Mamo TCV lawyers Michael Psaila and Simon Pullicino have contributed the #Malta chapter in the Chambers Insolvency 2019 Second Edition Guide. This country-specific Q&A provides an overview of the legal framework regarding corporate insolvency law in Malta. Below, please find the link to the Malta chapter: https://practiceguides.chambers.com/practice-guides/insolvency-2019-second-edition/malta   Disclaimer This document does not purport to give legal, financial or tax advice. Should you require further information or legal assistance, please do not hesitat...

The MFSA has recently issued a consultation document on Company Service Providers. The scope of the proposed enhanced requirements is to raise the standard of the Company Service Providers sector in Malta in view of the concerns raised by the Committee of Experts on the evaluation of the Anti-Money Laundering Measures and the Financing of Terrorism ('MoneyVal') in its Fifth Round Mutual Evaluation Report on Malta in July 2019. The consultation document summarises the applicable regulatory framework for Maltese Company Service Providers in order to raise awareness ...

On the 17 th October 2019, the MFSA (the " Authority ") issued a circular on the submission of regulatory reporting in relation to collective investment schemes, recognised persons and investment services licence holders. As from 31 st October 2019 recognised persons and licence holders must submit all regulatory reporting through the Authority's Licence Holder Portal (" LH Portal "). The aim of this development is to facilitate and expedite the process of submission of financial statements and other regulatory reporting to the Authority.Notwithstanding this, hard...

Below are the salient points of the Malta Budget for the year 2020 , which was presented to the House of Representatives by the Hon. Prof. Edward Scicluna, Minister of Finance, on 14 October 2019. For a review of the salient points of the Malta budget for the year 2019, please click here . To view and download the report, please click here . Economic Performance Malta registered a surplus – A surplus of 1.4% is forecasted for 2020 and GDP is projected to grow by 4.3%. Government debt has been reduced to 43% of GDP in 2019 and is expected to be further reduced to 4...

The Minister for Health, following consultation with the Data Protection Commissioner, has enacted regulations, through a Legal Notice, to allow for the secondary processing of health data. Secondary processing includes all those forms of processing that are not linked to the primary purpose (providing a health service) for which the data were collected and thus includes: administrative work, analysis of health records, compiling statistics, compiling evidence in medico-legal cases, investigation of health threats and other research activities. This Legal Notice s...