Jan
25

Amendments to the Maritime Labour Convention, 2006

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The 2016 Amendments to the Code of the Maritime Labour Convention, 2006 entered into force on 8 January 2019. These amendments introduced specific provisions to provide further protection to seafarers against shipboard harassment and bullying, and to allow for an extension of the validity of full term Maritime Labour Certificates. Guideline B4.3.1 concerning the provisions on occupational accidents, injuries and diseases has been amended so as to include harassment and bullying. Additionally, a reference is provided to the latest Guidance on eliminating shipboard ...
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Jan
14

European Union Blockchain Observatory and Forum Publishes its First Thematic Report

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On the 16 th 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 ...
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Oct
23

Malta Budget 2019

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Below are the salient points of the Malta Budget for 2019, which was presented to the House of Representatives by the Hon. Prof. Edward Scicluna, Minister of Finance, on 22 November 2018. Economic Performance Malta registered the highest fiscal surplus in the EU – Malta registered a surplus of €392.7 million, equivalent to 3.5% of GDP in 2017. Government debt has been reduced to 47% of GDP. Economic growth – Malta registered an economic growth of 5.4% in the first 6 months of 2018. Unemployment rate – Malta registered a record unemployment rate of 3.8%. Cost of li...
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Oct
02

Getting the Deal Through: Dispute Resolution 2018

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Following last year's participation in the online issue of "Dispute Resolution", an annual comparative law guide published by Getting the Deal Through, Mamo TCV was invited to contribute the Malta chapter to both the printed and online 2018 editions of this publication. Getting the Deal Through was the first legal series to present the concept of a "question and answer format", a particularly convenient way to compare how different jurisdictions regulate the same practice area. The guides are particularly useful for law firms, universities, regulators, and corpora...
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Sep
28

MFSA Issues Guidance on the Charging of Negative Interest

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The MFSA has issued a circular addressed to credit institutions licensed in terms of the Banking Act, 1994, whereby, following consultation with the Central Bank of Malta, it expressly prohibits the imposition of negative interest rates on Euro denominated deposits. This stops any emerging practice that may have been recently witnessed in the local banking sector. Credit institutions who have already entered into agreements entailing such negative interest rates, need to rectify their position within a 3-month transition period. Subject to certain conditions, a ma...
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