Feb
19

Maltese Privatisation Unit Issues Request for Proposals for a Concession to Open and Operate a Casino in Malta

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The Malta Privatisation Unit issued a Request for Proposals on the 17 th February 2021 pursuant to which it announced that it will be accepting bids from interested parties seeking to operate a land-based casino from one of Malta's designated tourist zones. The concession will be subject to a fee of €11,000,000 over three (3) years and the concessionaire (which would also be responsible to apply for, and obtain, a Casino Licence from the Malta Gaming Authority) will be required to operate a minimum of 225 gaming devices and 15 gaming tables. Under the applicable l...
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Feb
16

MFSA implements Fast-track Filing Procedure for Offering Documents of Collective Investment Schemes amended to comply with the Sustainable Finance Disclosure Regulations.

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Following the entry into force of the Sustainable Finance Disclosure Regulation (" SFDR ") in December 2020, the provisions of the said Regulations will become effective on the 10 th March 2021. By way of background, the SFDR will require financial market participants and financial advisors to make pre-contractual and ongoing disclosures to investors regarding the integration of sustainability risk, the impacts of adverse sustainability, as well as the promotion of ESG characteristics and sustainable investments (as applicable). In this respect, pursuant to a circ...
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Feb
08

Future judicial cooperation between the EU & UK: Assessing the implication of a “Hard Brexit” for judicial cooperation in civil and commercial matters.

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The EU-UK Trade and Cooperation Agreement (the " TCA ") concluded on Christmas Eve, 2020 is silent with respect to judicial cooperation in civil and commercial matters (as opposed to cooperation in criminal matters). Consequently, as from 1st January, 2021 the UK is treated as a third state with respect to the application of a number of significant EU legislation regulating matters of cross-border judicial cooperation (e.g. the rules governing the recognition and enforcement of court judgements or the choice of jurisdiction and applicable law clauses). Given the r...
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Feb
05

Mamo TCV Advocates presents donation to Malta Guide Dogs Foundation

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Dr Michael Psaila, Managing Partner of Mamo TCV Advocates, underlined the firm's commitment to the visually impaired and the Malta Guide Dogs Foundation (MGDF) in particular when he not only presented a donation but committed the firm to assisting the foundation in its legal affairs in the coming years. It was the wish of the firm, which has a staff complement of over 70 people, to select the MGDF as one of the beneficiaries of their annual charity donation. The firm counts among its lawyers Dr Kevin Cutajar, MP, who is a board member of the MGDF. The firm brings ...
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Feb
04

The Court of Appeal on: Onus of Proof & Defects Liability Period

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In a recent judgment in the case Middlesea Insurance plc illum Mapfre Middlesea p.l.c. vs Spot On Gypsum Limited , the Court of Appeal overturned the conclusion of the First Hall, Civil Court with respect to the onus of proof. The case referred to an action for damages following an accident suffered by a resident in a hotel due to defective works carried out by the defendant company. The First Hall of the Civil Court had concluded that the defendant company was, in fact, responsible for the damages, but failed to liquidate the damages or to condemn the defendant c...
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