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Substantial Amendments to the Competition Act – the Salient Features Antitrust, Competition and Trade

Substantial Amendments to the Competition Act – the Salient Features

This article was written by Dr Annalies Muscat and Dr Laura SpiteriThe Competition Act and Consumer Affairs Act and other Laws (Amendment) Act ("the Amendment Act") was enacted on 31 May 2019. Parliament had first proposed amendments to the Competition Act (Cap 379 of the Laws of Malta) (the 'Act') following the Constitutional Court decision Federation of Estate Agents v Direttur Generali (Kompetizzjoni) et of 3 May 2016.After a public consultation and the Constitutional Court decision in Thake et vs Electoral Commission of 8 October 2018, a bill was presented to Parliament (see here ) with proposed amendments intended to…
Annalies Muscat
3rd July 2019
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MamoTCV presents donation to Dar tal-Providenza News

MamoTCV presents donation to Dar tal-Providenza

During the annual MamoTCV Quiz Night held on the 30th May 2019 the employees, associates and partners of the firm have collected the nice sum of €2600, this year to be donated to Dar tal-Providenza.This sum was presented to Dar tal-Providenza on the popular tv programme Xarabank, during the special edition dedicated to fund raising to help this special institution. Dr. Nicholas Valenzia and Dr. Jonathan Abela Fiorentino presented the cheque. Nicholas Valenzia, Jonathan Abela Fiorentino and young Giacomo presenting the cheque on the TV Programme Xarabank Nicholas Valenzia, Jonathan Abela Fiorentino and young Giacomo presenting the cheque on the…
MamoTCV Advocates
2nd July 2019
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Human Rights Update – A1-P1 cases decided in May 2019 Legal Updates

Human Rights Update – A1-P1 cases decided in May 2019

The European Court of Human Rights (the "ECtHR") has decided the following Article 1 of Protocol No. 1 ("A1-P1") cases during the month of May 2019: Zammit & Vassallo v. Malta  – where the European Court of Human Rights found a breach of applicants' right to property after the Maltese Government carried out a de facto expropriation of their flat in Senglea. The Maltese Government had failed to properly compensate the applicants for their loss, and the amount liquidated by the Constitutional Court was also too low. Application No. 43675/16 decided on the 28th May 2019Disclaimer This document does not purport…
MamoTCV Advocates
27th June 2019
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All Foundations and Associations to Submit Beneficial Ownership Information by 30th June 2019 Trusts, Foundations and Wealth Management

All Foundations and Associations to Submit Beneficial Ownership Information by 30th June 2019

This article was written by Dr Joshua Chircop and Dr Dorita Cardona.The Registrar for Legal Persons has announced that all foundations and associations are required to submit information on their beneficial ownership by the 30th June, 2019. This announcement follows another recent announcement by the Commissioner for Voluntary Organisations requiring all foundations and associations in Malta which qualify as voluntary organisations to enrol or notify the Commissioner by the 30th June 2019.  Foundations and Associations are required to comply with the Civil Code (Second Schedule) (Register of Beneficial Owners – Foundations) Regulations and the Civil Code (Second Schedule) (Register of…
Joshua Chircop
27th June 2019
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MFSA and FIAU issue Guidance Document for Credit Institutions, Payment Institutions and Electronic Money Institutions opening accounts for FinTechs. Legal Updates

MFSA and FIAU issue Guidance Document for Credit Institutions, Payment Institutions and Electronic Money Institutions opening accounts for FinTechs.

The Guidance Document for Credit Institutions, Payment Institutions and Electronic Money Institutions opening accounts for FinTechs has been jointly published by the Malta Financial Services Authority and the Financial Intelligence Analysis Unit, following a public consultation issued on the 27th March 2019. The Guidance Document aims to assist the Institutions in developing a better understanding of the risks concerning customers of the Fintech realm, to allow these Institutions to offer their services to such customers while ensuring full compliance to the Prevention of Money Laundering and Funding of Terrorism Regulations. The full document can be found here.Disclaimer This document does…
MamoTCV Advocates
20th June 2019
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Mamo TCV Delivers seminar on Voluntary Organisations and Foundations at Society Education Event Legal Updates

Mamo TCV Delivers seminar on Voluntary Organisations and Foundations at Society Education Event

On the invitation of Society Education, on 13th June, 2019 Mamo TCV Advocates delivered a seminar regarding recent amendments to the laws regulating voluntary organisations and foundations. On behalf of Mamo TCV Advocates, Dr Dorita Cardona and Dr Joshua Chircop delivered their three-hour presentation titled: 'Amendments to Voluntary Organisations and Foundations'.The presentation was split into two parts, with the first examining certain key amendments to the Voluntary Organisations Act, including major definitions, the rules on non-profit making, mandatory enrolment, the application to enrol, suspension and cancellation orders, money laundering, and permissible trading activities. The second part explored the amendments brought…
MamoTCV Advocates
20th June 2019