Category

Legal Updates

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Professional Investor Funds – amended application Legal UpdatesNews

Professional Investor Funds – amended application

In a circular dated the 18th of March 2022, the Malta Financial Services Authority ("MFSA") issued a circular titled: Publication of a Revised Application Form for Professional Investor Funds ("PIFs").In its circular issued earlier in 2021, the MFSA outlined that the new application form is part of a wider update to consolidate the licensing processes of various Collective Investment Schemes authorised by the MFSA. Although PIFs do not have passporting rights, this type of fund remains the most efficient investment vehicle for hedge fund managers who are targeting professional investors with a higher risk tolerance through a more dynamic regulatory approach.The…
MamoTCV Advocates
28th March 2022
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MFSA Update: PMDR Notifications to be Filed Online Capital MarketsLegal Updates

MFSA Update: PMDR Notifications to be Filed Online

Persons discharging managerial responsibilities ('PMDRs'), or persons closely associated with them, are now required to submit PMDR notifications through the Malta Financial Services Authority's ('MFSA') online form. In terms of the Market Abuse Regulation (Regulation (EU) No 596/2014, hereinafter the 'Regulation'), PMDRs and persons closely associated with them are required to notify the issuer and the MFSA of every transaction conducted on their own account relating to the shares or debt instruments of that issuer once the total value of transactions executed in a calendar year exceeds €5,000. It is important to note that such notifications must be made by…
MamoTCV Advocates
13th January 2022
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Mamo TCV Delivers seminar on Company Secretary at Society Education Event Corporate and M&ALegal Updates

Mamo TCV Delivers seminar on Company Secretary at Society Education Event

On 30th November 2021, Dr Joshua Chircop delivered a seminar regarding the Duties of the Company Secretary on behalf of Mamo TCV Advocates on the invitation of Society Education. The presentation was split into three parts, with the first examining the appointment and removal of the company secretary. The second part focused on the statutory functions and responsibilities of the company secretary together with the holding of general meetings and board meetings. The third part of the seminar focused on the responsibilities of the company secretary under VAT legislation together with salient considerations under the Prevention of Money Laundering Act and…
MamoTCV Advocates
7th December 2021
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Mamo TCV Participates in Malta Law Students’ Society Seminar Legal Updates

Mamo TCV Participates in Malta Law Students’ Society Seminar

Joshua Chircop, an Associate in the firm's corporate and aviation practice groups, was invited to speak at the University of Malta by the Għaqda Studenti Tal-Liġi (GħSL) (Malta Law Students' Society). Dr Chircop joined fellow legal practitioners on a panel of speakers sharing their experiences as students and the early years of their profession. The speakers shared their memories of their first days as freshers, and what inspired them to choose the legal profession as a career. They also shared some useful tips and tricks of how one might handle the challenges of the law course. The speakers also discussed…
MamoTCV Advocates
14th October 2021
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Unfair Trading Practices Regulations in the Food Industry now in Force Legal Updates

Unfair Trading Practices Regulations in the Food Industry now in Force

On 18 June 2021, the Unfair Trading Practices in the Food Supply Chain Regulations (Legal Notice 266 of 2021 and hereinafter the 'UTP Regulations'), transposing Directive 2019/633 of the European Parliament and of the Council of 17 April 2019 on unfair trading practices in business-to-business relationships in the agricultural and food supply chain, came into force.The UTP Regulations aim to combat practices that deviate from commercial conduct that is contrary to good faith and fair dealing and which are unilaterally imposed by one trading party onto another. They list several unfair trading practices that are prohibited in relations between buyers…
MamoTCV Advocates
6th July 2021
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Annual Leave Provisions in the Organisation of Working Time Regulations Amended Once Again Legal UpdatesNews

Annual Leave Provisions in the Organisation of Working Time Regulations Amended Once Again

Legal Notice 59 of 2021 has amended the annual leave provisions in the Organisation of Working Time Regulations (S.L. 452.87). With effect from the 1st of January 2021, the days of annual leave have been reduced from 27 days to 24 days but employees shall be entitled to an additional day of annual leave in respect of public or national holidays falling on a Saturday, Sunday or weekly day of rest. Disclaimer This document does not purport to give legal, financial or tax advice. Should you require further information or legal assistance, please do not hesitate to contact info@mamotcv.com
MamoTCV Advocates
25th February 2021