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Employment and Industrial Relations

Harsher Penalties Introduced for Harassment and Victimisation at Work

The Gender-Based Violence and Domestic Violence Act of 2018, which repealed the Domestic Violence Act, introduced changes to the Employment and Industrial Relations Act (Chapter 452 of the Laws of Malta). By means of the amendments, harsher penalties were introduced in the case of harassment and victimisation in the employment context.The fine (multa) in case a person is found guilty of the offence of harassment or victimisation was increased from a maximum of €2,329.37 to a fine of not less than €5,000 and not more than €10,000 and the imprisonment term (to which the person found guilty could be liable…
Christine Calleja
6th June 2018
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Insurance & Reinsurance

EIOPA Opinion on the solvency position of insurers and reinsurers in the light of Brexit

On the 18th May 2018, the EIOPA issued an Opinion on the solvency position of insurers and reinsurers in the light of Brexit.The withdrawal of the UK from the EU might have an impact on the solvency position of insurers and reinsurers.Technical provisions, own funds, and capital requirements of insurance and reinsurance undertakings established in the EU (other than the UK) can change when the UK becomes a third country (non-EU), for the purposes of applying the Solvency II framework. Solvency II and other financial regulations distinguish between activities inside and outside the EU.This Opinion underlines the importance for national…
Romina Bonnici
5th June 2018
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Insurance & Reinsurance

EIOPA Opinion on the solvency position of insurers and reinsurers in the light of Brexit

On the 18th May 2018, the EIOPA issued an Opinion on the solvency position of insurers and reinsurers in the light of Brexit.The withdrawal of the UK from the EU might have an impact on the solvency position of insurers and reinsurers.Technical provisions, own funds, and capital requirements of insurance and reinsurance undertakings established in the EU (other than the UK) can change when the UK becomes a third country (non-EU), for the purposes of applying the Solvency II framework. Solvency II and other financial regulations distinguish between activities inside and outside the EU.This Opinion underlines the importance for national…
Romina Bonnici
5th June 2018
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Shipping, Yachting and Transport

MIA CPE Event – The formation and support of shipping and aviation companies – A legal aspect

Dr Nicholas Valenzia and Dr Denise Abela will deliver a presentation at a CPE event organised by The Malta Institute of Accountants, which will be held on the 15 June 2018 at the Tower Training Centre, Swatar.The event will focus on the key elements relating to companies involved in the ship/aircraft ownership and operation, including aspects relating to eligibility of registration of ships and aircraft in Malta. The seminar will also give a general overview on modern trends in ownership and operational structuring such as leasing. For further details on the event, kindly view the following link:http://www.miamalta.org/CPEEventDetails.aspx?cpeeid=10332
Nicholas Valenzia
4th June 2018
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Shipping, Yachting and Transport

MIA CPE Event – The formation and support of shipping and aviation companies – A legal aspect

Dr Nicholas Valenzia and Dr Denise Abela will deliver a presentation at a CPE event organised by The Malta Institute of Accountants, which will be held on the 15 June 2018 at the Tower Training Centre, Swatar.The event will focus on the key elements relating to companies involved in the ship/aircraft ownership and operation, including aspects relating to eligibility of registration of ships and aircraft in Malta. The seminar will also give a general overview on modern trends in ownership and operational structuring such as leasing. For further details on the event, kindly view the following link:http://www.miamalta.org/CPEEventDetails.aspx?cpeeid=10332
Nicholas Valenzia
4th June 2018
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Insurance & Reinsurance

Mamo TCV participates in FinanceMalta Annual Conference held on the 17th May 2018

Mamo TCV participated in the FinanceMalta Annual Conference which took place on the 17th May 2018 at the Hilton Conference Centre, St Julians.Ms. Romina Bonnici – Senior Manager, Regulatory & Compliance represented the firm as a Panellist on the Panel Discussion dealing with the Insurance Distribution Directive 2016/97.The Panel Discussion provided an overview of this Directive and its main changes compared to the Insurance Mediation Directive 2002/92/EC with the discussion focusing on its implementation and relevance to the Maltese market.
Romina Bonnici
4th June 2018