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ESG
ESG in Employment Business Breakfast News

ESG in Employment Business Breakfast

Environmental, Social, and Governance (ESG) principles have emerged as a crucial framework for assessing the sustainability and societal impact of businesses. During this business breakfast the focus shall be on the ‘S’ in ESG - the social pillar which focuses on the company’s relations with its workforce, dealing with areas such as labour management, health and safety policies and employee treatment, as well as the company’s impact on society in general. The panel will be discussing best HR practices which companies are implementing at their workplace in alignment with ESG principles. This will be an opportunity to discover what some…
Mamo TCV Advocates
12th June 2024
Mamo TCV advocates - During the month of June and July 2024, partners and staff at Mamo TCV are taking turns in assisting the Soup Kitchen OFM in Valletta.
Mamo TCV Providing Assistance to Soup Kitchen News

Mamo TCV Providing Assistance to Soup Kitchen

During the month of June and July 2024, partners and staff at Mamo TCV are taking turns in assisting the Soup Kitchen OFM in Valletta. The first team participating this week were our associates – Veronica Grixti (left) and Tessa Borg Bartolo (right) who were also accompanied by Ian Busuttil from the management team. Our volunteers helped in the preparation and serving of food, and afterwards in the necessary cleaning operations. On a daily basis the Soup Kitchen provides a hot, nutritious, well-balanced meal to many guests that might otherwise not be able to nourish themselves. The organisation offers other…
Mamo TCV Advocates
11th June 2024
Mamo TCV Advocates - The principle of equal pay for work of equal value to apply more extensively to workers of employment agencies
Extension of the Principle of Equal Pay for Work of Equal Value Employment and Industrial Relations

Extension of the Principle of Equal Pay for Work of Equal Value

The current Temporary Agency Workers Regulations (S.L. 452.106) regulate temporary agency workers, transposing Directive 2008/104/EC of the European Parliament and of the Council on temporary agency work into Maltese law. This legislation is meant to ensure equality of treatment between temporary agency workers and employees of the user undertaking (the entity for which the temporary agency workers would be providing their services). The present regulations make exceptions to the applicability of the principle of equal pay for work of equal value. To ensure better equality of treatment, a new legal notice 128 of 2024 entitled ‘Temporary Agency Workers Regulations, 2024’…
Christine Calleja and Erika Azzopardi Taliana
4th June 2024
Mamo TCV Advocates: Proposed Amendments to the Depositor Guarantee Scheme Directive. Such proposal has been adopted by the European Parliament on 24 April 2024.
European Parliament Adopts Amendments to the Depositor Guarantee Scheme Directive Banking & Finance

European Parliament Adopts Amendments to the Depositor Guarantee Scheme Directive

On the 24th of April 2024 the European Parliament (hereunder the ‘EP’) adopted the Proposal for the amendments to the Directive 2014/49/EU as regards the scope of deposit protection, use of deposit guarantee schemes funds, cross-border cooperation and transparency (the Directive hereunder referred to as the ‘DGSD’). The EP adopted the proposal with additional amendments to be assessed in line with the applicable European legislative process and, hence, the text is not final. These amendments are part of the proposed European package amending the framework on banks’ crisis management . One of the concepts considered under the DGSD is that…
Sarah Zerafa Lewis
4th June 2024
Mamo TCV Advocates - Act No XVIII of 2024 seeks to address certain issues in the provisions of the Companies Act
An Overview of the Recent Amendments to the Companies Act Corporate and M&A

An Overview of the Recent Amendments to the Companies Act

On 15th April 2024, Bill No. 96 titled the ‘Companies (Amendment) Bill’ was presented to Parliament by the Minister for the Economy, Enterprise and Strategic Projects for its first reading. The Bill was subsequently passed as Act No. XVIII of 2024 (the ‘Act’) on the 17th May 2024. The Act specifically seeks to clarify certain provisions related to inter alia the reduction of companies’ issued share capital and share cancellation following a share buy-back, the requisition of general meetings by shareholders and to improve the quality of reporting standards to the Registrar of Companies (the ‘Registrar’). The aim of this…
Neeraj Bharwani, Nicole Portelli and Michael Psaila
30th May 2024
Mamo TCV Advocates: Payments Insights #3 – Existing and Upcoming Strong Customer Authentication Requirements for PSPs
Payments Insights #3 –
Existing and Upcoming Strong Customer Authentication Requirements for PSPs Banking & FinanceFinTech

Payments Insights #3 –
Existing and Upcoming Strong Customer Authentication Requirements for PSPs

When the Second Payment Services Directive1 (‘PSD2’) replaced the First Payment Service Directive, the European Union (‘EU’) introduced the requirement of Strong Customer Authentication (‘SCA’). SCA enhances the security of electronic payments through additional layers of authentication with the aim to mitigate payment fraud. As we noted in the previous Payment Insight, the European Banking Authority (the ‘EBA’) opines that SCA requirements have been successful in preventing payments fraud resulting from the theft of customers’ credentials. In view of this, the upcoming amendments to the payment services regime will see the SCA requirements being enhanced in the proposed Payment Services…
Sarah Zerafa Lewis and Mario Mizzi
30th May 2024