Insights

Legal Updates

Extension of Consultation Period

The MFSA has notified industry participants and interested parties that the Consultation period for the Guidance on Cybersecurity, issued on the 8 February 2019, has been extended to Monday 25 March 2019. The Note may be accessed via the following link:https://www.mfsa.com.mt/wp-content/uploads/2019/03/20190311_CSGCD_Extention_FINAL.pdf Disclaimer This document does not purport to give legal, financial or tax advice. Should you require further information or legal assistance, please do not hesitate to contact info@mamotcv.com

MamoTCV Advocates14th March 2019

News

Mamo TCV participates at the KSU Careers Expo 2019

Mamo TCV Advocates participated for the second consecutive year in the Kunsill Studenti Universitarji (KSU) Careers Expo which was held at the University of Malta between the 5th and 7th March. Lawyers from the Firm met with students at the Firm's stand where they answered questions in relation to the Firm's 2019 student internship program, as well as questions on their prospective careers and life at the Firm in general. Lawyers from Mamo TCV also took part in the Live Interview sessions organised for the first time this year by KSU where students were given the opportunity to ask a…

MamoTCV Advocates13th March 2019

Investment Services & Funds

Precautionary Measures Adopted by ESMA and Other EU Securities Regulators in the Case of a No-Deal Brexit Scenario

On the 29th of March 2019 the UK will leave the European Union ('EU') in what is an unprecedented event in modern European history. As a result of this decision, Europe's biggest capital market will move outside of the EU, raising a number of regulatory challenges across a number of areas, specifically in the sphere of data reporting and clearing and settlement. Therefore, with the prospect of a no-deal Brexit scenario looming, the European Securities and Markets Authority ('ESMA') and other EU securities regulators have adopted a number of precautionary measures which will serve to overcome the arising challenges and…

MamoTCV8th March 2019

Real Estate & Construction

Establishment of Land Registration Agency

This article was written by Dr Veronica Grixti and Dr Joshua Chircop.A Land Registration Agency (the 'Agency') has been established by virtue of the Land Registration Agency (Establishment) Order, 2019 (the 'Order') under Legal Notice 4 of 2019. The Order has been promulgated in exercise of the powers conferred on the Prime Minister by Article 36 of the Public Administration Act, Chapter 497 of the Laws of Malta (the 'Act').FunctionsThe Order states that the Agency shall have the following responsibilities:1. to carry out the functions and duties of public administration in relation to Land Registration, by virtue of the Land…

Veronica Grixti7th March 2019

Corporate and M&A

New Regulations on the Importation of Plant Material from Foreign Countries

If one wishes to import foreign plants into Malta or Gozo, it would be worth noting the new Propagation Material of Ornamental Plants Regulations (the "Regulations"). These Regulations came into force on the 5th October 2018 and ensure that any propagation material of ornamental plants produced or placed on the Maltese market meet predetermined standards of quality. Commission Directives 1993/49/EEC, 1998/56/EC, 1999/67/EC, 1999/68/EC and Commission Implementing Directive (EU) 2018/484 have been transposed by virtue of the Regulations. These instruments were enacted at EU level to harmonize the health and quality standards of plants circulating within the free market. All biological…

Mark Soler6th March 2019

Corporate and M&A

Regulations to Relieve Stamp Duty on Transfers of Business Property

The Duty on Donations of Marketable Securities and Immovable Property Used for Business (Exemption) Order (the "Order"), recently amended by Legal Notice 412 of 2018, introduces a reduced rate of duty for gratuitous transfers of business property. The aim is to partially relieve the burden placed on individuals who intend to transfer immovable property forming part of a family business.The Order applies, inter alia, to individuals transferring, by gratuitous title, immovable property being a commercial tenement as defined in article 1525 of the Civil Code, that had been used in a family business as defined in the Family Business Act…

Mark Soler1st March 2019