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Philippe Noeltner



Noeltner Philippe
Philippe Noeltner



Philippe advises on capital markets and banking & finance matters. His area of practice notably includes derivatives, securitisation and banking regulatory matters (MiFID II, EMIR and CSD-R).

He is a member of the Luxembourg Banking Lawyers’ Association (ALJB), the Digital Strategy Committee and the “Distributed Ledger Technology” working group of the Luxembourg Bankers' Association (ABBL). He is also an active member of our FinTech task force, supporting clients from established financial institutions, incumbents and start-ups in developing innovative products.

Philippe holds a Master’s Degree in Global Business Law and Governance conjointly obtained from the Sciences Po Law School, Columbia Law School and Paris 1 Panthéon-Sorbonne University. He also holds a Bachelor of Commerce obtained from the John Molson School of Business in Montreal, Canada. Philippe joined Allen & Overy in 2015.

News & insights

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News: 05 MARCH 2021

Allen & Overy advises Aviva on the disposal of its insurance businesses in Italy

Allen & Overy has advised Aviva on the disposal of its insurance businesses in Italy. The deal, announced on 4 March 2021, is one of the most significant M&A deals in the insurance sector in recent…

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Publications: 05 MARCH 2021

Podcast: How does a material adverse change clause work in these uncertain times?

The enforceability of material adverse change clauses (“MAC clauses”) in commercial contracts is an area which has come under increased scrutiny in the wake of the Covid-19 pandemic.

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Publications: 22 JANUARY 2021

Luxembourg’s legal framework has just been amended to recognise the use of DLT for issuing and settling dematerialised securities

Bill 7637 (to be referred to as the Blockchain II Act 2021) was approved by the Luxembourg Parliament on 21 January 2021. The Blockchain II Act 2021 enables (a) the issuance of dematerialised…

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Publications: 28 SEPTEMBER 2020

Podcast: Bill 7637 - a new era for crypto-securities?

Luxembourg is about to add the missing piece to its legislative framework to enable the issuance of crypto-securities using decentralised ledger technology (“DLT”).

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Admitted as Avocat à la Cour, Luxembourg, 2019

Admitted as Avocat, Luxembourg, 2016


Master 2, Global Business Law and Governance, Sciences Po Paris Law School, Columbia University and Paris 1 Panthéon-Sorbonne, 2015

Master 1, Economic law, Sciences Po Paris Law School, 2013

Published work

  • «Projet de loi 7637: une nouvelle ère DLT pour les titres dématérialisés », AGEFI Luxembourg, September 2020 (co-author)
  • "Idiosyncrasies of Luxembourg law governed securities", Bulletin Droit & Banque, Extrait n°66 published by ALJB, June 2020 (co-author)
  • "Derivatives trading under EMIR REFIT: focus on Luxembourg AIFs and UCITSs", AGEFI Luxembourg, October 2019 (co-author)
  • "A Guide Through the Common Features of Digital Asset Generating Events", Working Paper published by the Luxembourg House of Financial Technology, May 2019 (Co-author)
  • "Changes in reporting obligations for investment funds under EMIR", AGEFI Luxembourg, September 2018 (co-author)
  • "Best practice: dealing with HY in Luxembourg", International Financial Law Review, 2018 (co-author)
  • Comfort letters (loan financing) Q&A: Luxembourg, Practical Law - Cross-border Loan financing, Thomson Reuters, 2017 (co-author)