At KLEYR GRASSO, we are committed to keeping you informed about the latest developments that may impact your business, covering a diverse array of practice areas.
𝐀𝐮 𝐬𝐨𝐦𝐦𝐚𝐢𝐫𝐞 : É𝐝𝐢𝐭𝐨𝐫𝐢𝐚𝐥 Alexandra Cabannes 𝐃𝐨𝐜𝐭𝐫𝐢𝐧𝐞 ▪️ La société en commandite spéciale, toujours un cas à part ? Sébastien Binard ▪️ Les scissions transfrontalières Jean-Paul…
We are pleased to contribute once again to the Chambers International Arbitration Global Practice Guide as the exclusive Luxembourg contributor for the 2026 edition. In this…
KLEYR GRASSO is pleased to have advised its longstanding client EnduroSat on its newly announced USD 205 million financing round.
On 9 September 2026, the European Commission published a proposal for a Regulation on public procurement and concessions, repealing the Concessions Directive, the Public Procurement Directive…
KLEYR GRASSO is pleased to announce the appointment of its Partner, Philippe NEY, as President of the National Commission for Data Protection (CNPD), a position he…
In a decision dated 24 October 2025, the Constitutional Court ruled that the current regime governing lump-sum allowance payable in the event of external redeployment is…
Liebe Mandantinnen und Mandanten, liebe Geschäftspartnerinnen und Geschäftspartner, die erste Jahreshälfte hat einmal mehr gezeigt, wie schnell sich das regulatorische Umfeld im Fonds- und Finanzsektor verändert.…
Das Rundschreiben 25/894 listet die nicht durch die CSSF zugelassenen Investmentfonds wie folgt abschließend auf: europäische OGAWs, dh OGAWs gemäß der Richtlinie 2009/65/EG, die nicht in…
Das luxemburgische Gesetz vom 3. März 2026 zur Umsetzung der Richtlinie (EU) 2024/927 („Gesetz“), bekannt als AIFMD II / UCITS VI, ändert das luxemburgische Gesetz vom…
Mit dem Gesetzentwurf Nr. 8761 hat die luxemburgische Regierung eine weitere Reform des luxemburgischen Verbriefungsgesetzes vom 22. März 2004 auf den Weg gebracht. Ziel des Entwurfs…
Am 4. Februar 2026 hat die Luxemburger Finanzaufsichtsbehörde (Commission de Surveillance du Secteur Financier „CSSF“) ihre FAQ zu Crypto-Assets im Rahmen von Organismen für gemeinsame Anlagen…
KLEYR GRASSO freut sich, die Ernennung von Garry REULAND und Fabian FRANKUS zu Counsel innerhalb der Praxisgruppe Investmentfonds bekannt zu geben. Die Ernennungen sind zum 1. Juli…
KLEYR GRASSO is pleased to announce the promotion of four lawyers, reaffirming the firm's commitment to recognising excellence, investing in talent and strengthening its key practice…
Les juges d’appel siégeant en matière de bail, viennent de rendre une décision inédite.
The Cour de Cassation has just delivered a completely unprecedented decision. On 4 June 2026, it recognised the admissibility of a minority shareholder joining proceedings as…
The wage index has been increased from 968.04 points to 992.24 points as of 1 June 2026, resulting in an increase in the minimum social wage…
New case law Corporate and Finance litigation
Adopted on 28 April 2026, the long-awaited reform introduces an optional regime allowing the deferred payment of the minimum share capital of Luxembourg private limited liability…
Following our previous briefing note on the Luxembourg Law of 19 December 2025 on gender balance in listed companies, this second publication focuses on an often…
KLEYR GRASSO is pleased to announce its continued recognition in The Legal 500 Europe, Middle East & Africa 2026, reaffirming the firm’s consistent excellence and the…
Das luxemburgische Parlament hat mit der Verabschiedung vom Gesetzesentwurf Nummer 8628 die Weichen für die Zukunft des europäischen Fondsmarktes gestellt.
KLEYR GRASSO is proud to announce its continued recognition in the Chambers Europe Guide 2026, reaffirming the firm’s position among the leading law firms in Luxembourg.
Two bills discussed at our “Updates in employment law” conference have been adopted and published in the Memorial.
Rédigé par Pierre-Alexandre DEGEHET, Partner. This first article forms part of a series of publications dedicated to mediation.
