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Recent Amendments to the Maltese Special Rules of Processing of Personal Data by Public Authorities in Relation to Criminal Offences Legal UpdatesTelecoms, Media & Technology

Recent Amendments to the Maltese Special Rules of Processing of Personal Data by Public Authorities in Relation to Criminal Offences

The Maltese subsidiary legislation regulating the Processing of Personal Data by Competent Authorities for the Purposes of the Prevention, Investigation, Detection or Prosecution of Criminal Offences or the Execution of Criminal Penalties (S.L. 586.08), implementing EU Directive 2016/680, came into force on the same day as and in parallel with the EU General Data Protection Regulation (GDPR).The said S.L. 586.08 has recently been amended by virtue of the similarly named Data Protection (Processing of Personal Data by Competent Authorities for the Purposes of the Prevention, Investigation, Detection or Prosecution of Criminal Offences or the Execution of Criminal Penalties) (Amendment) Regulations,…
MamoTCV Advocates
30th March 2020
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Mamo TCV Advocates | COVID-19 Webpage News

Mamo TCV Advocates | COVID-19 Webpage

As the effects of the spread of the COVID-19 virus continue to be felt, a number of our clients have approached us for advice in connection with a number of queries arising from the unprecedented challenges presented by these unique times.To this end, while thanks to our teleworking facilities, we continue to advise and assist our clients at the same levels of service they have come to expect from us, we have also launched a dedicated page on our website aimed at providing updates on the various legislative developments and other measures that are being put in place in the…
MamoTCV Advocates
26th March 2020
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Identity Malta Agency – COVID-19: Current Implemented Measures 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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Amendments to Beneficial Ownership Regulations relating to Trusts, Foundations and Associations Trusts, Foundations and Wealth Management

Amendments to Beneficial Ownership Regulations relating to Trusts, Foundations and Associations

Amendments have been made to the beneficial ownership regulations relating to trusts, foundations and associations together with other amendments to the principal AML/CFT regulations. The purpose of the majority of these amendments is to transpose Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 2015 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing as amended by Directive (EU) 2018/843 of the European Parliament and of the Council of 30 May 2018 and other amending Directives that might be applicable.Amendments to TrustsIn exercise of the…
Joshua Chircop
24th February 2020
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Malta Foundations Legal UpdatesNewsTrusts, Foundations and Wealth Management

Malta Foundations

INTRODUCTIONMaltese law allows for the establishment of various types of foundations, whether for a social or private purpose or for the benefit of named beneficiaries or a class thereof. DEFINITION OF FOUNDATIONA foundation is an organisation consisting of a universality of things constituted in writing, including by means of a will, by a founder or founders whereby assets are destined either:(a) for the fulfillment of a specified purpose; and/or(b) for the benefit of a named person or class of persons,and which are entrusted to the administration of a designated person or persons.TYPES OF FOUNDATIONS1. Purpose foundations(a) Public benefit foundationsA public…
MamoTCV Advocates
21st February 2020
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Insurance Brokers as Protected Cell Companies Insurance & Reinsurance

Insurance Brokers as Protected Cell Companies

The continuous growth in popularity of the Protected Cell Company (PCC) structure in Malta is an ongoing trend. This is evidenced by the increase year on year since the legislation came into force in 2004 in the number of insurance undertakings being established as PCCs, reaching 16 as at the end of September 2019 with 55 approved protected cells.This success story is also noticeably emerging in the insurance intermediary sector.Taking advantage of the fact that the Maltese PCC legislation also extends to insurance managers and insurance brokers, Malta is experiencing growth in the establishment or conversion of such intermediaries into…
Romina Bonnici
30th November 2019