Mar
14

Re-Domiciliation of Foundations to Malta

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​ This article was written by Dr Dorita Cardona and Dr Joshua Chircop . ​ Maltese law allows for the continuation of foreign foundations and associations in Malta. This was introduced by the Voluntary Organisations (Amendment) Act, 2018 , by virtue of Act No. XXXVI of 2018, which made a number of changes to the Second Schedule of the Civil Code, being the law that regulates organisations in Malta (the 'Second Schedule'). An organisation is defined as a universality of persons who associate, or a universality of things which are appropriated to achieve a lawful pur...
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Oct
17

Proposal to Reform the Rental Market

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This article was written by Dorita Cardona and Joshua Chircop. The Parliamentary Secretariat for Social Accommodation has published a White Paper proposing the setting up of a new regulatory framework (the 'Regulatory Framework') to reform the residential rental market in Malta, referred to as the private rented sector (the 'PRS'). Rationale The White Paper proposes providing both Landlords and Tenants with greater stability, flexibility, security, transparency and predictability in the long-term. There is a clear emphasis on creating a balance between Landlords a...
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Oct
01

Proposal to Establish New Building and Construction Regulator

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This article was written by Dorita Cardona and Joshua Chircop The Ministry for Transport, Infrastructure and Capital Projects has published a White Paper proposing the setting up of a Building and Construction Regulator ("the Regulator"), as part of a reorganisation project of the building industry. The Regulator It is proposed that the Regulator will be responsible for harmonising and consolidating current work practices, standards, procedures, regulations and laws currently governing the industry under a single piece of legislation, which will consequently be br...
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Sep
25

Foundations and Cryptos

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This article was written by Dorita Cardona and Joshua Chircop. Following the introduction of the crypto laws , namely the Virtual Financial Asset Act , the Malta Digital Innovation Authority ("MDIA") Act and the Innovative Technology Arrangements and Services Act , which laid the foundations for Malta's innovative technology sector, Maltese foundations can now be used to issue tokens and carry out trading activities resulting from such operations. [1] A foundation may, subject to such authorisations as may be necessary under applicable laws, issue tokens and carry...
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