Founder Members

 

 

AllenOvery

 

Arendt

 

 

 

Bank of China Luxembourg Logo

BIL cargoluxgroup logo

 

 

Deloitte

 

 

 Elvinger Hoss Prussen Logo

 

EY 

 

 


 

 

ICBC

 

 IEE 


 

 KPMG

 



 

Linklaters

 

Molitor

PwC

 


saic-motor-logo-chinese

 


SocieteGenerale

 

TMFGroup

 

 

 

 

Sustaining Members

 

 

GSK Logo P404c    

RBC Logo 

 

 



 

 

 

 

 

 

 ALLEN & OVERY | Founder Member

AllenOvery

We deal with all types of domestic and cross-border transactions, from local matters to pivotal international transactions. Our lawyers advise banks, asset managers, private equity houses, insurance and reinsurance companies, blue chip companies, Luxembourg-based companies, governmental authorities and public entities, and we are the chosen legal partner for many organisations with international or European headquarters in Luxembourg.

The combination of our international network and sound local knowledge enables us to provide our clients with a consistent and first rate service. That means giving them intelligent advice in banking, capital markets, competition, corporate, intellectual property, insurance law, investment and pension funds, labour law, real estate and tax. Beyond technical expertise, our clients appreciate our commercially astute approach and the way we find practical solutions to their problems, including access to pioneering know-how services.
For contentious matters, our litigation lawyers represent clients before all Luxembourg courts, the Court of Justice of the European Union and the Benelux Court of Justice.
Due to the growing interest in Luxembourg legal structures from clients outside Luxembourg and to the intensification and globalisation of inbound and outbound - to and from Luxembourg - business and investment relations, we have established dedicated Luxembourg desks in different parts of the world.

 

 

 ARENDT & MEDERNACH | Founder Member

Arendt

Arendt & Medernach is the leading independent business law firm in Luxembourg. The firm’s international team of more than 300 legal professionals represents local and foreign clients in all areas of Luxembourg business law from the head office in Luxembourg and the representative offices in Dubai, Hong Kong, London, Moscow, New York and Paris.

Arendt & Medernach became the first independent Luxembourg law firm registered as a Foreign Law Firm with the Hong Kong Law Society in October 2009. Advising exclusively on Luxembourg legal, tax and regulatory matters, we work for a large number of clients active in the financial sector including banks, insurance companies, retail fund managers (UCITS), private equity funds and hedge funds as well as operational companies and sovereign wealth funds based in the Asia-Pacific region. Maintaining a presence in China not only makes us more accessible to clients based there but highlights our commitment to the region and reinforces our relationships with the leading local law firms.

  

 

 BANK OF CHINA | Founder Member 

Bank of China Luxembourg Logo

 Bank of China was formally established in February 1912 following the approval of Dr. Sun Yat-sen. From 1912 to 1949, the Bank served consecutively as the country's central bank, international exchange bank and specialised international trade bank. Fulfilling its commitment to serving the public and developing China's financial services sector, the Bank rose to a leading position in the Chinese financial industry and developed a good standing in the international financial community, despite many hardships and setbacks. After the founding of PRC, with a long history as the state-designated specialised foreign exchange and trade bank, the Bank became responsible for managing China's foreign exchange operations and provided tremendous support to nation's foreign trade development and economic infrastructure through its offering of international trade settlement, overseas fund transfer and other non-trade foreign exchange services. During China's reform and opening up period, the Bank seized the historic opportunity presented by the government's strategy of capitalising on foreign funds, advanced knowledge and equipments to boost economic development, and accomplished as the country's key foreign financing channel by building up its competitive advantages in foreign exchange business. In 1994, the Bank transformed from a specialised foreign exchange bank into a state-owned commercial bank, and then incorporated as Bank of China Limited in August 2004. The Bank was listed on the Hong Kong Stock Exchange and Shanghai Stock Exchange in June and July 2006 respectively, becoming the first Chinese commercial bank to launch an A-Share and H-Share initial public offering and achieve a dual listing in both markets. In 2011 and 2012, the Bank was enrolled as a Global Systemically Important Financial Institution for two consecutive years, the only financial institution from China or any emerging economy to be recognised as such. 

