Luxembourg: Compliance

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Article
G 1/25: When Must The Description Be Adapted To Amended Claims?
The European Patent Office's Enlarged Board of Appeal has issued a landmark decision in G 1/25 "Hydroponics," addressing a fundamental question that has divided practitioners for years: when patent claims are amended during examination, must the description be adapted to match? The ruling establishes that inconsistencies between claims and descriptions only require correction when they result in non-compliance with the European Patent Convention, not merely for achieving formal consistency.
Luxembourg IP
DG
Dennemeyer S.A.
Article
Luxembourg Business Registers Launches Enforcement Phase Of RCS And RBE Compliance Procedure
Luxembourg's Business Registers will begin enforcing compliance sanctions from September 2026, introducing a graduated penalty system for entities with incomplete or inaccurate RCS and RBE filings. The framework progresses from public warnings to daily fines of EUR 40 and potential deletion from the registers, with entities able to regularise their position at any stage to avoid escalating consequences.
Luxembourg Commercial
TA
Tiberghien
Article
ESMA’s Supervisory Expectations For Investment Firms And Credit Institutions In The Context Of Triangular Passporting
The European Securities and Markets Authority has issued new supervisory guidance on triangular passporting under MiFID II, addressing how authorized entities can use branches or tied agents in one host Member State to provide investment services in another. This briefing establishes principles to prevent regulatory arbitrage while clarifying supervisory responsibilities among national competent authorities across multiple jurisdictions.
Luxembourg Finance
CL
CMS Luxembourg
Article
AI-Generated Content In The European Union: What The Adherence To Code Of Practice Means For Article 50 Compliance—Special Focus On Luxembourg's Financial Sector
The European AI Office has finalized its Code of Practice on Transparency of AI-Generated Content, fundamentally altering how providers and deployers across the EU—including Luxembourg's financial sector—must mark, disclose, and detect AI-generated content ahead of the August 2026 deadline. The Code introduces significant structural changes from its December 2025 draft, including expanded marking flexibility, optional measures for certain requirements, a finalized EU icon, and a concrete interop
Luxembourg Strategy
KG
K&L Gates LLP
Article
Involvement Of External Support In The Portfolio Management Of Luxembourg IFMs
Luxembourg's fund industry has long relied on external portfolio managers and investment advisors, but recent regulatory scrutiny raises fundamental questions about how investment decision-making is organized and where authority truly resides. The distinction between delegation and advisory models is not merely formal—it reflects a deeper tension between commercial reality and regulatory expectations, with direct consequences for sponsors seeking to maintain control while meeting substance requirement
Luxembourg Finance
LL
Loyens & Loeff
Article
New Limit To Large Cash Payments And Prohibition Of Anonymous Instruments
The Anti-Money Laundering Regulation introduces sweeping changes to EU financial compliance, establishing a EUR 10,000 cap on cash transactions, prohibiting anonymous financial instruments, and mandating the conversion of bearer shares. These measures fundamentally reshape how businesses handle large payments and corporate ownership structures, with strict deadlines and automatic penalties for non-compliance.
Luxembourg Government
CL
CMS Luxembourg
Article
Saving The Planet, One Clause At A Time
Environmental clauses are transforming commercial leases into tools for environmental management, driven by ESG requirements and sustainable finance constraints. As green leases become increasingly standard in Luxembourg's real estate market, landlords and tenants must navigate new obligations around energy performance, reporting requirements, and cost-sharing arrangements. The legal drafting of these clauses requires precision to balance environmental goals with practical implementation and preserve asset
Luxembourg Real Estate
LL
Loyens & Loeff
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