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On 25 August 2020, the CSSF published the Circular 20/750 that implements the European Banking Authority (“EBA”) guidelines on management of information and communication technology (ICT) and security risks. In this new circular, CSSF has embedded the EBA guidelines into its regulatory requirements.

With deals coming back to market, four private equity specialists shed light on current deal flow, where opportunities for private equity firms will lie in the future and how they can adapt to realise them.

At a time when access to finance is proving critical to many, mid-market businesses are looking beyond traditional sources and turning to private equity to fund their growth. Our specialists explore how private equity firms are now working with their portfolios and how the mid-market can benefit from investment.

The Ministry of the Economy and Luxinnovation have launched “Fit 4 Resilience”, a strategic innovation program intended to help Luxembourg companies exit from the crisis. As an approved consultant for this program, Grant Thornton can help companies reinvent themselves after the COVID-19 crisis.

The introduction of the new European Union (EU) Mandatory Disclosure rules (DAC 6) aims to implement procedural compliance requirements for intermediaries and taxpayers to disclose 'potentially aggressive tax planning arrangements' by intermediaries or taxpayers to the relevant tax authority. Subsequently, all tax authorities in the EU will then exchange received reportable disclosures amongst one another on a quarterly basis.

At Grant Thornton, we understand that transfer pricing plays a crucial role as your business concentrates on growth post-COVID. Our experienced transfer pricing experts can help navigate your business through the economic impact of COVID. Contact Jean-Nicolas Bourtembourg, Partner, Grant Thornton Luxembourg.

Lockdown has disrupted transfer pricing (TP) within multinational enterprises (MNEs). Even as restrictions are gradually eased, there continues to be considerable uncertainty over the risks, circumstances and comparables used to determine arm’s length transfer prices. Contact Jean-Nicolas Bourtembourg, Partner, Grant Thornton Luxembourg.

Law of 22 May 2020 extended the deadlines for having the financial statements approved by the shareholders and for the filing of those annual accounts, consolidated accounts as well as the related reports.

Luxembourg companies are facing complex operational and compliance challenges, and individuals as citizens are seeing a lot of questions and concerns raised both in the press and by regulators, about how measures taken by governments to control this pandemic can challenge their rights and freedoms to privacy.

The coronavirus outbreak could have significant impacts on company treasury. Ensuring the finances of your company is carefully managed is therefore crucial.

The coronavirus outbreak is first and foremost a human tragedy. At the same time it has the potential to have significant impacts on business operations. Ensuring your business operates as close to ‘business as usual’ is therefore crucial.

Our report identifies key financial reporting areas that entities need to consider when determining the impact on their business, and on the results, financial position and disclosures in their financial statements.

New Luxembourg set of rules aiming to facilitate the digital holding of meetings of shareholders and management bodies of Luxembourg companies and partnerships.

Responding to COVID-19: How to minimise the Coronavirus impact on your business? View our Business Checklist

Responding to COVID-19: 7 Steps to manage cash flow and financial headwinds

What can businesses do to make a change? Read our 2020 Women in Business report