Insights

Upcoming Deadline: Gender Balance on Boards

The 30 June 2026 deadline is fast approaching for in-scope listed companies to fulfil the gender balance targets laid down in Chapter 13 of the Malta Financial Services Authority (‘MFSA’)’s Capital Markets Rules (implementing Directive (EU) 2022/2381). These requirements do not apply to debt issuers and micro, small and medium-sized enterprises. What must be achieved? By 30 June 2026, companies must meet one of the following targets: At least 40% of non-executive directors are of the underrepresented sex; or At least 33% of all directors (executive and non-executive) are of the underrepresented sex. Reporting and disclosure obligations In addition to…

Christine Calleja and Klara Cachia10th June 2026

Banking & Finance

MFSA Enforcement and the Limits of Appeal Rights in Malta: Key Takeaways from the Phoenix Judgment

The Civil Court, First Hall (Constitutional Jurisdiction), in the judgment Phoenix Payments Limited (now Lazarus Long Limited) v the Malta Financial Services Authority and the State Advocate (Application Number 272/2021), delivered by the Honorable Madam Justice Rachel Montebello on 27 April 2026, examined the administrative enforcement powers of the Malta Financial Services Authority (“MFSA”) and, critically, whether the available appeal mechanism satisfies the right to a fair hearing. Phoenix’s Application Phoenix Payments Limited (subsequently renamed Lazarus Long Limited) (“Phoenix”), a financial institution licensed and regulated by the MFSA under the Financial Institutions Act (Chapter 376 of the Laws of Malta)…

Mamo TCV Advocates9th June 2026

Employment and Industrial Relations

The New Equal Pay Regulations 2026 Published: Implementing the EU Pay Transparency Directive in Malta

The introduction of the EU Pay Transparency Directive marked a significant shift in how organisations across the European Union approach pay transparency, workplace equality and gender pay gap reporting. Malta has now implemented the Directive through the new Equal Pay (Transparency and Reporting) Regulations 2026, published on 5 June 2026. Businesses are entering a new phase of employment law compliance in Malta, one that is more data-driven, structured and accountable than ever before. While equal pay obligations are not new, the way they are enforced is changing. Employers can no longer take a reactive approach. Instead, they will be expected…

Christine Calleja, Jeanine Mallia Schembri and Klara Cachia8th June 2026

Aviation

Mamo TCV Advocates to Attend Corporate Jet Investor Malta 2026

Mamo TCV Advocates will be attending the Corporate Jet Investor Malta Conference taking place on 9–10 June 2026 at the Westin Dragonara Resort, St Julian’s. Members of the firm’s aviation practice will be present at the conference, joining industry leaders and key stakeholders from across the international business aviation sector. CJI Malta has quickly established itself as a leading event for the business aviation community, bringing together operators, financiers, legal advisers and service providers to discuss the latest developments impacting the industry. The 2026 edition will focus on the challenges and opportunities facing aircraft management and charter, alongside broader trends…

Joshua Chircop5th June 2026

Employment and Industrial Relations

Can Seamen Claim Unfair Dismissal Before The Industrial Tribunal?

Introduction In a recent preliminary decision number 3174 decided on 22 April 2026, the Industrial Tribunal was faced with an unfair dismissal claim. This decision provided the Tribunal with an opportunity to consolidate the distinction between the employment law framework under the Employment and Industrial Relations Act (‘EIRA’), Chapter 452 of the Laws of Malta, and the specialised regime governing maritime workers under the Merchant Shipping Act, Chapter 234 of the Laws of Malta. Facts of the Case The claimant, employed under a ‘Seafarer Employment Agreement’, instituted proceedings before the Industrial Tribunal alleging that he had been unfairly dismissed by…

Klara Cachia and Justyne Falzon5th June 2026

Corporate and M&A

EU ‘28th Regime’ Explained: A New Framework for Company Incorporation in Europe

On the 18 March 2026, the European Commission (‘the Commission’) announced a new and harmonised corporate legal regime, ‘EU Inc.’ touted as the ‘28th regime’. It is the European Union’s (‘EU’) response to fragmentation faced by companies registered in EU countries, caused by divergent national corporate regulations and the absence of sufficiently harmonised EU-level rules. It is intended to reinforce the EU single market by removing residual internal barriers. This initiative targets stakeholder concerns raised during consultation activities. Since persistent barriers lead to problematic issues and cause companies, especially smaller businesses, to incur additional costs, the Commission hopes the proposal…

Edmond Zammit Laferla and Sarah Bonnici3rd June 2026