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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 On the 21st of February, L.N. 41 of 2023 was published which repealed the Companies Act (Public Companies – Annual General Meetings) Regulations; a set of regulations published in the context of the Covid-19 pandemic with the aim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
To Notify or Not to Notify? Merger Control Rules in Malta
Should the Gun be Jumped? A Brief Insight into Merger Control in Malta Antitrust, Competition and Trade

Should the Gun be Jumped? A Brief Insight into Merger Control in Malta

Merger control constitutes the analysis carried out by the Office for Competition (the ‘Office’) in its assessment of those corporate transactions notifiable to it. The aim behind such an assessment is for the Office to consider whether that transaction – taking the form of the creation of a ‘concentration’ – is likely to impede effective competition. The Control of Concentration Regulations1 identify three types of concentrations: mergers, when two or more undertakings previously independent of one another fuse together resulting in an amalgamated new entity. acquisition of control, which consists of the acquisition of (in)direct control in an undertaking either…
Laura Spiteri
28th February 2023
Title [Capitalize the first letter of all words in the title - except short ones like ‘a’, ‘of’ etc.] [Please keep News Update Titles as short as possible} MFSA publishes Consultation Document on Proposed Amendments to the Insurance Business Act and Insurance Distribution Act
Proposed Amendments to the IBA and IDA set out by MFSA in Consultation Document Insurance & ReinsuranceLegal Updates

Proposed Amendments to the IBA and IDA set out by MFSA in Consultation Document

The MFSA published a Consultation Document on proposed amendments to the Insurance Business Act (hereinafter referred to as the “IBA”) and the Insurance Distribution Act (hereinafter referred to as the “IDA”) on the 22nd of February. The MFSA also made available the draft legislation, as well as a podcast laying down the proposed amendments. The amendments which have been put forward are geared towards allowing insurance undertakings authorised under the IBA, enrolled persons and companies under the IDA forming part of a group of companies, as well as Maltese branches or subsidiaries of multinational groups, to share confidential client information…
Mamo TCV Advocates
24th February 2023
Mamo TCV Advocates ranks Band 1 in Chambers Global 2023 for General Business Law News

Mamo TCV Advocates ranks Band 1 in Chambers Global 2023 for General Business Law

Chambers Global recently published its 2023 Global Guide and once again recognised Mamo TCV as one of the leading law firms in Malta. The firm was ranked as a Band 1 Firm for “General Business Law” – which was the only practice area in which Maltese firms were ranked. Chambers described the firm as a “stellar law firm with an acclaimed corporate and dispute resolution practice. The team often represents clients in commercial litigation, real estate disputes and contentious debt collection and credit recovery proceedings."  Mamo  TCV Advocates "frequently acts for clients on corporate restructurings and M&A transactions. The firm…
Mamo TCV Advocates
23rd February 2023