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Mamo TCV Again Confirmed as One of Malta’s Leading Law Firms in the Legal 500 2020 Edition.

The Legal 500 EMEA published its 2020 edition and rankings on 15th April, 2020 and once again recognized Mamo TCV Advocates as one of the leading law firms in Malta. Apart from the top tier ranking for the firm in practically all its areas of practice, 3 of our partners were recognized as "Leading Lawyers" and another 14 partners and associates were singled out for their work. This is how the Legal 500 described our work and expertise:AVIATION - TIER 1Mamo TCV Advocates' aviation practice specialises in asset finance, tax and corporate set-ups, aircraft ownership and leasing, and claims handling.…

MamoTCV Advocates16th April 2020

Antitrust, Competition and Trade COVID19 Measures

State Aid Extension Update – Commission Adopts Amended State Aid Temporary Framework

This article was written by Dr Annalies Muscat and Dr Laura SpiteriOn 3 April, 2020, the European Commission adopted an extension to the State Aid Temporary Framework (the "Framework"), which is to form part of the Framework that was initially put into effect on 19 March, 2020. The amended Framework provides for additional types of aid measures intended to help businesses involved in the fight against the current pandemic and to preserve employment. The extended Framework allows for more flexibility with the cumulation of State aid. While the initial Framework did not allow for aid in the form of guarantees…

Annalies Muscat9th April 2020

Investment Services & Funds Legal Updates

ESMA Publishes Guidance on Performance Fees in UCITS and Certain AIFs

On the 3rd April, 2020, the European Securities and Markets Authority ("ESMA") published its final guidelines on performance fees in Undertakings for Collective Investments in Transferable Securities ("UCITS") and certain types of Alternative Investment Funds ("AIFs"). The guidelines provide comprehensive guidance to fund managers when designing performance fee models for the funds they manage, including the assessment of the consistency between the performance fee model and the fund's investment objective, policy and strategy, particularly when the fund is managed in reference to a benchmark.Their purpose is to harmonise the way fund managers charge performance fees to retail investors, as well…

MamoTCV Advocates9th April 2020

Aviation COVID19 Measures Shipping, Yachting and Transport Tourism, Leisure & Hospitality

COVID-19: Commission provides guidance on EU passenger rights

Following the introduction of various measures across Member States due to the COVID-19 pandemic, including travel restrictions and border controls, passengers and transport operators are having to face cancellations and delays in transport. The European Commission has published the Interpretative Guidelines on EU passenger rights regulations in the context of the developing situation with Covid-19 (hereinafter referred to as the "Guidelines") to ensure that EU passenger rights are applied consistently across the EU Member States. The Guidelines cover the rights of passengers when travelling by air, rail, ship or bus/coach, maritime and inland waterways, as well as the corresponding obligations…

Joshua Chircop9th April 2020

COVID19 Measures Immigration

Return to Malta by Sunday, 12th April, 2020

Return to Malta by Sunday, 12th April, 2020On Tuesday, 7th April, 2020 the Ministry for Foreign and European Affairs issued a statement urging Maltese nationals who are still residing abroad to make their way back to Malta by no later than Sunday, 12th April, 2020.With the increasing spread of the COVID-19 virus, coupled with the numerous lockdowns of airports abroad, the Maltese government has stated that Maltese nationals should return back to Malta via Frankfurt Main or via London Heathrow.Those who choose to return are to send their flight itinerary, together with a copy of their passport biometric page, to…

Julian Fenech Adami8th April 2020

COVID19 Measures Immigration

Further Changes to Identity Malta Agency and the Expatriates Unit

Further Changes to Identity Malta and ExpatriatesIn view of the constant developments which are taking place due to COVID-19, many measures have been taken both on a national and global scale to help prevent the spread of the novel corona virus. Identity Malta have also taken the necessary measures in the interest of public health and to help minimize the spread. Non-EU NationalsOne of the main measures taken by Identity Malta is that it has completely stopped all work permit applications until further notice. However, certain exceptions to this rule are applicable.Work permit applications may be split up into two:…