{"id":15710,"date":"2022-10-26T14:39:09","date_gmt":"2022-10-26T12:39:09","guid":{"rendered":"https:\/\/brouxelrabia.lu\/?p=15710"},"modified":"2023-02-17T15:36:13","modified_gmt":"2023-02-17T14:36:13","slug":"luxembourg-bill-of-law-administrative-dissolution","status":"publish","type":"post","link":"https:\/\/brouxelrabia.lu\/luxembourg-bill-of-law-administrative-dissolution\/","title":{"rendered":"The Luxembourg bill of law (6539B) creating an administrative dissolution procedure without liquidation has been finally adopted by the Luxembourg Chamber of Deputies"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"15710\" class=\"elementor elementor-15710\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7d133251 elementor-section-height-min-height elementor-section-boxed elementor-section-height-default elementor-section-items-middle\" data-id=\"7d133251\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;jet_parallax_layout_list&quot;:[{&quot;_id&quot;:&quot;4d06b11&quot;,&quot;jet_parallax_layout_image&quot;:{&quot;url&quot;:&quot;&quot;,&quot;id&quot;:&quot;&quot;,&quot;size&quot;:&quot;&quot;},&quot;jet_parallax_layout_image_tablet&quot;:{&quot;url&quot;:&quot;&quot;,&quot;id&quot;:&quot;&quot;,&quot;size&quot;:&quot;&quot;},&quot;jet_parallax_layout_image_mobile&quot;:{&quot;url&quot;:&quot;&quot;,&quot;id&quot;:&quot;&quot;,&quot;size&quot;:&quot;&quot;},&quot;jet_parallax_layout_speed&quot;:{&quot;unit&quot;:&quot;%&quot;,&quot;size&quot;:50,&quot;sizes&quot;:[]},&quot;jet_parallax_layout_type&quot;:&quot;scroll&quot;,&quot;jet_parallax_layout_direction&quot;:null,&quot;jet_parallax_layout_fx_direction&quot;:null,&quot;jet_parallax_layout_z_index&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_x&quot;:50,&quot;jet_parallax_layout_bg_x_tablet&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_x_mobile&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_y&quot;:50,&quot;jet_parallax_layout_bg_y_tablet&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_y_mobile&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_size&quot;:&quot;auto&quot;,&quot;jet_parallax_layout_bg_size_tablet&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_size_mobile&quot;:&quot;&quot;,&quot;jet_parallax_layout_animation_prop&quot;:&quot;transform&quot;,&quot;jet_parallax_layout_on&quot;:[&quot;desktop&quot;,&quot;tablet&quot;]}]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4e89a72f\" data-id=\"4e89a72f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2239dab1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2239dab1\" data-element_type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[{&quot;_id&quot;:&quot;800ca77&quot;,&quot;jet_parallax_layout_image&quot;:{&quot;url&quot;:&quot;&quot;,&quot;id&quot;:&quot;&quot;,&quot;size&quot;:&quot;&quot;},&quot;jet_parallax_layout_image_tablet&quot;:{&quot;url&quot;:&quot;&quot;,&quot;id&quot;:&quot;&quot;,&quot;size&quot;:&quot;&quot;},&quot;jet_parallax_layout_image_mobile&quot;:{&quot;url&quot;:&quot;&quot;,&quot;id&quot;:&quot;&quot;,&quot;size&quot;:&quot;&quot;},&quot;jet_parallax_layout_speed&quot;:{&quot;unit&quot;:&quot;%&quot;,&quot;size&quot;:50,&quot;sizes&quot;:[]},&quot;jet_parallax_layout_type&quot;:&quot;scroll&quot;,&quot;jet_parallax_layout_direction&quot;:null,&quot;jet_parallax_layout_fx_direction&quot;:null,&quot;jet_parallax_layout_z_index&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_x&quot;:50,&quot;jet_parallax_layout_bg_x_tablet&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_x_mobile&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_y&quot;:50,&quot;jet_parallax_layout_bg_y_tablet&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_y_mobile&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_size&quot;:&quot;auto&quot;,&quot;jet_parallax_layout_bg_size_tablet&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_size_mobile&quot;:&quot;&quot;,&quot;jet_parallax_layout_animation_prop&quot;:&quot;transform&quot;,&quot;jet_parallax_layout_on&quot;:[&quot;desktop&quot;,&quot;tablet&quot;]}]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-364ab62\" data-id=\"364ab62\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-72e14c2c elementor-align-left elementor-widget elementor-widget-post-info\" data-id=\"72e14c2c\" data-element_type=\"widget\" data-widget_type=\"post-info.