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Mamo TCV Advocates: we shall provide a general overview of sanctions and the different types of international sanctions.
Sanctions 1: A Brief Overview of International Sanctions Corporate and M&A

Sanctions 1: A Brief Overview of International Sanctions

Following from the recent geopolitical developments in Ukraine, there has been a heightened interest in international sanctions. Through this series of articles, we aim to provide a general overview of the notion of sanctions, consider the local framework through which sanctions function in Malta, illustrate the general obligations which subject persons are required to observe vis-à-vis sanctions and discuss a general overview of the sanctions imposed by the EU against Russia. In this first article, we shall provide a general overview of sanctions and the different types of international sanctions. What are sanctions? International sanctions, although not strictly defined under…
Edmond Zammit Laferla and Zachary Galea
29th September 2023
Legal Update
Corporate Legal Update for the Month of August 2023 Corporate and M&ALegal Updates

Corporate Legal Update for the Month of August 2023

On the 9th of August 2023 the MFSA published a circular regarding the Observations from Supervisory Inspections held with Issuers on the Prevention of Financial Market Abuse. Since 2018, the MFSA has been conducting onsite compliance meetings with issuers whose financial instruments are traded on a Maltese trading venue, relating to the Market Abuse Regulation (hereinafter referred to as ‘MAR’). The aim of this was to ensure proper implementation of the MAR.  After conducting numerous onsite compliance meetings, the Authority released a circular on the 16th of March 2020, to communicate the overall findings derived from these meetings. Three years…
Mamo TCV Advocates
11th September 2023
MBR Penalties successfully challenged before the Civil Court
Successful Challenge to Administrative Penalties Imposed by the Registry of Companies Corporate and M&A

Successful Challenge to Administrative Penalties Imposed by the Registry of Companies

In its judgement delivered on 14th June 2023 in the names of Marco Aquilina & Euro Concrete Blocks Limited vs. Ir-Registratur tal-Kumpaniji, the Civil Court (Commerce Section), presided over by Mr. Justice Ian Spiteri Bailey,  decided in favour of the plaintiffs, who successfully challenged the payment and settlement of various alleged administrative penalties imposed by the Registrar of Companies.  The Registrar of Companies has recently filed an appeal to the judgement delivered by the Civil Court (Commerce Section). The pertinent facts of the case are as follows. Background By means of a judicial letter dated 20th January 2022, the plaintiffs…
Andrea Theuma and Gabrielle Bezzina
18th August 2023
Legal Update
Corporate Legal Update for the Month of July 2023 Corporate and M&ALegal Updates

Corporate Legal Update for the Month of July 2023

The MFSA published a Circular on the 13th  of July 2023 regarding a Public Statement issued by the European Securities and Markets Authority (hereinafter referred to as “ESMA”) outlining sustainability disclosure expectations in prospectuses. This was addressed to issuers and their advisory teams in the process of drawing up prospectuses. The statement aims to coordinate national authorities' review of sustainability disclosures in prospectuses, inform issuers and advisors about expected disclosures and enhance investor decisions by emphasizing sustainability-related disclosures. On the 14th of July 2023, the Crowdfunding Service Provider Act (Act No. XXV of 2023) was enacted. The purpose of this act…
Mamo TCV Advocates
16th August 2023
Legal Update
Corporate Legal Update for the Month of June 2023 Corporate and M&ALegal Updates

Corporate Legal Update for the Month of June 2023

On the 12th of June 2023, an Act to amend the Gaming Act (Chapter 583 of the Laws of Malta) was passed by the House of Representatives, which introduced article 56A to the Gaming Act in order to encourage the establishment of gaming operators in Malta who offer local and cross-border supply of services. On the 16th of June 2023, the MFSA published a Feedback Statement on the new Publication Policy, together with the Policy. Click   for an overview of the Publication Policy. The MFSA published a Circular on the 21st of June 2023 by way of an update…
Mamo TCV Advocates
14th July 2023