Luxembourg

Cellar Investment Partners is introducing a new investment fund that focuses on the wine market. The fund was registered in Luxembourg last month.

Daisy Mae faces a complex journey launching a railway investment fund in Luxembourg amidst regulatory challenges and tight deadlines.

This week’s overview of transfers, appointments, promotions and other career news includes updates from Scope, EuroCTP, i-Hub and LOD.

This week’s overview of transfers includes updates from LPEA, Generali, the University of Luxembourg, Esma, Euroclear, La Française and DLA Piper.

Luxembourg’s financial sector has felt targeted by the European Commission’s tax policy. Three subsequent anti-tax avoidance directives - known as Atad 1, 2 and 3 – each added more reporting requirements or forced adjustments to tax structures. In July the Commission referred Luxembourg to the Court of Justice of the European Union over how it extended an exemption from interest deductibility limits to EU securitisation entities in implementing the first Atad directive. But Luxembourg feels it has a strong case and seems happy to settle it in court.

Luxembourg is hoping its long, friendly relationship with China can help keep the superpower on a path towards more investment-friendliness instead of sable-rattling with the US. Levels of investment in China by Luxembourg-domiciled investment funds dipped during that country’s difficult Covid times. Some institutional investors are staying away due to darkening US-China relations. Hopes for a resurgence depend on peace.

It was when the Netherlands, Belgium and Luxembourg signed the customs union that a geographical area at the heart of Europe was defined. The aim was to promote economic integration and cooperation between the three member states. 

Since then, Benelux has been one of the most successful regional integration models, both in terms of economic growth and political stability. This success is also rooted in the creation of a solid legal framework that provides a stable and transparent business environment.

This Luxembourg edition of IO Talks is about developments in the realm of management companies, popularly referred to as “ManCos”, in Luxembourg. Mancos are an key component of the asset services ecosystem in the grand duchy.

A Luxembourg roundtable initiative that brought together public and private sector stakeholders with an interest in the economic recovery of Ukraine has evolved into becoming UkrainePlatform, a think tank focused on encouraging investments and developing the country’s economy.

Chief executives of Luxembourg firms are more worried about the long-term prospects for their businesses than their counterparts in other countries, according to a new survey presented on Wednesday by consultancy firm PwC.

The survey showed that only 51 percent of Luxembourg CEOs believe that their company will be economically viable for more than ten years if it continues running on the current path, compared to 59 percent of global CEOs.