Loyens & Loeff Luxembourg appoints three partners, one counsel and ten senior associates as from 1 January 2021.

The CSSF issued a communication on 16 December 2020 on regulatory requirements and fast track procedure for UCITS, Part II UCIs and SIFs.

The Luxembourg Court of Appeal has recently confirmed deductibility of input VAT even in case of rent-free periods in a VATable lease.

As 2020 draws to a close, the Luxembourg Financial Intelligence Unit published its annual report for 2019 highlighting over 50,000 declarations and blocked funds which exceeded EUR 231 million.

The CSSF issued a press release on 7 December 2020 on the management of Luxembourg AIFs by UK AIFMs and the marketing of UK UCITS and AIFs in Luxembourg. UK AIFMs or impacted funds must take certain actions by 31 December 2020 at the latest to the extent no action has been taken so far.

The law dated 25 November 2020 (the 25 November 2020 Law), amending the law of 23 September 2020, comprises the latest set of measures adopted by the Luxembourg legislation to ensure that companies will continue to benefit from simpler formalities for adoption of corporate resolutions.