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.4, May 2021).
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 co-heads the Luxembourg Restructuring Team. Anne-Marie focuses on secured lending, including acquisition finance and real estate finance, as well as debt restructuring.T: +352 466 230 314 E: firstname.lastname@example.org
Michael SchweigerLocal Partner Attorney at law / Avocat à la Cour / Solicitor
Michael Schweiger, local partner, is a member of the Banking & Finance practice group in our Luxembourg office. He leads the Luxembourg financial regulatory team and regularly advises banks, e-money and payment institutions, insurers, and other clients regarding financial regulation.T: +352 466 230 520 E: email@example.com