Of Counsel
Michael Borg Costanzi
Michael Borg Costanzi
Michael Borg Costanzi is Of Counsel at Mamo TCV Advocates. He joined Bank of Valletta p.l.c. in 1980 and graduated as Doctor of Laws from the University of Malta in 1993. During the 35 years spent at Bank of Valletta, Michael headed the Bank’s legal office from 2001 and was appointed as a Chief Officer responsible for the Bank’s Legal Office, Office of the Company Secretary, Customer Issues Unit and Compliance Unit in 2008. In 2005, Michael was appointed as a member of the Bank’s Executive Committee and from 2008, he sat on the Bank’s Compliance and Risk Management Committees.
From 2000 to 2009, Michael, as a visiting lecturer, delivered lectures on banking law to law students at the University of Malta.
Michael took up early retirement from Bank of Valletta with effect from the 1 April 2015 and joined Mamo TCV Advocates at the beginning of August 2015.
Michael serves as a non-executive director on a number of boards of local companies.
Michael’s main area of practice is banking and finance.
Michael is a member of the Chamber of Advocates.
Practice Areas
- Banking and Finance
- Corporate and Commerial
- Real Estate and Construction
Education
- Doctor of Laws (1993, University of Malta)
Representative Experience
- Counsel in the matter concerning lending for the acquisition of land and construction of buildings thereon in Malta for a total value of approximately €75,000,000.
Memberships
- Admitted to the Maltese Bar, Superior Courts of Malta (1993)
- Malta Chamber of Advocates
Get In Touch
Address
MAMO TCV Advocates
Palazzo Pietro Stiges
103, Strait Street
Valletta, VLT 1436
Malta
Stay updated with our latest insights
Updates on the Implementation of the Health and Safety at Work Act and Related Regulations
Commencement of the Health and Safety at Work Act, 2024 and Repeal of the Previous Act and Regulations On the 26th November 2024, the Minister responsible for health and safety at work (the ‘Minister’) issued a commencement notice for the Health and Safety at Work Act, 2024 (the ‘Act’). Through this notice, the provisions of the Act were brought into force, thereby repealing the Occupational Health and Safety Authority Act (Cap. 424). On the same date, the Minister also repealed the Occupational Health and Safety Appeals Board (Procedure) Regulations (S.L.424.12) and the Occupational Health and Safety (Payment of Penalties) Regulations…
Recent Amendments to CBM Directive 19
Introduction Directive No. 19 (the “Directive”), issued by the Central Bank of Malta (the “CBM” or the “Central Bank”) on the 7th July 2021 officially came into effect on 1st January 2022, with amendments issued in September 2024. It applies to all paper-based instruments issued, processed, or encashed within Malta’s jurisdiction, as long as these instruments are denominated in euros. The Directive sets the framework for the safe and effective use of cheques and bank drafts (collectively referred to as "paper-based instruments") where the payer, payee and the regulated institutions servicing the paper-based instruments are all located in Malta. It…
AI in the Banking Sector – a Sword, a Shield or an Achilles’ Heel?
1. Introduction We are not only living in a digital age but also in an age where individuals and businesses increasingly depend on banks for their day-to-day activities. The convergence of these two factors is compounded with the increased use of artificial intelligence (AI) both generally and specifically in the banking sector. From a general perspective, AI start-ups in 2013 received USD 2 bn in investments globally which increased twelvefold in 2018 to USD 24 bn . The European Commission is also planning to invest a total of €112 mm in AI, quantum research and innovation . More specifically, recent…
