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Rent Reform in Malta: An Overview of the Residential Leases Bill Real Estate & Construction

Rent Reform in Malta: An Overview of the Residential Leases Bill

This article was written by Dr. Zachary Galea and Dr. Dorita Cardona On the 2nd of July 2019, the Residential Leases Bill (Bill No. 91 of 2019) – the 'Bill' – was published in the Government Gazette of Malta (No. 20,223). The aim of this Bill is to bring into force by January 2020 the proposed Residential Leases Act, 2019 – the 'Act' – and to tackle many of the issues faced by lessors and lessees throughout the duration of their contractual periods of lease. The specific objects and reasons of the Bill are to promote the development of the private rented…
Zachary Galea
16th July 2019
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Rent Reform in Malta: An Overview of the Residential Leases Bill Real Estate & Construction

Rent Reform in Malta: An Overview of the Residential Leases Bill

This article was written by Dr. Zachary Galea and Dr. Dorita Cardona On the 2nd of July 2019, the Residential Leases Bill (Bill No. 91 of 2019) – the 'Bill' – was published in the Government Gazette of Malta (No. 20,223). The aim of this Bill is to bring into force by January 2020 the proposed Residential Leases Act, 2019 – the 'Act' – and to tackle many of the issues faced by lessors and lessees throughout the duration of their contractual periods of lease. The specific objects and reasons of the Bill are to promote the development of the private rented…
Zachary Galea
16th July 2019
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MFSA publishes Guidance Document on “Fit & Proper” Assessments Legal Updates

MFSA publishes Guidance Document on “Fit & Proper” Assessments

The MFSA (the "Authority") has issued a guidance document on the fitness and properness assessment which is currently applied by the Authority. This document outlines the high-level principles that must be adhered to in order to safeguard and ensure the integrity of the financial services sector.In assessing the fitness and properness of individuals proposed for, or holding, approved positions, the Authority assesses the following four criteria:i. Competence;ii. Reputation;iii. Conflicts of Interest and Independence of Mind; andiv. Time Commitment. It is important to note that this assessment is an on-going requirement and thus, even when individuals are approved, they will still…
MamoTCV Advocates
10th July 2019
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MFSA publishes Guidance Document on “Fit & Proper” Assessments Legal Updates

MFSA publishes Guidance Document on “Fit & Proper” Assessments

The MFSA (the "Authority") has issued a guidance document on the fitness and properness assessment which is currently applied by the Authority. This document outlines the high-level principles that must be adhered to in order to safeguard and ensure the integrity of the financial services sector.In assessing the fitness and properness of individuals proposed for, or holding, approved positions, the Authority assesses the following four criteria:i. Competence;ii. Reputation;iii. Conflicts of Interest and Independence of Mind; andiv. Time Commitment. It is important to note that this assessment is an on-going requirement and thus, even when individuals are approved, they will still…
MamoTCV Advocates
10th July 2019
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Amendments to the Consumer Affairs Act – new procedural safeguards for traders in public enforcement proceedings Corporate and M&A

Amendments to the Consumer Affairs Act – new procedural safeguards for traders in public enforcement proceedings

This article was written by Dr Annalies Muscat and Dr Laura SpiteriOn the 31 May 2019, Parliament enacted the Competition Act and Consumer Affairs Act and other Laws (Amendment) Act ("the Amendment Act").As the name implies, the Amendment Act amends not only the Competition Act (read more here), but also the Consumer Affairs Act ("the Act"). It is clear that following the Constitutional Court judgments in Federation of Estate Agents v Direttur Generali (Kompetizzjoni) et of 3 May 2016 and Thake et vs Electoral Commission of 8 October 2018 the need to amend the Consumer Affairs Act was felt. These…
Annalies Muscat
9th July 2019
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Amendments to the Consumer Affairs Act – new procedural safeguards for traders in public enforcement proceedings Corporate and M&A

Amendments to the Consumer Affairs Act – new procedural safeguards for traders in public enforcement proceedings

This article was written by Dr Annalies Muscat and Dr Laura SpiteriOn the 31 May 2019, Parliament enacted the Competition Act and Consumer Affairs Act and other Laws (Amendment) Act ("the Amendment Act").As the name implies, the Amendment Act amends not only the Competition Act (read more here), but also the Consumer Affairs Act ("the Act"). It is clear that following the Constitutional Court judgments in Federation of Estate Agents v Direttur Generali (Kompetizzjoni) et of 3 May 2016 and Thake et vs Electoral Commission of 8 October 2018 the need to amend the Consumer Affairs Act was felt. These…
Annalies Muscat
9th July 2019