LINARI LAW
RBE compliance checks in Luxembourg
The Luxembourg Public Prosecutors have announced the launch of systematic compliance checks relating to the Register of Beneficial Owners (RBE). The initiative reflects the increasing regulatory focus on beneficial ownership transparency and AML/CFT compliance in Luxembourg. Entities must ensure that their RBE filings are accurate, complete and aligned with their…
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Luxembourg introduces collective redress for consumers
Luxembourg has enacted a new law implementing EU Directive 2020/1828, allowing consumers to bring collective, or “class,” actions against unfair commercial practices. The procedure involves three stages: admissibility, remediation, and enforcement, ensuring claims are legitimate, liabilities are assessed, and compensation is distributed efficiently. The law simplifies access to justice for…
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