Best Debt Capital Markets Lawyers in Luxembourg

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Arnone & Sicomo - International Law Firm

Arnone & Sicomo - International Law Firm

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,...

Founded in 1993
50 people in their team
Luxembourgish
German
French
English
The firmEstablished in 1993, the DUPONG, KRIEPS, DU BOIS & DIAS VIDEIRA law office is specialized in litigation, providing a comprehensive counselling, defence and judicial representation service.Our taskAll lawyers at Dupong, Krieps, Du Bois & Dias Videira work as a team. The diversity of...
Studio Legale Garbarino Vergani
Hesperange, Luxembourg

Founded in 1994
English
Studio Legale Garbarino Vergani, established in 1994, is a distinguished law firm specializing in shipping, insurance, and international trade law. Founded by Patrizia Garbarino and Enrico Vergani, both formerly of the esteemed Ferrarini Law Firm, the practice has experienced consistent growth,...
Deynecourt
Luxembourg, Luxembourg

Founded in 2000
50 people in their team
Luxembourgish
German
French
English
WHO WE AREDeynecourt is a firm of choice for institutional and private clients seeking sophisticated, high-value legal and corporate services in Luxembourg. Our recognised practices include corporate and M&A, investment funds, commercial, corporate and tax.Driven by entrepreneurial spirit, we...
Luxembourg, Luxembourg

Founded in 2022
English
VENKATAPEN Boutique Lawyers, based in Luxembourg, offers personalized legal services grounded in over two decades of experience from prestigious law firms. The firm specializes in corporate and banking litigation, dispute resolution, contract law, and employment law, providing tailored advice to...

English
Weidema van Tol Luxembourg S.ร  r.l. specializes in providing corporate legal and tax services to multinational corporations, particularly those based in North America, the UK, Switzerland, and Scandinavia. The firm's expertise encompasses cross-border reorganizations, mergers, divestitures, and...
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...
Chateaux Lawyers
Luxembourg, Luxembourg

Founded in 2000
50 people in their team
Luxembourgish
German
French
English
Chateaux Lawyers StudyCHATEAUX Avocats brings together talents in the fields of business law and litigation.The objective is to provide our clients with ad-hoc solutions and advice, implemented via a complete range of turnkey services.These are offered on the basis of pre-agreed package service...
Frank| Cohrs | Bock
Luxembourg, Luxembourg

Founded in 2020
50 people in their team
Luxembourgish
German
French
English
Close collaboration between the four partners, each of whom are specialists in their respective fields, proves highly beneficial in the context of litigation. Drawing on this range of expertise, our services are designed with a focus on adding value for you.People turn to us for advice because of...
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...
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About Debt Capital Markets Law in Luxembourg

Debt Capital Markets (DCM) in Luxembourg play a significant role in the international financial landscape. The country attracts issuers, investors, and intermediaries from across the globe due to its stable economy, investor-friendly regulatory framework, and reputation as a leading financial hub. Debt Capital Markets involve the issuance, trading, and management of debt securities such as bonds, notes, and other fixed-income instruments. Luxembourg provides a favorable environment for both corporate and sovereign issuers seeking to access European and global investors, with a broad range of structured finance, securitization products, and listings on the Luxembourg Stock Exchange.

Why You May Need a Lawyer

Engaging a lawyer experienced in Debt Capital Markets in Luxembourg can be critical for navigating the complexities of financial transactions and regulatory compliance. Common situations where legal assistance may be needed include:

  • Structuring and issuing bonds or other debt securities
  • Understanding and complying with regulatory requirements set by the Luxembourg financial regulator and the stock exchange
  • Drafting or reviewing documentation such as prospectuses, information memoranda, and offering circulars
  • Advising on cross-border transactions involving various tax and legal considerations
  • Structuring securitization vehicles and other structured finance products
  • Ensuring proper disclosure and investor protection standards
  • Facilitating listings and admissions to trading on the regulated and unregulated markets
  • Dealing with post-issuance matters including restructurings or defaults
  • Ensuring compliance with anti-money laundering and transparency obligations

Given the complex interplay of Luxembourg, European Union, and international regulations, professional legal guidance is invaluable for managing risk and achieving successful outcomes in Debt Capital Markets.

