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Does A Going Concern Constitute Adequate Security? Litigation & Dispute Resolution

Does A Going Concern Constitute Adequate Security?

Any lending of funds needs to be adequately secured. This is a practice which every lender knows and should observe in order to adequately protect his credit. However, the meaning of "adequate security" is not straight forward and lenders must be careful when selecting their preferred security .This issue came to the fore in Malta in the judicial sale by auction initiated in year 2018 in the names Neofarma Pharmaceuticals Ltd. Vs Cauchi Gera et (Court Ref. No. 9/2018), by which The creditor company demanded the sale of a pharmacy licence. This meant that the immovable property where the pharmacy…
Kevin Cutajar
12th November 2018
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Mamo TCV Advocates receives top rankings in IFLR1000 Legal Updates

Mamo TCV Advocates receives top rankings in IFLR1000

Mamo TCV Advocates is pleased to have retained its ranking as a Top Tier Firm (Tier 1) in the Corporate and Finance category in the latest IFLR1000 EMEA Guide. This ranking recognizes Mamo TCV's position as one of the leading law firms in the Corporate and Finance practice areas.In addition to Mamo TCV Advocates earning Tier 1 status, Prof. Andrew Muscat and Dr. Michael Psaila ranked as "Highly Regarded" Banking & M&A Lawyers and Dr. Katya Tua ranked as "Highly Regarded" Investment Funds Lawyer.  IFLR1000 EMEA is the guide to the world's leading financial and corporate law firms. It produces…
MamoTCV Advocates
10th November 2018
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Mamo TCV Advocates receives top rankings in IFLR1000 Legal Updates

Mamo TCV Advocates receives top rankings in IFLR1000

Mamo TCV Advocates is pleased to have retained its ranking as a Top Tier Firm (Tier 1) in the Corporate and Finance category in the latest IFLR1000 EMEA Guide. This ranking recognizes Mamo TCV's position as one of the leading law firms in the Corporate and Finance practice areas.In addition to Mamo TCV Advocates earning Tier 1 status, Prof. Andrew Muscat and Dr. Michael Psaila ranked as "Highly Regarded" Banking & M&A Lawyers and Dr. Katya Tua ranked as "Highly Regarded" Investment Funds Lawyer.  IFLR1000 EMEA is the guide to the world's leading financial and corporate law firms. It produces…
MamoTCV Advocates
10th November 2018
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Amendments to the Voluntary Organisations Act Trusts, Foundations and Wealth Management

Amendments to the Voluntary Organisations Act

The Voluntary Organisations (Amendment) Act, 2018 (the "Act") was promulgated on the 6th November, 2018 to amend the Voluntary Organisations Act and to make consequential and other amendments to the Civil Code and to the Second Schedule to the Civil Code, the Public Collections Act, the Notarial Profession and Notarial Archives Act, the Arbitration Act and the Companies Act.The Act introduces categories of voluntary organisations ("VOs"), namely, government organisations, religious organisations and political organisations. It also incorporates new definitions for lawful purpose, market levels and market conditions and permissible private benefit.New rules have been introduced vesting the Commissioner for VOs…
Joshua Chircop
7th November 2018
pexels-photo-461049.jpeg
Amendments to the Voluntary Organisations Act Trusts, Foundations and Wealth Management

Amendments to the Voluntary Organisations Act

The Voluntary Organisations (Amendment) Act, 2018 (the "Act") was promulgated on the 6th November, 2018 to amend the Voluntary Organisations Act and to make consequential and other amendments to the Civil Code and to the Second Schedule to the Civil Code, the Public Collections Act, the Notarial Profession and Notarial Archives Act, the Arbitration Act and the Companies Act.The Act introduces categories of voluntary organisations ("VOs"), namely, government organisations, religious organisations and political organisations. It also incorporates new definitions for lawful purpose, market levels and market conditions and permissible private benefit.New rules have been introduced vesting the Commissioner for VOs…
Joshua Chircop
7th November 2018
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Malta, New kid on the Block Telecoms, Media & Technology

Malta, New kid on the Block

Dr Christina Scicluna's latest publication on the Times of Malta focuses on the regulatory framework surrounding virtual financial assets which has become effective 1st November 2018 in Malta. Link below for more details:https://www.timesofmalta.com/articles/view/20181106/business-news/malta-the-new-kid-on-the-blockchain.693557 Disclaimer This document does not purport to give legal, financial or tax advice. Should you require further information or legal assistance, please do not hesitate to contact Dr. Christina Scicluna.
MamoTCV Advocates
6th November 2018