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Corporate and M&A

European Parliament Adopts a Resolution on the Restitution of Plundered Artwork

Due to growing public consciousness regarding the subject of artwork and cultural property plundered in times of war and colonialisation, the European Parliament has recently adopted a resolution asking for a harmonized system of laws aimed at regulating the restitution of such objects to their lawful owners.On the 17th January, 2019 the European Parliament voted resoundingly in favour of a resolution calling on the Union institutions and Member States to establish a legal framework encouraging the identification and recovery of artistic and cultural works. In particular, the resolution targets future transactions of those works which were obtained through confiscation or…
Mark Soler
15th February 2019
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Corporate and M&A

European Parliament Adopts a Resolution on the Restitution of Plundered Artwork

Due to growing public consciousness regarding the subject of artwork and cultural property plundered in times of war and colonialisation, the European Parliament has recently adopted a resolution asking for a harmonized system of laws aimed at regulating the restitution of such objects to their lawful owners.On the 17th January, 2019 the European Parliament voted resoundingly in favour of a resolution calling on the Union institutions and Member States to establish a legal framework encouraging the identification and recovery of artistic and cultural works. In particular, the resolution targets future transactions of those works which were obtained through confiscation or…
Mark Soler
15th February 2019
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Trusts, Foundations and Wealth Management

Family Trusts

This article was written by Veronica Grixti and Joshua Chircop.The main Maltese legislation regulating trusts in Malta, namely the Trusts and Trustees Act, Chapter 331 of the Laws of Malta ('the Act'), provides that a trust may be created to hold property settled by a settlor or settlors for the present and future needs of family members or family dependants, as defined hereunder, who are definite and can be ascertained ('the Family Trust').Pursuant to the Act, the Malta Financial Services Authority ('the MFSA') has drawn up Rules for Trustees of Family Trusts ('the Rules'), which regulate those companies in formation…
Veronica Grixti
17th March 2017