Publication
New rights for employees
A number of new employment laws came into force in April 2024 to provide greater flexibility for employees, including enhanced flexible working rights and new leave entitlements.
Luxembourg | Publication | February 2024
On February 26, 2024, the EU Council adopted new regulations under the Capital Markets Union (CMU) framework, marking a significant milestone in the European Union's efforts to enhance the regulatory landscape for alternative investment fund managers (AIFMs) and "plain-vanilla" European Union (EU) investment funds, in the form of the Undertakings for Collective Investments in Transferable Securities regulatory framwework (UCITS). These regulations, designed to bolster investor protection, ensure financial stability and stimulate investment within the EU, introduce key provisions aimed at strengthening the supervision of AIFMs and facilitating the creation of simplified investment funds. The key provisions of these regulations are:
The directive will now be published in the European official Journal and will enter into force 20 days later. Member states will have 24 months after the entry into force to enact the rules into national legislation.
Publication
A number of new employment laws came into force in April 2024 to provide greater flexibility for employees, including enhanced flexible working rights and new leave entitlements.
Publication
On 24 April 2024, the European Parliament voted to adopt the long-awaited EU Corporate Sustainability Due Diligence Directive (CSDDD or the Directive).
Publication
We are delighted to announce that Al Hounsell, Director of Strategic Innovation & Legal Design based in our Toronto office, has been named 'Innovative Leader of the Year' at the International Legal Technology Association (ILTA) Awards.
Subscribe and stay up to date with the latest legal news, information and events . . .
© Norton Rose Fulbright LLP 2023