English and Wales solicitors can now register to practise in Luxembourg, following talks.
It had not been possible for England-and-Wales-qualified lawyers to work in Luxembourg the end of the Brexit transition period on 31 December, 2020.
On 29 June, the Luxembourg parliament voted into law a bill implementing article 194 of the EU-UK Trade and Cooperation Agreement (TCA).
Under the new legislation, qualified lawyers can register with the Luxembourg Bar to practise British and public international law.
The value of legal services exports to Luxembourg is estimated at approximately Stg£300 million per year.
“We are pleased that the bill has been introduced following a series of productive conversations we have been having with representatives in Luxembourg, the UK government and the European Commission,” said Law Society President Lubna Shuja.
“The new law will benefit not only our members but also the wider economy and sets an important precedent for the TCA to be implemented in other EU member states.”