Archive | Company law

David Zahra on IFSP Panel on new CSP Rulebook

April 29, 2021  |   Posted by :   |   Company law,Seminars & Conferences   |   Comments Off on David Zahra on IFSP Panel on new CSP Rulebook

As the new Company Service Providers Rulebook was issued on 15th March 2021, and the impeding deadline for the filing of applications for new applicants (16th May 2021), a number of matters are left to be clarified. On 7 May 2021, the IFSP will be organising a session on the “CSP Rulebook and Applications: Q&A […]

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A new regulatory framework for Company Service Providers

March 22, 2021  |   Posted by :   |   Company law,Malta   |   Comments Off on A new regulatory framework for Company Service Providers

The Company Service Providers (Amendment) Act, 2020 (Amendment Act) was enacted last year through Act No. L of 2020. The Amendment Act has since come into force on 16 March 2021, introducing the new Company Service Providers (CSPs) regulatory regime. First and foremost, under the new CSP regime, CSPs shall now be ‘authorised’ by the […]

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National Foreign Direct Investment Screening Office set up

August 24, 2020  |   Posted by :   |   Company law,Malta   |   Comments Off on National Foreign Direct Investment Screening Office set up

Malta has set up the National Foreign Direct Investment Screening Office, intended to screen and vet potential applications for foreign direct investment into Malta. The scope and remit of the Office shall be to screen new FDI projects, joint ventures with a foreign component and the transfer of any shares and/or controlling interests in existing […]

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Cell companies introduced for shipping and aviation

July 21, 2020  |   Posted by :   |   Aviation,Company law,Shipping   |   Comments Off on Cell companies introduced for shipping and aviation

The introduction of the Companies Act (Shipping and Aviation Cell Companies) Regulations (the “Regulations”), has allowed companies in the shipping and aviation industry to create cell companies. Similarly, a company already engaged in such business may convert its structure into a cell company, provided that such change is authorised by the memorandum and articles of […]

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Grounds for disqualification of directors widened

July 14, 2020  |   Posted by :   |   Company law   |   Comments Off on Grounds for disqualification of directors widened

Following the implementation of Act No. XXXI of 2020 (the “Amendments”), the Companies Act (Cap 387 of the laws of Malta) (the “Act”) has undergone several amendments in relation to the disqualification of directors. Prior to the Amendments, the grounds for disqualification of a director were limited to interdiction, incapacitation, minors (if not emancipated), a […]

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Additional BO obligations introduced

July 14, 2020  |   Posted by :   |   Company law   |   Comments Off on Additional BO obligations introduced

The coming into force of Legal Notice 247 of 2020 has made further amendments to the Companies Act (Register of Beneficial Owners) Regulations, 2017 (the “Regulations”). Whilst previously, the Regulations imposed no annual filing requirement in relation to beneficial ownership information, the newly introduced Regulation 6A stipulates that  upon  each anniversary from a company’s date […]

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New Regulations for COVID-hit AGMs of Public Companies

July 14, 2020  |   Posted by :   |   Company law,COVID-19   |   Comments Off on New Regulations for COVID-hit AGMs of Public Companies

Public limited liability companies which could not hold their annual general meeting due to the restrictions in place during the COVID-19 pandemic may apply for an extension of the time period by which they are to hold their meeting. The Companies Act (Public Companies – Annual General Meetings) Regulations, 2020, published on 10 July 2020, […]

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Amendment to the Companies Act (Register of Beneficial Owners) Regulations

April 28, 2020  |   Posted by :   |   Company law   |   Comments Off on Amendment to the Companies Act (Register of Beneficial Owners) Regulations

The 4th Anti-Money Laundering Directive, as implemented by the FIAU Implement Procedures, made it a mandatory requirement for the Malta Business Registry to establish a beneficial ownership registry. Every Maltese company and any other commercial partnership is obliged to disclose the details of the natural person/s considered to be a Beneficial Owner by submitting a […]

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MBR Penalties and COVID-19

March 26, 2020  |   Posted by :   |   Company law,COVID-19   |   Comments Off on MBR Penalties and COVID-19

In light of the COVID-19 pandemic, the Malta Business Registry (MBR) has issued measures in relation to the imposition of penalties on late submissions. The MBR has issued a notice in relation to the submission of annual returns and financial statements. If possible annual returns and financial statements are to be submitted on time (electronic […]

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DZ&A at IBA European Start-up Conference in London

November 21, 2019  |   Posted by :   |   Company law,Seminars & Conferences   |   Comments Off on DZ&A at IBA European Start-up Conference in London

Firm Senior Associate Krista Ellul has participated in the IBA European Start-up Conference held in London on the 20th November 2019. The conference was held at the Plexal Innovation Centre, a co-working space in East London and a leading venue for start-up companies in London. This conference focused on bringing leading start-up lawyers from across […]

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