Aug
22

Recent GDPR Fines Issued in Various Countries

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Country: Greece (first fine ever issued by the Greek data protection authority) Fine Amount: €150,000 Issued to: PWC Business Solutions Reason: The company, i.e. an employer, had decided to use consent as a legal basis for processing the personal data of its employees for various standard work-related purposes (e.g. paying the employees, sending the employees' personal data to relevant tax and labour authorities etc.). The Greek data protection authority held that consent is not a sound legal basis in the context of employment, due to the relationship between empl...
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Aug
01

Mamo TCV (VFA) Ltd registered as VFA Agent

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We are pleased to announce that our subsidiary company, Mamo TCV (VFA) Ltd, has been set up and officially registered as a VFA Agent with the Malta Financial Services Authority, in terms of Article 14 of the Virtual Financial Assets Act (Chapter 590 of the Laws of Malta) (the "Act"). Mamo TCV (VFA) Ltd is now eligible to assist Virtual Financial Assets ("VFA") Service Providers to apply for a licence under the Act and support VFA Service Providers in any ancillary matters permitted by the VFA legal framework. Disclaimer This document does not purport to give legal...
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Jul
31

Amendments to the Competition Act and Consumer Affairs Act are now in force

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On 29 July 2019, Legal Notice 179 of 2019 brought the Competition Act and Consumer Affairs Act and other Laws (Amendment) Act ("the Amendment Act") into force. The Act introduced extensive amendments to the Competition Act ( read more here ) and the Consumer Affairs Act ( read more here ). These amendments are a welcome change intended to ensure that the procedure adopted by the relevant administrative authorities in competition and consumer cases comply with the right to a fair hearing enshrined in the Constitution of Malta. Disclaimer This document does not purp...
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Jul
29

Mamo TCV Welcomes Trainees for Summer 2019

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Mamo TCV Advocates has the pleasure of welcoming a number of legal trainees for its Summer 2019 Internship Program. The trainees will be participating in one or more of the areas of practice of the Firm, including: ​ Corporate/ Commercial Immigration Intellectual Property/ Data Protection Litigation Shipping/ Aviation Financial Services Employment Banking & Finance The programme is designed to give students practical, hands-on experience by working at a leading law firm with experts in various fields. This is intended to help trainees prepare for their future ...
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Jul
10

MFSA publishes Guidance Document on “Fit & Proper” Assessments

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The MFSA (the "Authority") has issued a guidance document on the fitness and properness assessment which is currently applied by the Authority. This document outlines the high-level principles that must be adhered to in order to safeguard and ensure the integrity of the financial services sector. In assessing the fitness and properness of individuals proposed for, or holding, approved positions, the Authority assesses the following four criteria: i. Competence; ii. Reputation; iii. Conflicts of Interest and Independence of Mind; and iv. Time Commitment. It is impo...
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