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Michael Psaila

Michael Psaila graduated Doctor of Laws from the University of Malta in 2004 after submitting a doctoral thesis entitled ‘The Raising and Maintenance of Capital’. He furthered his studies at Kings College London, where he obtained a Masters of Law degree in Corporate and Commercial Law.

Michael was called to the Bar in January, 2005 and was a partner at Simon Tortell & Associates since the firm was founded in May 2009 until it merged with Mamo TCV in July 2016.

Michael’s main areas of practice include banking and finance, capital markets, corporate and insolvency law.

He is a member of the Chamber of Advocates, the Institute of Financial Services Practitioners and the International Bar Association and is also recommended in most major legal directories.

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Bill proposing amendments to the Companies Act. Corporate and M&A

Bill proposing amendments to the Companies Act.

This article was written by Dr Michael Psaila and Dr Joshua Chircop.OverviewOn 13th May 2020, the Minister for the Economy, Investment and Small Businesses tabled the Companies Act (Amendment) Bill (the "Bill") which proposes certain amendments to the Companies Act, Chapter 386 of the Laws of Malta (the "Act").The Bill proposes: 1.new grounds for ineligibility and disqualification from holding certain offices under the Act; 2.new powers to the Minister to make regulations on winding up applications (including the suspension of the right to make winding up applications), regulations on wrongful trading (including the retrospective suspension of the wrongful trading provisions)…
Michael Psaila
21st May 2020
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Maltese Government Issues Financial Incentives Amid COVID-19 Outbreak Antitrust, Competition and TradeCOVID19 Measures

Maltese Government Issues Financial Incentives Amid COVID-19 Outbreak

This article was written by Dr Michael Psaila, Dr Annalies Muscat, and Dr Laura SpiteriAmid the COVID-19 pandemic, the Maltese Government has issued three financial packages that businesses can avail themselves of. Each financial package builds upon the previous package. First Financial Package:The First Financial Package consists of two incentives. One measure is dedicated to the postponement of the payment of certain taxes, while the other provides aid in the form of a grant to help employers invest in teleworking technology. 1. Postponement of payment of certain taxes: This incentive provides enterprises, including those who are self-employed, with a two-month moratorium…
Michael Psaila
30th March 2020
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Michael Psaila moderates securitisation panel during the launch of the Institutional Financial Services Market at the Malta Stock Exchange. Banking & Finance

Michael Psaila moderates securitisation panel during the launch of the Institutional Financial Services Market at the Malta Stock Exchange.

Mamo TCV partner Michael Psaila moderated a panel on "Opportunities within the Securitisation Sector" during an event organized by the Malta Stock Exchange on Wednesday 18th October 2017 to launch the Institutional Financial Services Market.The panel discussed matters recent securitization trends at a domestic and international level, Malta's attractive suite of securitization legislation and the effects of the recently STS/CRR legislative package that was successfully negotiated on at an EU level during Malta's Presidency of the Council of the European Union.
Michael Psaila
20th October 2017
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Malta Stock Exchange plc obtains regulatory approval to launch the Institutional Financial Securities Market Banking & FinanceCapital MarketsNews

Malta Stock Exchange plc obtains regulatory approval to launch the Institutional Financial Securities Market

Malta Stock Exchange plc. ("MSE") has obtained regulatory approval to launch the Institutional Financial Securities Market ("IFSM"), a securities market intended for issuers seeking to list securities falling within the scope of the Wholesale Securities Market rules, including but not limited to asset-backed and convertible debt securities, derivatives and insurance-linked notes, having a minimum denomination requirement of €100,000 (or its equivalent in any other currency).The IFSM will be regulated by the Malta Financial Services Authority and market participants will be required to apply to the Listing Authority for the purposes of listing any wholesale securities on the new recognised list…
Michael Psaila
9th October 2017
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Malta Gaming Authority Announces Major Overhaul Of Maltese Gaming Law Gaming & Betting

Malta Gaming Authority Announces Major Overhaul Of Maltese Gaming Law

This article was written by Dr. Michael Psaila and Dr. Andrea Theuma.The Malta Gaming Authority ('MGA') has just published a new consultation paper proposing major reforms to Malta's current gaming legal framework. The proposed overhaul aims to repeal all the existing gaming legislation currently in force by replacing the latter with a singular primary Act of Parliament entitled the Gaming Act, which will empower the competent Minister to publish regulations and grant powers to the MGA to publish directives and issue rulings as well as guidelines and policies, thereby ensuring timely and flexible interventions, especially in relation to technical specifications…
Michael Psaila
17th July 2017