Honoured to be shortlisted for the Chambers and Partners Europe Awards 2026 as “Luxembourg Law Firm of the Year”.
Are you a minority shareholder in a listed company, wondering how far your rights truly extend when a takeover bid is recommended by the company’s governing…
KLEYR GRASSO is proud to announce its ranking in the Chambers and Partners Global Guide 2026, recognising the firm’s strong capabilities in both Corporate M&A and Investment…
Nachdem wir uns kürzlich mit dem praxisrelevanten Problem der unzulässigen Einmischung von Anlegern in die Geschäftsführung eines Fonds befasst hatten, möchten wir uns heute einer weiteren…
Donata GRASSO and Emilie WATY, Partners in our Corporate & Finance Litigation department, are pleased to share the Luxembourg chapter of the Chambers & Partners 2026…
Donata GRASSO and Emilie WATY, Partners in our Corporate & Finance Litigation department, are pleased to share the Luxembourg chapter of the Chambers & Partners 2026…
LRB/RCS new service: declaration of information relating to corporate income tax (articles 72decies et seq. of the RCS Law of 19 December 2002, as amended by…
Authored by Pierre-Alexandre Degehet, Partner
Since the Law of 28 June 2023, employers must implement a system ensuring employees' right to disconnect outside working hours. The 3-year period granted to employers…
Authored by Pierre-Alexandre Degehet, Partner
Authored by Lisa KLEMANN, Counsel and Garry REULAND, Senior Associate
Authored by Mevlüde-Aysun TOKBAG, Partner Einführung Diese Zeilen befassen sich mit der Frage, inwieweit Anleger eines Fonds Einfluss auf die Geschäftsführung nehmen können bzw. dürfen. Hierüber…
Authored by Donata GRASSO, Partner and Ella SCHONCKERT, Counsel In a landmark decision rendered on 2 December 2025, the 4th Chamber of the Luxembourg Court of…
1. Extension of Sunday working hours The Law of 19 December 2025 amending Article L. 231-4 of the Labour Code was published in Mémorial A No.…
With this circular, we would like to introduce you to selected regulatory topics and their practical relevance for the fund industry at the end of the…
Bill No. 8669 (the Bill 8669), which aims to allow for the deferred payment of the share capital of the société à responsabilité limitée (private limited…
Retrouvez les articles de nos avocates Yasmine POOS et Mélanie TRIENBACH dans l'édition #24-25 de La Revue luxembourgeoise de Droit immobilier (RLDI) d'octobre 2025, éditée par…
We are proud to announce that KLEYR GRASSO is the exclusive contributor for Luxembourg in the Chambers and Partners International Arbitration 2025 Global Practice Guide. In…
The German Desk of KLEYR GRASSO has advised Global Resilience Innovation Advisors, SARL (GRIA) on the structuring and launch of its inaugural investment vehicle, Global Resilience Innovation…
Der Sommer 2025 bringt nicht nur Sonne und Erholung, sondern auch eine gute Gelegenheit, eine Zwischenbilanz zu ziehen: wo steht die Luxemburger Fondsindustrie und wo stehen…
La Nouvelle Loi vise à prolonger les délais applicables à certaines mesures fiscales introduites par la loi modifiée du 22 mai 2024 portant introduction d’un paquet…
Origin of the T+3 Historically, financial markets operated with a T+3 settlement cycle, meaning that the delivery of securities and the payment occurred three business days…
Das sollten Sie wissen zu AIFM, Kryptos, DORA & Fonds
As part of our continued growth and strategic development, and in response to the increasing demand from our clients, we are pleased to announce the arrival…
Driven by the urgent need for stronger collective security, the EU has entered a new era of defence cooperation and investment. The Russian Federation’s invasion of…
Diese News bietet Ihnen eine kompakte Zusammenfassung der neuesten Fonds-Updates sowie einen Überblick über alle relevanten Fristen.
Le Manuel du contrat de bail en droit luxembourgeois de Fanny Mazeaud présente une analyse pratique du droit luxembourgeois applicable aux baux d'habitation, aux baux commerciaux…
KLEYR GRASSO has once again secured a Top-Tier ranking in the prestigious Legal500 EMEA 2025 for Luxembourg. This recognition underscores our firm’s dedication to excellence, client…
Revue des procédures 2026/1 n° 10 _ Les récentes réformes du Nouveau Code de procédure civile : bilan et perspectives Actes du colloque du 21 mars…
The LBR recently announced the end date of the transition period, which has been set for 1st June 2025.