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<link rel=\"stylesheet\" href=\"https:\/\/brouxelrabia.lu\/wp-content\/uploads\/elementor\/css\/custom-widget-icon-list.min.css?ver=1714611932\"><link rel=\"stylesheet\" href=\"https:\/\/brouxelrabia.lu\/wp-content\/plugins\/elementor-pro\/assets\/css\/widget-theme-elements.min.css\">\t\t<ul class=\"elementor-inline-items elementor-icon-list-items elementor-post-info\">\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-fde9fb9 elementor-inline-item\" itemprop=\"datePublished\">\n\t\t\t\t\t\t<a href=\"https:\/\/brouxelrabia.lu\/2022\/10\/26\/\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-date\">\n\t\t\t\t\t\t\t<span class=\"elementor-post-info__item-prefix\">Published<\/span>\n\t\t\t\t\t\t\t\t\t\t<time>October 26, 2022<\/time>\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t<\/li>\n\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6d933142 elementor-widget elementor-widget-heading\" data-id=\"6d933142\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 30-04-2024 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h1 class=\"elementor-heading-title elementor-size-default\">The Luxembourg bill of law (6539B) creating an administrative dissolution procedure without liquidation has been finally adopted by the Luxembourg Chamber of Deputies<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6790d1db elementor-widget elementor-widget-text-editor\" data-id=\"6790d1db\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 30-04-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>As part of an extensive and long-lasting reform of Luxembourg insolvency law which has been in process since the introduction in 2013 of the draft law on the preservation of companies and on the modernization of bankruptcy law, the Luxembourg Chamber of Deputies (\u201c<em>Chambre des D\u00e9put\u00e9s<\/em>\u201d) adopted on <a href=\"https:\/\/gouvernement.lu\/fr\/actualites\/toutes_actualites\/communiques\/2022\/10-octobre\/18-dissolution-administrative.html\" target=\"_blank\" rel=\"noopener\">18 October 2022 the Luxembourg bill of law n\u00b06539B<\/a> creating the administrative dissolution procedure without liquidation <em>(Projet de loi portant cr\u00e9ation de la procedure de dissolution administrative sans liquidation)<\/em> (the \u201c<strong>Bill of<\/strong> <strong>Law<\/strong>\u201d). The Bill of Law shall enter into force 3 months after its publications (i.e. presumably between end of January and beginning of February 2023). <a href=\"#_ftn1\" name=\"_ftnref1\">[1]<\/a><\/p>\n<p>By introducing the possibility of dissolving certain commercial companies without liquidation, the Bill of Law aims not only to reduce the public costs of liquidating shell companies with no assets left but also to avoid burdensome and time-consuming court proceedings. Indeed, numerous are the Luxembourg entities currently put into liquidation for reasons unrelated to financial issues but connected with serious breaches of certain applicable Luxembourg law (e.g. domiciliation issues, lack of annual accounts approval, lack of functioning and operational management). It is expected that the Bill of Law will lead to the quick dissolution of phantom-type companies and alleviate administrative work to the Luxembourg Trade and Companies\u2019 Register (<em>Registre de Commerce et des Soci\u00e9t\u00e9s, Luxembourg &#8211; RCS<\/em>) by \u201ccleaning it up\u201d from shell companies.<\/p>\n<h2><strong>Key terms of the Bill of Law:<\/strong><\/h2>\n<ul>\n<li>The procedure is available to all types of Luxembourg companies, thereby including partnerships without legal personality, with limited exclusions resulting from the supervision of certain types of companies (e.g. credit institutions, investment funds, securitization vehicles issuing securities offered to the public, lawyers\u2019 firms, central securities depositories).<\/li>\n<li>The administrative dissolution procedure is an autonomous procedure, distinct form the procedure of judicial liquidation set forth in article 1200-1 and seq. of the amended law of 10 August 1915 on commercial companies.<\/li>\n<li>No court is involved in this new administrative and unilateral process. The procedure is under the management of the RCS and supervision of the Public Prosecutor. Judicial remedy is nonetheless available before the President of the District Court who decides on the merits of the case following the procedure applicable to summary proceedings. This procedural choice brings a certain degree of continuity to the extent that the procedure is similar to the one existing to challenge certain decisions of the RCS. However, the appeal of the Public\u2019s Prosecutor\u2019s decision should be made within one month following the publication of the procedure\u2019s opening in the <em><em><em>Recueil Electronique des Soci\u00e9t\u00e9s et Associations, Luxembourg.<\/em><\/em><\/em><\/li>\n<li>The opening of an administrative procedure under the Bill of Law remains at the sole discretion of the Public Prosecutor, which is exclusively empowered to determine the eligibility of a Luxembourg company to this procedure, on the basis of precise and consistent indications that the conditions are met (see <em>infra<\/em>). It is not possible for third parties, creditors, shareholders or companies themselves to request or initiate the opening of such procedure.