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DSM Avocats à la Cour Promotions
Competence has a price – Training cost reimbursement in Luxembourg: what an employer can (really) plan on and recover
There is no doubt that it’s in an employer’s best interest to have a competent and motivated team. It thus makes sense that the employer plans to invest in the training of salaries employees. At the same time, the employer wants to ensure that the salaried employee who benefits from such training financed by the employer stays with the company long enough for the investment to be recouped. Keeping in mind that employment law does not allow for an obligation to continue working beyond the notice periods provided for in the Labor Code, an employer can protect its investment through ...
Property tax reform: a substantial overhaul of the bill
Context and issues In Luxembourg, the collection of property taxes is governed by mechanisms derived from German law introduced during the German occupation, and the definition of unit values goes back to 1941. In practice, Luxembourg property taxes are so low as to be almost negligible. In 2018, the German Constitutional Court (Bundesverfassungsgericht) decided that the property tax regime applicable in Germany at that time was unconstitutional. The Court deemed that the lack of a unit value update lead to value distortions incompatible with the principle of equality. In Luxembourg, Bill No. 8082 introduced in 2022 aimed in the same ...
Website accessibility: a revolution in progress
From 28 June onwards, under the Law of 8 March 2023 on accessibility requirements for products and services, many economic operators will have to update their websites to include new features designed to make information easier to read for older people and/or people with disabilities. These rules apply to many operators (telephony, e-commerce, e-banking, online payment and electronic money, video on demand, transport-related websites) and must be implemented on all platforms (computers, smartphones, tablets, kiosks and interactive terminals). As a result, websites will have to improve their accessibility with features such as multiple sensory channels, compatibility with assistive technologies, and ...
Luxembourg Board Meeting Checklist
In Luxembourg, board meetings are far more than a formality. They are essential to demonstrating real substance, protecting directors, and safeguarding the integrity of the corporate structure. Drawing on our experience at DSM assisting international groups and directors through our Corporate Secretary and Governance practice, Héloïse CUCHE has developed a practical checklist covering all key phases of a Luxembourg board meeting. Download the checklist here. At DSM Avocats à la Cour, our dedicated Governance team helps organisations stay compliant and resilient in a fast-evolving regulatory environment.
DORA: The CSSF is making far-reaching changes to its regulatory framework on ICT risks and outsourcing
On 9 April 2025, the CSSF published a series of circulars aligning its regulatory framework with the European DORA (Digital Operational Resilience Act) regulation, in force since 17 January 2025. These updates aim to remove regulatory overlaps and clarify the obligations of supervised entities. The new circulars set forward a clear distinction between the entities covered by DORA and the non-DORA entities, given that the regulatory requirements are tailored to each category. ICT risk management CSSF Circular 20/750 (amended by CSSF Circular 25/881): Applies only to non-DORA entities (support PFS, POST Luxembourg, branches of third-country PSPs). The obligations specific to ...
Key phases to know for FWU LIFE INSURANCE LUX S.A. creditor policyholders
In its judgment dated 31 January 2025 ordering the dissolution and compulsory liquidation of FWU LIFE INSURANCE LUX S.A. ("FWU"), the Luxembourg court set the timeline for FWU’s liquidation, the key phases of which are the following for creditor policyholders: Claim declaration: each FWU creditor policyholder must submit his/her/its claim declaration to the liquidator, Maître Yann Baden (the "Liquidator"), within three (3) years following the judgment, meaning by 31 January 2028 at the latest under penalty of foreclosure. This declaration must be submitted to the Liquidator in compliance with Article 252 (4), (5) and (6) of the Law of 7 ...
Recent legal developments in Real Estate
PDF I. Introduction The Luxembourg legislators and administration have brought several legislative changes impacting the real estate industry in Luxembourg, and further legal initiatives have been announced in draft bills. The Luxembourg Constitutional Court also issued an important decision. II. Recent changes in laws and regulations 1. New Tax measures i. Package of measures to revitalize the housing market – indirect taxation With the introduction of the Law of May 16, 2023, amending the Law of 30 July 2002 on various tax measures to encourage the marketing and acquisition of building land and residential property, as amended, the amount of ...
Luxembourg National Identification Number and the R.C.S. – new LBR communiqué – the end of the transitory period is finally known!
As we mentioned in our 26 November 2024 publication (link), the Luxembourg Business Registers (the "LBR") announced, on 3 March 2025, that the transitory period for the updating of files will end on 30 September 2025. Starting from 1 June of this year, the compulsory registration of the Luxembourg National Identification Number will be subject to a fee. All entities not having complied with this formality will risk their filings being blocked by the LBR with the Luxembourg Trade and Companies Registries (Registre de Commerce et des Sociétés, Luxembourg or "R.C.S."). Thus, starting on 1 October 2025, no filing will ...
A Luxembourg court ordered the dissolution and compulsory liquidation of FWU LIFE INSURANCE LUX S.A.
Change in the status of FWU Life Insurance Lux S.A. ("FWU"): dissolution and compulsory liquidation of the insurance company By a judgment dated 31 January 2025 (not yet published with the Luxembourg electronic compendium of companies and associations at the date of this newsletter), the Luxembourg District Court ordered the dissolution and liquidation of FWU. Given that Luxembourg’s Supervisory Authority for the Insurance Sector (Commissariat aux Assurances, hereafter the "CAA"), noted the failure of FWU’s recovery plan (see its 22 January 2025 press release published on its website) it filed a petition for dissolution and compulsory liquidation against FWU with ...