  

 

 

 BANQUE INTERNATIONALE A LUXEMBOURG | Founder Member

BIL

Banque Internationale à Luxembourg, founded in 1856, is a universal bank offering a full range of services to individuals and to small, medium and large enterprises. Besides its Retail and Corporate Banking activities, it offers financial management and wealth engineering services to its international Private Banking clientele. These business lines are complemented by the Treasury & Financial Markets department which shines due to its wide range of financial services for its institutional counterparties.

 Characterised by its robust financial health and a strong shareholder base, BIL is an independent bank which boasts excellent long-term ratings,awarded A- with outlook stable (by S&P 12/2012 and Fitch - 06/2013). 

Backed by a dense branch network in Luxembourg, BIL is a systemic bank which actively supports the regional economy. The continuous development of its business is reinforced by a strategic international presence.

 

 

 

CARGOLUX AIRLINES INTERNATIONAL | Founder Member 

cargoluxgroup logo

Cargolux Airlines International S.A., Europe’s leading all-cargo airline, operates a modern fleet of Boeing 747-8 and 747-400 freighters to move valuable and time-sensitive commodities on a worldwide network spanning some 90 destinations and including 85 offices in over 50 countries. The airline also offers an extensive global trucking network to over 250 destinations and proposes charter and aircraft maintenance services.

Cargolux has operated into the Chinese market via Hong Kong ever since the airline started flying to Asia in 1970. Today, Cargolux also serves Xiamen, Beijing and Shanghai. Cargolux Italia, a subsidiary, connects Hong Kong with Milan’s Malpensa airport.

Cargolux pioneered the new, advanced Boeing 747-8 freighter on its flights to China, giving the airline additional capacity with unchanged flight frequencies. China’s importance for Cargolux is exemplified by the double-digit tonnage growth achieved in 2012 in Shanghai and Beijing. The Greater China markets were the biggest contributors in terms of volume and revenue, generating 70% of Cargolux’s production in the Asia Pacific area in the same calendar year.

Due to its high quality service offering, the airline is a regular recipient of coveted industry awards.

Cargolux is a member of the Association of European Airlines (AEA) and the International Air Transport Association (IATA).

 

 

 

DELOITTE | Founder Member

Deloitte

“Deloitte” is the brand under which tens of thousands of dedicated professionals in independent firms throughout the world collaborate to provide audit, consulting, financial advisory, risk management, and tax services to selected clients.

These firms are members of Deloitte Touche Tohmatsu Limited (DTTL), a UK private company limited by guarantee. Each member firm provides services in a particular geographic area and is subject to the laws and professional regulations of the particular country or countries in which it operates.
DTTL does not itself provide services to clients.
DTTL and each DTTL member firm are separate and distinct legal entities, which cannot obligate each other. DTTL and each DTTL member firm are liable only for their own acts or omissions and not those of each other.
Each DTTL member firm is structured differently in accordance with national laws, regulations, customary practice, and other factors, and may secure the provision of professional services in its territory through subsidiaries, affiliates, and/or other entities.
With around 1,500 professional staff, Deloitte is one of Luxembourg's largest, strongest and oldest professional services firms. Our multidisciplinary teams focus on clients operating in various industries and we take great pride in our ability to provide quality services in the fields of audit, accountancy, tax, financial advisory and consulting.
Our mission is to help our clients and our people excel.

  

 

ELVINGER HOSS PRUSSEN  | Founder Member

Elvinger Hoss Prussen Logo

A dedicated team in Hong Kong and Luxembourg

Partner Katia Panichi moved to Hong Kong to open our office in July 2012, with a strong background in regulated funds and unregulated investment structures. In September 2015, Xavier Le Sourne, partner from our investment funds practice, joined the team. Our Hong Kong team includes senior and junior Associates with Chinese native speakers, and is supported by a dedicated team within our Luxembourg head office whose activity is led by partner Gast Juncker. Senior partners Jacques Elvinger and Pit Reckinger share joint responsibility for the Hong Kong office and travel regularly to the region.

