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04/04/2007

Assessment of professional standing confused in Luxembourg

For the first time, an unhappy candidate for a licence of banker that did not accept the decision of the CSSF that contested his professional standing went to the administrative jurisdiction and won (Judgement dated 26 March).

The decision of the tribunal may be the consequence of a lack of transparency of the CSSF in its criteria to assess the professional standing and therefore the banker was able to demonstrate that the decision was not fair.

Source Land, dated 30 March 2007

19:45 Posted in Luxembourg | Permalink | Comments (0)

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