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Real Estate & Construction

Private Residential Leases Act 2019

Overview and scopeThe Private Residential Leases Act has been enacted by virtue of Act No. XXVIII of 2019, hereinafter referred to as "the Act". The object of this Act is to promote the development of the private rented sector by ensuring standards of fairness, clarity and predictability in contractual relations between lessors and lessees, and to safeguard and protect the right to adequate accommodation.ApplicationThe Act shall apply to private residential leases that are entered into or renewed after the entry into force of the Act. This rests on the proviso that leases which were granted after 1st June 1995 and…
Veronica Grixti
20th November 2019
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Planning & Environment

The Single-Use Plastics Products Strategy for Malta 2020-2030

This article was written by​ Dr Annalies Muscat and Dr Laura Spiteri.​The Maltese Government issued the Single-Use Plastic Products Strategy for Malta 2020-2030 (the 'Strategy') in May 2019, just before the Directive 2019/904 of the European Parliament and of the Council of 5 June 2019 on the reduction of the impact of certain plastic products on the environment (the 'Directive') was brought into force. The Strategy's stated aim is to aid Malta's move towards a more circular economy in the light of the work carried out by the European Commission towards this end. It highlights measures to be taken to eliminate…
Annalies Muscat
28th October 2019
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News

Malta Budget 2020

Below are the salient points of the Malta Budget for the year 2020, which was presented to the House of Representatives by the Hon. Prof. Edward Scicluna, Minister of Finance, on 14 October 2019. For a review of the salient points of the Malta budget for the year 2019, please click here.To view and download the report, please click here.Economic Performance Malta registered a surplus – A surplus of 1.4% is forecasted for 2020 and GDP is projected to grow by 4.3%. Government debt has been reduced to 43% of GDP in 2019 and is expected to be further reduced…
MamoTCV Advocates
15th October 2019
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Trusts, Foundations and Wealth Management

All Foundations and Associations to Submit Beneficial Ownership Information by 30th June 2019

This article was written by Dr Joshua Chircop and Dr Dorita Cardona.The Registrar for Legal Persons has announced that all foundations and associations are required to submit information on their beneficial ownership by the 30th June, 2019. This announcement follows another recent announcement by the Commissioner for Voluntary Organisations requiring all foundations and associations in Malta which qualify as voluntary organisations to enrol or notify the Commissioner by the 30th June 2019.  Foundations and Associations are required to comply with the Civil Code (Second Schedule) (Register of Beneficial Owners – Foundations) Regulations and the Civil Code (Second Schedule) (Register of…
Joshua Chircop
27th June 2019
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Trusts, Foundations and Wealth Management

Mandatory Enrolment or Listing of all Voluntary Organisations in Malta

This article was written by Dorita Cardona and Joshua ChircopRecent amendments to the Voluntary Organisations Act in Malta have introduced new provisions requiring foundations, trusts, associations and other organisations which qualify as Voluntary Organisations to mandatorily enrol or enlist as Voluntary Organisations with the Commissioner for Voluntary Organisations.The Commissioner has announced that all Voluntary Organisations are required to bring themselves in line with the Act by the 30th June 2019.The Administrators of Voluntary Organisations who fail to enrol or enlist by the deadline shall be guilty of an offence and shall be liable on conviction to a fine of not…
Dorita Cardona
22nd May 2019
Insurance & Reinsurance

MAMO TCV Advocates speaker and panel member at FinanceMalta London event on Malta’s Proposition for UK Financial Services on the 21st February 2019.

FinanceMalta is organizing an event entitled 'Malta's Proposition for UK Financial Services' with a high-level focus on Malta, consisting of four focused discussions on Asset Management, Insurance, Private Wealth, and Blockchain. Ms. Romina Bonnici, Senior Manager-Regulatory & Compliance at Mamo TCV Advocates, will be addressing an introductory speech during the Insurance discussion on Malta's landscape of opportunities in insurance. Ms. Bonnici will also be a panel speaker on the insurance panel discussion. Disclaimer This document does not purport to give legal, financial or tax advice. Should you require further information or legal assistance, please do not hesitate to contact Dr. Edmond…
Romina Bonnici
20th February 2019