Responsive service to the highest precision

With partners in residence, our clients can receive relevant, timely advice on Luxembourg law in local business hours. Our position in the Luxembourg financial community means we can guide you through challenges arising from ongoing changes in the legal and regulatory environment and turn these into commercial opportunities. We continue to strengthen relationships in the Asian business community and to challenge ourselves to deliver greater levels of efficiency and excellence in our service.

Opening Luxembourg opportunities for Asian investors

Luxembourg is a truly competitive and financially stable jurisdiction in the heart of the European Union, with a favourable legal, regulatory and tax environment. Our partners are ready to assist you in exploring the advantages of doing business in Luxembourg, offering advice and seminars on various topics of Luxembourg law and on specific transactions. We are particularly well placed to advise on the benefits of using regulated or unregulated vehicles in investment fund structures.

We can guide you to Luxembourg growth opportunities through:

  • investment funds and asset management
  • corporate law
  • private equity and real estate acquisition finance
  • corporate finance and capital markets
  • tax law

 

 

 

EY  | Founder Member

EY

EY is a global leader in assurance, tax, transaction and advisory services. In-depth industry knowledge is key to bringing our clients the best solutions and advice. In Luxembourg our industry focus includes Financial services, commercial, industrial and public sector.

EMEIA Chinese Business Service Team (“CBS”) and China Overseas Investment Network (‘‘COIN ’’) 中国业务部 (欧洲,中东,印度和非洲片区) 和中国海外投资业务部

EY’s CBS team in Luxembourg and in the EMEIA region (“Europe, the Middle East, India and Africa”), working hand-in-hand with EY China and COIN, offers a suite of services to help Chinese companies expand beyond their borders. Our teams are comprised of skilled multicultural professionals who have on-the-ground experience both in China and in the EMEIA region.

Whether it’s helping Chinese companies navigate the IPO process in foreign financial markets, or assisting them in their international acquisitions, or providing compliance and advisory services once a company is established, our teams have experience, knowledge and commitment to help your business succeed in complex cross cultural contexts and environments. We can also offer valuable relationships, help liaise with local stakeholders and assist in important negotiations.

  

 

GSK Stockmann, Luxembourg  | Sustaining Member 

GSK Logo

GSK Stockmann in Luxembourg is a corporate law firm with international reach and additional offices in Berlin, Frankfurt am Main, Hamburg, Heidelberg, Munich. Our lawyers are registered with the Luxembourg bar and other European or US bars. We have brought together dynamic, multi-cultural teams of lawyers with a strong capability to analyse complex legal scenarios from different perspectives to find the best solutions to serve the interests of our clients.

GSK Stockmann is the trusted advisor of leading financial institutions, asset managers, private equity houses, insurance companies, corporates and FinTech companies, having both a local and global reach. Many of our lawyers are members of international organisations and regularly publish in their field of expertise. Our lawyers are active members of working groups organised by bodies of the financial industry in Luxembourg. GSK Stockmann in Luxembourg thrives to provide the highest quality legal advice and responsiveness combined with a pragmatic ap-proach to meet the challenges and expectations of our clients. Solution driven in our approach, we tailor our services to the exact business needs of our clients.

 

 

ICBC  | Founder Member 

ICBC

Industrial and Commercial Bank of China (Europe) S.A. (abbreviated as ICBC (Europe) S.A.) was officially established on September 5th, 2006, and changed to the present name from ICBC Luxembourg S.A. on January 1st 2011. ICBC (Europe) S.A., together with ICBC Luxembourg Branch established in 1999, the two ICBC operating institutions in Luxembourg share the same team and supplement each other with advantages of different banking licenses, and set up the ICBC regional management platform on Continental Europe.