KLEYR GRASSO is proud to be recognized once again by Chambers and Partners in its 2025 Europe guide for its exceptional legal expertise. Our ongoing position…
Einer der maßgeblichen Unterscheidungskriterien der luxemburgischen Investmentfondswelt ist bekanntermaßen der zwischen den regulierten und den unregulierten Vehikel.
KLEYR GRASSO continues to strengthen its expertise in investment funds, private equity, and ESG with the addition of Lisa Klemann as Counsel. This strategic move enhances…
Die Nachhaltigkeitsberichtserstattung in Einklang mit der Richtlinie (EU) 2022/2464 des Europäischen Parlaments und des Rates vom 14. Dezember 2022 zur Änderung der Verordnung (EU) Nr. 537/2014…
KLEYR GRASSO is proud to be ranked in the Chambers Global Guide 2025 for our expertise in Corporate & M&A, Investment Funds, and our German Desk.…
The latest issue of the Revue luxembourgeoise de droit immobilier has just been published! In this edition, which is specially dedicated to real estate criminal law,…
In dieser Ausgabe erwarten Sie daher spannende Neuigkeiten, wertvolle Tipps und Einblicke, welche Ihnen dabei helfen sollen, sich einen besseren Überblick zu verschaffen und Ihre Ziele…
The Luxembourg legislator has just adopted a new law dated 4 December 2024 (the “Amending Law”) amending Articles 7 and 77 of the law of 7…
Revirement de jurisprudence. Un arrêt de la Cour d’appel du 28 novembre 2024 impose une vigilance accrue sur les termes des contrats de réservation en VEFA.…
The latest issue of the Revue luxembourgeoise de droit immobilier has just been published! In this edition, which is specially dedicated to real estate criminal law,…
In the context of the transposition of Commission Delegated Directive (EU) 2023/2775 of 17 October 2023 amending Directive 2013/34/EU of the European Parliament and of the…
Please find herewith some new rules of paramount importance, which will apply for all individuals registered or to be registered within the file of an entity…
The Law of 24 July 2024, transposing EU Directive 2019/1152 of 20 June 2019 on transparent and predictable working conditions in the European Union has been…
Liebe Freundinnen und Freunde des German Desk, Wie üblich wir behalten die Entwicklungen der Rechts- und Marktlage genau im Auge und beleuchten einige davon im Rahmen…
Dans le cadre de la réforme de la loi du 21 septembre 2006 sur le bail à usage d’habitation et modifiant certaines dispositions du Code civil…
The Law of 4 June 2024, transposing EU Directive 2021/1883 of 20 October 2021, was published in Mémorial A n°261 of 27 June 2024. The Law…
On 23 May 2024, the Government submitted the draft bill n°8388 to the Parliament (“Bill”) clarifying the Luxembourg tax treatment applicable to share class redemptions, amending…
KLEYR GRASSO is thrilled to announce the launch of its new visual identity, featuring a refreshed logo and a redesigned website aimed at enhancing user experience.…
KLEYR GRASSO proudly assists IVS Partecipazioni in the IVS Group delisting tender offer by Lavazza Group.
François Collot, new managing partner, along with Renata Jokubauskaite and Philippe Ney form the new management board of KLEYR GRASSO. Together, they share a dynamic and…
Vor nunmehr über zwei Jahrzehnten, am 27. November 2002, veröffentlichte die luxemburgische Aufsichtsbehörde des Finanzsektors (Commission de Surveillance du Secteur Financier, „CSSF“) das CSSF-Rundschreiben 02/77 betreffend…
As the relevant supervisory authority of entities, that are not subject to the supervision of another authority foreseen by the Luxembourg law of 12 November 2004…
The Ministerial decree (“arrêté ministériel”) of 13 October 2023 sets the date of the social elections for the renewal of the staff delegation on: 12 March…
Mit dem Inkrafttreten der Verordnung (EU) 2015/760 des Europäischen Parlaments und des Rates vom 29. April 2015 über europäische langfristige Investmentfonds (die „Verordnung“) war es in…
Congratulations to our teams on being distinguished as a Top Tier Firm by Legal 500 in its 2024 edition! Achieving such recognition over the years is…
The draft bill n°8353 filed by the government on 7 February 2024 provides a package of measures to support the housing market and to enhance real…
As previously mentioned, the KLEYR GRASSO Financial Services Team is fully prepared and thrilled to provide comprehensive assistance to our clients on all the transactional and…
KLEYR GRASSO is pleased to announce the promotion of ten outstanding individuals within its ranks. Effective January 1, 2024, the promotions mark a significant step in…
To comply with the new legislation, you now have to implement two new procedures.
