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Employee Share Schemes Corporate and M&A

Employee Share Schemes

Employee share schemes have not been as widely used in Malta as they have in some of our European neighbours. However, in general, companies use employee share schemes to attract, retain and reward talent by offering their employees a share in the success they help to create in the company. They provide a form of cash free reward and/or remuneration for employers as well as align the interests of employees with those of the company's shareholders to enhance performance and the company's success.1. PurposeThe company must first look at what it wishes to achieve from the implementation of the scheme.…
Mikiel Calleja
16th January 2019
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News Update: MFSA Announces Establishment of Online Trusts UBO Register Legal Updates

News Update: MFSA Announces Establishment of Online Trusts UBO Register

Following the transposition of the Fourth Anti-Money Laundering Directive (Directive 2015/849/EU) in Malta, the Malta Financial Services Authority (MFSA) established an ultimate beneficial owner (UBO) register for companies, trusts and other organisations.In this regard, the MFSA has announced that it has developed an online platform for the Trusts Ultimate Beneficial Ownership Register (the Register) which facilitates the electronic submission of beneficial ownership information of trusts, as well as providing online access of this information to entitled parties. Various national competent authorities, such as the Financial Intelligence Analysis Unit (FIAU), national tax authorities, the Police, the Asset Recovery Bureau, the Comptroller…
MamoTCV Advocates
16th January 2019
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News Update: MFSA Announces Establishment of Online Trusts UBO Register Legal Updates

News Update: MFSA Announces Establishment of Online Trusts UBO Register

Following the transposition of the Fourth Anti-Money Laundering Directive (Directive 2015/849/EU) in Malta, the Malta Financial Services Authority (MFSA) established an ultimate beneficial owner (UBO) register for companies, trusts and other organisations.In this regard, the MFSA has announced that it has developed an online platform for the Trusts Ultimate Beneficial Ownership Register (the Register) which facilitates the electronic submission of beneficial ownership information of trusts, as well as providing online access of this information to entitled parties. Various national competent authorities, such as the Financial Intelligence Analysis Unit (FIAU), national tax authorities, the Police, the Asset Recovery Bureau, the Comptroller…
MamoTCV Advocates
16th January 2019
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European Union Blockchain Observatory and Forum Publishes its First Thematic Report NewsTelecoms, Media & Technology

European Union Blockchain Observatory and Forum Publishes its First Thematic Report

On the 16th of October 2018, the European Union Blockchain Observatory and Forum published its first thematic report which explores the provisions of the General Data Protection Regulation in light of the rise of one of the world's most disruptive new technologies, the Blockchain. The Report outlines the main concerns relating to the co-existence of the provisions of the GDPR and blockchain technology, which have to date not been conclusively settled by the data protection authorities, the European Data Protection Board (EDPB) or in court. It is important not to assume that using blockchain technology automatically makes an application more…
MamoTCV
14th January 2019
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European Union Blockchain Observatory and Forum Publishes its First Thematic Report NewsTelecoms, Media & Technology

European Union Blockchain Observatory and Forum Publishes its First Thematic Report

On the 16th of October 2018, the European Union Blockchain Observatory and Forum published its first thematic report which explores the provisions of the General Data Protection Regulation in light of the rise of one of the world's most disruptive new technologies, the Blockchain. The Report outlines the main concerns relating to the co-existence of the provisions of the GDPR and blockchain technology, which have to date not been conclusively settled by the data protection authorities, the European Data Protection Board (EDPB) or in court. It is important not to assume that using blockchain technology automatically makes an application more…
MamoTCV
14th January 2019
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Suspended Legal Notices Come into Force with Some Amendments Employment and Industrial Relations

Suspended Legal Notices Come into Force with Some Amendments

In August of last year, four employment related legal notices came into force but were shortly 'suspended' following various objections from interested stakeholders. The legal notices related to annual leave; itemised payslips; transfer of business and temporary agency workers. In December of last year, the legal notices relating to annual leave and itemised payslips were further amended and have now come into force. The legal notice introducing changes to the Transfer of Business (Protection of Employment) Regulations have not been amended and have apparently also come into force whilst the amendments to the Temporary Workers Agency Regulations are apparently still…
Christine Calleja
11th January 2019