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 22 March 2021, the Council of the EU amended the directive on administrative cooperation (through the so-called “DAC7”) to expand reporting obligations and exchange of information to cover sales through digital platforms. 

The financing round consists of equity, senior bank loans and mezzanine finance and will support the company’s rapidly growing litigation funding activities globally.

Considering that both criminal and civil sanctions apply to the board of directors or managers of a Luxembourg commercial company for failure to declare bankruptcy in proper time, it is essential to determine exactly when the requirements for bankruptcy are met.

We advised various international credit institutions on the financing of the successful bid by Catterton for the acquisition of a majority stake in the iconic German shoe manufacturer Birkenstock.

The Luxembourg tax authorities (LTA) have just published a new circular on tax treaty-based mutual agreement procedures (MAPs). MAPs are an interesting dispute resolution alternative to traditional court proceedings, notably from a confidentiality and timing perspective.