Brexit: CSSF on the end of the transitional period

On 7 December, the Luxembourg Financial Sector Supervisory Authority (the CSSF) issued a press release which restates and/or clarifies some aspects of the end of the post-Brexit transitional period (31 December 2020).

Related briefings

Luxembourg tax authorities issue a circular on interest deduction limitation

On 8 January 2021, the Luxembourg tax authorities (LTA) issued highly anticipated guidance with respect to the application of article 168 bis of Luxembourg income tax law (LITL), which was introduced in 2018 through the implementation in Luxembourg law of the EU Directive 2016/1164 Anti-Tax Avoidance Directive 1. According to article 168 bis LITL, Luxembourg […]

Economic substance: clarification of COVID-19 concession in Jersey

Since the Taxation (Companies – Economic Substance) (Jersey) Law 2019 (the Law) came into force on 1 January 2019, Jersey tax resident companies carrying out certain ‘relevant activities’ have had to comply with the substance requirements set out within the Law.

Latest Briefings

Ban on evicting commercial tenants extended

On 9 December 2020 the Government confirmed that the evictions ban on commercial tenants for non-payment of rent will be extended until the end of March 2021, protecting business owners affected by COVID-19.

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Bank Station London City

Quinn bucks the trend and expands City real estate

Quinn Emanuel Urquhart & Sullivan has decided to take up extra space in its City building and extend its lease. The firm has taken on an extra half a floor in its premises in High Holborn. It opened its London office in 2008 and it has since grown into one of the top litigation firms […]

counting money

BLM unveils new funding package with HSBC

BLM has replaced its three-year £20m funding package with a new deal with HSBC. The insurance specialist said that the new facility will support the continued development of its digital first strategy, which it initiated last year. The firm is now paperless, and over the summer began the shift to a more flexible working model […]

High Court

Clydes called out by judge in ongoing insolvency dispute

A judge has thrown out Clyde & Co’s attempt to delay filing its defences in a dispute with a now insolvent property company, stating the firm is “hiding behind the skirts of privilege”. The case, which was filed in 2015, is brought by Rhino Enterprises Properties Limited (REPL) and Askwith Investments Limited (AIL). They allege […]

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