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Mensuel de mai 2013 - Economie

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Luxembourg domiciliation sector adapts today’s legal and economical challenges
Strictly connected with the destiny of the banking and financial industry, the domiciliation sector is forced today to rapidly adapt a tough economical background and a fast changing corporate legal environment characterized by a substantial increase in the amount of compliance and disclosure obligations that companies must cope with.    In this context of an increasingly important international pressure, regularly fueled with politico-financial scandals (the recent highly mediatized Jérôme Cahuzac case being just one among many recent incidents implicating several banking institutions such as Geneva’s HSBC, Cayman Islands’ Julius Baer or Lichtenstein’s LGT Bank) one can hardly be surprised by the development of an “offshore witch hunt” tendency, rising the possibility...
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