What Is ATAD 3? The Unshell Directive and What Replaced It

This article discusses the EU’s ATAD 3 (Unshell) Directive proposal and the developments that replaced it, relevant to holding companies in Luxembourg, the Netherlands and other EU jurisdictions. It covers the substance requirements originally proposed and how the regulatory landscape evolved. The piece is aimed at groups managing EU holding structures.

  • Explains background of the EU ATAD 3 Unshell Directive proposal
  • Discusses substance requirements for EU holding companies
  • Covers what replaced the original ATAD 3 proposal
  • Relevant to Luxembourg and Dutch holding structures

Related practice areas

Fiscal lawCorporate law

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