Banking and financial services

The areas of expertise of our Banking and Financial Services practice essentially involve advising Luxembourg and foreign credit institutions and other professionals of the financial sector (PFS), including investment firms, on private-banking-related matters and related regulatory issues.

In the private banking field, our lawyers advise and assist clients in the drafting of all types of contractual documents, ranging from state-of-the-art general terms and conditions or other account opening applications to any type of specific contract that may be required. In this context, our team also advises on any type of banking- or finance-related issues that may arise in dealings with clients.

Our practice area has developed considerable expertise in handling all types of banking litigation, including assisting our clients in mediation procedures before the supervisory authority of the financial sector — the Commission de Surveillance du Secteur Financier (CSSF).

As for our regulatory expertise, our practice advises credit institutions and PFS on all types of regulatory issues relating to their business activity and assists them in all their dealings with the CSSF. Such assistance ranges from the setting up, the development and, where needed, the termination of their regulated business activity. In this context, our lawyers pride themselves on having been involved in the creation of a significant number of banks and PFS, including the first mortgage banks, e-banking and e-brokerage projects. Over the years, our team has also gained valuable expertise in reorganising and merging banks and PFS.

Our expertise is deepened through the presence of many of our lawyers on committees and working groups of the CSSF and the ABBL.

For more information on banking and financial services click here.