Insights

Investment Services & Funds

AI in Investment Services: MIFID Considerations

This article is part of our EU AI Act series which explores the effect of the AI Act across various industries and sectors. Investment legislation can be split into two broad categories: investment funds and investment services. The former principally relates to UCITS, AIFMD and local laws which regulate asset management and their service providers. The latter relates to regulating financial instruments and the investment markets thereof. The interplay of AI with investment funds was discussed by our Firm in a series of six insights last year titled “AI and Funds” which can be read here. Hence, in this article in the ongoing…

Warren Ciantar and Mario Mizzi25th October 2024

Telecoms, Media & Technology

The AI Act’s Impact on Businesses Operating Within the EU

This article is part of our EU AI Act series which explores the effect of the AI Act across various industries and sectors. Introduction The first article (see link below) in this EU AI Act series provided, inter alia, a breakdown of the scope, applicability, timeline and risk levels of the AI Act, Regulation (EU) 2024/1689 (hereinafter referred to as the “Act”). The Act introduces significant obligations for all businesses developing or deploying AI that affect persons in the EU, with major fines for non-compliance. Crucially, the Act is extraterritorial in nature, since it also applies to businesses established in…

Andrea Theuma, Tessa Borg Bartolo and Sofia Said Salomone17th October 2024

Employment and Industrial Relations

Navigating the Future of Employment: The EU AI Act’s Revolutionary Impact on the Working World

This article is part of our EU AI Act series which explores the effect of the AI Act across various industries and sectors. Artificial Intelligence (AI) has revolutionized various industries, garnering considerable hype and widespread discussion. As AI technologies continue to evolve, their integration into various industries has profound implications, particularly for the labour market. The use of AI in employment raises critical questions about the possibility of job displacement, changes in skill requirements and ethical issues regarding bias, discrimination and privacy. Furthermore, AI can contribute to the creation of new employment opportunities. In response, the European Union (EU) has introduced the AI…

Klara Cachia and Christine Calleja9th October 2024

News Shipping, Yachting and Transport

Mamo TCV Advocates Supporting the Malta Maritime Summit

Mamo TCV Advocates is proud to support the Malta Maritime Summit, taking place during Malta Maritime Week from 7-11 October 2024. With the theme "The Voice of the Industry," this event will bring together key maritime stakeholders to discuss challenges and opportunities across sectors such as technology, regulations & compliance, the environment, and finance. Our partner, Dr Nicholas Valenzia, will be attending the summit and serving as a moderator for a panel discussion on Friday, 11th October.

Mamo TCV Advocates8th October 2024

News

Mamo TCV Sponsors Means of Transport for Deprived and Vulnerable Children in Tanzania

We are thrilled to announce some incredible news! As part of the Firm’s ongoing Corporate Social Responsibility (CSR) initiatives, and thanks to the generosity and contributions of the staff members at Mamo TCV, the firm has sponsored with others the purchase of a minivan to transport deprived and vulnerable children, including orphans and street children, to and from the Brottier Centre school in Dar es Salaam, Tanzania. Currently, some of these children walk 14 to 16 kilometres each day to attend school, and many are forced to stay home during extreme weather, especially the youngest and most vulnerable. These children…

Mamo TCV Advocates3rd October 2024

Telecoms, Media & Technology

The EU AI Act: A General Overview

This article is part of our EU AI Act series which explores the effect of the AI Act across various industries and sectors. Overview & Applicability Timeline The Artificial Intelligence Act (“AI Act” or “Regulation”), officially Regulation (EU) 2024/1689, is a groundbreaking legislative framework designed to address the benefits and risks of AI technologies. Since AI is becoming ubiquitously integrated into various industries, the AI Act aims to ensure that these technologies are deployed safely, ethically, and transparently by establishing rules for AI Systems throughout the European Union (“EU”). The AI Act entered into force across the EU, including Malta,…

Claude Micallef Grimaud and Nicole Bonett30th September 2024