Apr
28

MCCAA Launches Consultation on Proposed Amendments to Consumer Affairs Act

News_Mamo
On 22 April 2020, the Malta Competition and Consumer Affairs Authority (the "MCCAA") published a consultation regarding a Bill to amend the Consumer Affairs Act (Chapter 378 of the laws of Malta) and other Laws, and to make ancillary and consequential provisions thereto. The proposed Bill aims to implement Regulation (EU) 2017/2394 on cooperation between national authorities responsible for the enforcement of consumer protection laws and repealing Regulation (EC) No 2006/2004, which lists the minimum investigation and enforcement powers of the competent authoritie...
Continue reading
  2092 Hits
0 Comments
Tags:
2092 Hits
  0 Comments
Apr
28

Malta’s Employment Aid Scheme Approved

News_pig
On 24 April 2020, the European Commission approved Malta's €215 million wage subsidies scheme, which aims to prevent unemployment and to support undertakings that operate in sectors that have been greatly affected by the current outbreak. The notified aid comprises a scheme to finance wage costs of employers that would have otherwise had to lay off their employees as a result of COVID-19. Any undertaking, including self-employed individuals, hit hard by the pandemic may benefit under this scheme. Beneficiaries will receive aid that is proportional to their salary,...
Continue reading
  2451 Hits
0 Comments
2451 Hits
  0 Comments
Apr
28

Commission Approves Malta’s R&D State Aid Scheme

News_Covid1
On 22 nd April, 2020, the European Commission approved Malta's €5.3 million scheme to support investment in research and development related to the current pandemic. Any company, including public entities, intending to undertake research and development regarding COVID-19, and other related projects may benefit under the scheme. The scheme is intended to support the development of new solutions – such as medicinal products, medical equipment, and data collection tools – for the current crisis while also bettering foresight tools and methodologies for the future. B...
Continue reading
  2230 Hits
0 Comments
Tags:
2230 Hits
  0 Comments
Apr
16

Mamo TCV Again Confirmed as One of Malta’s Leading Law Firms in the Legal 500 2020 Edition.

News_l500
The Legal 500 EMEA published its 2020 edition and rankings on 15 th April, 2020 and once again recognized Mamo TCV Advocates as one of the leading law firms in Malta. Apart from the top tier ranking for the firm in practically all its areas of practice, 3 of our partners were recognized as "Leading Lawyers" and another 14 partners and associates were singled out for their work. This is how the Legal 500 described our work and expertise: AVIATION - TIER 1 Mamo TCV Advocates' aviation practice specialises in asset finance, tax and corporate set-ups, aircraft ownersh...
Continue reading
  2665 Hits
0 Comments
2665 Hits
  0 Comments
Apr
09

ESMA Publishes Guidance on Performance Fees in UCITS and Certain AIFs

News_ESMA
On the 3 rd April, 2020, the European Securities and Markets Authority (" ESMA ") published its final guidelines on performance fees in Undertakings for Collective Investments in Transferable Securities (" UCITS ") and certain types of Alternative Investment Funds (" AIFs "). The guidelines provide comprehensive guidance to fund managers when designing performance fee models for the funds they manage, including the assessment of the consistency between the performance fee model and the fund's investment objective, policy and strategy, particularly when the fund is...
Continue reading
  2236 Hits
0 Comments
2236 Hits
  0 Comments