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Unfair Trading Practices in the Food Industry Corporate and M&A

Unfair Trading Practices in the Food Industry

In April 2018, the European Commission issued a proposal for a Directive on unfair trading practices in business-to-business relationships in the food supply chain, following a resolution by the European Parliament in 2016 for the Commission to submit a proposal in this regard. Presently, there is little harmonisation on how Member States combat unfair trading practices, with some Member States, including Malta, having no such legislation in place.The proposed Directive targets the imbalance of power in buyer-supplier relationships where the supplier is a small and medium-sized enterprise ('an SME') and the buyer is not. Small operators in the food supply…
Laura Spiteri
24th October 2018
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Unfair Trading Practices in the Food Industry Corporate and M&A

Unfair Trading Practices in the Food Industry

In April 2018, the European Commission issued a proposal for a Directive on unfair trading practices in business-to-business relationships in the food supply chain, following a resolution by the European Parliament in 2016 for the Commission to submit a proposal in this regard. Presently, there is little harmonisation on how Member States combat unfair trading practices, with some Member States, including Malta, having no such legislation in place.The proposed Directive targets the imbalance of power in buyer-supplier relationships where the supplier is a small and medium-sized enterprise ('an SME') and the buyer is not. Small operators in the food supply…
Laura Spiteri
24th October 2018
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Malta Budget 2019 News

Malta Budget 2019

Below are the salient points of the Malta Budget for 2019, which was presented to the House of Representatives by the Hon. Prof. Edward Scicluna, Minister of Finance, on 22 November 2018.Economic PerformanceMalta registered the highest fiscal surplus in the EU – Malta registered a surplus of €392.7 million, equivalent to 3.5% of GDP in 2017. Government debt has been reduced to 47% of GDP.Economic growth – Malta registered an economic growth of 5.4% in the first 6 months of 2018.Unemployment rate – Malta registered a record unemployment rate of 3.8%.Cost of living – The Minister announced that the cost…
MamoTCV Advocates
23rd October 2018
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Malta Budget 2019 News

Malta Budget 2019

Below are the salient points of the Malta Budget for 2019, which was presented to the House of Representatives by the Hon. Prof. Edward Scicluna, Minister of Finance, on 22 November 2018.Economic PerformanceMalta registered the highest fiscal surplus in the EU – Malta registered a surplus of €392.7 million, equivalent to 3.5% of GDP in 2017. Government debt has been reduced to 47% of GDP.Economic growth – Malta registered an economic growth of 5.4% in the first 6 months of 2018.Unemployment rate – Malta registered a record unemployment rate of 3.8%.Cost of living – The Minister announced that the cost…
MamoTCV Advocates
23rd October 2018
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Utmost Good Faith in Insurance Contracts Insurance & Reinsurance

Utmost Good Faith in Insurance Contracts

This article was written by Veronica Grixti and Joshua Chircop.In a judgement presided by Mr. Justice Toni Abela, in the names Knightsbridge Developments Limited vs Citadel Insurance plc, the Civil Court, First Hall held that the principle of utmost good faith in insurance contracts applies not only at the moment of conclusion of the contract but also throughout the course of the performance of such contract.The plaintiff company was planning to build a block of nineteen apartments with garages, a semi-basement car park and a cafeteria in St. Paul's Bay, Malta. The plaintiff therefore obtained a Contractors All Risk Insurance…
Veronica Grixti
23rd October 2018
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Utmost Good Faith in Insurance Contracts Insurance & Reinsurance

Utmost Good Faith in Insurance Contracts

This article was written by Veronica Grixti and Joshua Chircop.In a judgement presided by Mr. Justice Toni Abela, in the names Knightsbridge Developments Limited vs Citadel Insurance plc, the Civil Court, First Hall held that the principle of utmost good faith in insurance contracts applies not only at the moment of conclusion of the contract but also throughout the course of the performance of such contract.The plaintiff company was planning to build a block of nineteen apartments with garages, a semi-basement car park and a cafeteria in St. Paul's Bay, Malta. The plaintiff therefore obtained a Contractors All Risk Insurance…
Veronica Grixti
23rd October 2018