Linklaters Learning Hub Programme 2018

Transcription

1 Linklaters Learning Hub Programme 2018

2 2018 Welcome to our Linklaters Learning Hub Programme Introduction Linklaters is fully committed to support the development of young professionals and encourages the exchange of ideas and expertise. With the launch of the Linklaters Learning Hub in February 2018, we are inviting selected clients to join us and learn alongside our associates in a relaxed and informal environment. We believe that bringing together young professionals with our associates promotes greater collaboration between our firms and a better understanding of our mutual businesses. With deeper knowledge comes stronger relationships and enhanced professional outcomes. Back to school? Not at all. The Linklaters Learning Hub is an exclusive programme developed for young professionals on the fundamentals of key legal fields covering Luxembourg s corporate, investment and financial sectors. Complete the full programme, or simply choose those sessions that best meet your needs. Seize this opportunity to boost your professional development by registering yourself, or a member of your team, in order to receive the invitations per session. We would be delighted to welcome you. Linklaters LLP Luxembourg 2

3 Contents 3

4 February 2018 What type of company? Introduction to the main features of the most common Luxembourg commercial companies 14 February 2018 Speaker Luxembourg offers an attractive legislative environment for different types of investment structures. The financial participation company, or SOPARFI, is the most commonly used vehicle in Luxembourg. It is not subject to any specific tax or regulatory regime, is open to any type of investor and allows investments in any type of asset class. Depending on the investors needs, SOPARFIs may adopt any of the following legal forms governed by the Luxembourg commercial companies law dated 10 August 1915, as amended, such as the public limited liability company (SA), the private limited liability company (SARL), the partnership limited by shares (SCA), the common limited partnership (SCS) or the special limited partnership (SCSp). This workshop will provide an overview of the main differences between these companies legal forms. 4

5 February 2018 Back to basics The salient features of Luxembourg investment vehicles 28 February 2018 Speakers This workshop is intended to give a general overview of the different Luxembourg investment vehicles. It aims at enabling the audience to make informed choices when structuring new investment products. Following a general overview of the various Luxembourg investment vehicles, this workshop will focus on Undertakings for Collective Investments and Transferable Securities (UCITS), Reserved Alternative Investment Funds (RAIFs) and investment funds established as non-regulated Luxembourg limited partnerships, as the most commonly used investment vehicles. 5

6 March 2018 Introduction to private equity and alternative investment funds 14 March 2018 Speakers While Luxembourg has remained for 20 years the most popular domicile for Undertakings For Collective Investments In Transferable Securities (UCITS), over the past years Luxembourg has also become increasingly popular as the domicile for alternative investment funds. In the wake of the implementation of the alternative investment fund managers directive, Luxembourg has further developed its tool-box so as to modernise the so-called Luxembourg partnership and position itself as a jurisdiction offering investment structures familiar to alltypes of investors in alternative classes of assets. Luxembourg has also developed the Reserved Alternative Investment Fund (RAIF) which complements the available forms an alternative investment fund may adopt in Luxembourg. With a number of other factors, Luxembourg has therefore attracted a number of private equity houses who have set up alternative investment funds for their private equity transactions. The purpose of this workshop is, through typical private equity structures, describe some of the most important features of a Luxembourg alternative investment fund and give a broad overview of how such vehicles are structured and operated. 6

7 March 2018 Data protection/gdpr 28 March 2018 Speaker On 25 May 2018, the EU General Data Protection Regulation (GDPR) will enter into force. The GDPR aims primarily at strengthening data protection in respect of all individuals as well as simplifying and reshaping the regulatory environment for international business by unifying data privacy laws within the EU. The GDPR also addresses the export of personal data outside the EU. The coming into force of the GDPR will lead to a strict data protection compliance regime subject to severe penalties. This workshop intends to provide a clear understanding of the main principles of the new data protection regulation and its impact on the (daily) business of a legal person. 7

8 April 2018 Tax essentials, an introduction to direct taxes 11 April 2018 Speakers Given its situation at the heart of Europe, its stable political environment and the ease of access to its regulators, Luxembourg has generally been an attractive jurisdiction for holding and investment vehicles, not least because of its investor-friendly tax regime. Whereas you may have heard about the participation exemption (parent-subsidiary directive) or the tax deductibility of interest expenses, we want you to be sufficiently familiar with Luxembourg income tax regime of so-called SOPARFIs to ensure you are well-equipped for the upcoming session about tax structures for the future. This workshop aims at providing a basic understanding of Luxembourg corporate income tax, withholding tax and net wealth tax to the extent relevant for commonly used Luxembourg holding structures. 8

9 April 2018 Tax structures for the future 25 April 2018 Speakers In an ever-evolving tax environment, Luxembourg tax structuring is becoming increasingly challenging. Understanding the impact of new tax regulations on transactions is therefore essential and can create new opportunities. Following the first introductive tax workshop, we would like to guide you a step further and provide you with some basic Luxembourg tax structuring tools, with a focus on private equity and real estate investment structures. The purpose of this workshop is to understand the basics of tax structuring and ensure that new investment structures are tax efficient. 9

