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Banking & FinanceNews

MFSA Issues Guidance on the Charging of Negative Interest

The MFSA has issued a circular addressed to credit institutions licensed in terms of the Banking Act, 1994, whereby, following consultation with the Central Bank of Malta, it expressly prohibits the imposition of negative interest rates on Euro denominated deposits. This stops any emerging practice that may have been recently witnessed in the local banking sector.Credit institutions who have already entered into agreements entailing such negative interest rates, need to rectify their position within a 3-month transition period. Subject to certain conditions, a maintenance fee may be charged in case of excessively high balances.Click here to access The Circular. Disclaimer This document…
Roberta Peresso
28th September 2018
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News

Mamo TCV sponsors the first BlockFinance Session

Mamo TCV Advocates sponsored the first session of the BlockFinance series which took place on the 31st July, 2018 at the Corinthia Palace Hotel, Attard. Dr Roberta Peresso, a senior associate in the Fintech Department, sat on the panel together with Hon. Silvio Schembri, Parliamentary Secretary for Financial Services and Dr Christopher Buttigieg, Director at the MFSA. The panel discussion provided delegates with an update on recent developments in blockchain and cryptocurrency in Malta. Roberta shared the Firm's experience so far on the subject and expressed her views on the challenges which the sector may be facing in the near…
MamoTCV Advocates
3rd August 2018
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News

Mamo TCV sponsors the first BlockFinance Session

Mamo TCV Advocates sponsored the first session of the BlockFinance series which took place on the 31st July, 2018 at the Corinthia Palace Hotel, Attard. Dr Roberta Peresso, a senior associate in the Fintech Department, sat on the panel together with Hon. Silvio Schembri, Parliamentary Secretary for Financial Services and Dr Christopher Buttigieg, Director at the MFSA. The panel discussion provided delegates with an update on recent developments in blockchain and cryptocurrency in Malta. Roberta shared the Firm's experience so far on the subject and expressed her views on the challenges which the sector may be facing in the near…
MamoTCV Advocates
3rd August 2018
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NewsTelecoms, Media & Technology

MFSA issues consultation paper with the Financial Services Industry with Regards to the Virtual Financial Assets Regulations to be Issued under the Virtual Financial Assets Act

The Malta Financial Services Authority ("MFSA") issued a consultation paper addressed to the financial services industry with regards to the Virtual Financial Assets Regulations to be issued under the Virtual Financial Assets Act ("VFA Act")  The aim of the proposed Regulations is to safeguard financial stability, promote market integrity and ensure investor protection by introducing the following: ​Exemptions:The proposed Regulations will set out a list of persons who shall be exempt from the requirement of a VFA services licence in terms of the VFA Act, some exemptions may be automatically applicable, others will need to be notified to the MFSA…
Ian Busuttil
9th July 2018
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NewsTelecoms, Media & Technology

MFSA issues consultation paper with the Financial Services Industry with Regards to the Virtual Financial Assets Regulations to be Issued under the Virtual Financial Assets Act

The Malta Financial Services Authority ("MFSA") issued a consultation paper addressed to the financial services industry with regards to the Virtual Financial Assets Regulations to be issued under the Virtual Financial Assets Act ("VFA Act")  The aim of the proposed Regulations is to safeguard financial stability, promote market integrity and ensure investor protection by introducing the following: ​Exemptions:The proposed Regulations will set out a list of persons who shall be exempt from the requirement of a VFA services licence in terms of the VFA Act, some exemptions may be automatically applicable, others will need to be notified to the MFSA…
Ian Busuttil
9th July 2018
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Intellectual PropertyNews

Trademarking Shape-Colour Combinations: The CJEU Pronounces Itself on Christian Louboutin’s Famous Red Sole

Some readers may be familiar with the 2011 case filed by Mr. Louboutin against fashion giants Yves Saint Laurent over the former's US trademark registration for his famous red sole.Here is one of the more well-known representations of the mark, as filed with trademark authorities the world over: The New York District Court, adopted a view to which fashion lovers might be more inclined – namely that:"The law should not countenance restraints that would interfere with creativity and stifle competition by one designer, while granting another a monopoly invested with the right to exclude use of an ornamental or functional…
Jonathan Tonna
19th June 2018