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Corporate Legal Update for the Month of September 2023 Corporate and M&ALegal Updates

Corporate Legal Update for the Month of September 2023

On the 1st of September 2023, Legal Notice 208 of 2023 was published in the Supplement to the Government Gazette by the title of the Financial Collateral Arrangements (Amendment) Regulations (hereinafter referred to as the “Amendment Regulations”). The scope of these Amendment Regulations is to transpose the contents of article 89 of EU Regulation 2021/23 on a framework for the recovery and resolution of central counterparties, which provision amended  Directive 2002/47/EC on financial arrangements. The Amendment Regulations amend the principal regulations, the Financial Collateral Arrangements Regulations, Subsidiary Legislation 459.01. Among the amendments introduced by the Amendment Regulations are the introduction…
Mamo TCV Advocates
13th October 2023
Malta Top Ranked on the Cape Town Convention Compliance Index AviationNews

Malta Top Ranked on the Cape Town Convention Compliance Index

Malta has once again been top ranked on the Cape Town Convention Compliance Index. Malta came first in Europe and second worldwide on the Index, with a top score of 95 on 100. This was announced by the Minister for Transport, Hon. Aaron Farrugia, at this year’s MACE, the Malta Aviation Conference & Expo, taking place between the 11th and 12th of October, 2023 at the Hilton, Malta. Mamo TCV has once again attended MACE.The Convention on International Interests in Mobile Equipment was concluded in Cape Town on 16th November 2001 together with the Protocol on Matters Specific to Aircraft Equipment (CTC). The…
Mamo TCV Advocates
11th October 2023
Commercial Court’s Landmark Decision: Redefining Impracticability in Corporate Governance Corporate and M&ALitigation & Dispute Resolution

Commercial Court’s Landmark Decision: Redefining Impracticability in Corporate Governance

In the case 44/2023/ISB delivered on 6th October 2023, the applicant, a majority shareholder in a company requested the Civil Court (Commercial Section) to fix a date for an extraordinary general meeting of the company under Art 132(1) of the Companies Act in an attempt to remove two directors from the Board of Directors without adequately proposing replacements. Such a move could push the company into a precarious state of regulatory non-compliance, endangering its very existence as it may lose its operational license. These consequences also undermine the minority shareholder’s decade long commitment which contributed to the company’s consistent profitability,…
Kristen Camilleri and Jonathan Abela Fiorentino
11th October 2023
Mamo TCV to participate in the Malta Aviation Conference & Expo AviationNews

Mamo TCV to participate in the Malta Aviation Conference & Expo

Mamo TCV Advocates will once again be participating in MACE, the Malta Aviation Conference & Expo, taking place between the 11th and 12th of October, 2023 at the Hilton, Malta. Dr Nicholas Valenzia, Partner heading the Aviation & Shipping Practice Areas of the firm, Dr Joshua Chircop, Senior Associate, and Dr Aleandro Mifsud, Associate, will be attending the conference. MACE is back with its 5th edition in order to yet again bring the aviation industry together to discuss the threats and opportunities of the sector. The event that has since become part and parcel of the Central European Aviation calendar…
Mamo TCV Advocates
9th October 2023
Mamo TCV: In this second article, we shall consider sanctions from a Maltese law perspective.
Sanctions 2: International Sanctions from a Maltese Perspective Corporate and M&A

Sanctions 2: International Sanctions from a Maltese Perspective

Following from the recent geopolitical developments in Ukraine, there has been a heightened interest in sanctions, specifically, those sanctions being imposed against Russia. Through this series of articles, we aim to provide a general overview of the notion of sanctions, consider the local framework through which sanctions function in Malta, illustrate the general obligations which subject persons are required to observe vis-à-vis sanctions and discuss a general overview of the sanctions imposed by the EU against Russia. In this second article, we shall consider sanctions from a Maltese law perspective. The main legislation applicable to sanctions in Malta is the…
Edmond Zammit Laferla and Zachary Galea
6th October 2023
Mamo TCV Advocates: we shall provide a general overview of sanctions and the different types of international sanctions.
Sanctions 1: A Brief Overview of International Sanctions Corporate and M&A

Sanctions 1: A Brief Overview of International Sanctions

Following from the recent geopolitical developments in Ukraine, there has been a heightened interest in international sanctions. Through this series of articles, we aim to provide a general overview of the notion of sanctions, consider the local framework through which sanctions function in Malta, illustrate the general obligations which subject persons are required to observe vis-à-vis sanctions and discuss a general overview of the sanctions imposed by the EU against Russia. In this first article, we shall provide a general overview of sanctions and the different types of international sanctions. What are sanctions? International sanctions, although not strictly defined under…
Edmond Zammit Laferla and Zachary Galea
29th September 2023