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The ‘New Deal for Consumers’ – better consumer protection within the EU Corporate and M&A

The ‘New Deal for Consumers’ – better consumer protection within the EU

On 11 April 2018, the European Commission adopted the New Deal for Consumers – a package composed of two proposals for Directives and a Communication.The proposed Directives concern: (i) representative actions for the protection of the collective interests of consumers, and the repeal of the Injunctions Directive; and (ii) amendments to the Unfair Contract Terms Directive, Price Indications Directive, Unfair Commercial Practices Directive and the Consumer Rights Directive.Whilst the first proposal is aimed at improving the tools to stop illegal practices and facilitate redress for consumers, the second is aimed at improving enforcement and modernising EU consumer legislation in light…
Annalies Muscat
17th April 2018
News_NDC.jpg
The ‘New Deal for Consumers’ – better consumer protection within the EU Corporate and M&A

The ‘New Deal for Consumers’ – better consumer protection within the EU

On 11 April 2018, the European Commission adopted the New Deal for Consumers – a package composed of two proposals for Directives and a Communication.The proposed Directives concern: (i) representative actions for the protection of the collective interests of consumers, and the repeal of the Injunctions Directive; and (ii) amendments to the Unfair Contract Terms Directive, Price Indications Directive, Unfair Commercial Practices Directive and the Consumer Rights Directive.Whilst the first proposal is aimed at improving the tools to stop illegal practices and facilitate redress for consumers, the second is aimed at improving enforcement and modernising EU consumer legislation in light…
Annalies Muscat
17th April 2018
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Further Cryptocurrency Exchanges Relocating to Malta Telecoms, Media & Technology

Further Cryptocurrency Exchanges Relocating to Malta

OKEX Technology Company Limited, commonly referred to as "OKEx", a crypto currency exchange with its main operations and head offices situated in Hong Kong, has announced that it will be expanding its operations to Malta. OKEx operates an online digital asset trading exchange platform which facilitates the deposit and withdrawal of digital assets by customers. OKEx also enables customers to engage in trading activities for spot trading and future contracts trading in cryptocurrencies. Malta has witnessed a wave of interest internationally in the cryptocurrency and DLT industry, as evidenced by the relocation of Binance and OKEx to Malta, which further strengthens…
Ian Busuttil
17th April 2018
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Further Cryptocurrency Exchanges Relocating to Malta Telecoms, Media & Technology

Further Cryptocurrency Exchanges Relocating to Malta

OKEX Technology Company Limited, commonly referred to as "OKEx", a crypto currency exchange with its main operations and head offices situated in Hong Kong, has announced that it will be expanding its operations to Malta. OKEx operates an online digital asset trading exchange platform which facilitates the deposit and withdrawal of digital assets by customers. OKEx also enables customers to engage in trading activities for spot trading and future contracts trading in cryptocurrencies. Malta has witnessed a wave of interest internationally in the cryptocurrency and DLT industry, as evidenced by the relocation of Binance and OKEx to Malta, which further strengthens…
Ian Busuttil
17th April 2018
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The MFSA issues Consultation Paper on proposed Financial Instrument Test applicable to DLT assets Telecoms, Media & Technology

The MFSA issues Consultation Paper on proposed Financial Instrument Test applicable to DLT assets

The Malta Financial Services Authority ("MFSA") has issued a Consultation Paper on the proposed introduction of a "Financial Instrument Test" in line with a previous MFSA Discussion Paper issued on 30 November 2017 on Initial Coin Offerings, Virtual Currencies and Related Service Providers.The proposed Financial Instrument Test will be crucial in determining whether a Distributed Ledger Technology ("DLT") asset, which was previously referred to as "Virtual Currency", will fall within current EU and national financial services legislation and regulatory frameworks, or within the ambit of the proposed Virtual Financial Assets Act ("VFAA") or will otherwise be exempt from regulation. The…
Ian Busuttil
16th April 2018
News_Blockchain.png
The MFSA issues Consultation Paper on proposed Financial Instrument Test applicable to DLT assets Telecoms, Media & Technology

The MFSA issues Consultation Paper on proposed Financial Instrument Test applicable to DLT assets

The Malta Financial Services Authority ("MFSA") has issued a Consultation Paper on the proposed introduction of a "Financial Instrument Test" in line with a previous MFSA Discussion Paper issued on 30 November 2017 on Initial Coin Offerings, Virtual Currencies and Related Service Providers.The proposed Financial Instrument Test will be crucial in determining whether a Distributed Ledger Technology ("DLT") asset, which was previously referred to as "Virtual Currency", will fall within current EU and national financial services legislation and regulatory frameworks, or within the ambit of the proposed Virtual Financial Assets Act ("VFAA") or will otherwise be exempt from regulation. The…
Ian Busuttil
16th April 2018