In our everyday life, most of us rely on our banks to make payments, transfer money between accounts and take care of our financial interests. The world of traditional finance involves centralised intermediaries like banks, fintech companies and stock exchanges, and it is monitored by governing bodies, such as regulators. By contrast, the world of decentralised finance (DeFi) is based on crypto currencies rather than traditional currencies, like the dollar or the euro. DeFi is governed by online communities instead of corporate executives, and the platforms these DeFi projects run on – such as Ethereum, are difficult to regulate. 

17 janvier 2022

The European Commission has completed its cartel investigation into the Foreign Exchange (‘Forex') spot trading market by imposing fines on five banks. The Commission has adopted on December 2nd a decision imposing a total fine of €261 million on the four banks that decided to settle the case, namely UBS, Barclays, RBS and HSBC. The Commission has also fined Credit Suisse €83 million under the ordinary procedure.

02 décembre 2021

Stéphanie Lhomme rejoint Arendt Regulatory & Consulting en tant que Director pour compléter l’offre de la branche conseil d’Arendt en renforçant les expertises «Investigations Forensic, Anti-bribery & Corruption, Corporate Intelligence» pour ses clients.

02 décembre 2021

Last July, data provider and marketing agency Editus published its first API on the LUXHUB Marketplace. Through its "NEO Data Provider" API, the company provides users with detailed and diverse information about companies located in Luxembourg. On November 17th, the company went one step further and announced an important update, with the addition of UBO – Ultimate Beneficial Owner – data.

22 novembre 2021

In adapting its administrative practice, the CSSF has provided clarification on the holding of ancillary liquid assets by UCITS under the law of 17 December 2010 on undertakings for collective investment, explains the law firm Arendt & Medernach.

12 novembre 2021

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, issued on October 28 a Public Statement on investment recommendations made on social media. ESMA makes clear what investment recommendations are, how to post them on social media platforms and what the consequences of possible breaches of the EU Market Abuse Regulation can be.

29 octobre 2021

PwC Luxembourg announced the direct admission of new tax partner, Pawel Wroblewski, who will join the Transfer Pricing team.

27 septembre 2021

By means of a press release dated 22 September 2021, the CSSF announces a new requirement for a performance fee declaration to be made as from 30 September 2021 on eDesk by IFMs for the Luxembourg regulated UCITS and AIFs they manage.

27 septembre 2021

Arendt a le plaisir d’annoncer l’arrivée du spécialiste de l’arbitrage Paschalis Paschalidis en tant que Counsel au sein de son département Litigation & Dispute Resolution. Ceci afin de consolider l’expertise d’Arendt & Medernach en matière de résolution de litiges internationaux et de développer la pratique de l’arbitrage international au Luxembourg.

17 septembre 2021

Mélanie TRIENBACH was promoted to Counsel and Ella SCHONCKERT, as well as Charles OIKNINE, were promoted to Senior Associate at KLEYR│GRASSO.

17 septembre 2021