The ‘New Deal for Consumers’ – better consumer protection within the EU

The ‘New Deal for Consumers’ – better consumer protection within the EU
On 11 April 2018, the European Commission adopted the New Deal for Consumers – a package composed of two proposals for Directives and a Communication.The proposed Directives concern: (i) representative actions for the protection of the collective interests of consumers, and the repeal of the Injunctions Directive; and (ii) amendments to the Unfair Contract Terms Directive, Price Indications Directive, Unfair Commercial Practices Directive and the Consumer Rights Directive.Whilst the first proposal is aimed at improving the tools to stop illegal practices and facil...
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Further Cryptocurrency Exchanges Relocating to Malta

Further Cryptocurrency Exchanges Relocating to Malta
OKEX Technology Company Limited, commonly referred to as "OKEx", a crypto currency exchange with its main operations and head offices situated in Hong Kong, has announced that it will be expanding its operations to Malta. OKEx operates an online digital asset trading exchange platform which facilitates the deposit and withdrawal of digital assets by customers. OKEx also enables customers to engage in trading activities for spot trading and future contracts trading in cryptocurrencies. Malta has witnessed a wave of interest internationally in the cryptocurrency and...
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The MFSA issues Consultation Paper on proposed Financial Instrument Test applicable to DLT assets

The MFSA issues Consultation Paper on proposed Financial Instrument Test applicable to DLT assets
The Malta Financial Services Authority ("MFSA") has issued a Consultation Paper on the proposed introduction of a "Financial Instrument Test" in line with a previous MFSA Discussion Paper issued on 30 November 2017 on Initial Coin Offerings, Virtual Currencies and Related Service Providers.The proposed Financial Instrument Test will be crucial in determining whether a Distributed Ledger Technology ("DLT") asset, which was previously referred to as "Virtual Currency", will fall within current EU and national financial services legislation and regulatory frameworks,...
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Malta Business Network Hosts Mamo TCV Talk on the GDPR

Malta Business Network Hosts Mamo TCV Talk on the GDPR

On Monday 16th April, the Malta Business Network will host a talk delivered by Dr Claude Micallef-Grimaud (a senior associate at Mamo TCV Advocates) on the practical steps towards applying in practice certain abstract rules found in the incoming EU General Data Protection Regulation (GDPR).

The event starts at 6.30pm and will take place at the Xara Lodge in Rabat, Malta.

More details are available here: https://maltabusinessnetwork.com/event/gdpr-practical-steps-towards-applying-certain-abstract-rules-practice/

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Employer files counter-claim against ex-employee seeking damages

Employer files counter-claim against ex-employee seeking damages
In the case of Brian Schembri v National Orchestra Limited, which is currently pending before the First Hall of the Civil Court, the ex-employee sued the employer for payment of three years' salary according to contract, in view of the fact that the employer had terminated the employment contract. In a rather interesting twist, the employer not only defended its position by arguing that it had terminated the contract for sufficient reasons, considering also that the employee himself had abandoned his employment, but it filed a counter-claim against the employee cl...
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