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Banking & Finance

Mamo TCV contributes to Taylor Wessing’s Offshore Security Enforcement Guide

​Mamo TCV has contributed to Taylor Wessing's Offshore Security Enforcement Guide, 2016 further cementing its status as to the "go-to" Maltese law firm for several foreign international firms, particularly in the practice areas of banking, corporate finance and security-backed financing. The aim behind this Guide is to offer a handy and easily accessible comparative exercise on a number of key financial jurisdictions (including Malta) with an emphasis on enforcing security. This Guide is intended to serve as an overview and does not purport to replace specialist legal advice and is not intended to act as a substitute for obtaining legal…
Simon Pullicino
4th November 2016
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Public Procurement and State Aid

New Public Procurement Regulations Issued on the 28th of October 2016

On the 28th of October, 2016, four new legal notices were issued which will significantly change the regime of public procurement law in Malta. The legal notices are meant to transpose into Maltese law the 2014 EU Public Procurement Directives namely:Directive 2014/23 - on the Award of Concession ContractsDirective 2014/24 - on public procurement (repealing Directive 2004/18/EC)Directive 2014/25 - on procurement by entities operating in the water, energy, transport and postal services sectors (repealing Directive 2004/17/EC) - the "Utilities Directive"In line with Directive 2014/23, the Concession Contract Regulations (L.N. 353 of 2016) now specifically regulate the award of works and service…
Joseph Camilleri
1st November 2016
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Trusts, Foundations and Wealth Management

New Regulations on Protected Disability Trusts

In virtue of the powers conferred by Article 57 (1) of the Trusts and Trustees Act, Chapter 331 of the Laws of Malta (hereinafter referred to as 'the Act'), the Minister of Finance, acting on the advice of the Malta Financial Services Authority (hereinafter referred to as 'the MFSA'), has recently promulgated the Trusts and Trustees Act (Protected Disability Trusts) Regulations (hereinafter referred to as 'the Regulations'). The Regulations were promulgated in virtue of Legal Notice 324 of 2016 and published on the Government Gazette on the 7th of October 2016.PurposeThe purpose of the Regulations is to regulate the establishment and…
Joseph Borg Bartolo
1st November 2016
News and Publications

MFSA Launches “Notified AIF” Regime

The MFSA held an information session on the 1st April 2016 which detailed a proposal to simplify Malta’s current fund regime and launch a new framework for the notification of Alternative Investment Funds. In order to improve the overall competitiveness of the Maltese funds market and enhance the efficiency of the authorisation process, the MFSA will be undergoing a complete regulatory review of the current fund regime namely through a: •             Consolidation of the currently available fund regimes •             Review of the fund authorisation processes •             Revamp of fund application forms and related rulebooks. A key reform in this regard…
MamoTCV Advocates
1st July 2016
News and Publications

EU Council lift sanctions against Iran

The MFSA has issued a Notice to all Financial Services Licence Holders confirming the removal of sanctions against the state of Iran via EU Council Regulations adopted on the 16th January 2016. Such measures primarily: •             Remove the entities and individuals that were previously on the sanctions lists and assets pertaining thereto. •             Removes previous restrictions relating to transfer of funds to and from Iran •             Reallows the  provision of banking services including the establishment of correspondent banking relationships and opening of accounts for non-listed Iranian institutions and persons •             Reallows the opening of branches, subsidiaries or representative offices of…
MamoTCV Advocates
1st July 2016
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Winding Up and Insolvency

Merger of Mamo TCV Advocates and Simon Tortell & Associates

We are very happy to announce that the law firms of Mamo TCV Advocates and Simon Tortell & Associates are merging with effect from 1 July 2016. The newly merged law firm will continue to be known as Mamo TCV.As a consequence Mamo TCV will admit three new partners Michael Psaila, Frank Testa and Katya Tua. We are very excited about this development and are convinced that by combining the mutual strengths of the two firms and complementing its practice areas with additional expertise, Mamo TCV will be in a position to further grow its practice and provide its esteemed…
Andrew Muscat
1st July 2016