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New legal instrument supports a work-life balance for parents and carers

July 28, 2022  |   Posted by :   |   Employment   |   Comments Off on New legal instrument supports a work-life balance for parents and carers

On 1 August 2019, Directive (EU) 2019/1158 of the European Parliament and of the Council on work-life balance for parents and carers (the “Directive”) entered into force, with Member States given three years to transpose the provisions into national laws, regulations and administrative processes. The Directive aims to modernise existing EU legal and policy frameworks […]

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Malta connects to the Beneficial Ownership Registers Interconnection System

June 14, 2022  |   Posted by :   |   Uncategorized   |   Comments Off on Malta connects to the Beneficial Ownership Registers Interconnection System

The Malta Business Registry has announced that Malta has successfully connected to the Beneficial Ownership Registers Interconnection System (“BORIS”). The system combines the national beneficial ownership registers of Member States together with the European e-Justice portal. This set up aims to facilitate the exchange of information about beneficial owners of legal entities across European Union […]

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MFSA launches the Capital Markets Supervision Function

May 26, 2022  |   Posted by :   |   Capital Markets   |   Comments Off on MFSA launches the Capital Markets Supervision Function

The Malta Financial Services Authority (MFSA) has announced the launch of a fully-fledged Capital Markets Supervision Function in attempt to enhance Malta’s capital markets regime. The newly set up function shall be responsible for the regulation and oversight of activities across capital markets, including but not limited to: – Processing applications for admissibility to listing […]

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MBR joins Corporate Registers Forum

May 05, 2022  |   Posted by :   |   Company law,Malta   |   Comments Off on MBR joins Corporate Registers Forum

The Malta Business Registry has announced that it has become a member of the Corporate Registers Forum, an association of international corporate registries. The association has the objective of providing its members with the latest developments relating to corporate business registers on an international level. The Corporate Registers Forum also aims to serve as a […]

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Malta Passenger Yacht Code introduced

March 15, 2022  |   Posted by :   |   Shipping   |   Comments Off on Malta Passenger Yacht Code introduced

By virtue of Merchant Shipping Notice 171, the Merchant Shipping Directorate announced that it has introduced the Passenger Yacht Code (the “PYC”), which came into force on 25th May 2021. The PYC is a result of consultation with various industry stakeholders. The PYC applies to passenger yachts which: – carry more than 12 and not […]

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Guidelines issued on Commercial Yacht to Pleasure Yacht changeover

March 15, 2022  |   Posted by :   |   Shipping   |   Comments Off on Guidelines issued on Commercial Yacht to Pleasure Yacht changeover

The Commercial Yacht – Pleasure Yacht Changeover Guidelines (the “Guidelines”) were issued by Transport Malta’s Merchant Shipping Directorate on 2 September 2021. The aim of the Guidelines is to shed light on the process involved in the changing of the registration status of a yacht registered under the Maltese flag from pleasure to commercial (and […]

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MFSA issues public notices in response to recent developments in Ukraine

March 02, 2022  |   Posted by :   |   Capital Markets,Firm News,Funds,Insurance,Islamic Finance,Malta,Trusts and Foundations   |   Comments Off on MFSA issues public notices in response to recent developments in Ukraine

The Malta Financial Services Authority (“MFSA”) has reacted to recent developments in Ukraine with two public notices issued on 22 February and 1 March 2022. The public notices remind all licence holders of their obligation to have effective systems and controls in place to ensure effective sanction screening of any person or entity named in […]

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Whistleblowers in the private sector now subject to protection

March 02, 2022  |   Posted by :   |   Employment   |   Comments Off on Whistleblowers in the private sector now subject to protection

Amendments to the Protection of the Whistleblower Act (Chapter 527 of the Laws of Malta) (the “Act”) have come into force on 24 December 2021 by means of Legal Notice 500 of 2021 which brought into force the Protection of the Whistleblower (Amendment) Act, 2021. The scope of the amendments is that of transposing into […]

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Unfair dismissal does not subsist in cases of employee absenteeism

February 23, 2022  |   Posted by :   |   Employment   |   Comments Off on Unfair dismissal does not subsist in cases of employee absenteeism

On 24 November 2021, the Industrial Tribunal, presided over by Mr Franco Masini, decided a case in the names Lorraine Farrugia vs Lead Service Technologies Ltd (C-64386), wherein the plaintiff held that she was unfairly dismissed from her employment by the defendant company. In its judgement, the Tribunal makes reference to the concepts of abandonment […]

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Amendments to the Companies Act; Act LX of 2021

November 12, 2021  |   Posted by :   |   Company law,Firm News   |   Comments Off on Amendments to the Companies Act; Act LX of 2021

Having been tabled to the House of Representatives, Bill 233 of 2021 has recently come into effect by virtue of Act LX of 2021 (hereinafter referred to as the “Act”). The Act has resulted in a number of introductions as well as significant amendments to the current legislative framework that regulates companies; the Companies Act, […]

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