Local Laws Overview

Luxembourg's legal framework for Debt Capital Markets is shaped by a combination of local laws and European Union regulations. Key aspects include:

  • Financial Sector Laws: The Law of 10 July 2005 on prospectuses and the Law of 5 April 1993 on the financial sector play central roles in regulating issuances and intermediaries.
  • Listing Requirements: The Luxembourg Stock Exchange (LuxSE) offers both a regulated market and the Euro MTF market, each with different listing and disclosure obligations.
  • Securitization Law: The Law of 22 March 2004 on securitization enables the structuring of various securitization vehicles in a flexible manner for public or private debt issuance.
  • EU Regulations: Regulations such as the EU Prospectus Regulation and the Market Abuse Regulation are directly applicable and set standards for disclosure, transparency, and market integrity.
  • Taxation: Luxembourg applies favorable tax frameworks for certain debt instruments, but proper structuring and compliance are essential to achieve optimal tax efficiency.
  • Supervisory Authorities: The Commission de Surveillance du Secteur Financier (CSSF) oversees financial activities and ensures ongoing regulatory compliance.

Overall, the robust and transparent legal environment makes Luxembourg an attractive jurisdiction for Debt Capital Markets activities, but navigating these requirements often necessitates precise legal counsel, especially for cross-border or complex deals.

Frequently Asked Questions

What are Debt Capital Markets?

Debt Capital Markets refer to the financial marketplace where entities raise capital by issuing debt securities such as bonds or notes to investors. In Luxembourg, this involves local and international issuers taking advantage of the country's legal and regulatory infrastructure.

Why choose Luxembourg for debt security issuance?

Luxembourg offers a favorable legal framework, skilled professionals, efficient regulatory authorities, a range of listing options, and solid investor protections, making it a preferred location for both local and cross-border DCM transactions.

Do I need to issue a prospectus for my debt securities?

Most public offers of debt securities in Luxembourg require the preparation and approval of a prospectus by the CSSF. Certain exemptions exist for private placements or specific types of securities, but legal advice is recommended to assess your obligations.

What are the main markets for listing bonds in Luxembourg?

Luxembourg offers two primary listing venues: the regulated market of the Luxembourg Stock Exchange and the Euro MTF market. Each has different entry requirements and disclosure obligations.

What is the role of the CSSF?

The Commission de Surveillance du Secteur Financier (CSSF) is the financial regulatory authority in Luxembourg. It supervises issuers, approves prospectuses, and ensures ongoing compliance with relevant regulations.

Are international issuers allowed to list in Luxembourg?

Yes, Luxembourg is a global hub for DCM, and a significant proportion of issuers on its markets are international corporations, sovereigns, or supranational organizations.

What laws regulate securitization in Luxembourg?

Securitization in Luxembourg is primarily governed by the Law of 22 March 2004 on securitization, which provides a flexible legal framework for structuring various types of securitization vehicles and issuing asset-backed securities.

Is there a withholding tax on interest payments for bonds issued in Luxembourg?

Luxembourg generally does not impose withholding tax on interest payments made to non-resident bondholders, but the application of tax laws may vary and should be verified for each specific case.

How can debt securities be cleared and settled?

Luxembourg is home to Clearstream, one of the leading international central securities depositories. Most debt securities issued in Luxembourg are eligible for clearing and settlement through Clearstream and other international platforms.

When should I seek legal advice?

You should consult a lawyer as early as possible in the process of planning a debt issuance. Early legal guidance will ensure proper structuring, regulatory compliance, and preparation of all necessary documentation, reducing the risk of costly delays or errors.

Additional Resources

Several local and international resources can provide further information and support regarding Debt Capital Markets in Luxembourg:

  • The Commission de Surveillance du Secteur Financier (CSSF) - oversees market regulation and prospectus approval
  • Luxembourg Stock Exchange (LuxSE) - provides information on listing requirements and ongoing obligations
  • Luxembourg Bankers' Association (ABBL) - offers industry updates and policy insights
  • Clearstream - central securities depository services for clearing and settlement
  • The Ministry of Finance of Luxembourg - publishes official guidance and legal texts
  • Professional law firms with DCM practice groups and debt capital market legal associations

Next Steps

If you are considering issuing, structuring, or investing in debt securities in Luxembourg, the following steps can help you proceed efficiently:

  • Assess your objectives and determine the type of transaction or involvement in the Debt Capital Markets
  • Identify and engage a qualified legal advisor with experience in Luxembourg DCM transactions
  • Review applicable regulations, documentation requirements, and potential listing venues
  • Prepare all necessary legal documents and liaise with regulators or the relevant authorities as needed
  • Ensure ongoing compliance through periodic reviews and, if necessary, seek ongoing legal support for post-issuance matters

Taking these steps with knowledgeable legal counsel can help you navigate the complexities of the Luxembourg Debt Capital Markets, manage risks, and achieve your financial goals efficiently and compliantly.

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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.