Arendt & Medernach

With effect from 1 February 2023, the index applicable to employee wages increases from 877.01 to 898.93, resulting in a 2.5% increase in gross salary paid to individuals with employment contracts subject to Luxembourg law. Wage indexation is an automatic mechanism to adjust salaries in line with evolving living costs, as determined by STATEC[1]. Salaries are automatically raised when the cost of living increases by at least 2.5%. The aim of this measure is to compensate for loss of purchasing power due to inflation by increasing salaries accordingly. The final detailed results of the national consumer price index for January 2023 will be published on 10 February 2023...

General Trends – EU & international tax  > Click here for more details 2022 was another year rich in tax developments in Luxembourg and Europe. In an exceptional economic and geopolitical context, the European institutions continued to launch and implement international tax initiatives...

Exceet Group SCA, a Luxembourg based partnership limited by shares listed on the regulated market (Prime Standard) of the Frankfurt stock exchange, acquired the APEX group, a group of companies specialised in the planning, procuring, commissioning and operating of hydrogen plants, selling hydrogen, electricity and heat generated in connection with hydrogen plants, as well as the development of corresponding software and hydrogen storage systems, for a total consideration of approx. EUR 120 million. Arendt advised exceet Group SCA and its major shareholders from a Luxembourg corporate, capital market and securities law perspective, including the setup of the new incentive scheme...

Arendt & Medernach advised GFJ ESG Acquisition I SE, a Luxembourg special purpose acquisition company (SPAC) with focus on ESG-related technologies supporting the path to de-carbonization and sponsored by Gisbert Rühl, former CFO of Klöckner & Co, and the startup investors Joseph Brunner, in its successful business combination with Learnd Limited ("Learnd"), a leading Building-Performance-As-A-Service company providing cloud based services to deliver building management and optimization solutions by using its technology platform to help customers achieving safer, more efficient and more sustainable buildings, e.g...