Headquartered in Luxembourg, one of the world's financial centers, ICBC (Europe) S.A. operates a network covering branches in major European cities, namely Paris, Amsterdam, Brussels, Milan, Madrid, Barcelona, Warsaw and Lisbon representative office. Since the opening, ICBC (Europe) S.A. has been following closely the strategies of ICBC Group, and pursuing “localized operations with featured development”. A sustainable, fast yet sound growth pattern has been developed. It is suitable for ICBC (Europe) S.A. and proven by improving performance indicators such as assets and profitability, the achievement of leap-forward development while maintaining a record of zero non-performing assets.

ICBC (Europe) S.A. and Luxembourg branch both have full banking license. They can provide a rich variety of services including deposits, remittance, loan, trade finance, international settlement, RMB business, currency exchange, clearing, cash management, private banking, investment banking, asset management and custodian services among others. Meanwhile, with highly qualified management and experienced staff, we can serve customers with a full portfolio of quality banking services.

ICBC (Europe) S.A. has been tapping the group advantages and regional resources, and actively providing comprehensive financial services for Chinese companies in Europe while thriving to attract target customers on the local market. Over the years, the overall competitiveness and sustainability has been substantially improved, making the flagship of ICBC in Europe and the most rapidly-growing Chinese commercial bank in the European region.

We strives for organic balance between economic benefits and social responsibility, and makes active efforts in fully integrating with local community by supporting economic and social causes, peace, cultural and philanthropy activities, and has been widely recognized as a responsible leading bank.

  

 

IEE  | Founder Member 

IEE

IEE S.A. is an innovative developer of specialized sensing systems. Founded in 1989 and headquartered in Luxembourg, the company has operations in Europe, the US and Asia. IEE is a global leader in automotive safety sensing systems for occupant detection and classification and also offers customized input sensing solutions for the car interior. In addition, the company provides a range of sensing solutions that enhance building safety and security.

IEE employs 1,600 people worldwide and the company’s solutions are dedicated to the following markets: Automotive, Building Safety & Security, and Medical, Health & Sports. More than 10% of IEE’s workforce is dedicated to Research & Development.

IEE established its first facility in China in 2006 and the company currently employs more than 500 employees in Beijing and Langfang in manufacturing, sales, engineering and testing. IEE supplies the major car manufacturers in China, with more than 10 million Seat Belt Reminders sold to the Chinese automotive market since 2010.

  

 

 

JP MORGAN  | Founder Member

JPM

Luxembourg is the second largest mutual fund domicile in the world, after the United States. With a history dating back to the 1970s, J.P. Morgan has a strong local presence in Luxembourg through its offices at the European Banking and Business Center (EBBC). There are two separate entities in Luxembourg — JPMorgan Asset Management (Europe) S.à r.l. and J.P. Morgan Bank Luxembourg S.A.

J.P. Morgan Asset Management is one of the largest active investment managers in Europe and the world. J.P. Morgan Bank Luxembourg is the leading cross-border UCITS service provider in Europe, and we administer some of the most complex and innovative fund ranges in Luxembourg.

  

 

 

KPMG  | Founder Member

KPMG

KPMG firms are some of the world’s leading providers of audit, tax and advisory services. We have 152,000 people operating in 156 countries.

We aim to respond to the complex business challenges facing our firms' clients. We adopt a global approach spanning professional disciplines, industry sectors and national borders.

Our practice is organized around our Audit, Tax and Advisory practices.

Audit - Public trust in the capital markets is largely grounded in its confidence in the independent audit of company finances. KPMG member firms uphold the highest standards of audit integrity. We support our Audit teams with substantial resources and appropriate technology.

Tax - Our tax services are designed to reflect client needs. We can help with the tax implications of, for example, cross-border acquisitions or a global transfer pricing strategy. Our member firms work with clients to achieve effective tax compliance, manage tax risks and control their associated costs.

Advisory - Our Advisory professionals help a range of organizations mitigate risk, improve performance and create value. Our member firms provide risk and financial advisory services that help clients tackle immediate issues and plan for the long term.

