Best Banking & Finance Lawyers in Luxembourg

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Arnone & Sicomo

Arnone & Sicomo

30 minutes Free Consultation
Luxembourg, Luxembourg

Founded in 2017
28 people in their team
Luxembourgish
French
German
Italian
Arnone & Sicomo is an International Law Firm founded by attorneys Gioia Arnone and Donatella Sicomo, with offices in major Italian cities including Palermo, Milan, Rome, Salerno, Catania, Cuneo, Venice, and Trento, as well as international locations such as London, Barcelona, Luxembourg,...
PL&A, Pochon Lawyers & Associates
Luxembourg, Luxembourg

Founded in 2016
50 people in their team
Luxembourgish
German
French
English
PL&A, Pochon Lawyers & Associates is a law firm active in Corporate business law, incorporation, domiciliation and administration of companies, as well as Family Officer services.Our understanding of our clients' business practices together with our know-how and practical skills enable...
Elvinger Hoss Prussen
Luxembourg, Luxembourg

Founded in 1964
500 people in their team
Luxembourgish
German
French
English
We have a unique position in the financial centre of LuxembourgTrue to our values since the founding of the firm, our priority has always been legal excellence paired with independence, openness and innovation. These shared values unite our talented team around one purpose: to help our clients meet...
Kostandyan & Partners
Luxembourg, Luxembourg

Founded in 2018
4 people in their team
English
Armenian
Russian
โ€œKostandyan & Partnersโ€ Law Firm practices law on the territory of Republic of Armenia, Cyprus and Luxembourg in providing legal services in Banking, Corporate and Civil litigation fields, as well as in the fields of Intellectual Property Law. Company provides comprehensive legal...
LEGAL OZ Law Firm
Luxembourg, Luxembourg

Founded in 2020
10 people in their team
Luxembourgish
German
French
English
LAW FIRM IN THE HEART OF LUXEMBOURGLocated in the heart  of the judicial city in Luxembourg, LEGAL OZ is a law firm founded by Maรฎtre Ersan ร–ZDEK, lawyer at the Court registered with the Luxembourg bar since 2009.Previously, Mr. ร–ZDEK headed the litigation department of a renowned...
Law firm Karp & Choucroun
Luxembourg, Luxembourg

Founded in 1995
50 people in their team
Luxembourgish
German
French
English
THE KARP & CHOUCROUN LAW FIRMThe Karp & Choucroun law firm is located rue on Philippe II, in the heart of the capital of the Grand Duchy. Their activity is organized around 3 main areas:Business litigationFamily disputesDomiciliationThe firm's lawyers advise and intervene in the countryโ€™s...
Dechert
Luxembourg, Luxembourg

Founded in 2000
50 people in their team
Luxembourgish
German
French
English
Dechert has built a global platform across 20 locations with a singular focus - delivering the highest-quality advice that is actionable, commercial and delivered efficiently.Our clients operate in increasingly challenging times. Geopolitical uncertainty, the sheer complexity of modern markets and...
NC Advocat
Luxembourg, Luxembourg

Founded in 2015
10 people in their team
Luxembourgish
German
French
English
Advise you anddefend your rightsWith recognized expertise in advice and litigation, NC Advocat is a multidisciplinary firm committed to providing quality legal service in the interest of our partners.We are committed to supporting our clients, whether for legal consultation in order to understand...
Rutsaert Legal
Luxembourg, Luxembourg

Founded in 2010
50 people in their team
Luxembourgish
German
French
English
WHO WE ARERutsaert Legal was established in 2010. Our team focuses on investment vehicles in Luxembourg, with a special focus on Alternative Investment Funds. Most of our clients are Asset Managers or High Net Worth Individuals. Our lawyers have an extensive track record in Investment Funds...
Kaufhold & Reveillaud
Luxembourg, Luxembourg

Founded in 2000
50 people in their team
Luxembourgish
German
French
English
We are an independent and responsible firm made up of local and international lawyers with varied backgrounds and driven by the common desire to succeed for their clients.A multinational and multilingual team, Kaufhold & Reveillaud, Avocats is committed to providing the personalized approach...
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About Banking & Finance Law in Luxembourg, Luxembourg

Luxembourg is widely regarded as one of the leading financial centers in Europe and offers a favorable environment for banking and finance activities. The country boasts a stable economy, robust regulatory framework, and a highly skilled workforce, making it an attractive destination for businesses and investors in the financial sector.