Nach weiteren internen Verhandlungen zur Feinabstimmung des Textes, der Richtlinie 2011/61/EU des Europäischen Parlaments und des Rates vom 8. Juni 2011 über die Verwalter alternativer Investmentfonds…
The law of 7 August 2023 on business continuity and modernising bankruptcy law (hereafter the “Law”) which implements the Directive (EU) 2019/1023 of 20 June 2019…
The wage index has been increased from 921.40 points to 944.43 points as of 1 September 2023, resulting in an increase in the minimum social wage…
KLEYR GRASSO is proud to assist Socom, a leader in technical building engineering in Luxembourg, and Evocells, a pioneer in Belgian photovoltaics, in the set-up of…
I. Recruitment of third-country nationals: changes to take into account! The Law of 7 August 2023, published in Mémorial A No. 556 of 28 August 2023,…
ci-après « la Loi »
Cette Loi vise à moderniser le droit d'établissement. La présente newsletter a vocation à analyser uniquement les nouveautés en matière immobilière.
The Laws of 29 July 2023 and 15 August 2023 transposing EU Directive 2019/1158 of 20 June 2019, whose purpose is to ensure a work-life balance…
On 19 July 2023, the Chamber of Deputies adopted the draft law N°8007, the purpose of which is to modify the law of 10 August 1915…
Mit der Umsetzung der Verordnung (EU) 2015/760 des Europäischen Parlaments und des Rates vom 29. April 2015 über europäische langfristige Investmentfonds (die „Verordnung“) war es in…
The Law of 28 June 2023 amending the Labour Code in order to introduce a provision on the right to be disconnected has been published in…
On 28 June 2023 the Luxembourg Parliament has adopted a new law regarding non-profit associations and foundations (Bill 6054). Non-profit associations and foundations were previously governed…
Am 24. März 2023 veröffentlichte die Luxemburger Finanzaufsichtsbehörde („CSSF“) eine Mitteilung in der sie die Akteure des Luxemburger Investmentfondsbereiches darauf hinwies, dass die in der Pressemitteilung…
The Luxembourg Parliament has adopted, on 15 June 2023, a new law as regards the use of digital tools and processes in company law into Luxembourg…
KLEYR GRASSO is strengthening its expertise in Corporate Finance and Capital Markets with the arrival of Pierre-Alexandre DEGEHET.
Am 27. Dezember 2022 wurde im Amtsblatt der Europäischen Union die Verordnung (EU) 2022/2554 (die „Verordnung“) über die digitale operationelle Resistenz im Finanzsektor und zur Änderung…
Am 24. September 2020 wurde erstmals durch die Europäische Kommission der Vorschlag für eine Verordnung über Märkte für Kryptowerte (die „Verordnung“) veröffentlicht.
The Law of 16 May 2023 transposing Directive (EU) 2019/1937 of the European Parliament and of the Council of 23 October 2019 on the protection of…
The law of 19 April 2023 amending the second part, book III, heading I of the New Code of civil procedure reforming arbitration enters into force…
The Law of 29 March 2023, published in the Mémorial A n°187 of 5 April 2023, introduces a new chapter in the Labour Code on moral…
Am 24. März 2023 wurde der Gesetzesentwurf 8183 zur Änderung der Luxemburger Investmentfonds-Produktgesetze, also
ConTech kodehyve collaborates with leading Luxembourg law firm KLEYR GRASSO to launch advanced KYC and AML module and standalone compliance platform for property developers and stakeholders…
KLEYR GRASSO assisted the selling shareholders on the Luxembourg legal aspects of the sale of ifsam, a Luxembourg-based B2B fund platform, by FNZ, the global platform…
As of 1 February 2023, KLEYR GRASSO welcomes Muriel PIQUARD, Avocat à la Cour, as Counsel in the Commercial and Civil litigation practice.
