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By David MARIA, Partner Stephanie RAFFINI, Senior Associate. Pinsent Masons Luxembourg LLP
Luxembourg has long been a leading jurisdiction for fund domiciliation and administration. Now, the country faces a challenge in attracting front-office activities, particularly active fund management. In response to this, the government introduced Bill No. 8590 on 24 July 2025 - aiming to modernise the carried interest regime to align with market practices and attract qualified personnel in active fund management. The Bill No. 8590 was passed on 22 January 2026 (the “Law”) and was published on 4 February 2026, furthering the amendment of the beneficiary definition required by the Council of State (Conseil d’État) to be more precise and give therefore more legal...
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