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EIOPA publishes responses to the ‘Recommendations for the insurance sector in light of the United Kingdom withdrawing from the European Union’. Insurance & Reinsurance

EIOPA publishes responses to the ‘Recommendations for the insurance sector in light of the United Kingdom withdrawing from the European Union’.

On the 31st October 2019, the European Insurance and Occupational Pensions Authority (EIOPA) issued the responses provided by the competent authorities of each individual member state in relation to the 'Recommendations for the insurance sector in light of the United Kingdom withdrawing from the European Union' which EIOPA had published on the 19th February 2019 ("the EIOPA Recommendations"). In its response to EIOPA Recommendations, the Maltese financial services regulator, the Malta Financial Services Authority (MFSA), has indicated that it complies or will comply with the recommendations included in the EIOPA Recommendations.In particular, in its response, MFSA indicated that a communication…
Romina Bonnici
27th November 2019
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Private Residential Leases Act 2019 Real Estate & Construction

Private Residential Leases Act 2019

Overview and scopeThe Private Residential Leases Act has been enacted by virtue of Act No. XXVIII of 2019, hereinafter referred to as "the Act". The object of this Act is to promote the development of the private rented sector by ensuring standards of fairness, clarity and predictability in contractual relations between lessors and lessees, and to safeguard and protect the right to adequate accommodation.ApplicationThe Act shall apply to private residential leases that are entered into or renewed after the entry into force of the Act. This rests on the proviso that leases which were granted after 1st June 1995 and…
Veronica Grixti
20th November 2019
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MFSA Launches Consultation on Company Service Providers Legal Updates

MFSA Launches Consultation on Company Service Providers

The MFSA has recently issued a consultation document on Company Service Providers. The scope of the proposed enhanced requirements is to raise the standard of the Company Service Providers sector in Malta in view of the concerns raised by the Committee of Experts on the evaluation of the Anti-Money Laundering Measures and the Financing of Terrorism ('MoneyVal') in its Fifth Round Mutual Evaluation Report on Malta in July 2019.The consultation document summarises the applicable regulatory framework for Maltese Company Service Providers in order to raise awareness of their obligations and expectations. The Authority is proposing a review of Malta's existing…
MamoTCV Advocates
15th November 2019
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Court Decides that Act XXVII of 2018 Balances the Rights of the Owners and Tenants Litigation & Dispute Resolution

Court Decides that Act XXVII of 2018 Balances the Rights of the Owners and Tenants

The article was written by Dr. Kirk Brincau and Dr. Matthew Cutajar.Civil Court, First Hall (Constitutional Jurisdiction), Gerald Camilleri et vs Advocate General et, 31st October 2019Gerald Camilleri and his wife (the 'applicants') purchased a property in Sliema which is regulated under the Housing (Decontrol) Ordinance, Chapter 158 of the Laws of Malta and which is tenanted by third parties having a title of lease by virtue of a previous title of emphyteusis.The applicants initiated proceedings in front of the First Hall, Civil Court (Constitutional Jurisdiction) (the 'Court') claiming that their right to property safeguarded under the Constitution as well…
Kirk Brincau
1st November 2019
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Court Confirms €90,374.43 Awarded for Unfair Dismissal Employment and Industrial Relations

Court Confirms €90,374.43 Awarded for Unfair Dismissal

The Court of Appeal (Inferior) confirmed the sum of ninety thousand, three hundred and seventy-four euro and forty-three cents (€90,374.43) granted by the Industrial Tribunal following a finding of unfair dismissal in the case of Publius Davison vs De La Rue Currency and Security Print Limited (Appeal nr 160/2018, decided on the 11th of October 2019). The case was filed by Publius Davison (hereinafter referred to as 'the applicant') on the 2nd of July 2008 after he had been dismissed from his employment on the 19th of June 2008.The applicant was a security guard with a salary of thirty thousand,…
Kirk Brincau
30th October 2019
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The Single-Use Plastics Products Strategy for Malta 2020-2030 Planning & Environment

The Single-Use Plastics Products Strategy for Malta 2020-2030

This article was written by​ Dr Annalies Muscat and Dr Laura Spiteri.​The Maltese Government issued the Single-Use Plastic Products Strategy for Malta 2020-2030 (the 'Strategy') in May 2019, just before the Directive 2019/904 of the European Parliament and of the Council of 5 June 2019 on the reduction of the impact of certain plastic products on the environment (the 'Directive') was brought into force. The Strategy's stated aim is to aid Malta's move towards a more circular economy in the light of the work carried out by the European Commission towards this end. It highlights measures to be taken to eliminate…
Annalies Muscat
28th October 2019