<\/li>\n<li>Three cumulative conditions must be met for the administrative dissolution procedure to be initiated against commercial companies:<br>&nbsp;<br>1. a company must pursue activities contrary to criminal law or which seriously contravene the provisions of the Luxembourg Criminal Code&nbsp;<a href=\"#_ftn2\" name=\"_ftnref2\" style=\"background-color: white; letter-spacing: 0px;\">[2]<\/a><span style=\"letter-spacing: 0px;\">, Commercial Code or the laws governing commercial companies including those laws governing authorisations to do business;<br><\/span>2. the absence of employees; and<br>3. the absence of assets.<\/li>\n<\/ul>\n<p>If any of them fails to be met at any time of the process, the procedure will be ended.<\/p>\n<ul>\n<li>As from the publication by the RCS manager of the decision to open the procedure, the concerned company will not be able to manage its assets anymore, and any subsequent transaction, payment or disposal of assets will be null and void.<\/li>\n<li>Following the opening of the administrative dissolution, the RCS manager must perform material checks (<em>\u201cv\u00e9rifications\u201d<\/em>) on the absence of assets and employees. It shall require such information from the institutions listed in the Bill of Law (such as the Land registry, the social security institution, the banks, non-life insurers\u2026).<\/li>\n<li>As soon as the verifications have been made by the RCS manager, it informs the Public Prosecutor of the outcome thereof. Should any asset or employee be identified, the cumulative conditions for an administrative dissolution are not met and the Public Prosecutor shall request the RCS manager to stop the procedure. Otherwise, the Public Prosecutor shall request the RCS Manager to pursue the administrative dissolution proceeding.<\/li>\n<li>The concerned companies will be automatically dissolved upon the closing of the procedure which shall be closed no later than 6 months after the publication of the opening decision.<\/li>\n<li>A liquidation procedure may be opened even after the dissolution has been closed, upon the initiative of the Public Prosecutor which informs the competent district court of existing assets of the companies. Under such circumstances, the normal judicial liquidation procedure will apply. The court may also decide, on a discretionary basis, to partially apply bankruptcy rules.<\/li>\n<\/ul>\n<p>Click <strong><a href=\"https:\/\/brouxelrabia.lu\/wp-content\/uploads\/2022\/10\/6539B-Administrative-dissolution-without-liquidation-procedure.pdf\">here <\/a><\/strong>for a short overview of steps of administrative dissolution without liquidation procedure.<\/p>\n<p>Another bill of law (bill of law n\u00b06539A) \u2013 still under parliamentary work in the dedicated parliamentary Commission \u2013 aims at consolidating a procedural reform of Luxembourg insolvency processes. By doing so, Luxembourg is segregating pre-dissolution processes (i.e. procedures seeking to avoid a dissolution) from dissolution ones, in an effort to clarify the procedures and expand the scope of the pre-dissolution processes\/debt restructuring processes.<\/p>\n<p><strong>Please feel free to reach out to our <a href=\"https:\/\/brouxelrabia.lu\/our-team\/\">Corporate team<\/a>&nbsp;should you have any question regarding the dissolution of companies in Luxembourg.<\/strong><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ced0388 elementor-widget elementor-widget-text-editor\" data-id=\"ced0388\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p style=\"font-size: 17px; text-align: justify;\"><a href=\"https:\/\/brouxelrabia.lu\/?p=15710&amp;elementor-preview=15710&amp;ver=1666772420#_ftnref1\" name=\"_ftn1\">[1]<\/a>\u00a0In order for the Bill of Law to become a law and to be effectively applied in Luxembourg, it shall be promulgated by the Grand Duke in the coming days and subsequently published in the Luxembourg official gazette.<br \/><a href=\"https:\/\/brouxelrabia.lu\/?p=15710&amp;elementor-preview=15710&amp;ver=1666772420#_ftnref2\" name=\"_ftn2\">[2]<\/a>\u00a0This could include fraudulent bankruptcy, as well as predictable offences to money laundering such as financial sanctions contravention.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-98cae13 elementor-widget elementor-widget-heading\" data-id=\"98cae13\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/brouxelrabia.lu\/our-expertise\/corporate-m-a\/\" target=\"_blank\">Learn more about our Corporate Expertise<\/a><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-a761c94 