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European Parliament Adopts a Resolution on the Restitution of Plundered Artwork Corporate and M&A

European Parliament Adopts a Resolution on the Restitution of Plundered Artwork

Due to growing public consciousness regarding the subject of artwork and cultural property plundered in times of war and colonialisation, the European Parliament has recently adopted a resolution asking for a harmonized system of laws aimed at regulating the restitution of such objects to their lawful owners.On the 17th January, 2019 the European Parliament voted resoundingly in favour of a resolution calling on the Union institutions and Member States to establish a legal framework encouraging the identification and recovery of artistic and cultural works. In particular, the resolution targets future transactions of those works which were obtained through confiscation or…
Mark Soler
15th February 2019
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Prospectus and Transparency Rules in Case of No-Deal Brexit Legal Updates

Prospectus and Transparency Rules in Case of No-Deal Brexit

On the 31 January 2019, the European Securities and Markets Authority (ESMA) issued three Q&As regarding the Prospectus Directive (PD) and the Transparency Directive (TD).The purpose of the Q&As is to promote common supervisory approaches and practices in the application of the PD and the TD in case of a no-deal Brexit. The Q&As provide the following clarifications in the event of a no-deal Brexit: 1.When issuers of equity securities and non-equity securities below 1,000 EUR who currently have the UK as their PD home Member State choose a new home Member State, they should choose between the EU27 Member…
MamoTCV Advocates
12th February 2019
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Prospectus and Transparency Rules in Case of No-Deal Brexit Legal Updates

Prospectus and Transparency Rules in Case of No-Deal Brexit

On the 31 January 2019, the European Securities and Markets Authority (ESMA) issued three Q&As regarding the Prospectus Directive (PD) and the Transparency Directive (TD).The purpose of the Q&As is to promote common supervisory approaches and practices in the application of the PD and the TD in case of a no-deal Brexit. The Q&As provide the following clarifications in the event of a no-deal Brexit: 1.When issuers of equity securities and non-equity securities below 1,000 EUR who currently have the UK as their PD home Member State choose a new home Member State, they should choose between the EU27 Member…
MamoTCV Advocates
12th February 2019
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Significant Number of Personal Data Breaches Reported to the Maltese Supervisory Authority Post GDPR Telecoms, Media & Technology

Significant Number of Personal Data Breaches Reported to the Maltese Supervisory Authority Post GDPR

Mamo TCV Advocates has recently contributed to an EU-wide survey carried out by DLA Piper focusing on the number of personal data breaches notified to regulators as well as the first fines issued under the new EU General Data Protection Regulation (GDPR) regime for the period from 25 May 2018 to International Data Protection Day on 28 January 2019.The survey, published on 6 February 2019, reveals that across Europe, following the coming into effect of the GDPR, more than fifty-nine thousand (59,000) personal data breaches were reported to local supervisory authorities with a total of 91 'GDPR fines' being imposed…
Claude Micallef Grimaud
12th February 2019
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Significant Number of Personal Data Breaches Reported to the Maltese Supervisory Authority Post GDPR Telecoms, Media & Technology

Significant Number of Personal Data Breaches Reported to the Maltese Supervisory Authority Post GDPR

Mamo TCV Advocates has recently contributed to an EU-wide survey carried out by DLA Piper focusing on the number of personal data breaches notified to regulators as well as the first fines issued under the new EU General Data Protection Regulation (GDPR) regime for the period from 25 May 2018 to International Data Protection Day on 28 January 2019.The survey, published on 6 February 2019, reveals that across Europe, following the coming into effect of the GDPR, more than fifty-nine thousand (59,000) personal data breaches were reported to local supervisory authorities with a total of 91 'GDPR fines' being imposed…
Claude Micallef Grimaud
12th February 2019
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MasterCard Fined €570 Million for Breaching Competition Rules Antitrust, Competition and Trade

MasterCard Fined €570 Million for Breaching Competition Rules

This article was written by​ Dr Annalies Muscat and Dr Laura Spiteri.​On 22 January 2019, the European Commission ("the Commission) fined MasterCard for limiting the possibility for retailers to benefit from lower interchange fees in other Member States.This follows the call for feedback on commitments offered by Visa and MasterCard regarding the competition concerns raised by inter-regional interchange fees for payment card transactions (read more here).The fine comes as a response to MasterCard's breach of competition rules, which MasterCard admitted to. Prior to the implementation of the Interchange Fee Regulation, the aim of which was to introduce caps on interchange…
Annalies Muscat
8th February 2019