Aug
31

Re-balancing the Respective Rights & Obligations of Lessors and Lessees

News_Hammer
This article was written by​ Dr. Stephen Muscat and Daniel Vancell Introduction The Reletting of Urban Property (Regulation) Ordinance, Chapter 69 of the Laws of Malta (the "Ordinance"), has been recently amended by virtue of Act XXIV of 2021 1 . The main goal for the introduction of the Ordinance, originally, was to protect the interest of the public by establishing a type of lease which would automatically renew itself and could not be terminated unilaterally upon its expiration. A problem that arose under the Ordinance was the fact that this law placed a restri...
Continue reading
  334 Hits
0 Comments
334 Hits
  0 Comments
Aug
10

Amendments to the Aircraft Registration Act

News_AKL
The Aircraft Registration Act, Chapter 503 of the Laws of Malta (the "Act") and the Code of Organisation and Civil Procedure, Chapter 12 of the Laws of Malta (the "COCP") have been amended by virtue of Act No. XXXVII of 2021 (the "Amending Act"). The Amending Act brings about changes to various laws pertaining to aircraft registration. Certified Designee The Amending Act introduces rules pertaining to the appointment of a "Certified Designee" (CD) under an irrevocable de-registration and export request authorisation (IDERA). Whilst the Act previously allowed for t...
Continue reading
  574 Hits
0 Comments
574 Hits
  0 Comments
Jul
21

The Central Bank of Malta Issues Directive 19 on the Use of Cheques and Bank Drafts

News_SAC
This article was written by​ Dr Michael Psaila and Mr Neeraj Bharwani. Directive No 19 on the Use of Cheques and Bank Drafts ('the Directive') was issued by the Central Bank of Malta on 7 th July 2021 with the aim of promoting safe and effective use of cheques and bank drafts ('paper-based instruments') drawn on Maltese banks and financial institutions. Furthermore, institutions which exercise their passporting rights to provide their services in Malta, post office giro payment institutions and the Central Bank of Malta ('Bank') when acting as a payment service pr...
Continue reading
  765 Hits
0 Comments
765 Hits
  0 Comments
Jun
09

The Malta Nomad Residence Permit

News_WFH
Residency Malta Agency, the local Government entity responsible for the management and promotion of Malta's residency-by-investment programmes, has launched a new residence permit, the Nomad Residence Permit. This initiative offers third-country nationals the opportunity to work remotely and reside in Malta for a temporary period. The holder of a Nomad Residence Permit shall retain their current employment in another country whilst residing in Malta. The residence permit is issued for one year and can be renewed upon the discretion of the authority if the holder o...
Continue reading
  605 Hits
0 Comments
605 Hits
  0 Comments
Jun
02

30th June Deadline Nearing for Britons to Secure Residency Status in Malta

News_Brxt
30 th June 2021 Deadline Nearing for Britons to Secure Residency Status in Malta Thousands of British nationals living across the European Union only have a few weeks left to regularize their residency status in their country of residence, including Malta. Since Brexit, fourteen countries, including Portugal, Spain, and Italy, have automatically granted post-Brexit rights to British nationals residing in their country lawfully. However, in several other countries, including Malta, British nationals have had to apply for the residency status as their right to resid...
Continue reading
  662 Hits
0 Comments
662 Hits
  0 Comments