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a761c94\" data-element_type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[{&quot;jet_parallax_layout_image&quot;:{&quot;url&quot;:&quot;&quot;,&quot;id&quot;:&quot;&quot;,&quot;size&quot;:&quot;&quot;},&quot;_id&quot;:&quot;4e42ad8&quot;,&quot;jet_parallax_layout_image_tablet&quot;:{&quot;url&quot;:&quot;&quot;,&quot;id&quot;:&quot;&quot;,&quot;size&quot;:&quot;&quot;},&quot;jet_parallax_layout_image_mobile&quot;:{&quot;url&quot;:&quot;&quot;,&quot;id&quot;:&quot;&quot;,&quot;size&quot;:&quot;&quot;},&quot;jet_parallax_layout_speed&quot;:{&quot;unit&quot;:&quot;%&quot;,&quot;size&quot;:50,&quot;sizes&quot;:[]},&quot;jet_parallax_layout_type&quot;:&quot;scroll&quot;,&quot;jet_parallax_layout_direction&quot;:null,&quot;jet_parallax_layout_fx_direction&quot;:null,&quot;jet_parallax_layout_z_index&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_x&quot;:50,&quot;jet_parallax_layout_bg_x_tablet&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_x_mobile&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_y&quot;:50,&quot;jet_parallax_layout_bg_y_tablet&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_y_mobile&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_size&quot;:&quot;auto&quot;,&quot;jet_parallax_layout_bg_size_tablet&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_size_mobile&quot;:&quot;&quot;,&quot;jet_parallax_layout_animation_prop&quot;:&quot;transform&quot;,&quot;jet_parallax_layout_on&quot;:[&quot;desktop&quot;,&quot;tablet&quot;]}]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-883b5ec\" data-id=\"883b5ec\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1aad13b8 elementor-widget elementor-widget-image\" data-id=\"1aad13b8\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 30-04-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/brouxelrabia.lu\/our-team\/samia-rabia\/\">\n\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"230\" height=\"230\" src=\"https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2021\/12\/sam-team.jpg?resize=230%2C230&amp;ssl=1\" class=\"attachment-kava-thumb-s-2 size-kava-thumb-s-2 wp-image-3251\" alt=\"Samia RABIA, Partner Brouxel and Rabia Luxembourg Law Firm\" srcset=\"https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2021\/12\/sam-team.jpg?resize=150%2C150&amp;ssl=1 150w, https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2021\/12\/sam-team.jpg?resize=230%2C230&amp;ssl=1 230w, https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2021\/12\/sam-team.jpg?resize=400%2C400&amp;ssl=1 400w, https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2021\/12\/sam-team.jpg?zoom=2&amp;resize=230%2C230&amp;ssl=1 460w\" sizes=\"(max-width: 230px) 100vw, 230px\" title=\"\">\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">Samia RABIA, Partner <\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a924905 elementor-widget elementor-widget-image\" data-id=\"a924905\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/brouxelrabia.lu\/our-team\/estelle-nzoungou\/\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"230\" height=\"230\" src=\"https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2021\/12\/6e1b6456-9320-46a9-99aa-1395330f95da.jpg?resize=230%2C230&amp;ssl=1\" class=\"attachment-kava-thumb-s-2 size-kava-thumb-s-2 wp-image-5425\" alt=\"Estelle NZOUNGOU, Senior Associate - Brouxel and Rabia Luxembourg Law Firm\" srcset=\"https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2021\/12\/6e1b6456-9320-46a9-99aa-1395330f95da.jpg?resize=150%2C150&amp;ssl=1 150w, https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2021\/12\/6e1b6456-9320-46a9-99aa-1395330f95da.jpg?resize=230%2C230&amp;ssl=1 230w, https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2021\/12\/6e1b6456-9320-46a9-99aa-1395330f95da.jpg?resize=400%2C400&amp;ssl=1 400w, https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2021\/12\/6e1b6456-9320-46a9-99aa-1395330f95da.jpg?zoom=2&amp;resize=230%2C230&amp;ssl=1 460w\" sizes=\"(max-width: 230px) 100vw, 230px\" title=\"\">\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">Estelle NZOUNGOU, Senior Associate <\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-69c87e8\" data-id=\"69c87e8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8844b81 elementor-widget elementor-widget-image\" data-id=\"8844b81\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/brouxelrabia.lu\/our-team\/miroslava-dudas-counsel-brouxel-and-rabia\/\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"230\" height=\"230\" src=\"https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2022\/10\/Miroslava_Dudas_BrouxelRabia_Luxembourg_Law_Firm.png?resize=230%2C230&amp;ssl=1\" class=\"attachment-kava-thumb-s-2 size-kava-thumb-s-2 wp-image-15573\" alt=\"Miroslava_Dudas_Brouxel&amp;Rabia_Luxembourg_Law_Firm\" srcset=\"https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2022\/10\/Miroslava_Dudas_BrouxelRabia_Luxembourg_Law_Firm.png?w=591&amp;ssl=1 591w, https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2022\/10\/Miroslava_Dudas_BrouxelRabia_Luxembourg_Law_Firm.png?resize=300%2C300&amp;ssl=1 300w, https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2022\/10\/Miroslava_Dudas_BrouxelRabia_Luxembourg_Law_Firm.png?resize=150%2C150&amp;ssl=1 