Loyens & Loeff advised Fleury Michon

Luxembourg has taken a significant step toward introducing a deferred capital payment option for SARL incorporations: the first vote on Bill 8669 was passed.

A recent Belgian court decision confirms that royalty payments for the use of a trade name may be tax deductible where they serve a genuine business purpose, without requiring proof of a quantified benefit.

Preferred instruments are having a moment. In today’s market, where capital structures are getting more creative and investor expectations more nuanced, we are seeing a clear uptick in hybrid instruments.