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Legal Updates

Amendments to the Competition Act and Consumer Affairs Act are now in force

On 29 July 2019, Legal Notice 179 of 2019 brought the Competition Act and Consumer Affairs Act and other Laws (Amendment) Act ("the Amendment Act") into force. The Act introduced extensive amendments to the Competition Act (read more here) and the Consumer Affairs Act (read more here). These amendments are a welcome change intended to ensure that the procedure adopted by the relevant administrative authorities in competition and consumer cases comply with the right to a fair hearing enshrined in the Constitution of Malta. Disclaimer This document does not purport to give legal, financial or tax advice. Should you require…
MamoTCV Advocates
31st July 2019
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Legal Updates

Human Rights Update – A1-P1 cases decided in May 2019

The European Court of Human Rights (the "ECtHR") has decided the following Article 1 of Protocol No. 1 ("A1-P1") cases during the month of May 2019: Zammit & Vassallo v. Malta  – where the European Court of Human Rights found a breach of applicants' right to property after the Maltese Government carried out a de facto expropriation of their flat in Senglea. The Maltese Government had failed to properly compensate the applicants for their loss, and the amount liquidated by the Constitutional Court was also too low. Application No. 43675/16 decided on the 28th May 2019Disclaimer This document does not purport…
MamoTCV Advocates
27th June 2019
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Legal Updates

MFSA and FIAU issue Guidance Document for Credit Institutions, Payment Institutions and Electronic Money Institutions opening accounts for FinTechs.

The Guidance Document for Credit Institutions, Payment Institutions and Electronic Money Institutions opening accounts for FinTechs has been jointly published by the Malta Financial Services Authority and the Financial Intelligence Analysis Unit, following a public consultation issued on the 27th March 2019. The Guidance Document aims to assist the Institutions in developing a better understanding of the risks concerning customers of the Fintech realm, to allow these Institutions to offer their services to such customers while ensuring full compliance to the Prevention of Money Laundering and Funding of Terrorism Regulations. The full document can be found here.Disclaimer This document does…
MamoTCV Advocates
20th June 2019
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Legal Updates

Mamo TCV Delivers seminar on Voluntary Organisations and Foundations at Society Education Event

On the invitation of Society Education, on 13th June, 2019 Mamo TCV Advocates delivered a seminar regarding recent amendments to the laws regulating voluntary organisations and foundations. On behalf of Mamo TCV Advocates, Dr Dorita Cardona and Dr Joshua Chircop delivered their three-hour presentation titled: 'Amendments to Voluntary Organisations and Foundations'.The presentation was split into two parts, with the first examining certain key amendments to the Voluntary Organisations Act, including major definitions, the rules on non-profit making, mandatory enrolment, the application to enrol, suspension and cancellation orders, money laundering, and permissible trading activities. The second part explored the amendments brought…
MamoTCV Advocates
20th June 2019
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Legal Updates

Extensive Amendments to Maltese Competition and Consumer Law

The Competition Act and Consumer Affairs Act and other Laws (Amendment) Act was enacted on 31 May 2019.This Act extensively amends the Competition Act, the Consumer Affairs Act and other related legislation.It comes in the wake of theAugust 2018 public consultation procedure launched by the Government of Malta (see here) and a reworked draft bill (see here), all intended to ensure that the procedure adopted by the relevant administrative authorities in competition and consumer cases comply with the right to a fair hearing enshrined in the Constitution of Malta, and confirmed in the cases ofFederation of Estate Agents v Direttur Generali…
MamoTCV Advocates
5th June 2019
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Legal Updates

MamoTCV contributes to the 7th Edition of The Insurance and Reinsurance Law Review

MamoTCV has contributed to the 7th Edition of The Insurance and Reinsurance Law Review which was published in April 2019. This review has been edited by Peter Rogan (Ince Gordon Dadds LLP) and provides an overview of the legal and regulatory regime for (re)insurance undertakings and intermediaries in 30 jurisdictions.The publication provides guidance on legal and market developments in each jurisdiction aiding comparative analysis. The publication encourages a business-focused approach in comparison to standard legal guides.MamoTCV's contribution to the Malta chapter can be read or downloaded here.Disclaimer This document does not purport to give legal, financial or tax advice. Should…
MamoTCV Advocates
16th May 2019