2021 marks a milestone year for Loyens & Loeff – the firm reached its 30th year of practice in Luxembourg. Since its establishment in 1991, the office has grown to become the third largest law firm in the country. The management team takes a look back at 30 years of expertise, challenges and innovation in an ever-changing legal environment.

On 8 October 2021, 136 out of 140 members of the OECD/G20 Inclusive Framework officially agreed on certain key parameters to reallocate some taxing rights to market jurisdictions (“Pillar One”) and introduce a global minimum effective taxation (“Pillar Two”).

Besides public bribery involving public officials, i.e. a person who is a depositary or agent of public authority, or who is entrusted with a public service mission, or who holds a public elected office, including from other states, EU officials and in general the staff of the EU institutions and international organisations and magistrates, Luxembourg law also has the offence of private bribery, involving private individuals.

The International Tax Review (ITR) has published its 2022 rankings. Thank you to our clients and peers who enabled us to be ranked again in Top Tier categories in the World Tax and World Transfer Pricing guides in Belgium, Luxembourg, Switzerland and The Netherlands.

Understanding local tax and legal aspects is essential in order to contribute to the long-term success of your family-owned business and to preserve your family wealth for future generations. Read the Chambers & Partners Private Wealth guide 2021 to gain valuable and actionable insights.

On 16 September 2021, the Court of Justice of the European Union issued its judgement on whether the Belgian excess profit rulings could qualify as State aid scheme or not. The Court of Justice sets aside the General Court’s judgement of 14 February 2019 that had dismissed the “scheme” qualification and accordingly had annulled the European Commission’s State aid decision of 11 January 2016.