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Further Cryptocurrency Exchanges Relocating to Malta Telecoms, Media & Technology

Further Cryptocurrency Exchanges Relocating to Malta

OKEX Technology Company Limited, commonly referred to as "OKEx", a crypto currency exchange with its main operations and head offices situated in Hong Kong, has announced that it will be expanding its operations to Malta. OKEx operates an online digital asset trading exchange platform which facilitates the deposit and withdrawal of digital assets by customers. OKEx also enables customers to engage in trading activities for spot trading and future contracts trading in cryptocurrencies. Malta has witnessed a wave of interest internationally in the cryptocurrency and DLT industry, as evidenced by the relocation of Binance and OKEx to Malta, which further strengthens…
Ian Busuttil
17th April 2018
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The MFSA issues Consultation Paper on proposed Financial Instrument Test applicable to DLT assets Telecoms, Media & Technology

The MFSA issues Consultation Paper on proposed Financial Instrument Test applicable to DLT assets

The Malta Financial Services Authority ("MFSA") has issued a Consultation Paper on the proposed introduction of a "Financial Instrument Test" in line with a previous MFSA Discussion Paper issued on 30 November 2017 on Initial Coin Offerings, Virtual Currencies and Related Service Providers.The proposed Financial Instrument Test will be crucial in determining whether a Distributed Ledger Technology ("DLT") asset, which was previously referred to as "Virtual Currency", will fall within current EU and national financial services legislation and regulatory frameworks, or within the ambit of the proposed Virtual Financial Assets Act ("VFAA") or will otherwise be exempt from regulation. The…
Ian Busuttil
16th April 2018
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The MFSA issues Consultation Paper on proposed Financial Instrument Test applicable to DLT assets Telecoms, Media & Technology

The MFSA issues Consultation Paper on proposed Financial Instrument Test applicable to DLT assets

The Malta Financial Services Authority ("MFSA") has issued a Consultation Paper on the proposed introduction of a "Financial Instrument Test" in line with a previous MFSA Discussion Paper issued on 30 November 2017 on Initial Coin Offerings, Virtual Currencies and Related Service Providers.The proposed Financial Instrument Test will be crucial in determining whether a Distributed Ledger Technology ("DLT") asset, which was previously referred to as "Virtual Currency", will fall within current EU and national financial services legislation and regulatory frameworks, or within the ambit of the proposed Virtual Financial Assets Act ("VFAA") or will otherwise be exempt from regulation. The…
Ian Busuttil
16th April 2018
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Malta Business Network Hosts Mamo TCV Talk on the GDPR Telecoms, Media & Technology

Malta Business Network Hosts Mamo TCV Talk on the GDPR

On Monday 16th April, the Malta Business Network will host a talk delivered by Dr Claude Micallef-Grimaud (a senior associate at Mamo TCV Advocates) on the practical steps towards applying in practice certain abstract rules found in the incoming EU General Data Protection Regulation (GDPR). The event starts at 6.30pm and will take place at the Xara Lodge in Rabat, Malta.More details are available here: https://maltabusinessnetwork.com/event/gdpr-practical-steps-towards-applying-certain-abstract-rules-practice/
Claude Micallef Grimaud
16th April 2018
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Malta Business Network Hosts Mamo TCV Talk on the GDPR Telecoms, Media & Technology

Malta Business Network Hosts Mamo TCV Talk on the GDPR

On Monday 16th April, the Malta Business Network will host a talk delivered by Dr Claude Micallef-Grimaud (a senior associate at Mamo TCV Advocates) on the practical steps towards applying in practice certain abstract rules found in the incoming EU General Data Protection Regulation (GDPR). The event starts at 6.30pm and will take place at the Xara Lodge in Rabat, Malta.More details are available here: https://maltabusinessnetwork.com/event/gdpr-practical-steps-towards-applying-certain-abstract-rules-practice/
Claude Micallef Grimaud
16th April 2018
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Employer files counter-claim against ex-employee seeking damages Employment and Industrial Relations

Employer files counter-claim against ex-employee seeking damages

In the case of Brian Schembri v National Orchestra Limited, which is currently pending before the First Hall of the Civil Court, the ex-employee sued the employer for payment of three years' salary according to contract, in view of the fact that the employer had terminated the employment contract. In a rather interesting twist, the employer not only defended its position by arguing that it had terminated the contract for sufficient reasons, considering also that the employee himself had abandoned his employment, but it filed a counter-claim against the employee claiming damages suffered as a result of the ex-employee's actions.…
Christine Calleja
11th April 2018