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Merchant Shipping Directorate issues Non-Convention Vessel Code Shipping, Yachting and Transport

Merchant Shipping Directorate issues Non-Convention Vessel Code

The new NCV Code creates synergy and incorporates the requirements that were previously set by the CVC Code (Code of Practice for the Safety of Commercial Vessels) together with the requirements for Non-Convention Vessels, namely the IACS Recommendation No.99.The Code is intended to serve the needs of non-convention vessels better by optimising the regulatory regime to the particular needs, demands and technologies of the market, in conformity with recent safety and international regulations and standards. The Code entered into force on the 1st January 2019. Existing vessels, already certified under the CVC and/or IACS99 Certification Schemes, shall comply with the…
MamoTCV
23rd January 2019
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Which GDPR Rules Led to Google Being Fined 50 Million Euros? Telecoms, Media & Technology

Which GDPR Rules Led to Google Being Fined 50 Million Euros?

On 21 January 2019, France's data protection watchdog, the National Data Protection Commission ('CNIL'), has imposed a record fine of fifty million (50,000,000) euros against Google LLC based on perceived infringements of the EU General Data Protection Regulation ('GDPR'). In brief, the fine was imposed on Google for the latter's lack of transparency, inadequate information and lack of valid consent regarding the ads personalization. Essential Information not Provided in a Lawful MannerOne of the main violations highlighted by France's CNIL was the fact that information provided by Google was not easily accessible (one of the requirements under the GDPR). The…
Claude Micallef Grimaud
21st January 2019
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Which GDPR Rules Led to Google Being Fined 50 Million Euros? Telecoms, Media & Technology

Which GDPR Rules Led to Google Being Fined 50 Million Euros?

On 21 January 2019, France's data protection watchdog, the National Data Protection Commission ('CNIL'), has imposed a record fine of fifty million (50,000,000) euros against Google LLC based on perceived infringements of the EU General Data Protection Regulation ('GDPR'). In brief, the fine was imposed on Google for the latter's lack of transparency, inadequate information and lack of valid consent regarding the ads personalization. Essential Information not Provided in a Lawful MannerOne of the main violations highlighted by France's CNIL was the fact that information provided by Google was not easily accessible (one of the requirements under the GDPR). The…
Claude Micallef Grimaud
21st January 2019
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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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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