Terms of business
Terms of business
This document sets forth the terms and conditions pursuant to which our Luxembourg law firm and its lawyers agree to provide legal services.
1. Fees, disbursements, office expenses and VAT
Our Luxembourg law firm’s fees will generally be charged to you on the basis of the number of hours of work performed with respect to a particular matter by all lawyers / professionals involved in the matter and the applicable hourly rates of such lawyers / professionals. The hourly rates are set on the basis of the particular expertise and experience of the lawyers / professionals involved. A list of applicable hourly rates or our law firm’s lawyers / professionals is provided upon request.
Our law firm’s fees do not include the following which will be charged separately:
(a) direct disbursements to third parties (related invoices will be provided upon request);
(b) general office expenses (such as secretarial work, stamps, telephone, photocopying, facsimile expenses, computer services, etc) which will be charged on the basis of a percentage applied on the fees.
Upon request, estimates of the anticipated fees for a particular matter may be provided by the lawyer responsible for the matter. However, unless otherwise agreed, such estimates should not be considered as a fixed price. This is particularly the case if additional requests are made by you or if unanticipated tasks or difficulties are encountered while performing the agreed work. In principle, the lawyer responsible for the matter will inform you if an increase of fees may be foreseen.
VAT, where applicable, will be charged on our fees at the rate of 17%.
At the beginning of a new matter, the lawyer responsible for the matter may require the payment of a retainer to cover a portion of the anticipated fees and disbursements.
2. Billing and Payment terms
A statement of fees and disbursements will be sent to you periodically (generally on a monthly basis) for the work performed by our law firm.
A listing providing the details of our Luxembourg law firm’s statement of fees, setting forth the specifics of the services provided by the lawyers / professionals involved in the matter, will be provided at your request.
All statement of fees and expenses of our law firm are payable within 20 days of their date of issuance. If the payment is not made by the due date, interest will be charged at rate of 1% per month. In addition, our law firm reserves the right to retain your files until all our outstanding statements of fees and expenses, and applicable late payment interests thereon, are settled.
3. Coordination of work
In order to ensure that each new request for services addressed to our law firm is dealt with by the most appropriate lawyers / professionals, you will direct all new matters to your main contact lawyer who will be responsible for coordinating the assignment of the work with other lawyers / professionals involved in the matter and for following the performance thereof. The initials of your contact Lawyer are mentioned in the matter reference number (Stéphan Le Goueff is the contact lawyer for all matters with reference number starting with LGA). You may also designate a contact person (or lawyer) to communicate with our law firm.
Unless otherwise requested by you, communications with our Luxembourg law firm will be made by mail, telephone or electronic communications (fax, e-mail, etc). As the confidentiality of electronic communications may not be guaranteed, you should notify your contact lawyer in the event that you prefer not to use such communications. If the matter requires a certain urgency we may resort to courier services company. In such case, the corresponding costs will be charged to you.
5. Conflict of interest
In the event that a conflict of interest would arise at the outset or during our relationship, your contact lawyer will inform you of the situation and we will jointly decide the steps to take to address the situation.
Luxembourg lawyers are bound, by law, to comply with strict professional secrecy rules. Any breach of this rule by a lawyer may give rise to criminal and/or disciplinary sanctions. Thus, irrespective of the execution of a confidentiality agreement, your matters will be kept strictly confidential unless the disclosure thereof is authorized by you or otherwise required by law.
7. Money laundering regulations
Notwithstanding the above professional secrecy duty, money laundering regulations require Luxembourg lawyers to obtain certain information regarding their clients and, in the case of suspicious activities involving money laundering, financing of terrorist activities, and related criminal offenses, Luxembourg lawyers disclose such suspicious activities to the competent authorities without informing the client of such disclosure.
8. Rules of ethics
Luxembourg lawyers must comply with the rules of ethics set forth in the Interior regulation of Luxembourg Lawyers, published in the Mémorial, A - n° 53, 20 April 2005 (http://www.legilux.public.lu/leg/a/archives/2005/0532004/0532004.pdf#page=2) and, for cross border activities, within the European Union, with the Code of Conduct for Lawyers in the European Union.
9. Limitation of liability
Our liability, in connection with work performed for you, covers only direct damages suffered by you and caused by our fault or negligence. In such case, the amount of our liability will be limited to the amount of the indemnity paid under our lawyers’ professional liability insurance policy. In the event that the lawyers’ professional liability insurance policy would not apply for any reason, then our liability shall be limited to an amount corresponding to the lower of Eur 100.000 or five times the total amount of the fees paid by you in connection with the matter having given rise to the claim.
10. Data protection
All personal information relating to you or your firm are stored and processed in accordance with the Law on data protection of 2 August 2002. We will not transfer or disclose your personal data to any third party, save in compliance with our legal obligations or with your prior authorisation. You have a right to access your personal data and may ask for corrections to be made where such data is inaccurate or incomplete. You have a right to object to the use of your data for marketing purposes (e.g. invitations to seminars, newsletter or legal updates).
11. Applicable law and competent jurisdiction
As a Luxembourg law firm, we require the relationship between our law firm, its lawyers and you to be governed the laws of Luxembourg and subject to the exclusive jurisdiction of the courts of the city of Luxembourg.
12. Agreement with these conditions
By engaging our Luxembourg law firm and lawyers to provide professional services, you agree to be bound by these conditions.
The English version of these terms and conditions shall apply when the language used for communications with you is English.