10 May 2018 Introduction to capital markets 9 May 2018 Speakers Usual ways for companies to borrow money are either by obtaining a loan from a third party, or by issuing debt securities (among other bonds) to investor(s) in the capital markets. This workshop focuses on the second of these possible sources of borrowing, the debt capital markets. This session will provide an introduction on (i) the key players and their roles and (ii) the two markets operated by the Luxembourg Stock Exchange, the EU-regulated Bourse de Luxembourg market and the exchange-regulated Euro MTF market. Each market has characteristic features and is governed by a distinct legal framework, involving various requirements with which issuers must comply. In addition, this workshop aims at providing an overview of the different steps of a debt securities issuance, illustrated with a description of a listing process in Luxembourg. 10

11 May 2018 Who decides what and how? Corporate bodies and their functioning 23 May 2018 Speaker Are you wondering how to ensure that the managers, the management board, the board of directors, the supervisory board or the shareholders meeting make valid decisions? This workshop will provide an overview of the various corporate bodies of Luxembourg commercial companies, laying out their role and functioning, and providing guidance on the decision making and recording processes. This workshop will further help you understand the duties, responsibility, powers and liability of managers and directors of a Luxembourg commercial companies. 11

12 June 2018 Introduction to employment law 6 June 2018 Speakers This workshop aims at providing a general overview on the respective obligations arising in the context of an employment relationship. This session will consider points of attention covering obligations from the signature of the employment contract up to its termination be it voluntary, forced, negotiated or by law as well as the rights and obligations provided for by law and their potential consequences in case of breach. After this workshop, you should have a general knowledge of what employment law means and which operations in the day-to-day business may require particular attention in the framework of a relationship between an employee and its employer. 12

13 June 2018 Financial collateral arrangements 20 June 2018 Speakers Luxembourg as a leading financial centre, places itself at the heart of the financial market. To attract investments to or through Luxembourg, the Luxembourg law on financial collateral arrangements has implemented in Luxembourg a strong and creditor friendly regime for the provision of collateral over financial instruments and claims. As a result, many transactions currently include Luxembourg vehicles as collateral providers and/or Luxembourg located secured assets, to facilitate financial transactions. The Luxembourg law on financial collateral arrangements also improves the legal certainty of financial collateral arrangements by ensuring that certain provisions of insolvency law do not affect the benefits and protections created by such arrangements. This workshop aims at providing a clear understanding of the main features and relevance of the Luxembourg law on financial collateral arrangements, illustrated with the financial collateral arrangements most commonly used in finance transactions. 13

14 July 2018 Closing summer BBQ 4 July 2018 Evening Event description Summer barbecue closing event, book your agenda. Further information closer to the date. 14

15 The Speakers Eliane Dejardin Botelho Counsel Capital Markets and Banking Tel: Catherine Kremer Managing Associate Corporate M&A Tel: Yuri Auffinger Consultant Employment Tel: Elodie Michaud Managing Associate Investment Funds Tel: Aurélie Clementz Consultant Tax Tel: Caroline Pimpaud Managing Associate Corporate M&A Tel: Delphine Horn Consultant Capital Markets and Banking Tel: Florence Forster Managing Associate Corporate M&A Tel: Linna Biere Managing Associate IP/TMT Tel: linna.biere@linklaters.com Hadrien Brémon Associate Tax Tel: hadrien.bremon@linklaters.com Danièle Buchler Managing Associate Tax Tel: daniele.buchler@linklaters.com Raphaëlle Carpentier Associate Employment Tel: raphaelle.carpentier@linklaters.com Rollover names to view the speakers biography 15

16 The Speakers Rollover names to view the speakers biography 16

17 Knowledge Portal Linklaters Knowledge Portal Our Knowledge Portal has a dedicated seminars section which brings together all of the firm s global seminar content together in one place. It allows you to register for forthcoming seminars, as well as access materials and download videos and podcasts from past seminars and breakfast briefings. All seminars are listed chronologically, detailing the host office, making it easier to search for a specific seminar. This is a no-cost, value-add service exclusive to our clients. If you are not already registered, sign up now by visiting knowledgeportal.linklaters.com Alternatively, if you would like to receive more information, please contact knowledgeportalsupport@linklaters.com In addition to the seminars listed, we host a number of other practice and sector-based seminar programmes. These include: > > Hong Kong seminar programme > > London Financial Regulation Group breakfast briefings > > London Derivatives and Structured Products breakfast briefings > > London Quarterly compliance breakfast series > > Luxembourg seminar programme > > Moscow Infrastructure Bonds seminar As well as formal programmes, we host one-off seminars in other countries. Please visit the Linklaters Knowledge Portal or our website to find out more. 17

18 Venue details Linklaters LLP Allegro Building Avenue John F. Kennedy 35 L-1855 Luxembourg Tel: Fax: linklaters.com This publication is intended merely to highlight issues and not to be comprehensive, nor to provide legal advice. Should you have any questions on issues reported here or on other areas of law, please contact one of your regular contacts, or contact the editors. Linklaters LLP. All Rights reserved 2018 Linklaters LLP is a limited liability partnership registered in England and Wales with registered number OC It is a law firm authorised and regulated by the Solicitors Regulation Authority. The term partner in relation to Linklaters LLP is used to refer to a member of Linklaters LLP or an employee or consultant of Linklaters LLP or any of its affiliated firms or entities with equivalent standing and qualifications. A list of the names of the members of Linklaters LLP together with a list of those non-members who are designated as partners and their professional qualifications is open to inspection at its registered office, One Silk Street, London EC2Y 8HQ or on and such persons are either solicitors, registered foreign lawyers or European lawyers. Please refer to for important information on our regulatory position. 18 CP2686_FB/04.18