Skip to main content

Insights

U.S. President Joe Biden has recently signed an Executive Order implementing the commitments made by the U.S. in the agreement reached with the EU concerning a new EU-U.S. data privacy framework.
The New EU-US Personal Data Transfer Framework Data Protection and Privacy

The New EU-US Personal Data Transfer Framework

The agreement on a new EU-U.S. data privacy framework between EU Commission President Ursula Von Der Leyen and U.S. President Joe Biden had already been announced on 25 March 2022 (for background, please refer to our previous article The EU-US Privacy Shield: Third Time’s a Charm? - Mamo TCV). However, the stability and longevity of the agreement was questioned by Austrian privacy activist Max Schrems who sent an open letter to stakeholders as a warning that the new framework risks being declared invalid, and consequently being struck down by the CJEU, should no reforms to U.S. law take place to…
Nicole Bonett and Warren Ciantar
28th November 2022
The MFSA issued a Circular to inform licence holders of the minor amendment made to the Annual Fund Return.
Amendment to the Annual Fund Return Investment Services & Funds

Amendment to the Annual Fund Return

On the 12th of April 2021, the Malta Financial Services Authority (‘MFSA’) introduced the requirement for all collective investment schemes that are locally licensed or notified to submit a novel return, being the Annual Fund Return. Various amendments to the Annual Fund Return have been made as can be seen in the Circular issued by the MFSA on the 21st of December 2021, along with the updated Guidelines. On the 18th of November 2022, the MFSA issued a Circular to inform licence holders of another minor amendment made to the Annul Fund Return. The MFSA informed the public that the…
Anthea Sammut​
25th November 2022
startupsinmalta.com
The Malta Start-Up Residence Programme Immigration

The Malta Start-Up Residence Programme

In conjunction with Malta Enterprise, Residency Malta Agency has launched a new residence programme for beneficiaries under the Malta Start-Up Residence Programme. Similar to the Nomad Residence Permit , the Malta Start-Up Residence Programme seeks to attract business-driven individuals to set up their new business venture in Malta. To be eligible to submit an application under this programme, applicants must fulfil the below Eligibility Criteria: - Have attained 18 years of age - Have a concrete intention to develop and/or expand their business in Malta - Be the founder or co-founder of an enterprise which has been registered for no…
Julian Fenech Adami
22nd November 2022
Mamo TCV Sponsors Bowling Event for Teen Klabb
Mamo TCV Sponsors Bowling Event for Teen Klabb News

Mamo TCV Sponsors Bowling Event for Teen Klabb

Last week Mamo TCV sponsored an afternoon of bowling for a group of over 30 children. Participants are attendees of Teen Klabb, an NGO set up with the aim of bringing together adolescents and young adults through the organisation of activities, held in a safe and secure environment, that integrate faith and learning. Further information about the club, which forms part of Kenosis Foundation, can be found here: https://www.facebook.com/teenklabb/
Mamo TCV Advocates
21st November 2022
MamoTCV Advocates contributes to the 10th Edition of The Insurance and Reinsurance Law Review
Mamo TCV Advocates Contributes to the 10th Edition of The Insurance and Reinsurance Law Review Insurance & ReinsuranceNews

Mamo TCV Advocates Contributes to the 10th Edition of The Insurance and Reinsurance Law Review

Mamo TCV has contributed to the 10th Edition of The Insurance and Reinsurance Law Review. This edition was edited by Simon Cooper (Ince Gordon Dadds LLP) and provides an overview of the legal and regulatory regime for (re)insurance undertakings and intermediaries in 30 jurisdictions. The publication provides guidance on legal and market developments in each jurisdiction aiding comparative analysis. The publication encourages a business-focused approach in comparison to standard legal guides. Mamo TCV’s contribution to the Malta chapter can be read or downloaded here. Disclaimer: This document does not purport to give legal, financial or tax advice. Should you require…
Mamo TCV Advocates
14th November 2022
The Proposed Pre-Insolvency Bill A review of the relevant sections of the Pre-Insolvency Bill
The Proposed Pre-Insolvency Bill Corporate and M&A

The Proposed Pre-Insolvency Bill

The Pre-Insolvency Bill (‘the Bill’) is at its second reading in Parliament. The Bill is being proposed as an Act to partially transpose EU Directive 2019/1023 (‘the Directive’) on preventive restructuring frameworks, on discharge of debt and disqualifications, and on measures to increase the efficiency of procedures concerning restructuring, insolvency and discharge of debt. In short, new legal tools are being provided in a bid to rescue viable businesses in distress from entering into a state of insolvency. The Bill is organised in different parts including early warning tools and crisis prevention, the entry into a preventive restructuring procedure and…
Mikiel Calleja and Tessa Borg Bartolo
9th November 2022