Of Counsel
Michael Borg Costanzi
Michael Borg Costanzi
Michael Borg Costanzi is Of Counsel at Mamo TCV Advocates. He joined Bank of Valletta p.l.c. in 1980 and graduated as Doctor of Laws from the University of Malta in 1993. During the 35 years spent at Bank of Valletta, Michael headed the Bank’s legal office from 2001 and was appointed as a Chief Officer responsible for the Bank’s Legal Office, Office of the Company Secretary, Customer Issues Unit and Compliance Unit in 2008. In 2005, Michael was appointed as a member of the Bank’s Executive Committee and from 2008, he sat on the Bank’s Compliance and Risk Management Committees.
From 2000 to 2009, Michael, as a visiting lecturer, delivered lectures on banking law to law students at the University of Malta.
Michael took up early retirement from Bank of Valletta with effect from the 1 April 2015 and joined Mamo TCV Advocates at the beginning of August 2015.
Michael serves as a non-executive director on a number of boards of local companies.
Michael’s main area of practice is banking and finance.
Michael is a member of the Chamber of Advocates.
Practice Areas
- Banking and Finance
- Corporate and Commerial
- Real Estate and Construction
Education
- Doctor of Laws (1993, University of Malta)
Representative Experience
- Counsel in the matter concerning lending for the acquisition of land and construction of buildings thereon in Malta for a total value of approximately €75,000,000.
Memberships
- Admitted to the Maltese Bar, Superior Courts of Malta (1993)
- Malta Chamber of Advocates
Get In Touch
Address
MAMO TCV Advocates
Palazzo Pietro Stiges
103, Strait Street
Valletta, VLT 1436
Malta
Stay updated with our latest insights
Legal Update | New Tourism Accommodation Regulations (S.L. 409.24): A Guide for Short-Let Property Owners in Malta
The local market for short-let rented accommodation has grown rapidly over the past decade, with non-collective accommodation, including short-let apartments, houses and villas, increasing its share of inbound tourist accommodation. However, whilst this growth has brought about economic opportunity, it has also raised concerns around community impact, housing affordability, waste management, noise, enforcement and the quality of the visitor experience. The legal regime governing tourism accommodation did not fully address the specific challenges arising from the rapid growth of short-let platforms and was fragmented across multiple instruments, namely the Malta Travel and Tourism Services Act (Cap. 409), the Tourism Accommodation…
What happens to Directors and Shareholders After a Winding up Order is Issued?
This article is part of a series exploring court actions available under the Companies Act (Chapter 386 of the Laws of Malta). Each article gives a practical overview of a specific legal remedy or procedure involving court supervision; outlining when it applies, the steps required, and the purpose behind it. It is intended as a useful reference point rather than an in-depth academic analysis. Once a court issues a winding up order, the company enters into official liquidation, and control of the company is transferred away from its directors and shareholders. The court will appoint a liquidator, usually the Official…
MFSA Enforcement and the Limits of Appeal Rights in Malta: Key Takeaways from the Phoenix Judgment
The Civil Court, First Hall (Constitutional Jurisdiction), in the judgment Phoenix Payments Limited (now Lazarus Long Limited) v the Malta Financial Services Authority and the State Advocate (Application Number 272/2021), delivered by the Honorable Madam Justice Rachel Montebello on 27 April 2026, examined the administrative enforcement powers of the Malta Financial Services Authority (“MFSA”) and, critically, whether the available appeal mechanism satisfies the right to a fair hearing. Phoenix’s Application Phoenix Payments Limited (subsequently renamed Lazarus Long Limited) (“Phoenix”), a financial institution licensed and regulated by the MFSA under the Financial Institutions Act (Chapter 376 of the Laws of Malta)…