Leadership - A brief outline of who is on KPMG in Luxembourg Executive Committee.

Structure - KPMG Luxembourg is part of KPMG Europe LLP since October 1st 2009.

  

 

 

LINK ASSET SERVICES | Founder Member

Link Asset ServicesLink Asset Services is part of Link Group’s Asset Services division and works in partnership internationally with almost 7,000 clients providing the infrastructure through which assets are secured or deployed in both regulated and unregulated markets. The 3,000+ members of our team deliver over 70 closely aligned services, helping capital flow through the financial markets by processing £45bn of payments annually; and protecting and safeguarding more than £600bn held in funds, entities and other instruments. We build longstanding relationships; and our clients rely on us to provide robust & agile technology, combined with relevant, accurate and timely industry knowledge and expertise. Our clients often procure multiple services from us and our approach and execution success has enabled us to build market leading positions across all of our business lines:                

  • Link Market Services (share registration, investor relations, share investment services, treasury)                
  • Link Fund Solutions (AIFM, fund administration, transfer agency, ISA plan management)                
  • Corporate Services (finance & accounting, company secretarial, entity management, outsourcing services)                
  • Private Clients (trust & company services, including inter-generational transfers) 

We have partnered some clients for generations and the average tenure of our relationship management team often exceeds 10 years. We are excited by the challenge and opportunity of helping our clients flourish as the following market dynamics play out: shifting regulatory frameworks, the search for investment alpha, the digitisation of the customer interface, the infrastructure funding shortfall, the pensions time-bomb…and of course the socio-economic implications of Brexit and the broader geopolitical landscape.

 

 

LINKLATERS  | Founder Member

Linklaters

Linklaters is a leading global law firm, supporting clients in achieving their strategies wherever they do business. We use our expertise and resources to help clients pursue opportunities and manage risk across developed and emerging markets around the world.

With more than 2,500 attorneys in 19 countries and numerous alliances with leading best friend firms, Linklaters covers all the major jurisdictions and financial centres around the world. Our focus is on consistently delivering integrated, global solutions, built on our strong local capability. Although we are organised across three divisions (corporate, finance, commercial), advising our clients invariably involves more than one division and jurisdiction. This is why we take a team-driven, collaborative approach to all that we do for our clients.

In China, Linklaters has nearly 220 lawyers working across three major business centres: Beijing, Shanghai and Hong Kong. Our team includes some 100 Mandarin-speaking lawyers who offer a well-balanced mix of international expertise and local knowledge. In Luxembourg 10 partners, 3 of counsels and more than 70 associates deliver high quality, top of the market, client-focused legal advice in the areas of capital markets and banking, corporate M&A, investment management, tax, litigation, employment and commercial law (including technology, media and telecommunications).

  

 

MOLITOR  | Founder Member

Molitor

MOLITOR was founded in 1996 and is one of Luxembourg’s leading independent business law firms. Our lawyers are specialists in their chosen practice areas and we work closely together to ensure that all the relevant disciplines applicable to any case are fully covered.

Hard work, knowledge and enthusiasm have given us an excellent reputation in advising local, international and global corporate clients, including banks and financial institutions, commercial companies, industrial groups, government and public administration as well as top tier law firms from other countries.
MOLITOR is increasingly retained to advise on matters involving clients from China. Our firm is consistently advising on high level local and international Acquisition Finance matters and we work closely with a growing number of first class international law firms on several intense and high profile issues in Banking and Finance. 
Our clients - new, regular and returning - appreciate our depth of experience combined with a passion to identify and implement new and effective solutions. MOLITOR has built enduring relationships with regulators, government and the local Luxembourg administration. 
Our areas of practice cover Banking & Finance, Corporate & M&A, Real Estate, IP, IT & Media, Employment & Pension and Dispute Resolution & Litigation.

  

 

PWC  | Founder Member

PwC

PwC Luxembourg is the largest professional services firm in Luxembourg with 2,300 people employed from 57 different countries. It provides audit, tax and advisory services including management consulting, transaction, financing and regulatory advice to a wide variety of clients from local and middle market entrepreneurs to large multinational companies operating from Luxembourg and the Greater Region. It helps its clients create the value they are looking for by giving comfort to the capital markets and providing advice through an industry focused approach.

