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European Union Blockchain Observatory and Forum Publishes its First Thematic Report NewsTelecoms, Media & Technology

European Union Blockchain Observatory and Forum Publishes its First Thematic Report

On the 16th of October 2018, the European Union Blockchain Observatory and Forum published its first thematic report which explores the provisions of the General Data Protection Regulation in light of the rise of one of the world's most disruptive new technologies, the Blockchain. The Report outlines the main concerns relating to the co-existence of the provisions of the GDPR and blockchain technology, which have to date not been conclusively settled by the data protection authorities, the European Data Protection Board (EDPB) or in court. It is important not to assume that using blockchain technology automatically makes an application more…
MamoTCV
14th January 2019
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European Union Blockchain Observatory and Forum Publishes its First Thematic Report NewsTelecoms, Media & Technology

European Union Blockchain Observatory and Forum Publishes its First Thematic Report

On the 16th of October 2018, the European Union Blockchain Observatory and Forum published its first thematic report which explores the provisions of the General Data Protection Regulation in light of the rise of one of the world's most disruptive new technologies, the Blockchain. The Report outlines the main concerns relating to the co-existence of the provisions of the GDPR and blockchain technology, which have to date not been conclusively settled by the data protection authorities, the European Data Protection Board (EDPB) or in court. It is important not to assume that using blockchain technology automatically makes an application more…
MamoTCV
14th January 2019
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Getting the Deal Through: Dispute Resolution 2018 News

Getting the Deal Through: Dispute Resolution 2018

Following last year's participation in the online issue of "Dispute Resolution", an annual comparative law guide published by Getting the Deal Through, Mamo TCV was invited to contribute the Malta chapter to both the printed and online 2018 editions of this publication.Getting the Deal Through was the first legal series to present the concept of a "question and answer format", a particularly convenient way to compare how different jurisdictions regulate the same practice area. The guides are particularly useful for law firms, universities, regulators, and corporate counsel as a reliable introduction to various subject matters. The series now covers 109…
Joseph Camilleri
2nd October 2018
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Getting the Deal Through: Dispute Resolution 2018 News

Getting the Deal Through: Dispute Resolution 2018

Following last year's participation in the online issue of "Dispute Resolution", an annual comparative law guide published by Getting the Deal Through, Mamo TCV was invited to contribute the Malta chapter to both the printed and online 2018 editions of this publication.Getting the Deal Through was the first legal series to present the concept of a "question and answer format", a particularly convenient way to compare how different jurisdictions regulate the same practice area. The guides are particularly useful for law firms, universities, regulators, and corporate counsel as a reliable introduction to various subject matters. The series now covers 109…
Joseph Camilleri
2nd October 2018
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MFSA Issues Guidance on the Charging of Negative Interest 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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MFSA Issues Guidance on the Charging of Negative Interest 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