Luxembourg: A fintech-friendly jurisdiction
Luxembourg is a reference jurisdiction for the financial services industry and has always been keen to evolve and implement new innovative technologies in the day-to-day business framework. Luxembourg recently passed an amendment to the law on the circulation of securities to include the concept of distributed ledger technology such as Blockchain.
Luxembourg attracts fintechs and allow them to take advantage of Luxembourg's highly developed financial ecosystem. Although Luxembourg widely promotes innovation and embraces fintech, and is at the top of the list of fintech-friendly jurisdictions, there are further steps to be taken to ensure a long-lasting implantation of such highly innovative companies.
In this overview, the authors get into the bottom of the varied issues fintech raises in the Luxembourg legal and regulatory field.
You can read the full article here. (This article was published in the Financial Technology Law Review, Ed.3, June 2020).
Anne-Marie NicolasPartner Attorney at Law / Avocat à la Cour
Anne-Marie Nicolas, partner, is a member of the Banking & Finance Practice Group in our Luxembourg office. She focuses on secured lending, including acquisition finance and real estate finance, as well as debt restructuring.T: +352 466 230 314 E: email@example.com