1 March 2011

Banking & Finance Update - March 2011

Adoption de la Directive AIFM régissant l'activité des gestionnaires de fonds alternatifs : un encadrement plus strict - A Modernisation of the Luxembourg Accounting Law - Criminal Seizures over Pledged Assets Have No Detrimental Effects on the Further Realisation of Lluxembourg Financial Collaterals  - The Concept of “Normal Commercial Conditions” in the Context of a Realisation by Private Sale is Judicially Defined as the Best Offer Available to the Pledgee in the Actual Conditions Existing at the Time of Realisation - Agreement Reached with Trade Unions Represents an Important Milestone for the Financial Centre