Why You May Need a Lawyer

There are various situations where seeking legal advice from a lawyer specializing in banking and finance law can be beneficial. Some common scenarios include:

  • Negotiating loan agreements or financial contracts
  • Resolving disputes related to banking and finance transactions
  • Assistance with regulatory compliance and licensing requirements
  • Advising on investment and asset management strategies
  • Handling insolvency and restructuring matters

Local Laws Overview

When it comes to banking and finance law, Luxembourg has a comprehensive legal framework that governs these activities. Key aspects of local laws in Luxembourg include:

  • The Banking Law, which regulates the establishment and operation of banks, including the issuance of banking licenses
  • The Financial Sector Supervisory Authority (CSSF) Act, which outlines the responsibilities and powers of the CSSF, the primary regulatory authority
  • The Securities Law, which oversees the offering and trading of securities, as well as the functioning of financial markets
  • The Money Laundering and Terrorism Financing Prevention Act, which aims to combat illegal financial activities and ensures compliance with international standards

Frequently Asked Questions

1. What are the advantages of establishing a bank in Luxembourg?

Establishing a bank in Luxembourg offers several advantages such as access to the European market, a stable legal framework, reliable infrastructure, competitive tax regime, and a skilled multilingual workforce.

2. What licenses do financial institutions need in Luxembourg?

Financial institutions in Luxembourg generally require a banking license issued by the CSSF. Investment firms, payment institutions, and electronic money institutions may require different licenses based on their specific activities.

3. Are there any restrictions on foreign investment in Luxembourg's banking sector?

Luxembourg welcomes foreign investment in its banking sector. However, certain regulatory requirements and due diligence procedures need to be followed, particularly for shareholders with qualifying holdings.

4. What is the role of the CSSF in the banking and finance sector?

The CSSF is the primary regulatory authority responsible for the supervision and monitoring of banks, investment firms, and other financial institutions. It ensures compliance with laws, regulations, and prudential requirements to maintain the stability and integrity of the financial sector.

5. What is the Consumer Ombudsman for the Financial Sector?

The Consumer Ombudsman for the Financial Sector is an independent body that handles complaints from individuals against financial institutions in Luxembourg. It provides an avenue for consumers to seek resolution and receive fair treatment.

Additional Resources

If you need further resources or information related to banking and finance law in Luxembourg, these organizations and bodies can be helpful:

  • Luxembourg Bankers' Association (ABBL) - www.abbl.lu
  • Commission de Surveillance du Secteur Financier (CSSF) - www.cssf.lu
  • Luxembourg for Finance - www.luxembourgforfinance.com

Next Steps

If you find yourself in need of legal assistance in the field of banking and finance in Luxembourg, it is recommended to:

  1. Research and shortlist reputable law firms with expertise in banking and finance law.
  2. Contact the chosen law firm and schedule a consultation to discuss your specific needs and concerns.
  3. During the consultation, provide the lawyer with all relevant documents and information for a thorough evaluation of your situation.
  4. Based on the consultation, the lawyer will advise you on the recommended course of action and discuss the associated fees and timelines.
  5. If you decide to proceed, enter into a formal agreement with the lawyer and follow their guidance to navigate the legal process effectively.
Lawzana helps you find the best lawyers and law firms in Luxembourg through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Banking & Finance, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Luxembourg, Luxembourg - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.