Whistle-Blower Protection: First Constitutional Vote

AM
Arendt & Medernach

Contributor

About Arendt

Arendt combines the entire value chain of services dedicated to Asset Managers, Banks, Insurers, Public Institutions and Private Clients operating in Luxembourg.

-Legal & Tax
-Regulatory & Consulting
-Investor Services

Legal & Tax

We assist clients in structuring and running their business from a legal and tax standpoint across Luxembourg. Our teams directly serve international clients or work in close collaboration with foreign partner law firms.

Together with our regulatory consultants and investor services experts, we bridge the gap between legal/tax advice and its implementation. We deliver best-in-class services along our clients’ business life cycles.

The 450 legal experts of Arendt & Medernach have a wealth of experience in a wide variety of specialisations. Together, they are able to advise on a complete range of 15 complementary practice areas, including Investment Management, Private Equity, Banking and Corporate Law.

On 2 May 2023, Parliament voted on Bill of law no. 7945_ on the protection of persons who report breaches of EU law ("Whistle-blower Protection Law"), in the bill of law's first constitutional vote.
Luxembourg Government, Public Sector
To print this article, all you need is to be registered or login on Mondaq.com.

On 2 May 2023, Parliament voted on Bill of law no. 7945_ on the protection of persons who report breaches of EU law ("Whistle-blower Protection Law"), in the bill of law's first constitutional vote.

In principle, the Whistle-blower Protection Law is subject to a second constitutional vote within the next three months. However, Parliament has asked to dispense with the second vote, subject to the agreement of the Conseil d'Etat (State Council). In practice, therefore, it is possible that the law will be adopted and published in the Luxembourg Official Journal very soon.

The upcoming Whistle-blower Protection Law will have a significant impact on employers because it introduces:

  • An obligation on employers to set up an internal reporting channel.

  • Enhanced protection measures for whistle-blowers.

  • Heavy penalties for non-compliance with the provisions of the law.

Stay tuned for more details about the law once it passes the final vote.

If you have not yet set up an internal reporting channel or you have any questions about doing that, please feel free to contact us. Our Employment Law, Pensions and Benefits team is at your disposal_

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

See More Popular Content From

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More