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The Distribution of the Life Insurance Proceeds Between Ex-Spouses Insurance & ReinsuranceLitigation & Dispute Resolution

The Distribution of the Life Insurance Proceeds Between Ex-Spouses

The First Hall, Civil Court delivered a judgement on the 13th July 2023 (Rikors Nru: 749/2020FDP) about the manner in which the maturity proceeds of a life policy with profits were to be distributed by the defendant insurer, Eagle Star (Malta) Limited, between the plaintiff and the other defendant (the latter two, collectively referred to as “the ex-spouses”). The life policy was issued in the name and on the life of the plaintiff while said plaintiff was married to the other defendant and their matrimonial regime was regulated by the community of acquests. Before the life policy had matured, the…
Veronica Grixti
6th September 2023
Rainfall or No Rainfall Insurance & ReinsuranceLitigation & Dispute Resolution

Rainfall or No Rainfall

In a judgement dated 25th January 2023 in the names Knightsbridge Developments Limited vs Citadel Insurance plc, Rik. Nru. 978/08 (TA), the Court of Appeal explained how the exclusion in the insurance policy prevailed over the application of the concept of proximate cause, as it is commonly applied. This decision makes an important contribution to the body of Maltese insurance substantive law. This case focused on an insurance claim made by the plaintiff against the defendant insurance company under a ‘Contractors All Risk Policy’ that was issued by the defendant insurance company in favour of the plaintiff  in relation to…
Veronica Grixti
31st August 2023
Mamo TCV Advocates: New Data Protection Law Relating to Third Party rights
New Law enables Third Parties to a Contract to benefit from Data Protection Rights Data Protection and Privacy

New Law enables Third Parties to a Contract to benefit from Data Protection Rights

A recently published Legal Notice (204 of 2023) has created the “Enforcement of the Rights of Data Subjects in relation to Transfers of Personal Data to a Third Country or an International Organisation Regulations” (Subsidiary Legislation 586.12). This marks the first time that an entirely new subsidiary law has been enacted under the auspices of the Data Protection Act (Chapter 586 of the laws of Malta), since June 2018, shortly after the coming into force of the GDPR. S.L. 586.12 resolves a long-standing lacuna in the field of Maltese data protection law. The scope and purpose of this new law…
Mamo TCV Advocates
30th August 2023
MBR Penalties successfully challenged before the Civil Court
Successful Challenge to Administrative Penalties Imposed by the Registry of Companies Corporate and M&A

Successful Challenge to Administrative Penalties Imposed by the Registry of Companies

In its judgement delivered on 14th June 2023 in the names of Marco Aquilina & Euro Concrete Blocks Limited vs. Ir-Registratur tal-Kumpaniji, the Civil Court (Commerce Section), presided over by Mr. Justice Ian Spiteri Bailey,  decided in favour of the plaintiffs, who successfully challenged the payment and settlement of various alleged administrative penalties imposed by the Registrar of Companies.  The Registrar of Companies has recently filed an appeal to the judgement delivered by the Civil Court (Commerce Section). The pertinent facts of the case are as follows. Background By means of a judicial letter dated 20th January 2022, the plaintiffs…
Andrea Theuma and Gabrielle Bezzina
18th August 2023
The Representative Actions Act,
a Brief Overview Litigation & Dispute Resolution

The Representative Actions Act,
a Brief Overview

The Maltese law transposing European Union Directive on representative actions for the protection of the collective interests of consumers, Directive (EU) 2020/1828 of the 25th of November 2020, came into force by means of Act XVII of 2023 on the 25th of June 2023 (hereinafter referred to as the “Representative Actions Act” or the “Act”).  This Directive is intended to serve as a model for representative actions on behalf of European consumers in situations wherein their interests are collectively harmed. In Malta, although class actions are already provided for in terms of the Collective Proceedings Act (Chapter 520 of the…
Paula Briffa and Christine Calleja
16th August 2023
Legal Update
Corporate Legal Update for the Month of July 2023 Corporate and M&ALegal Updates

Corporate Legal Update for the Month of July 2023

The MFSA published a Circular on the 13th  of July 2023 regarding a Public Statement issued by the European Securities and Markets Authority (hereinafter referred to as “ESMA”) outlining sustainability disclosure expectations in prospectuses. This was addressed to issuers and their advisory teams in the process of drawing up prospectuses. The statement aims to coordinate national authorities' review of sustainability disclosures in prospectuses, inform issuers and advisors about expected disclosures and enhance investor decisions by emphasizing sustainability-related disclosures. On the 14th of July 2023, the Crowdfunding Service Provider Act (Act No. XXV of 2023) was enacted. The purpose of this act…
Mamo TCV Advocates
16th August 2023