Luxembourg: A fintech-friendly jurisdiction - What's next to ensure a long lasting implantation of innovative companies?
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. However, 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 highly innovative companies.
Luxembourg attracts fintechs and allow them to take advantage of Luxembourg's highly developed financial ecosystem. The country, recently, passed an amendment to the law on the circulation of securities to include the concept of distributed ledger technology such as blockchain.
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.2, May 2019).
Anne-MarieNicolas
Partner Attorney at Law / Avocat à la CourAnne-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: anne-marie.nicolas@loyensloeff.com
AlvaroGarrido Mesa
Senior Associate Attorney at lawAlvaro Garrido Mesa, senior associate, is a member of the Banking & Finance Practice Group in our Luxembourg office He focuses on domestic and cross-border finance transactions.
T: +352 466 230 280 E: alvaro.garrido.mesa@loyensloeff.com
Sandy Brumberg
Professional Support Lawyer / Attorney at lawSandy Brumberg, professional support lawyer, is a member of the Banking & Finance Practice Group in our Luxembourg office. She focuses on EU/Luxembourg regulatory matters.
T: +352 466 230 313 E: sandy.brumberg@loyensloeff.com