150w, https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2022\/10\/Miroslava_Dudas_BrouxelRabia_Luxembourg_Law_Firm.png?resize=230%2C230&amp;ssl=1 230w, https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2022\/10\/Miroslava_Dudas_BrouxelRabia_Luxembourg_Law_Firm.png?resize=400%2C400&amp;ssl=1 400w\" sizes=\"(max-width: 230px) 100vw, 230px\" title=\"\">\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">Miroslava DUDAS, Counsel<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f99c81d elementor-widget elementor-widget-image\" data-id=\"f99c81d\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/brouxelrabia.lu\/our-team\/margot-geisler\/\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"230\" height=\"230\" src=\"https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2022\/07\/Margot-GEISLER-e1657014466540.png?resize=230%2C230&amp;ssl=1\" class=\"attachment-kava-thumb-s-2 size-kava-thumb-s-2 wp-image-12235\" alt=\"Margot GEISLER Brouxel &amp; Rabia Luxembourg Law Firm\" srcset=\"https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2022\/07\/Margot-GEISLER-e1657014466540.png?w=240&amp;ssl=1 240w, https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2022\/07\/Margot-GEISLER-e1657014466540.png?resize=150%2C150&amp;ssl=1 150w, https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2022\/07\/Margot-GEISLER-e1657014466540.png?resize=230%2C230&amp;ssl=1 230w\" sizes=\"(max-width: 230px) 100vw, 230px\" title=\"\">\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">Margot GEISLER, Associate<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-a707909\" data-id=\"a707909\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-64e8638c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"64e8638c\" 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linkedin\"\n\t\t\t\t\t\t>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-share-btn__icon\">\n\t\t\t\t\t\t\t\t<i class=\"fab fa-linkedin\" aria-hidden=\"true\"><\/i>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-3c238b74 elementor-widget elementor-widget-heading\" data-id=\"3c238b74\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">More Posts<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2111c25d elementor-grid-1 elementor-grid-tablet-2 elementor-grid-mobile-1 elementor-posts--thumbnail-top elementor-widget elementor-widget-posts\" data-id=\"2111c25d\" data-element_type=\"widget\" data-settings=\"{&quot;classic_columns&quot;:&quot;1&quot;,&quot;classic_columns_tablet&quot;:&quot;2&quot;,&quot;classic_columns_mobile&quot;:&quot;1&quot;,&quot;classic_row_gap&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:35,&quot;sizes&quot;:[]},&quot;classic_row_gap_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;classic_row_gap_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"posts.classic\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<link rel=\"stylesheet\" href=\"https:\/\/brouxelrabia.lu\/wp-content\/plugins\/elementor-pro\/assets\/css\/widget-posts.min.css\">\t\t<div class=\"elementor-posts-container elementor-posts elementor-posts--skin-classic elementor-grid\">\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-19529 post type-post status-publish format-standard has-post-thumbnail hentry category-regulations category-finance tag-banking tag-delia-nitescu tag-finance tag-regulatory\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/brouxelrabia.lu\/upcoming-implementation-of-luxembourgs-new-legal-framework-to-tackle-non-performing-loans\/\" tabindex=\"-1\">\n\t\t\t<div class=\"elementor-post__thumbnail\"><img loading=\"lazy\" decoding=\"async\" width=\"768\" height=\"276\" src=\"https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2024\/04\/AdobeStock_661332697-scaled.jpeg?fit=768%2C276&amp;ssl=1\" class=\"attachment-medium_large size-medium_large wp-image-19465\" alt=\"\" title=\"\" srcset=\"https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2024\/04\/AdobeStock_661332697-scaled.jpeg?w=2560&amp;ssl=1 2560w, https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2024\/04\/AdobeStock_661332697-scaled.jpeg?resize=300%2C108&amp;ssl=1 300w, https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2024\/04\/AdobeStock_661332697-scaled.jpeg?resize=1024%2C369&amp;ssl=1 1024w, https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2024\/04\/AdobeStock_661332697-scaled.jpeg?resize=768%2C276&amp;ssl=1 768w, https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2024\/04\/AdobeStock_661332697-scaled.jpeg?resize=1536%2C553&amp;ssl=1 1536w, https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2024\/04\/AdobeStock_661332697-scaled.jpeg?resize=2048%2C737&amp;ssl=1 2048w, https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2024\/04\/AdobeStock_661332697-scaled.jpeg?resize=600%2C216&amp;ssl=1 600w, https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2024\/04\/AdobeStock_661332697-scaled.jpeg?w=2400&amp;ssl=1 