriers within the different jurisdictions. Bernard […]
As part of the corporation-tax reform entering into force on 1 January 2020 and in order to promote innovative business, the cantons will be required to introduce a patent box regime, conforming to OECD standards, for both cantonal and municipal taxation. The new regime is complex, and mechanisms have been brought in to limit tax losses for […]
The Financial Services Act of June 15, 2018 (“FINSA”) introduces a set of regulatory requirements on the organization of foreign financial service providers. The final ordinance (“FISO”) for the implementation of the FINSA regulation is scheduled for 6 November 2019. The entry into force is scheduled for 1 January 2020. For financial service providers […]
BREXIT : 02/08/2019 : 3 press releases of CSSF in relation to mandatory notifications for UK firms operating in Luxembourg and undertakings for collective investment and their managers. READ MORE : As announced in the CSSF press release 19/33 regarding firms licensed in the UK under CRD IV, MIFID II, PSD2, EMD and in the […]
Swiss voters recently approved a reform to the corporation-tax regime, which will enter into force on 1 January 2020 and bring about changes for holding companies in particular The Main Characteristics of the Old Regime Up until now, Switzerland has applied two tax statuses to companies that have holdings in other companies (holding companies), in […]
We are delighted to inform you that we are currently ranked as a Leading Firm 2019 in Luxembourg in the category “Commercial, Corporate and M&A” of the world-renowned legal directories “Legal 500”. As you can see on the legal directory website, the firm is described as follows: “Led by Bernard Felten, Felten & Associes‘ corporate […]
By a large majority Switzerland adopted the federal and cantonal corporate tax reform on 19 May 2019. As from 1st January 2020 attractive corporate income tax rates will be in force. The Canton of Geneva provides for an effective 2020 general corporate income tax rate of 13.99%. Current corporate tax privileges for holding companies, base, […]
Here is our news in French regarding a judgement of the Court of Appeal regarding a land polluted with hydrocarbons. La Cour d’appel rend un arrêt intéressant en matière de vente d’un terrain pollué aux hydrocarbures  Arrêt N°24/19 – VII – CIV Les faits de la décision de la Cour d’appel peuvent se […]
Here is our piece of news in French on the Luxembourg Law of January 13, 2019 creating a Register of Beneficial Owners. La loi instituant un registre des bénéficiaires effectifs, ci-après « la loi RBE » a été adoptée le 13 janvier 2019. Cette loi met en œuvre les nouvelles mesures de transparence prévues par la directive 2015/849 […]
Decrease of the Corporate Income Tax Rate so that the Global rate 2019 is 24.94% instead of 26.01% in 2018! As from 1 January 2019, the following global rates are applicable: Corporate Taxable Income exceeding EUR 200,000: 24.94% (17% CIT + 7% solidarity charge + 6.75% Municipal Business Tax Luxembourg –City) Corporate […]
FELTEN & Associés is attending the Luxembourg Data Protection Days on May 6-7, 2019, an event organized by the Chamber of Commerce that brings together more than 500 key players in the field of data protection to provide an overview on the application of the GDPR.
Our Domiciliation Team continues to develop strong competences by taking part in the training session « Accès réglementé aux professions de l’immobilier » (Regulated access to real estate professions) beginning in March 2019 organized by the Luxembourg House of Training.
Me Bernard Felten is taking part as a speaker in the third annual conference on Shareholder Rights organised by Meetincs which will take place in Luxembourg, Hôtel le Royal, on March 6, 2019. For more information on the programme of the conference, visit MEETINCS.