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EU Adopts Regulation Prohibiting Geo-Blocking Antitrust, Competition and Trade

EU Adopts Regulation Prohibiting Geo-Blocking

This article was written by​ Dr Annalies Muscat and Dr Laura Spiteri.​The European Commission (the 'Commission') has adopted an e-commerce package that included the adoption of different laws with the aim of making it easier for European consumers to shop online throughout the European Union (the 'EU'). One of the measures adopted was Regulation 2018/302 on addressing unjustified geo-blocking and other forms of discrimination based on customers' nationality, place of residence or place of establishment within the internal market (the 'Regulation'). The Regulation became applicable from the 3 December 2018.BackgroundGeo-blocking is a practice whereby traders operating in a country block or…
Annalies Muscat
10th January 2019
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News Update: Update to the Circular addressed to Credit Institutions on the imposition of negative interest rates on euro denominated deposits Legal Updates

News Update: Update to the Circular addressed to Credit Institutions on the imposition of negative interest rates on euro denominated deposits

On the 3 January 2019, the MFSA issued an update to a circular dated the 18 September 2018 on the Imposition of Negative Interest Rates on Euro denominated Deposits. While reaffirming the contents of the original circular, the MFSA, following consultation with the Central Bank of Malta, reconsidered the definition of "excessively high liquid balances". The deposit threshold, which was previously set at EUR 2.0 million (or the equivalent amount in any other currency), has now been reduced to EUR 1.5 million (or the equivalent amount in any other currency). The circular may be accessed at: https://www.mfsa.com.mt/pages/announcements.aspx?id=31Disclaimer This document does not…
MamoTCV Advocates
8th January 2019
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News Update: Update to the Circular addressed to Credit Institutions on the imposition of negative interest rates on euro denominated deposits Legal Updates

News Update: Update to the Circular addressed to Credit Institutions on the imposition of negative interest rates on euro denominated deposits

On the 3 January 2019, the MFSA issued an update to a circular dated the 18 September 2018 on the Imposition of Negative Interest Rates on Euro denominated Deposits. While reaffirming the contents of the original circular, the MFSA, following consultation with the Central Bank of Malta, reconsidered the definition of "excessively high liquid balances". The deposit threshold, which was previously set at EUR 2.0 million (or the equivalent amount in any other currency), has now been reduced to EUR 1.5 million (or the equivalent amount in any other currency). The circular may be accessed at: https://www.mfsa.com.mt/pages/announcements.aspx?id=31Disclaimer This document does not…
MamoTCV Advocates
8th January 2019
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Commission Seeks Feedback on Commitments Offered by Visa and Mastercard on Inter-Regional Interchange Fees Antitrust, Competition and Trade

Commission Seeks Feedback on Commitments Offered by Visa and Mastercard on Inter-Regional Interchange Fees

This article was written by​ Dr Annalies Muscat and Dr Laura Spiteri.​Following the issue of a Statement of Objections by the European Commission (the 'Commission') against Visa and MasterCard regarding the competition concerns raised by inter-regional interchange fees ('inter-regional MIFs') for payment card transactions, the Commission is inviting any interested parties to comment on the commitments that have been proposed by Visa and MasterCard separately. Inter-regional MIFs are fees applicable to payments made in the European Economic Area (the 'EEA') using debit or credit cards which had been issued outside the EEA. The Commission had issued a Statement of Objections against…
Annalies Muscat
1st January 2019
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Commission Seeks Feedback on Commitments Offered by Visa and Mastercard on Inter-Regional Interchange Fees Antitrust, Competition and Trade

Commission Seeks Feedback on Commitments Offered by Visa and Mastercard on Inter-Regional Interchange Fees

This article was written by​ Dr Annalies Muscat and Dr Laura Spiteri.​Following the issue of a Statement of Objections by the European Commission (the 'Commission') against Visa and MasterCard regarding the competition concerns raised by inter-regional interchange fees ('inter-regional MIFs') for payment card transactions, the Commission is inviting any interested parties to comment on the commitments that have been proposed by Visa and MasterCard separately. Inter-regional MIFs are fees applicable to payments made in the European Economic Area (the 'EEA') using debit or credit cards which had been issued outside the EEA. The Commission had issued a Statement of Objections against…
Annalies Muscat
1st January 2019
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News Update: Blockchain & its application in Supply Chain Management Legal Updates

News Update: Blockchain & its application in Supply Chain Management

Dr Christina Scicluna's latest publication on the Times of Malta which focuses on the potential use cases of blockchain technology and supply chain management and logistics. Times of Malta Link: https://www.timesofmalta.com/articles/view/20181211/business-news/blockchain-from-concept-to-reality.696450PDF:https://www.mamotcv.com/PDF/Second-Publication-Times-11-12-2018.pdf DisclaimerThis 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 Mamo TCV Advocates.
MamoTCV Advocates
18th December 2018