 The global PwC network is the largest provider of professional services in audit, tax and advisory. We’re a network of independent firms in 158 countries and employ more than 180,000 people.

In a sign of the growth of globalisation and international interconnectivity, we’ve formed a group dedicated to China. Our specialists focus on business and tax issues for Chinese companies in Luxembourg and Luxembourg companies looking to expand in China.

 

 

RBC INVESTOR & TREASURY SERVICES  | Sustaining Member

RBC Logo Royal Bank of Canada Investor & Treasury Services (RBC I&TS) is a specialist provider of asset services, custody, payments and treasury services for financial and other institutional investors worldwide.

We serve clients from 19 countries across North America, Europe, Asia and Australia, delivering services to safeguard client assets and maximize liquidity.

As a strong, stable partner, focused on meeting our clients' evolving needs, RBC I&TS has an unwavering commitment to managing operational risk in our business and the highest credit ratings among our peers.

RBC became the first Canadian bank to have a representative office in Beijing, China, when it opened in 1981, and subsequently upgraded to a full branch in 2006. 

 

 

 

 

SAIC MOTOR CORPORATION  | Founder Member

saic-motor-logo-chinese

SAIC Motor Corporation Limited (“SAIC Motor” for short, stock code 600104) is the largest automotive corporation listed on the A-Shares market in China. By the end of 2012, the total stock of SAIC motor has reached 11 billion shares. The current main businesses of SAIC Motor cover the R&D, manufacturing, and sales of whole-vehicles (including passenger and commercial vehicles), spare parts (including engines, transmissions, powertrain, chassis, interior and exterior trim, electronic appliances, etc.), as well as auto financing, logistics, vehicle information, second-hand cars, and other car service and trading business.

The major whole-vehicle producers under SAIC Motor include the passenger vehicle company, the commercial vehicle company, Shanghai Volkswagen, Shanghai GM, SAIC-GM-Wuling, Nanjing Iveco, SAIC-Iveco-Hongyan, Shanghai Sunwin, etc.
In 2012, SAIC Motor sold 4.49 million units of whole-vehicles with a year-on-year growth of 12%, maintaining its leading edge on the domestic automotive market of China. With its consolidated sales revenue of 67.254 billion USD for the previous year, SAIC Motor was listed among Fortune 500 for the eighth time at the No.130th position, 21 positions up than in 2011.

  

 

 

SOCIETE GENERALE | Founder Member 

SocieteGenerale

Acteur d’une place financière internationale, nous avons développé les compétences d’une banque multimétiers en plein cœur de l’Europe. Notre force repose sur le savoir-faire de nos équipes à Luxembourg et dans le monde, regroupées au sein du Groupe Société Générale, l’un des leaders européens en services financiers.

 

 

  

 

TMF  | Founder Member 

TMFGroupInvesting internationally often leads to complex acquisition structures with legal entities and reporting obligations in multiple jurisdictions – and this in turn poses challenges for transparency, governance and the timely delivery of the information required by investors and regulators. But it’s not just about complexity. More than in any other part of business, your structures and your transparency rely on knowing the local regulations and local market intimately.

Welcome to TMF Group. We don’t just set up a company and leave you to it; We add those pieces that make your international investment structures compliant with local laws and regulations with domiciliation, management, corporate secretarial, accounting, tax compliance, HR and payroll services being an integral part of our wider global offer. As a large multinational company with operations in more than 75 countries – staffed by local experts who speak the local language - we have a footprint that no one else can replicate. A single point of contact ensures clear communication across multiple jurisdictions.

As your local representative, we ensure your entity’s good standing in accordance with local requirements – and as an independent operator, we’re happy to work with your local advisers in tax, legal and accounting. Leave the small – but very important – stuff to us, and you can keep your eyes on your global ambition.