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CompetitionLegal Update

Undertakings with Links to Tax Havens not to Receive State aid

The European Commission ('Commission') has issued a recommendation to Member States that undertakings with links to tax havens (see list) and/or undertakings that have been convicted of serious financial crimes should not be beneficiaries of any state aid.The aim behind this recommendation is to avoid the misuse of public funds and to strengthen safeguards against tax abuse and financial crime throughout the Union. Nevertheless, it ought to be noted that the recommendation does not absolutely prohibit every undertaking with a link to a listed non-cooperative jurisdiction from receiving State aid. Member States are to make known to the Commission the…
MamoTCV Advocates
16th July 2020
COVID19 MeasuresLegal Update

Commission approves Malta’s state aid scheme to support investments in the production of coronavirus-relevant products

On 12 May 2020, the European Commission approved an €11.5 million state aid scheme to support investments in the production of coronavirus-related products such as vaccines, personal protective equipment, and ventilators. Undertakings operating in sectors related to the production or the diversifying of products related to the coronavirus outbreak may benefit from this scheme through direct grants, repayable advances, and tax advantages. However, beneficiaries must complete investments projects in this regard within six months after receiving the aid.The scheme was approved under the State aid Temporary Framework that was put into effect on 19 March 2020. Disclaimer This document does…
MamoTCV Advocates
19th May 2020
Competition

Second Extension to the Temporary Framework has been Adopted

Following the draft proposal to further extend the scope of the State Aid Temporary Framework (the "Framework") that was sent to the Member States on the 9 April 2020 by the European Commission, the second extension to the Framework has now been adopted and was put into effect on the 8 May 2020. The Framework was initially brought into effect on the 19 March 2020 and was previously amended on the 3 April 2020. While furthering the scope of the Framework, this second extension will complement the State aid measures covered by the Framework and existing State aid rules. The…
Laura Spiteri
15th May 2020
CompetitionCOVID19 Measures

State Aid Extension Update – Commission Adopts Amended State Aid Temporary Framework

This article was written by Dr Annalies Muscat and Dr Laura SpiteriOn 3 April, 2020, the European Commission adopted an extension to the State Aid Temporary Framework (the "Framework"), which is to form part of the Framework that was initially put into effect on 19 March, 2020. The amended Framework provides for additional types of aid measures intended to help businesses involved in the fight against the current pandemic and to preserve employment. The extended Framework allows for more flexibility with the cumulation of State aid. While the initial Framework did not allow for aid in the form of guarantees…
Annalies Muscat
9th April 2020
Procurement and State Aid

ICLG The International Comparative Legal Guide to: Public Procurement 2020

As in previous years, Mamo TCV has been featured in the Global Legal Group's International Comparative Legal Guide to Public Procurement.The guide is primarily aimed at corporate counsel and international practitioners in the field of public procurement and it provides a comprehensive worldwide legal analysis of public procurement laws and regulations.The Guide is a collective effort between leading public procurement lawyers and industry specialists andit is now in its ninth edition, This is not the first time that Mamo TCV has been chosen to contribute the chapter relating to Malta, confirming the firm's expertise in this important area of the…
Joseph Camilleri
18th February 2020
Procurement and State Aid

ICLG The International Comparative Legal Guide to: Public Procurement 2018

As in previous years, Mamo TCV has been featured in the Global Legal Group's International Comparative Legal Guide to Public Procurement. The guide is primarily aimed at corporate counsel and international practitioners in the field of public procurement and it provides a comprehensive worldwide legal analysis of public procurement laws and regulations. The Guide is a collective effort between leading public procurement lawyers and industry specialists and it is now in its tenth edition. This is not the first time that Mamo TCV has been chosen to contribute the chapter relating to Malta, confirming the firm's expertise in this important…
Joseph Camilleri
8th February 2018