2400w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/div>\n\t\t<\/a>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/brouxelrabia.lu\/upcoming-implementation-of-luxembourgs-new-legal-framework-to-tackle-non-performing-loans\/\">\n\t\t\t\tUpcoming Implementation of Luxembourg&#8217;s New Legal Framework to Tackle Non-Performing Loans\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t<div class=\"elementor-post__meta-data\">\n\t\t\t\t\t<span class=\"elementor-post-date\">\n\t\t\tApril 29, 2024\t\t<\/span>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-post__excerpt\">\n\t\t\t<p>The Luxembourg Chamber of Commerce has paved the way for progress with their recent opinions, and now, the much-anticipated Bill of Law N\u00b08185 regarding the transfer of non-performing loans is on the verge of adoption&#8230;<\/p>\n\t\t<\/div>\n\t\t\n\t\t<a class=\"elementor-post__read-more\" href=\"https:\/\/brouxelrabia.lu\/upcoming-implementation-of-luxembourgs-new-legal-framework-to-tackle-non-performing-loans\/\" aria-label=\"Read more about Upcoming Implementation of Luxembourg&#8217;s New Legal Framework to Tackle Non-Performing Loans\" tabindex=\"-1\" target=\"_blank\">\n\t\t\tRead More \u00bb\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t<\/article>\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-19481 post type-post status-publish format-standard has-post-thumbnail hentry category-regulations tag-banking tag-eric-jungblut tag-francois-brouxel tag-regulatory\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/brouxelrabia.lu\/introduction-of-a-new-regulation-for-third-countries-undertakings-conducting-core-banking-services-in-luxembourg\/\" tabindex=\"-1\">\n\t\t\t<div class=\"elementor-post__thumbnail\"><img loading=\"lazy\" decoding=\"async\" width=\"768\" height=\"276\" src=\"https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2024\/04\/AdobeStock_661332697-scaled.jpeg?fit=768%2C276&amp;ssl=1\" class=\"attachment-medium_large size-medium_large wp-image-19465\" alt=\"\" title=\"\" srcset=\"https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2024\/04\/AdobeStock_661332697-scaled.jpeg?w=2560&amp;ssl=1 2560w, https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2024\/04\/AdobeStock_661332697-scaled.jpeg?resize=300%2C108&amp;ssl=1 300w, https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2024\/04\/AdobeStock_661332697-scaled.jpeg?resize=1024%2C369&amp;ssl=1 1024w, https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2024\/04\/AdobeStock_661332697-scaled.jpeg?resize=768%2C276&amp;ssl=1 768w, https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2024\/04\/AdobeStock_661332697-scaled.jpeg?resize=1536%2C553&amp;ssl=1 1536w, https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2024\/04\/AdobeStock_661332697-scaled.jpeg?resize=2048%2C737&amp;ssl=1 2048w, https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2024\/04\/AdobeStock_661332697-scaled.jpeg?resize=600%2C216&amp;ssl=1 600w, https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2024\/04\/AdobeStock_661332697-scaled.jpeg?w=2400&amp;ssl=1 2400w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/div>\n\t\t<\/a>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/brouxelrabia.lu\/introduction-of-a-new-regulation-for-third-countries-undertakings-conducting-core-banking-services-in-luxembourg\/\">\n\t\t\t\tIntroduction of a new regulation for third-countries undertakings conducting core banking services in Luxembourg\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t<div class=\"elementor-post__meta-data\">\n\t\t\t\t\t<span class=\"elementor-post-date\">\n\t\t\tApril 18, 2024\t\t<\/span>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-post__excerpt\">\n\t\t\t<p>The imminent arrival of a new regulation in Luxembourg will impact third-country undertakings (TCUs) providing core banking services, signaling an upcoming shift in the regulatory landscape for these entities&#8230;<\/p>\n\t\t<\/div>\n\t\t\n\t\t<a class=\"elementor-post__read-more\" href=\"https:\/\/brouxelrabia.lu\/introduction-of-a-new-regulation-for-third-countries-undertakings-conducting-core-banking-services-in-luxembourg\/\" aria-label=\"Read more about Introduction of a new regulation for third-countries undertakings conducting core banking services in Luxembourg\" tabindex=\"-1\" target=\"_blank\">\n\t\t\tRead More \u00bb\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t<\/article>\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-19438 post type-post status-publish format-standard has-post-thumbnail hentry category-regulations tag-banking tag-eric-jungblut tag-francois-brouxel tag-regulatory\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/brouxelrabia.lu\/payment-services-new-rules-in-sight\/\" tabindex=\"-1\">\n\t\t\t<div class=\"elementor-post__thumbnail\"><img