Sub-Letting of commercial tenements after 31st May 2018 – let it be! – (2)

Sub-Letting of commercial tenements after 31st May 2018 – let it be! – (2)
Reference is made to our previous article entitled 'Sub-Letting of Commercial Tenements After 31st May 2018 – Let it Be!', which dealt with the (then) proposed amendments to article 1613 of the Civil Code. In that article, we gave an overview of the salient provisions contained in the Bill which was being discussed in Parliament. Following the debate in Parliament on the Bill presented by the Government and following various interventions in the debate, the Bill remained unchanged and the amendments were subsequently introduced by means of Act VIII of 2018. The sa...
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European Parliament adopts the 5th Anti-Money Laundering Directive

European Parliament adopts the 5th  Anti-Money Laundering Directive
Barely a year following the implementation of the 4th Anti-Money Laundering Directive, the European Parliament has adopted a new directive which aims to add further layers to the European anti-money laundering framework. The 5th Anti-Money Laundering Directive ("5AMLD") was adopted on the 19th of April 2018, and should be fully implemented into national law by the various Member States from eighteen months to the date in which it is published in the Official Journal. The 5AMLD contains several key amendments to the existing directives, mainly:1. Register of Benefi...
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Extension for reduced rate of stamp duty on the transfer of a family business

Extension for reduced rate of stamp duty on the transfer of a family business
The reduced rate of stamp duty applicable to the transfer of shares in a family business from 2% to 1.5% has been extended for a further period of six months until 30th September 2018, in accordance with Legal Notice 82 of 2018 entitled Duty on Donations of Marketable Securities and Immovable Property Used for Business (Exemption) Order.The reduction in stamp duty applies in relation to:​The transfer of shares in a Maltese registered company and includes the transfer by means of donation by qualifying family members, which is defined as being a donation to one's s...
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Long-Awaited GDPR Guidelines Finalised by the WP29

Long-Awaited GDPR Guidelines Finalised by the WP29
The Article 29 Working Party ('WP29') has recently adopted and subsequently finalised its long-awaited guidelines on Consent as well as those on Transparency under Regulation 2016/679 (the 'GDPR'). These long-awaited guidelines form part of the many GDPR related guidelines, opinions and recommendations issued by the WP29 aimed to help practitioners, controllers and processors alike to better understand the workings and intricacies of the imminent GDPR. These guidelines substantially expand on the notions of Consent and Transparency, going beyond what is ...
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The GDPR and Fintech: Mamo TCV Participates in Panel Discussion

The GDPR and Fintech: Mamo TCV Participates in Panel Discussion
Dr Warren Ciantar, on behalf of Mamo TCV Advocates, recently participated in a half-day seminar organised and hosted by the Malta IT Law Association (MITLA) which was held at Smart City on the 13th April 2018. The seminar dealt with various aspects of the GDPR, including its implications in the gaming and fintech industries and was consequently attended by various stakeholders in these sectors. The background of attendees varied, with the Malta Gaming Authority, audit firms, insurance companies, gaming companies, software developers and law firms all being represe...
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