The Luxembourg side of London
By Camille Bourke
On the one hand, ideally located at the intersection of Belgium, France and Germany, Luxembourg is a small but highly stable country boasting one of the highest GDPs per capita in the world. It is a founding partner of the EU and is home to some of its most important institutions, including the European Investment Bank and the European Court of Justice. Its mature legal and regulatory systems have been continuously updated through the creation of numerous dedicated regulatory frameworks (such as UCITS, alternative investment funds, securitisation vehicles and wealth management companies) to ensure the attractiveness of the banking and financial services, which account for the majority of Luxembourg’s economic output.
On the other hand, in addition to being the world’s leading global financial centre and the single most internationally focused financial market in the world, London has traditionally served as a bridge between the economies of the US and Asia. For instance, a lot of US-based clients and law firms use their London offices as stepping stones for US-driven transactions into continental Europe…
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