Mar
01

Regulations to Relieve Stamp Duty on Transfers of Business Property

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The Duty on Donations of Marketable Securities and Immovable Property Used for Business (Exemption) Order (the "Order"),  [1] recently amended by Legal Notice 412 of 2018,  [2] introduces a reduced rate of duty for gratuitous transfers of business property. The aim is to partially relieve the burden placed on individuals who intend to transfer immovable property forming part of a family business. The Order applies, inter alia , to individuals transferring, by gratuitous title, immovable property being a commercial tenement as defined in article 1525 of t...
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Feb
28

Mamo TCV Advocates Contributes to the 2019 Edition of DLA Piper’s ‘Data Protection Laws of The World Handbook’

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Ever since the 'Data Protection Laws of The World Handbook' was launched by DLA Piper in 2012, Mamo TCV Advocates has been closely involved therewith by providing, and subsequently updating on an annual basis, the chapter relating to Maltese data protection legislation. The 'Malta' section (now including GDPR implementation measures) was written by Dr Claude Micallef-Grimaud and is currently updated as at 10 January 2019. It can be accessed here . The handbook provides an overview of the key privacy and data protection laws and regulations (including GDPR implemen...
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Feb
21

Artificial Intelligence: Some of the Challenges Ahead

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Introduction Reference to Artificial Intelligence ('AI') is likely to bring to mind dystopian pictures of a robot apocalypse as depicted in films such as iRobot or The Matrix or to spark debates on the possibility of machines with 'consciousness'. Yet although we are rightly concerned about AI and the future of mankind, catastrophic thinking may diminish or slow its progress and make us lose sight of its vast potential benefits. AI is more pervasive in our daily lives than one may think. Spotify and Netflix use AI to recommend songs, films or television shows whic...
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Feb
20

MAMO TCV Advocates speaker and panel member at FinanceMalta London event on Malta's Proposition for UK Financial Services on the 21st February 2019.

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FinanceMalta is organizing an event entitled 'Malta's Proposition for UK Financial Services' with a high-level focus on Malta, consisting of four focused discussions on Asset Management, Insurance, Private Wealth, and Blockchain.  Ms. Romina Bonnici, Senior Manager-Regulatory & Compliance at Mamo TCV Advocates, will be addressing an introductory speech during the Insurance discussion on Malta's landscape of opportunities in insurance. Ms. Bonnici will also be a panel speaker on the insurance panel discussion. Disclaimer This document does not purport to g...
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Feb
20

Articles of the Customs Ordinance and Excise Duty Act Declared Unconstitutional

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In the case 'Michael Zammit v. Kontrollur tad-Dwana et ' decided on the 8 th February 2019, the First Hall of the Civil Court (Constitutional Jurisdiction) found that Articles 68 and 72(4) of Chapter 37 of the Laws of Malta (Customs Ordinance), together with Article 16A of Chapter 382 of the Laws of Malta (Excise Duty Act), are in breach of Article 1 of Protocol 1 of the European Convention of Human Rights and Article 37 of the Constitution of Malta (the right to property). It also found that Articles 72 and 73 of Chapter 37 of the Laws of Malta (Customs Ordinance...
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