Category: General Members News

In 2020, BIL Group demonstrated its resilience and support to the economy in a context marked by the health crisis.   Net income after tax : EUR 101 million, -10% (EUR 112 million in 2019) Assets under management : EUR 43.7 billion (EUR 43.5 billion in 2019) Total balance sheet : EUR 6 billion, +8.9% (EUR 28.1 billion in 2019) Customer deposits: … Continued

LUXEMBOURG— On 2 April 2021, the Accidental Americans Association (AAA) filed an appeal with the Luxembourg Administrative Tribunal against a decision of the Luxembourg tax authorities (ACD) to refuse to halt transfers of personal data under FATCA. The AAA considers such transfers to be illegal and asks the Administrative Tribunal to submit several preliminary questions … Continued

NautaDutilh Avocats Luxembourg is pleased to announce the appointment of a new partner and two counsel as of 1 April 2021. These appointments further strengthen our IP & Tech Law and our Banking & Finance practices. Our new partner is: Sara Gerling – Banking & Finance: Sara advises primarily institutional clients on all types of international … Continued

PRESS RELEASE The founders and management team of Avega are pleased to announce they have successfully concluded an MBO.  The transaction results in Avega remaining 100% owned by its management, allowing it to continue building on the firm’s proven fundamentals – enabling private equity houses to establish their European investments, providing services throughout the whole … Continued

For 5 years now, Simon has been assisting investment professionals with structuring and establishing investment vehicles, either in regulated or unregulated form, investing in various types of assets. His previous 3-years-in-house position at a global asset manager in Luxembourg allows him to see legal aspects surrounding investment vehicles from various angles, and makes his advice … Continued

Luxembourg, 19 January 2021   In “The way we live now”, Banque Internationale à Luxembourg (BIL) investment experts discuss the new reality ushered in by the Covid-19 pandemic, the digital trends that will stick and the renewed focus on sustainability. They urge investors to stay perseverant and disciplined, noting that a long-term mindset is essential … Continued

Luxembourg, 10 December 2020. EY Luxembourg is proud to be awarded the Actions Positives label by the Ministry for Equality between women and men. This government initiative aims at supporting an inclusive economy and an egalitarian society. It also certifies good practices in terms of equal opportunities between women and men at work, rewarding winning … Continued

Luxembourg, 19 November 2020. Despite extreme levels of market volatility, increased trading volumes and disruption to society due to COVID-19, alternative fund managers persevered, and even exceeded, performance expectations from investors. Despite this, managers continue to fall short in important areas including environmental, social and governance (ESG) products and diversity and inclusion, according to the … Continued

Luxembourg, 16 November 2020. The COVID-19 pandemic has accelerated the transition to online shopping and its long-term adoption in certain product categories and markets, according to the fifth edition of the EY Future Consumer Index. More than a third (37%) of the 14,467 consumers surveyed say the pandemic will keep impacting their lives for at … Continued