Lina LOBEFARO has been promoted to Counsel. She joined the Employment department of KLEYR GRASSO in April 2014 and has gained an extensive experience over the…
On 10 May 2023, the Luxembourg Bar Association (Ordre des Avocats du Barreau de Luxembourg) issued its opinion on the draft law No. 8053 (the “Draft…
Article 1762-6 (4) of the Civil Code prohibits the tenant from requesting a higher rent from the sub-tenant.
As of 16 January 2023, Luc Courtois joins KLEYR GRASSO as Partner in the Investment Funds practice.
Entrée en vigueur au 1er janvier 2023 de l’obligation d’installer des détecteurs autonomes de fumée pour les immeubles existant comprenant au moins un logement
Considérations préliminaires
En date du 1er janvier 2023, est entrée en vigueur la loi du 23 décembre 2022 portant suspension temporaire des déguerpissements en matière de baux d’habitation…
In a recent decision dated 21 December 2022, no. 183/22-VII-CIV, the 7th Chamber of the Court of Appeal has confirmed that the abuse of equality (abus…
Bill no 8117 [1] intends to increase the minimum social wage by 3.2% on 1st January 2023:
The DAC6 Directive [1] provides that all intermediaries involved in potentially aggressive cross-border tax-planning are required to report them to the competent tax authorities.
Dezember 2022 | Finden Sie hier ein paar kurze Nachrichten zu aktuellen Entwicklungen und Trends in Luxemburg.
As part of the reform of the law of 21 September 2006 on residential leaseholds and amending certain provisions of the Civil Code (hereinafter, the “Law…
In its 22 November 2022 judgment, the Court of Justice of the European Union (“CJEU”) invalidates the provision of the 5th AML Directive[1] whereby the access…
Following the recommendations of the European Commission, the Ministry of Social Security[1] extends the transitional period set up last June in social security matter.
This law, dated 28 October 2022, introduces a new mechanism of dissolution which allows the State prosecutor (in collaboration with the entity operating the Luxembourg Trade…
Suite à une réunion du 30 septembre 2022, le Conseil du Gouvernement a marqué son accord avec le projet de loi portant suspension temporaire des déguerpissements…
Currently, Luxembourg employers have to deduct at source the income tax due by the French resident employee for the days worked in France when the latter…
The Government, the UEL and the LCGB, CGFP and OGBL unions signed an agreement on 28 September 2022[1] to help businesses and households by implementing specific…
The Bill n°7964 modifying the amended Law of 17 July 2020 on measures to fight against the Covid-19 pandemic was submitted to the Chamber of Deputies…
Erste Ausgabe – August 2022
On 15 June 2022, the law transposing certain measures provided for in the tripartite agreement of 31 March 2022 (hereinafter the “Law of 29 June 2022”)…
Following the recommendations of the European Commission, the Ministry of Social Security[1] has now officially confirmed the establishment of a transitional period in matters of social…
As of July 1, 2022, Lionel BONIFAZZI and Valeria ERCOLINI join KLEYR GRASSO and become the new Tax Team within the firm.
As of June 1, 2022, Mevlüde-Aysun TOKBAG joins KLEYR GRASSO with two other investment funds lawyers Fabian FRANKUS and Garry REULAND. The team has a strong market…
1. New indexation on 1st April 2022 According to the STATEC release of 30 March 2022[1], the wage index increases from 855.62 points to 877.01 points…
Telework for cross-border workers: The respective agreements concluded with the cross-border countries (Germany, Belgium and France) not to take into account teleworking days due to the…
Bill no 7971, which is expected to be voted on and published today, provides for the end of the “3G” scheme in the workplace.
By a decision rendered on 2 March 2022, the 7th Chamber of the Court of appeal has now clarified that the persons having the right to…
Revue luxembourgeoise de droit public
Revue des procédures
Revue luxembourgeoise de droit immobilier
Protection des sols et gestion des sols pollués, Tome II – Revue luxembourgeoise de droit immobilier no 6, avril 2020 Mélanie TRIENBACH (KLEYR GRASSO) « Jurisprudence commentée…
Lëtzebuerger Gemengen
