Diversity in the workplace is a matter of soft law in Luxembourg as no legal framework exists in this regard. Instead, diversity has been fostered through the establishment of the Diversity Charter Letzebuerg – which aims to encourage employers to foster diversity through concrete actions that exceed their legal obligations – and the introduction of several general provisions to national legislation.
Under Luxembourg bankruptcy law, IP licence agreements are regarded as long-term agreements, rather than assets per se. Article 30 of Bill 6539 states that insolvency proceedings do not automatically lead to the termination of ongoing contracts. As there are no specific rules for IP licence agreements in the event of insolvency, the general rules of contract law will apply to such agreements under these circumstances.
There is no specific legal framework regulating virtual currencies in Luxembourg. However, the authorities are fully aware that some tailoring is needed in order to adapt the financial regulatory framework to reflect the challenges of new technologies, especially with regard to virtual currencies. The financial supervisory body, the CSSF, has issued useful guidance in this regard.
This week, Castegnaro explores the primary issues to consider before implementing a bring your own device (BYOD) model in the workplace. Luxembourg companies – especially those in the financial sector – must carry out in-depth risk assessment, and BYOD policies must comply with minimum standard requirements to ensure data protection.