News | Firm News

DepoBank Day: A Deep Dive into Funds Custody Law

Baker McKenzie Luxembourg held its first DepoBank Day event bringing together over 120 market stakeholders.
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Overview

Why do business in Luxembourg?

Based in one of the world's most important financial and holding centers with more than 150 banking institutions and 14,500 funds, Luxembourg is the leading private banking & investment funds center in Europe, as well as the second-most important investment funds center in the world after the US supported by a constantly modernizing, business-friendly legal and regulatory framework.

With its skilled and multilingual workforce, outstanding digital infrastructure with a high-performance R&D and innovation ecosystem, the world's first and leading platform dedicated exclusively to sustainable finance it is a highly suitable environment for your business. Doing business in Luxembourg means a stable economy and political regime AAA rated by S&P, competitive corporate tax rates, incentives, and VAT among the lowest in Europe.

Why do you need Baker McKenzie as your trusted partner?

As a top global law firm, our horizon does not end in Luxembourg.

Our unique global footprint with 74 offices in 45 countries allows us to bring the right talent at the right time to every client issue, regardless of where the client is. Our strength is the ability to combine our local and international expertise to create tailored solutions for our clients, being one of the most regarded and established law firms in Luxembourg benefitting from seasoned lawyers and tax specialists with a comprehensive understanding of Luxembourg’s legal, regulatory and commercial practices. We are consistently recognized in legal directories, including Legal 500, Chambers & Partners, International Tax Review and IFLR 1000. No matter the issue, we closely cooperate with our colleagues throughout practices and jurisdictions around the world to help multinationals, financial institutions and investors build or achieve their business objectives.

Present in Luxembourg since 2010, we represent a vast diversity of clients from domestic companies to multinationals as well as financial institutions. Our key purpose is to bring the right talent to every client's legal and tax issues, regardless of which industry the client is from. As a leading transactional market player, our Luxembourg office works seamlessly across borders and practice areas to deliver tailored and pragmatic solutions for clients.

We mainly advise clients concerning:

We are consistently recognized in legal directories including Legal 500, Chambers & Partners, International Tax Review, and IFLR 1000. Our strength is the ability to combine our local and international expertise to create tailored solutions for our clients.

World-Class Careers Opportunities in Luxembourg and around the globe

We support personal development, empower people to develop their careers, and champion diversity. We want colleagues who are innovative and curious about the world, who think globally and one step ahead. We are looking for likeable people who enjoy working in teams as equals, and who will work with us to develop creative solutions for our clients. Our network offers extensive opportunities for international exchange.

View career opportunities in Luxembourg

Visit our Global Careers page for more information

View our brochure to find out more about traineeship and junior opportunities

Réflexion sur l’attraction et la rétention des jeunes talents by Jean-François Findling
Forbes, 9 December 2024
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Les banques dépositaires entre contraintes et responsabilités - Interview with Laurent Fessman
Forbes, 11 November 2024
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La Loi sur l’IA : une étape clé en matière de régulation de l’IA dans l’UE - Interview with Valérie Kopéra
Forbes, 5 November 2024
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Le contentieux fiscal en hausse au Luxembourg - Interview with Amar Hamouche, Antonio Weffer & Olivier Dal Farra
Forbes, 28 October 2024
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Cross-Border Dispute Resolution in Tax Matters: A Luxembourg Overview, European Taxation 2024 (Volume 64), No. 11 by Andrea Addamiano
International Bureau of Fiscal Documentation (IBFD), 21 October 2024
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Operating sustainably and responsibly underpins our Firm’s purpose and strategy and reflects our commitment to our people, our clients and our communities  diversity among our talents is a strength, by helping to transform society and creating a better life for all.  Through our CSR program, we inspire Firm colleagues to make a difference and collaborate with clients that share the same commitment to social justice.

Inclusion & Diversity

We don’t believe in "cheque book charity." Instead, we believe in rolling up our sleeves and being an active part of the projects we support, partnering with credible community stakeholders. While our approach to diversity and inclusion is multifaceted, the three main areas on which we focus are ethnic, cultural, and LGBTQ+ diversity, as well as gender inclusion. We therefore launched:

  • The project "March for Good" internally. As Baker McKenzie is the global law firm with the most female partners by percentage, it is only logical to encourage and inspire young women to pursue a career in law and break through gender stereotypes.

Discover all the testimonies

Catherine Martougin
Elodie Duchene
Annie Elfassi
Ana Vazquez
Nastasia Dumitru
Amelie Woltrager

  • In 2019 we enacted global targets of 40% women, 40% men, and 20% flexible (women, men, or non-binary persons) by July 2025. The targets apply to partners, senior business professionals, committee leadership and candidate pools for recruitment.

  • In May 2023, Baker McKenzie Luxembourg has taken a significant step toward promoting diversity and inclusivity by signing The Diversity Charter Lëtzebuerg.

  • Sustainability

    We understand that being responsible global citizens means protecting our environment. With this understanding, in our office we continue to implement initiatives to reduce our environmental footprint.

    Pro Bono and Community Actor

    One of the major benefits of being a global law firm is having the bandwidth and resources to help people through our work in lots of places and on large-scale projects.

    • As part of our commitment, we work closely with partner schools as well as the Luxembourgish Law Students Association to help educate the next generation of lawyers.
    • We partake in and fund "Relais pour la vie" in order to raise awareness and funds for the cancer foundation.

Offices

Luxembourg

10 - 12 Boulevard Roosevelt
Luxembourg 2450
Luxembourg
Tel: + 352 26 18 44 1 Fax: + 352 26 18 44 99