“VANDENBULKE plays a crucial role in facilitating deals. Working with it has been a universally positive experience.”

Legal 500



We advise international clients in the design and implementation of their compensation plans and executives tax planning. We assist them in the translation of international incentive programs into the Luxembourg jurisdiction. We review and advise about the compliance of International Stock Option plan and other Employee Ownership plans in respect of Luxembourg law and optimize their tax treatments.

VANDENBULKE is a member of NAPP and contributes the Luxembourg chapter for “International Stock Plans: The Practitioner’s Guide To Exporting Employee Equity” (published by Aspen/WoltersKluver annually), the world’s leading monograph for multinational corporations seeking to implement their stock option and compensation benefit plans within Luxembourg.



Neumes are the ancestors of our Western and Eastern systems of musical notation, prior to the invention of five-line staff notation. The earliest neumes (from the Greek pneuma, i.e., breath) were inflective marks, in the form of symbols pointing up and down. These indicated the general direction but not necessarily the exact notes or rhythms to be sung. In the Middle Ages, a learning period of up to 10 years was necessary for mastering the huge repertoire of songs covering one full liturgical year. The use of these shorthand mnemonics could be invaluable if the singer knew the tune but did not know how to fit in the words or if his memory slipped a little…