Legal information is a news blog providing information on the financial markets, created, written and maintained by the Banque de Luxembourg (hereinafter 'the Bank') and BLI - Banque de Luxembourg Investments S.A. (hereinafter 'BLI').

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Users of this blog implicitly accept the terms and conditions of use (described hereunder). Residents whose nationality, country of residence or other legal reason prevents them from accessing the websites of foreign management companies must refrain from consulting this website. The Bank and BLI decline all responsibility for such persons and invites all users to check prior to using the website that no regulations prevent or restrict them from using the site that the Bank has put at their disposal.

Contents of the blog

The views, opinions, articles, questions and answers published on this blog are those of the author and shall not be binding on BLI or the Bank.

Financial and economic information published on the blog are communicated for information purposes only based on information known on the date of publication. Such information does not constitute investment advice, recommendation or encouragement to invest, nor shall it be interpreted as legal or tax advice. Any information should be used with the greatest caution. The Bank and BLI do not give any guarantee as to the accuracy, reliability, recency or completeness of this information. Their liability cannot be invoked as a result of this information or as a result of decisions that a person, whether or not a client of the Bank or BLI, may take based thereon; such persons retain control over their own decisions. Interested persons must ensure that they understand the risks involved in their investment decisions and should refrain from investing until they have carefully considered, in conjunction with their own professional advisers, the appropriateness of their investments to their specific financial situation, in particular with regard to legal, tax and accounting aspects. It is reiterated that the past performance of a financial instrument is no guarantee of future returns. The manager of the published blog and Banque de Luxembourg reserve the right to amend the content of the blog and render it inaccessible whenever they deem this appropriate.

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Visitors to the blog are informed that the Bank and BLI may collect personal data related to them and process such data by computer. They are also informed that by accessing the blog, data may be temporarily stored or recorded in their computer’s memory to facilitate navigation on the website (cookies). Users to the website authorise the Bank and BLI to act accordingly. Users are entitled to use their right to access and correct personal data concerning them in accordance with the law of 2 August 2002, as amended, on personal data protection and the computer processing of personal data, by writing to BLI at the above address.

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Hypertext links on this blog to other websites shall not, under any circumstances, invoke the liability of the Bank or BLI. Their existence shall not constitute any approval or guarantee by the Bank or BLI of the content or the person operating the other website. Neither the Bank nor BLI are liable for their content.


The reproduction or representation, in whole or in part, of these pages, data or any other element constituting the blog, by any means or medium whatsoever, without the express authorisation of Banque de Luxembourg, shall constitute a breach of copyright.

Applicable law and jurisdiction

This blog is subject to Luxembourg law. The Bank and BLI undertake to comply with Luxembourg laws and regulations governing the operation of an internet website. Any dispute that may arise due to this website shall come under the exclusive jurisdiction of the district court (Tribunal d'Arrondissement) of and in Luxembourg, Grand Duchy of Luxembourg.

Interactivity charter

Users of the internet may read the articles published by Guy Wagner and, if they so wish, post a comment or ask him a question.

To post a question, readers of the website must be of majority age and have a valid email address.

Questions and comments from readers of the website must be related to the subject of the published article or concern the financial sphere and financial investments.

Guy Wagner reserves the right to consider messages (“posts”) before responding to them, censor their content, or not respond to questions, if he deems them inappropriate. Posts by readers of the website may not be contrary to decency, public order or the laws and regulations in force and are the exclusive responsibility of their author

Users of the internet are reminded that secrecy of correspondence is not guaranteed on the internet network and that it is the responsibility of each user of the internet to take appropriate measures to protect their data and/or software from contamination by viruses circulating on the internet.