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Civil Court (Commercial Section) on whether a #retrial of #liquidationproceedings is possible
Defining Damages: Decision on the Scope of Moral Damages Litigation & Dispute Resolution

Defining Damages: Decision on the Scope of Moral Damages

On 30th July 2024, when considering Application number 88/21/2, the Court of Appeal was tasked with deciding two primary issues and grievances brought forward by the appellants against the decision of the First Court. These were the appropriate multiplier for calculating the victim’s loss of future earnings, and moral damages following Act XIII of 2018. By addressing these pertinent legal issues, the Court sought to establish clear guidelines for the quantification of damages in personal injury cases, an area which has been marked by inconsistent judicial interpretations surrounding notions of lucrum cessans and damnum emergens. In its decision, the First…
Klara Cachia and Kirk Brincau
7th August 2024
EU Flags
MFSA Outlines Expectations for (Re)Insurance Outsourcing and Authority Delegation Insurance & Reinsurance

MFSA Outlines Expectations for (Re)Insurance Outsourcing and Authority Delegation

On the 9th of July 2024, the MFSA published a Circular setting out its expectations with regards to the requirements listed in paragraph 6.8 of Chapter 6: System of Governance of the Insurance Rules in circumstances where authorised undertakings: outsource a key and/or critical/important function to a service provider; and/or enter into an arrangement with a Managing General Agent (“MGA”) and/or an intermediary (“INT”) and/or a Third-Party Administrator (“TPA”), giving them delegated underwriting and/or claims and/or distribution authority. The MFSA made reference to the following authorised undertakings in this regard: authorised insurance undertakings, authorised reinsurance undertakings, captive insurance undertakings and…
Mamo TCV Advocates
7th August 2024
Regulatory Compliance Quarterly Update | Q2 2024 Insurance & ReinsuranceInvestment Services & FundsRegulatory Compliance

Regulatory Compliance Quarterly Update | Q2 2024

We are pleased to issue our ninth edition of the Regulatory Compliance Quarterly Updates. These updates are intended to keep Maltese regulated entities informed of regulatory changes and developments taking place in the local financial services space. In this issue, we focus on the sector specific and cross-sectoral regulatory updates relating to investment services, CSPs, fintech, insurance undertakings and insurance intermediaries. Our ninth Regulatory Compliance Quarterly Update can be found here .The Regulatory Compliance Quarterly Update does not purport to give legal, regulatory,financial or tax advice. Should you require further information or assistance, please do not hesitate to contact Michael…
Mamo TCV Advocates
2nd August 2024
Palazzo Pietro Stiges
Mamo TCV Advocates Admits a New Partner News

Mamo TCV Advocates Admits a New Partner

Mamo TCV Advocates is pleased to announce that Dr Veronica Grixti will be appointed as a partner of the firm with effect from 1st August 2024. Veronica obtained her Doctoral degree in Law from the University of Malta in 2004 and a Master of Law degree in Magister Juris (European & Comparative Law) in 2005 and joined the firm’s corporate and general commercial and insurance team as an associate in 2005. Her main fields of practice are insurance, general commercial, corporate, real estate, trust and inheritance law, with her primary area of practice being the provision of legal support to…
Mamo TCV Advocates
1st August 2024
Pier on Seashore in Malta
DORA: An Overview of the Maltese Legal Provisions Data Protection and PrivacyDORATelecoms, Media & Technology

DORA: An Overview of the Maltese Legal Provisions

On 16 July 2024, Legal Notice 166 of 2024 was published in Malta. This implemented the relevant provisions of DORA (full title being Regulation (EU) 2022/2554 of the European Parliament and of the Council of 14 December 2022 on digital operational resilience for the financial sector and amending Regulations (EC) No 1060/2009, (EU) 648/2012, (EU) 600/2014, (EU) No 909/2014 and (EU) 2016/1011) into Maltese law. The said provisions can now be found under the Malta Financial Services Authority Act (Digital Operational Resilience Act (DORA)) Regulations, 2024 (S.L. 330.20) – the ‘Maltese Regulations’. The Maltese Regulations shall come into force on…
Warren Ciantar and Neeraj Bharwani
31st July 2024