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Corporate and M&A

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Regulations to Relieve Stamp Duty on Transfers of Business Property Corporate and M&A

Regulations to Relieve Stamp Duty on Transfers of Business Property

The Duty on Donations of Marketable Securities and Immovable Property Used for Business (Exemption) Order (the "Order"),  recently amended by Legal Notice 412 of 2018,  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 the Civil Code, that had been used in a family business as defined in the Family Business Act…
Mark Soler
1st March 2019
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EU Company Law to be Adapted to the Digital Era Corporate and M&A

EU Company Law to be Adapted to the Digital Era

The European Council has announced that it has reached a provisional agreement with the European Parliament on a draft directive that will facilitate and promote the use of online solutions in a company's contact with national regulatory authorities throughout its life cycle. The draft directive provides for the amendment of EU company law rules to allow for greater efficiency, transparency and legal certainty in company matters through the use of digital tools. The European Council has announced that the draft directive provides the following:Persons may register limited liability companies, and file company documents with national regulatory authorities entirely online;Information explaining national…
Joshua Chircop
19th February 2019
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EU Company Law to be Adapted to the Digital Era Corporate and M&A

EU Company Law to be Adapted to the Digital Era

The European Council has announced that it has reached a provisional agreement with the European Parliament on a draft directive that will facilitate and promote the use of online solutions in a company's contact with national regulatory authorities throughout its life cycle. The draft directive provides for the amendment of EU company law rules to allow for greater efficiency, transparency and legal certainty in company matters through the use of digital tools. The European Council has announced that the draft directive provides the following:Persons may register limited liability companies, and file company documents with national regulatory authorities entirely online;Information explaining national…
Joshua Chircop
19th February 2019
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European Parliament Adopts a Resolution on the Restitution of Plundered Artwork Corporate and M&A

European Parliament Adopts a Resolution on the Restitution of Plundered Artwork

Due to growing public consciousness regarding the subject of artwork and cultural property plundered in times of war and colonialisation, the European Parliament has recently adopted a resolution asking for a harmonized system of laws aimed at regulating the restitution of such objects to their lawful owners.On the 17th January, 2019 the European Parliament voted resoundingly in favour of a resolution calling on the Union institutions and Member States to establish a legal framework encouraging the identification and recovery of artistic and cultural works. In particular, the resolution targets future transactions of those works which were obtained through confiscation or…
Mark Soler
15th February 2019
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European Parliament Adopts a Resolution on the Restitution of Plundered Artwork Corporate and M&A

European Parliament Adopts a Resolution on the Restitution of Plundered Artwork

Due to growing public consciousness regarding the subject of artwork and cultural property plundered in times of war and colonialisation, the European Parliament has recently adopted a resolution asking for a harmonized system of laws aimed at regulating the restitution of such objects to their lawful owners.On the 17th January, 2019 the European Parliament voted resoundingly in favour of a resolution calling on the Union institutions and Member States to establish a legal framework encouraging the identification and recovery of artistic and cultural works. In particular, the resolution targets future transactions of those works which were obtained through confiscation or…
Mark Soler
15th February 2019
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Regulations to Aid Undertakings Providing Professional Training to Employees Corporate and M&A

Regulations to Aid Undertakings Providing Professional Training to Employees

On the 25th January 2019, the Minister for the Economy, Investment and Small Businesses published the "Skills Development Regulations, 2019",  which aim to financially assist those undertakings that offer schemes of professional training to their employees. The regulations apply to the period between the 1st September 2018 and the 31st December 2020. They also repeal the "Assistance for Knowledge Transfer Regulations", but such repeal should not affect any aid previously awarded by virtue of their past application. Under the new regulations, Malta Enterprise has been given the power to assist undertakings that provide training to employees "in relation to their employment".…
Mark Soler
5th February 2019