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COVID-19 Update: Closure of Public Places Corporate and M&ACOVID19 MeasuresLegal UpdatesNews

COVID-19 Update: Closure of Public Places

Due to the COVID-19 outbreak, the Superintendent of Public Health issued Legal Notice 76 of 2020 entitled 'Closure of Places Open to the Public Order, 2020' on 17 March 2020. The Legal Notice orders that all bars, restaurants, cafeterias, snack bars, cinemas, gyms, museums, exhibitions, clubs, discotheques, night clubs, open-air markets, indoor swimming pools, the national swimming pool, gaming premises – including controlled gaming premises, bingo halls, casinos, gaming parlours, lotto booths and betting shops be closed due to the outbreak. This notwithstanding, the Legal Notice allows restaurants, snack bars and kiosks to continue to provide their delivery and take-away…
MamoTCV Advocates
18th March 2020
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Merger Filers Global Legal Guide Legal Updates

Merger Filers Global Legal Guide

Mamo TCV has authored the Malta Guide on the Merger Filers Global Legal Guide. The Guide is a collective effort among leading competition lawyers, providing information on the merger control rules in a number of jurisdictions worldwide covering areas such as how mergers are to be notified to the relevant competent authorities, the process of merger notification, and appeal processes. It also provides summaries of merger decisions taken by the competent authorities of each jurisdiction and will be periodically updated to include recent decisions. This is not the first time that Mamo TCV has been chosen to contribute to similar…
MamoTCV Advocates
5th March 2020
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Malta Foundations Legal UpdatesNewsTrusts, Foundations and Wealth Management

Malta Foundations

INTRODUCTIONMaltese law allows for the establishment of various types of foundations, whether for a social or private purpose or for the benefit of named beneficiaries or a class thereof. DEFINITION OF FOUNDATIONA foundation is an organisation consisting of a universality of things constituted in writing, including by means of a will, by a founder or founders whereby assets are destined either:(a) for the fulfillment of a specified purpose; and/or(b) for the benefit of a named person or class of persons,and which are entrusted to the administration of a designated person or persons.TYPES OF FOUNDATIONS1. Purpose foundations(a) Public benefit foundationsA public…
MamoTCV Advocates
21st February 2020
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Mamo TCV delivers seminar on Dispute Resolution Legal Updates

Mamo TCV delivers seminar on Dispute Resolution

Mamo TCV recently delivered a seminar and workshop on dispute resolution to law students at the University of Malta in collaboration with the Junior Chamber of Advocates. The seminar was led by senior associates Michael Camilleri, Jonathan Abela Fiorentino & Matthew Cutajar from the firm's litigation practice group. The seminar featured a discussion on the various forms of dispute settlement in Malta, which was then followed by a workshop where participating students were given the opportunity to obtain a hands-on experience and put theory into practice. Disclaimer This document does not purport to give legal, financial or tax advice. Should you require further information…
MamoTCV Advocates
20th February 2020
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MFSA issues Circular on Market Infrastructure Matters in relation to Brexit Legal Updates

MFSA issues Circular on Market Infrastructure Matters in relation to Brexit

Following the United Kingdom's ("UK") withdrawal from the European Union ("EU"), the Malta Financial Services Authority ('MFSA') has issued a circular which provides an update on governance and reporting obligations.This update is relevant and applicable to all market participants, specifically those entities which fall within the ambit of the following securities markets' regulations:1.The Markets in Financial Instruments Directive ("MiFID II") and The Markets in Financial Instruments Regulation ("MiFIR II"); 2.The European Markets Infrastructure Regulation ("EMIR"); 3.The Central Securities Depositary Regulation ("CSDR"); 4.The Alternative Investment Fund Managers Directive ("AIFMD"); & 5.The Money Market Funds Regulation ("MMFR"). The UK's withdrawal agreement states…
MamoTCV Advocates
7th February 2020
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The FIAU issues sector specific Implementing Procedures applicable to the VFA sector. Legal Updates

The FIAU issues sector specific Implementing Procedures applicable to the VFA sector.

The Financial Intelligence Analysis Unit has issued sector specific Implementing Procedures which apply to Virtual Financial Assets ("VFA") Agents, VFA Service Providers, anyone conducting VFA offerings to the public and anyone who has notified the Malta Financial Services Authority of their intention to submit a licence application in terms of the VFA Act. The Implementing Procedures set out the manner in which these subject persons within the VFA sector must comply with AML/CFT obligations arising from the Prevention of Money Laundering and Funding of Terrorism Regulations ("PMLFTR").These sector specific Implementing Procedures are the result of the extended application, by means…
MamoTCV Advocates
7th February 2020