Fair value regimes under Lux GAAP Accounting Law of 19 December 2002

Inter-company training

Who is the training for?

  • Members of accounting departments
  • Accountants, accounting staff and fiduciary staff
  • Internal and external auditors
  • Financial controllers
  • Financial analysts

Level reached



2,00 hours(s)

Language(s) of service



  • Are investments in affiliated undertakings eligible to Fair Value ("FV") regime Lux GAAP? What about buildings?
  • What would be the impact on my disclosures?
  • Where shall I record the unrealised gain? Is this gain available for distribution? Aren't they any derogations?

That's the kind of questions Lux GAAP practitioners may wonder.

Since 2010, the legislator introduced the possibility to opt for the FV regimes in the 19 December 2002 accounting Law: the annual accounts prepared on that basis are still compliant with Lux GAAP requirements.

This 2 hours training will give you an overview of the different regimes as well as answers to frequently asked questions regarding the disclosure, distribution and allocation impacts induced by the implementation of a FV regime.
By the end of the course, you will be able to:

  • understand the different FV regimes existing in accounting Law;
  • explain the limits and conditions to refer to FV regimes under Lux GAAP;
  • understand the practical aspects in relation with the FV regimes.


  • Introduction
  • Lux GAAP FV regimes: overview
  • Lux GAAP FV regimes: practical aspects

Additional information

This training is coordinated by Alexandre Leleux, Partner in the accounting and tax compliance practice of PwC Luxembourg and Grégory Beauchesne, Senior Manager in the Accounting Technical team, in charge of the Luxembourg GAAP trainings.
The training will be presented by experts in the accounting field.

Alexandre is a partner of our ECF practice, active in the accounting and tax compliance of international tax structures, operational companies, Real Estate and Private Equity sectors. He has over 16 years of experience in audit and accounting.
His primary area of expertise is the preparation of financial statement under Lux GAAP, conversion from GAAP to GAAP and production of various reporting (CSSF, BCL,...) to ensure the accounting compliance of operational companies, management companies and international and private equity structures.
Alexandre is also the head of the Lux GAAP technical team of PwC Luxembourg advising multinational clients on the accounting queries.
He is member of the editorial Board of ACE, an accounting, tax and audit professional magazine in Luxembourg.

Grégory is a senior manager in the accounting and tax compliance practice of PwC Luxembourg and member of the Luxembourg Technical Accounting Group where he deals on a day to day basis with complex Lux GAAP transactions. He has been working at PwC since 12 years taking care of the preparation of annual accounts and related tax returns of broard and international client portfolio (i.e. Real Estate, Private Equity, Management Companies, Holding...). He is Certified Chartered Accountant in Luxembourg.

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