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Staff at Mamo TCV Advocates make Donation to Hospice Malta

As part of the firm’s Pink October initiatives, members of staff at Mamo TCV Advocates collected donations for Hospice Malta  during a dress-down breakfast held on 6th October and a treasure hunt that was held on 20th October. Hospice Malta is a non-profit organization dedicated to providing palliative care and support to individuals facing serious illness. Their compassionate team works tirelessly to improve the quality of life for patients and their families, ensuring comfort and dignity during challenging times. Anyone interested in supporting Hospice Malta or learning more about their vital work can reach out to them at www.hospicemalta.org
Mamo TCV Advocates
8th November 2023
Insurance & ReinsuranceInvestment Services & FundsRegulatory Compliance

Regulatory Compliance Quarterly Update | Q3 2023

We are pleased to issue our sixth edition of the Regulatory Compliance Quarterly Updates. These updates are intended to keep Maltese regulated entities informed of regulatory changes and developments taking place in the local financial services space. In this issue, we focus on the sector specific and cross-sectoral regulatory updates relating to investment services, asset management, insurance undertakings, and insurance intermediaries. Our sixty Regulatory Compliance Quarterly Update can be found here.The Regulatory Compliance Quarterly Update does not purport to give legal, regulatory,financial or tax advice. Should you require further information or assistance, please do not hesitate to contact Michael Psaila,…
Mamo TCV Advocates
6th November 2023
Corporate and M&A

The Concept of a Share Buyback Under the Companies Act

A share buyback essentially occurs when a company acquires some of its own shares through means other than by subscription. Such acquired shares are colloquially referred to as treasury shares and allow for flexibility with regards to the company’s capital structure since the sale thereof does not constitute an allotment or issue of shares and thus the restrictions imposed thereon do not apply.1 The procedure which a company must necessarily undertake in order to validly buy back its own shares is outlined in Articles 106 and 107 of the Companies Act (Chapter 386 of the Laws of Malta) (the “Companies…
Clarice Debono and Joshua Chircop
31st October 2023
Antitrust, Competition and Trade

The Rise of the Influencer: Consumer Protection and #Sponsored Content

Are you an influencer? Do you earn money or other benefits by creating content on social media? Influencers that are offered deals to advertise a brand’s products over social media platforms will qualify as traders and should thus disclose their adverts in a transparent manner. Over the coming weeks, the European Commission will be screening online posts to identify any sponsored posts uploaded to social media by influencers which could mislead consumers. This article will briefly consider your obligations, as an influencer, on the digital market. The rise of social media has given brand owners the ability to push their…
Laura Spiteri
24th October 2023
Corporate and M&A

Sanctions 4: A General Overview of the EU Sanctions Imposed against Russia

Following from the recent geopolitical developments in Ukraine, there has been a heightened interest in sanctions, specifically, those sanctions being imposed against Russia. Through this series of articles, we aim to provide a general overview of the notion of sanctions, consider the local framework through which sanctions function in Malta, illustrate the general obligations which subject persons are required to observe vis-à-vis sanctions and discuss a general overview of the sanctions imposed by the EU against Russia. In this fourth article, we shall consider some salient aspects on the EU sanctions imposed on Russia. A common misconception on sanctions imposed…
Edmond Zammit Laferla and Zachary Galea
23rd October 2023
Bridging the Gender Pay Gap…New EU Rules for Pay Transparency
Corporate and M&A

Landmark Judgment – Property Devolving on the Government After a Company is Rendered Defunct Breaches Human Rights

The unconstitutional nature of property devolving on the Government of Malta following the procedure to render a company defunct  Introduction  On 12 October 2023, the First Hall of the Civil Court in its Constitutional Jurisdiction delivered a landmark ruling in the case Carmel Cortis et vs. Office of the Prime Minister et. Essentially, the Court held that the procedure whereby property devolves upon the Government, as part of the provisions set out in the Companies Act to render a company defunct1, is unconstitutional, draconian and disproportionate because it breaches the fundamental right to property enshrined in the Constitution and in…
Matthew Muscat
19th October 2023