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Mamo TCV confirmed as one of Malta’s Top Law Firms by Chambers Europe News

Mamo TCV confirmed as one of Malta’s Top Law Firms by Chambers Europe

Mamo TCV’s position as one of the leading Maltese law firms was recognised again in this year’s Chambers Guide for Europe, which ranked the firm  as a “Band 1” law firm for “General Business Law” and “Band 2” for “Shipping”. Moreover, a number of our partners and associates were recognised as notable practitioners in their respective areas of practice. While Chambers described Mamo TCV Advocates as a stellar law firm with an acclaimed corporate and dispute resolution practice, the following members of our team were also singled out for their work: Andrew Muscat (Star Individual – Corporate/Commercial) Joseph Camilleri (Band…
Mamo TCV Advocates
17th March 2023
Malta to Apply the 2019 Hague Judgments Convention by 1st September 2023 Litigation & Dispute Resolution

Malta to Apply the 2019 Hague Judgments Convention by 1st September 2023

Malta, as a European Union (‘EU’) Member State, is bound to apply the 2019 Hague Convention on Recognition and Enforcement of Foreign Judgments in Civil or Commercial Matters, also known as the Hague Judgments Convention, from the 1st of September 2023. This Convention, concluded on the 2nd of July 2019 by the Hague Conference on Private International Law, pertains to one of the three fundamental pillars of private international law, that is, the recognition and enforcement of foreign judgments. The main objective of this legal instrument is to enhance cross-border transactions, ensure legal certainty and improve access to justice on…
Klara Cachia
13th March 2023
AI systems are ultimately complex computer codes whose output reflects their input. If the inputted data contains human bias, the AI system tends to produce results which exacerbates existing biases. In this insight briefing, we analyse the effect that human bias in AI could have on EU investment funds.
AI & Funds #5 – Human Bias Investment Services & Funds

AI & Funds #5 – Human Bias

In an underground burial temple located within the EU’s southernmost State, one can find a primitive drawing of a spiralling never-ending red tree. Archaeologists opine that the millennia-old Saflieni Hypogeum’s ‘Tree of Life’ was painted to give meaning to death. There is no evidence that the Maltese prehistoric biosphere sustained red spiralling trees. If archaeologists did not inform us about this pictorial human bias, one might have assumed that never-ending trees did exist in Malta. Humans understand that trees are not never-ending and the red artefact is merely an imaginary depiction. On the other hand, Artificial Intelligence (“AI”) knows that…
Mario Mizzi
9th March 2023
The European Data Protection Board has issued its Opinion on the European Commission’s Draft Adequacy Decision which constitutes a new framework for transatlantic transfers of personal data.
The EDPB Issues Opinion on the New EU-U.S. Data Privacy Framework Data Protection and PrivacyLegal Updates

The EDPB Issues Opinion on the New EU-U.S. Data Privacy Framework

On the 28th of February 2023, the European Data Protection Board (hereinafter referred to as the “EDPB”) issued its Opinion on the European Commission’s draft adequacy decision regarding the EU-U.S. Data Privacy Framework. Whilst acknowledging the significant improvements made to the Data Privacy Framework such as the improved new redress mechanism under the Executive Order on Enhancing Safeguards for United States Signals Intelligence Activities, the EDPB’s opinion also highlighted some issues of concern which had previously been raised so as to ensure that the new adequacy decision will be long-lasting. The principal issues of concern specifically relate to the data…
Mamo TCV Advocates
3rd March 2023
Legal Update
Corporate Legal Update for the Month of February 2023 Corporate and M&ALegal Updates

Corporate Legal Update for the Month of February 2023

Over the month of February 2023, a number of Legal Notices have been published within the area of company law. A batch of Legal Notices enumerated L.N. 25 of 2023, L.N. 26 of 2023, L.N. 27 of 2023 and L.N. 28 of 2023 were published on the 7th of February regulating cross-border mergers, divisions and conversions of limited liability companies, respectively. On the 21st of February, L.N. 41 of 2023 was published which repealed the Companies Act (Public Companies – Annual General Meetings) Regulations; a set of regulations published in the context of the Covid-19 pandemic with the aim to…
Mamo TCV Advocates
3rd March 2023
The legal obligation to disclose information is a frequent occurrence in investment services laws. The draft framework for regulating artificial intelligence in the EU also puts vigorous emphasis on transparency. In this insight briefing, we compare the transparency obligations under the AIFMD with Article 52 of the draft EU AI Act to analyse the former’s adroitness for AI utilisation.
AI & Funds #4 – Transparency Obligations Investment Services & Funds

AI & Funds #4 – Transparency Obligations

In the ‘Proposal for a Regulation laying down harmonised rules on artificial intelligence’ (the “draft EU AI Act”), transparency is regulated by Article 13 and Article 52 thereof. The former applies to systems of Artificial Intelligence (“AI”) which are classified as high-risk and the latter applies to limited-risk AI systems. As explained in the previous briefing of this series of insights on AI and investment funds, the use of AI in investment services will generally fall under limited-risk AI systems. The reason being that high-risk AI systems as defined under the draft EU AI Act do not include AI systems…
Mario Mizzi
2nd March 2023