Skip to main content
Category

Corporate and M&A

The Malta Business Registry has introduced some key changes to its online company register portal following a judgement of the Court of Justice of the European Union.
Corporate and M&A

Malta Business Registry Updates Public Access to Beneficial Ownership Information

The Malta Business Registry has published a notice informing the public of a key change to its online website company register portal. Access by the general public to the beneficial ownership details of companies registered with the Malta Business Registry has been removed following a judgement of the Court of Justice of the European Union. The decision, taken on the 22nd November 2022, considered provisions of the Anti-Money-Laundering Directive (Directive (EU) 2015/849 of the European Parliament) wherein the Register of Beneficial Ownership had been established and that information on the beneficial owners of registered entities are to be entered and…
Zachary Galea
1st December 2022
A brief overview of the Insolvency Practitioners Bill
Corporate and M&A

The Proposed Insolvency Practitioners Bill

The Insolvency Practitioners Bill (‘the Bill’) is at its second reading in Parliament. The Bill is intended to partially transpose EU Directive 2019/1023 (‘the Directive’) on preventive restructuring frameworks, on discharge of debt and disqualifications, and on measures to increase the efficiency of procedures concerning restructuring, insolvency and discharge of debt. The Bill regulates the profession of the Insolvency Practitioner (‘the IP’), whose role is envisaged by the Directive to be one which is not subject to mandatory appointment in all cases, but which is left at the discretion of each Member State. The Pre-Insolvency Bill provides that a preventive…
Mikiel Calleja and Tessa Borg Bartolo
30th November 2022
The Proposed Pre-Insolvency Bill A review of the relevant sections of the Pre-Insolvency Bill
Corporate and M&A

The Proposed Pre-Insolvency Bill

The Pre-Insolvency Bill (‘the Bill’) is at its second reading in Parliament. The Bill is being proposed as an Act to partially transpose EU Directive 2019/1023 (‘the Directive’) on preventive restructuring frameworks, on discharge of debt and disqualifications, and on measures to increase the efficiency of procedures concerning restructuring, insolvency and discharge of debt. In short, new legal tools are being provided in a bid to rescue viable businesses in distress from entering into a state of insolvency. The Bill is organised in different parts including early warning tools and crisis prevention, the entry into a preventive restructuring procedure and…
Mikiel Calleja and Tessa Borg Bartolo
9th November 2022
startupsinmalta.com
Corporate and M&A

Budget 2023: Government Announces New Measures Directed at Start-ups

The Government of Malta reaffirmed its commitment to establishing Malta as a go-to jurisdiction for start-ups in its Budget for 2023. During the budget speech that was delivered on 24th October 2022, the Minister for Finance and Employment, Hon. Clyde Caruana announced that a one-stop shop for start-ups is set to be launched within the “Start in Malta” programme currently run by the Malta Enterprise. This one-stop shop will seek to ensure that start-ups receive all the help necessary from pre-incorporation stage to assistance with applications for schemes on offer by the Malta Enterprise as well as by other entities.…
Martina Bonnici
26th October 2022
New Insolvency Bills Proposed in Parliament
Corporate and M&ALegal Update

New Insolvency Bills Proposed in Parliament

Three bills are being read in Parliament proposing new insolvency-related legislation and amendments: The Pre-Insolvency Bill; The Insolvency Practitioners Bill; and The Commercial Code (Amendment) Bill. The Pre-Insolvency Bill is being proposed to partially transpose EU Directive 2019/1023 on preventive restructuring frameworks, on discharge of debt and disqualifications, and on measures to increase the efficiency of procedures concerning restructuring, insolvency and discharge of debt, which amends Directive 2017/1132. This proposed legislation provides for an updated legal framework in which emphasis is placed on early warning signs of insolvency and restructuring procedures directed at avoiding insolvency, as opposed to legislation regulating…
Mamo TCV Advocates
25th October 2022
Corporate Governance Code for Regulated Entities
Corporate and M&ATessa Borg Bartolo

MFSA Publishes Corporate Governance Code for Regulated Entities

The Feedback Statement on the final Corporate Governance Code (hereinafter referred to as the “CGC” or the “Code”), accompanying the publication of the final CGC dated 5th August 2022 outlines the feedback received from stakeholders and provides the MFSA’s way forward in response to the feedback it received. The CGC is a code issued by the MFSA intended to enhance the governance, culture and conduct of MFSA Authorised Entities . The CGC is intended to apply to all Authorised Entities , regardless of their size, apart from Listed Entities. The CGC outlines principles of good corporate governance in the following…
Petra Attard
10th August 2022