Your independent Law Firm in Luxembourg
MOYAL & SIMON is an independent Luxembourg law firm that has matured into an established key firm in Luxembourg since its foundation. We pride ourselves in combining the quality and expertise of the leading commercial law firms while delivering individually-tailored services adapted to the specific needs of our clients.
News
Unlimited access to the RBE ruled invalid
The Court of Justice of the European Union has just published a ruling invalidating the provision of the EU Anti-Money Laundering Directive that makes information on the beneficial owners of companies publicly available. A victory for those who had opposed the RBE in Luxembourg.
MOYAL&SIMON advise customers of ABLV Bank
On July 2, 2019, the Luxembourg District Court announced the judicial liquidation of ABLV BANK Luxembourg S.A. (hereinafter “ABLV”). ABLV had been targeted by U.S. financial authorities and the ECB on suspicion of unfair commercial practices. ABLV was accused of being heavily involved in money laundering activities. The ECB immediately imposed a payment moratorium. At the same time account outflows were prevented. Until 10 January 2020, ABLV customers were able to submit a declaration of claim to the Luxembourg District Court. After a thorough investigation by the Luxembourg Financial Intelligence Unit (“CRF”, Cellule de Renseignement Financier), a freezing order was issued in numerous cases for all customer assets, which were now faced the suspicion of money laundering. The lawyers of MOYAL&SIMON have been able to obtain the release of assets for international clients in numerous cases. Gladly we can also help you, contact: info@moyal-simon.com
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