Managing Partner
Michael Psaila
Michael Psaila
Michael Psaila is the Managing Partner at Mamo TCV Advocates and also co-heads the firm’s Corporate and Banking practice groups. He graduated Doctor of Laws from the University of Malta in 2004 after submitting a doctoral thesis titled ‘The Raising and Maintenance of Capital’. Michael furthered his studies at Kings College London, where he obtained an LL.M in Corporate and Commercial Law.
Michael was called to the Bar in January, 2005 and was a partner at Simon Tortell & Associates since the firm was founded in May 2009 until it merged with Mamo TCV in July 2016.
He regularly advises a range of clients that include public authorities, banks, fund managers, insurers, multinational companies and local businesses on corporate law, M&A transactions, banking and finance and insolvency.
Michael has been managing partner of the firm since November 2017 and also plays a key role in the firm’s business development activities.
He is a member of the Chamber of Advocates, the Institute of Financial Services Practitioners and the International Bar Association.
Education
- B.A. Legal and Humanistic Studies (2001, University of Malta)
- Doctor of Laws (2004, University of Malta)
- LL.M. (2005, Kings College, University of London)
Representative Experience
- Acted as local counsel in Malta for Doordash Inc. in connection with the acquisition of Wolt Enterprises OY, which included a subsidiary with operations in Malta
- Acted as local counsel in Malta for Evos BV in connection with the acquisition of Oiltanking Malta Limited, a company that owns and operates an oil storage facility in Malta
- Acted as local counsel in Malta for Bain Capital in connection with the acquisition of aero engine manufacturer ITP Aero
- Acted as local counsel in Malta for Stonehage Fleming in connection with the acquisition of the private client and corporate services business of a Maitland, a privately owned global advisory, administration and family office firm having operations in a number of jurisdictions, including Malta
- Acted for the ex-shareholders in a Maltese company that owns significant photovoltaic assets in Greece in high-value arbitration proceedings involving various claims in connection with a share purchase agreement
- Acting for BCRS Malta Limited, a company incorporated by the major stakeholders in the Maltese beverage industry for the purpose of setting up and operating a beverage collection refund scheme in Malta
- Acted for the minority shareholders of a company that was listed on the Malta Stock Exchange in unfair prejudice proceedings that resulted in the company being put into liquidation (Calamatta Cuschieri Investment Services Limited et vs Pefaco International plc.)
- Acted as Maltese counsel for the acquirer of an integrated supplier of secure and highly engineered banknotes used by central banks over the world and having operations in a number of jurisdictions, including Malta
- External counsel to a retail bank on a variety of matters including regulatory compliance, anti-money laundering, product structuring, credit facilities, security agreements and other day-to-day matters
- Regularly acts lenders and borrowers in syndicated finance transactions involving Maltese companies
- Maltese counsel to the acquirer of a company specialising in technically complex active pharmaceutical ingredients with an operation in Malta
- Advised on the Maltese law aspects of an initial public offering on the Toronto Stock Exchange of a company having a Maltese corporate holding structure
- Acted for a public authority in connection with the procurement process for a major PPP project in the tourism sector
- Acted for the vendors of a significant minority stake in a credit institution registered in Malta and listed on the Malta Stock Exchange
Memberships
- Admitted to the Maltese Bar, Superior Courts of Malta (2005)
- Malta Chamber of Advocates
- Institute of Financial Services Practitioners
- International Bar Association
Get In Touch
Address
MAMO TCV Advocates
Palazzo Pietro Stiges
103, Strait Street
Valletta, VLT 1436
Malta
Stay updated with our latest insights
The Proposed Insolvency Practitioners Bill
The Insolvency Practitioners Bill (‘the Bill’) is at its second reading in Parliament. The Bill is intended to partially transpose EU Directive 2019/1023 (‘the Directive’) on preventive restructuring frameworks, on discharge of debt and disqualifications, and on measures to increase the efficiency of procedures concerning restructuring, insolvency and discharge of debt. The Bill regulates the profession of the Insolvency Practitioner (‘the IP’), whose role is envisaged by the Directive to be one which is not subject to mandatory appointment in all cases, but which is left at the discretion of each Member State. The Pre-Insolvency Bill provides that a preventive…
MFSA Issues Circular on Qualified Electronic Signatures
In a circular dated the 15th of November 2022, the Malta Financial Services Authority (“MFSA”) confirmed that electronic signatures which are done with a ‘qualified electronic signature’ shall be accepted by the MFSA. The MFSA made reference to Article 25(2) of Regulation (EU) No 910/2014 of the European Parliament and of the Council of 23rd July 2014 on electronic identification and trust services for electronic transactions in the internal market (“eIDAS”) which stipulates that digital signatures are only valid in the European Union if they are done with a provider which has been recognised by at least one EU Member…
The New EU-US Personal Data Transfer Framework
The agreement on a new EU-U.S. data privacy framework between EU Commission President Ursula Von Der Leyen and U.S. President Joe Biden had already been announced on 25 March 2022 (for background, please refer to our previous article The EU-US Privacy Shield: Third Time’s a Charm? - Mamo TCV). However, the stability and longevity of the agreement was questioned by Austrian privacy activist Max Schrems who sent an open letter to stakeholders as a warning that the new framework risks being declared invalid, and consequently being struck down by the CJEU, should no reforms to U.S. law take place to…