loading=\"lazy\" decoding=\"async\" width=\"768\" height=\"276\" src=\"https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2024\/04\/AdobeStock_661332697-scaled.jpeg?fit=768%2C276&amp;ssl=1\" class=\"attachment-medium_large size-medium_large wp-image-19465\" alt=\"\" title=\"\" srcset=\"https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2024\/04\/AdobeStock_661332697-scaled.jpeg?w=2560&amp;ssl=1 2560w, https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2024\/04\/AdobeStock_661332697-scaled.jpeg?resize=300%2C108&amp;ssl=1 300w, https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2024\/04\/AdobeStock_661332697-scaled.jpeg?resize=1024%2C369&amp;ssl=1 1024w, https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2024\/04\/AdobeStock_661332697-scaled.jpeg?resize=768%2C276&amp;ssl=1 768w, https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2024\/04\/AdobeStock_661332697-scaled.jpeg?resize=1536%2C553&amp;ssl=1 1536w, https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2024\/04\/AdobeStock_661332697-scaled.jpeg?resize=2048%2C737&amp;ssl=1 2048w, https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2024\/04\/AdobeStock_661332697-scaled.jpeg?resize=600%2C216&amp;ssl=1 600w, https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2024\/04\/AdobeStock_661332697-scaled.jpeg?w=2400&amp;ssl=1 2400w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/div>\n\t\t<\/a>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/brouxelrabia.lu\/payment-services-new-rules-in-sight\/\">\n\t\t\t\tPayment services: new rules in sight\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t<div class=\"elementor-post__meta-data\">\n\t\t\t\t\t<span class=\"elementor-post-date\">\n\t\t\tApril 3, 2024\t\t<\/span>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-post__excerpt\">\n\t\t\t<p>A new EU regulation 2024\/886 will make instant payments fully available in euro to consumers and businesses in the EU and in EEA countries&#8230;<\/p>\n\t\t<\/div>\n\t\t\n\t\t<a class=\"elementor-post__read-more\" href=\"https:\/\/brouxelrabia.lu\/payment-services-new-rules-in-sight\/\" aria-label=\"Read more about Payment services: new rules in sight\" tabindex=\"-1\" target=\"_blank\">\n\t\t\tRead More \u00bb\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t<\/article>\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-19214 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-funds category-legal tag-aifm tag-investment-funds tag-iya-martkoplichvili tag-samia-rabia\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/brouxelrabia.lu\/aifm-and-ucits\/\" tabindex=\"-1\">\n\t\t\t<div class=\"elementor-post__thumbnail\"><img loading=\"lazy\" decoding=\"async\" width=\"768\" height=\"512\" src=\"https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2023\/09\/Breaking-News-scaled.jpeg?fit=768%2C512&amp;ssl=1\" class=\"attachment-medium_large size-medium_large wp-image-18801\" alt=\"\" title=\"\" srcset=\"https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2023\/09\/Breaking-News-scaled.jpeg?w=2560&amp;ssl=1 2560w, https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2023\/09\/Breaking-News-scaled.jpeg?resize=300%2C200&amp;ssl=1 300w, https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2023\/09\/Breaking-News-scaled.jpeg?resize=1024%2C683&amp;ssl=1 1024w, https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2023\/09\/Breaking-News-scaled.jpeg?resize=768%2C512&amp;ssl=1 768w, https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2023\/09\/Breaking-News-scaled.jpeg?resize=1536%2C1024&amp;ssl=1 1536w, https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2023\/09\/Breaking-News-scaled.jpeg?resize=2048%2C1365&amp;ssl=1 2048w, https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2023\/09\/Breaking-News-scaled.jpeg?resize=600%2C400&amp;ssl=1 600w, https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2023\/09\/Breaking-News-scaled.jpeg?w=2400&amp;ssl=1 2400w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/div>\n\t\t<\/a>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/brouxelrabia.lu\/aifm-and-ucits\/\">\n\t\t\t\tWhat you need to know about the amendments to the AIFM and UCITS Directives made in the AIFMD II Proposal\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t<div class=\"elementor-post__meta-data\">\n\t\t\t\t\t<span class=\"elementor-post-date\">\n\t\t\tApril 2, 2024\t\t<\/span>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-post__excerpt\">\n\t\t\t<p>On 7 February 2024, the European Parliament adopted the directive\u00a0amending the\u00a0AIFM and UCITS Directives&#8230;<\/p>\n\t\t<\/div>\n\t\t\n\t\t<a class=\"elementor-post__read-more\" href=\"https:\/\/brouxelrabia.lu\/aifm-and-ucits\/\" aria-label=\"Read more about What you need to know about the amendments to the AIFM and UCITS Directives made in the AIFMD II Proposal\" tabindex=\"-1\" target=\"_blank\">\n\t\t\tRead More \u00bb\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t<\/article>\n\t\t\t\t<\/div>\n\t\t\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-724a749d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"724a749d\" data-element_type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[{&quot;_id&quot;:&quot;7e89468&quot;,&quot;jet_parallax_layout_image&quot;:{&quot;url&quot;:&quot;&quot;,&quot;id&quot;:&quot;&quot;,&quot;size&quot;:&quot;&quot;},&quot;jet_parallax_layout_image_tablet&quot;:{&quot;url&quot;:&quot;&quot;,&quot;id&quot;:&quot;&quot;,&quot;size&quot;:&quot;&quot;},&quot;jet_parallax_layout_image_mobile&quot;:{&quot;url&quot;:&quot;&quot;,&quot;id&quot;:&quot;&quot;,&quot;size&quot;:&quot;&quot;},&quot;jet_parallax_layout_speed&quot;:{&quot;unit&quot;:&quot;%&quot;,&quot;size&quot;:50,&quot;sizes&quot;:[]},&quot;jet_parallax_layout_type&quot;:&quot;scroll&quot;,&quot;jet_parallax_layout_direction&quot;:null,&quot;jet_parallax_layout_fx_direction&quot;:null,&quot;jet_parallax_layout_z_index&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_x&quot;:50,&quot;jet_parallax_layout_bg_x_tablet&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_x_mobile&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_y&quot;:50,&quot;jet_parallax_layout_bg_y_tablet&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_y_mobile&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_size&quot;:&quot;auto&quot;,&quot;jet_parallax_layout_bg_size_tablet&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_size_mobile&quot;:&quot;&quot;,&quot;jet_parallax_layout_animation_prop&quot;:&quot;transform&quot;,&quot;jet_parallax_layout_on&quot;:[&quot;desktop&quot;,&quot;tablet&quot;]}]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-custom\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-25b72ade\" data-id=\"25b72ade\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2e1f8524 elementor-post-navigation-borders-yes elementor-widget elementor-widget-post-navigation\" data-id=\"2e1f8524\" data-element_type=\"widget\" data-widget_type=\"post-navigation.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-post-navigation\">\n\t\t\t<div class=\"elementor-post-navigation__prev elementor-post-navigation__link\">\n\t\t\t\t<a href=\"https:\/\/brouxelrabia.lu\/brs-ai-act-series-the-risk-based-approach-of-the-ai-act\/\" rel=\"prev\"><span class=\"post-navigation__arrow-wrapper post-navigation__arrow-prev\"><i class=\"fa fa-angle-double-left\" aria-hidden=\"true\"><\/i><span class=\"elementor-screen-only\">Prev<\/span><\/span><span class=\"elementor-post-navigation__link__prev\"><span class=\"post-navigation__prev--label\">Previous Post<\/span><span class=\"post-navigation__prev--title\">B&#038;R\u2019s AI Act series &#8211; The risk-based approach of the AI Act<\/span><\/span><\/a>\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-post-navigation__separator-wrapper\">\n\t\t\t\t\t<div class=\"elementor-post-navigation__separator\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"elementor-post-navigation__next elementor-post-navigation__link\">\n\t\t\t\t<a href=\"https:\/\/brouxelrabia.lu\/payment-services-new-rules-in-sight\/\" rel=\"next\"><span class=\"elementor-post-navigation__link__next\"><span class=\"post-navigation__next--label\">Next Post<\/span><span class=\"post-navigation__next--title\">Payment services: new rules in sight<\/span><\/span><span class=\"post-navigation__arrow-wrapper 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and&#8230;<\/p>\n","protected":false},"author":6,"featured_media":15821,"comment_status":"closed","ping_status":"open","sticky":false,"template":"elementor_header_footer","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2,104],"tags":[30,76,73,110,120],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/brouxelrabia.lu\/wp-content\/uploads\/2022\/10\/Corporate_BrouxelRabia_Luxembourg_Law_Firm-1-scaled.jpg?fit=2560%2C1707&ssl=1","_links":{"self":[{"href":"https:\/\/brouxelrabia.lu\/wp-json\/wp\/v2\/posts\/15710"}],"collection":[{"href":"https:\/\/brouxelrabia.lu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/brouxelrabia.lu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/brouxelrabia.lu\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/brouxelrabia.lu\/wp-json\/wp\/v2\/comments?post=15710"}],"version-history":[{"count":112,"href":"https:\/\/brouxelrabia.lu\/wp-json\/wp\/v2\/posts\/15710\/revisions"}],"predecessor-version":[{"id":16832,"href":"https:\/\/brouxelrabia.lu\/wp-json\/wp\/v2\/posts\/15710\/revisions\/16832"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/brouxelrabia.lu\/wp-json\/wp\/v2\/media\/15821"}],"wp:attachment":[{"href":"https:\/\/brouxelrabia.lu\/wp-json\/wp\/v2\/media?parent=15710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/brouxelrabia.lu\/wp-json\/wp\/v2\/categories?post=15710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/brouxelrabia.lu\/wp-json\/wp\/v2\/tags?post=15710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}