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.

We advised Odin Automotive in the acquisition of StreetScooter Engineering, the company's manufacturer of electric light commercial vehicles (eLCVs), and with the implementation and negotiation of the joint venture that led to the funding of the acquisition.

Loyens & Loeff Luxembourg is happy to announce the following promotions effective as of 1 January 2022

The draft bill of Luxembourg law number 7916 (the Draft Bill 7916) published on 24 November 2021, providing for an extension of the measures set out in the law of 23 September 2020 concerning the holding of meetings in companies and other legal entities, as amended (the 23 September 2020 Law) was passed into law on 17 December 2021 (the 17 December 2021 Law).

On 22 December 2021, the European Commission released several legislative proposals that will impact corporate taxpayers. The proposals build upon the international negotiations on the misuse of shell entities, Pillar Two, and reform plan of the Energy Taxation Directive.

The CSSF published three circulars on 22 December 2021 on new reports and management letters to be completed on the CSSF’s eDesk platform by Luxembourg investment fund managers (IFMs), undertakings for collective investment supervised by the CSSF for AML/CFT purposes (UCIs) and their approved statutory auditors (réviseurs d’entreprises agréé, REA).