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Covid19

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COVID19 MeasuresLegal UpdatesNews

COVID-19 Update: Extension of Legal Times

Due to the COVID-19 outbreak, the Superintendent of Public Health has issued Legal Notice 75 of 2020 entitled 'Suspension of Legal Times relating to Promise of Sale Agreements, Notarial and other related matters (Epidemics and Infectious Diseases) Order, 2020' on 17 March 2020.The Superintendent of Public Health has ordered the closure of all courts. Through this Legal Notice, the Superintendent of Public Health has also suspended the running of all the legal terms imposed on notaries public by law with regard to the registering of any deed, will, act or private writing, or any period within which notaries public have…
MamoTCV Advocates
18th March 2020
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Corporate and M&ACOVID19 MeasuresLegal UpdatesNews

COVID-19 Update: Closure of Public Places

Due to the COVID-19 outbreak, the Superintendent of Public Health issued Legal Notice 76 of 2020 entitled 'Closure of Places Open to the Public Order, 2020' on 17 March 2020. The Legal Notice orders that all bars, restaurants, cafeterias, snack bars, cinemas, gyms, museums, exhibitions, clubs, discotheques, night clubs, open-air markets, indoor swimming pools, the national swimming pool, gaming premises – including controlled gaming premises, bingo halls, casinos, gaming parlours, lotto booths and betting shops be closed due to the outbreak. This notwithstanding, the Legal Notice allows restaurants, snack bars and kiosks to continue to provide their delivery and take-away…
MamoTCV Advocates
18th March 2020
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COVID19 MeasuresInsurance & Reinsurance

MFSA issues circulars in the light of COVID-19 outbreak

Amidst the constant unfolding of the situation surrounding the COVID-19 outbreak, the Malta Financial Services Authority ("MFSA") has recently issued a number of circulars targeted at the local financial services sector in general and also sector specific.  The following is an overview of the COVID-19 related circulars issued by the MFSA between the 10th March and the 13th March 2020: A.MFSA General Circularsa)MFSA expects licensed firms to have in place COVID-19 Contingency and Business Continuity PlansOn the 10th March 2020, MFSA issued a general circular applicable to all local financial services reguslated entities highlighting the MFSA expectations that regulated firms take…
Romina Bonnici
17th March 2020
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COVID19 MeasuresImmigration

Identity Malta Agency – COVID-19: Current Implemented Measures

With respect to the outbreak of COVID-19, Identity Malta Agency have communicated the below information, which shall be implemented with immediate effect:1. Customer Care DeskThe customer care desk will not be engaging in direct contact with individuals. Nonetheless, should assistance be required, any queries may be forwarded to eresidence.ima@gov.mt or call on 00356 2590 4800.2. Third country nationals and the single permitAny employee, whose residence card is set to expire between 13th March and 31st March, shall communicate this with their employer who is to carry out the renewal through Identity Malta's online platform. Identity Malta will only accept applications…
Julian Fenech Adami
16th March 2020
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COVID19 MeasuresEmployment and Industrial Relations

Covid 19 – Employment Measures

COVID 19 – Employment MeasuresThe coronavirus has started taken its toll on Maltese business with many employers, especially those in the tourism and entertainment industry, having to shut down their operations temporarily. This article addresses the main queries which are being asked by employers in view of the current situation. What is quarantine leave?On the 13th March 2020, Legal Notice 62 of 2020 (the Minimum Special Leave Entitlement (Amendment) Regulations) came into force to make provision for quarantine leave. Quarantine leave is defined as "leave to be granted to the employee without loss of wages in such cases where the…
Christine Calleja
16th March 2020
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Banking & FinanceCOVID19 Measures

MFSA Issues Circular to Credit Institutions on Temporary Capital and Operational Relief in Reaction to Coronavirus (COVID-19) – 13th March 2020

In a circular issued following the press release published by the European Central Bank ("ECB") on 12th March, the MFSA informed licensed credit institutions and the general public that the measures introduced by the ECB in terms of the aforementioned press release are to apply in their entirety to all credit institutions licensed under the Banking Act (Chapter 371 of the laws of Malta) with immediate effect and until further notice.These measures include the following: Banks can fully use capital and liquidity buffers, including Pillar 2 Guidance; Banks will benefit from relief in the composition of capital for Pillar 2…
Nicole Portelli
16th March 2020