As of 25 August 2016, all non-commercial operations of complex motor-powered aircraft which have their principal place of business or residence within a member state of the European Safety Agency (EASA) is to comply with the Part-NCC regulation. Part-NCC is an EU regulation that seeks to harmonise levels of safety between non-commercial operations and commercial airlines...
David Zahra, founder of David Zahra & Associates Advocates, recently participated in a discussion, held in Genova, Italy, on the various wealth management opportunities offered by Malta to Italian high net worth individuals. The event was also addressed by representatives of Bank of Valletta. The audience was particularly interested in the use of family trusts to manage and...
As of 2010, Malta has been a party to the Cape Town Convention which is implemented through the Aircraft Registration Act of 2010. Upon ratification of this Convention the aircraft field in the country changed significantly placing Malta on the map for aircraft registration and security, with registration of aircraft having reached its highest point...
Various updates have been made to the Employment and Industrial Relations Act (Chapter 462 of the Laws of Malta) on the 20th of December 2022 in relation to fixed terms contracts and As from 15 February 2015, the competence of the Court of Magistrates in its civil jurisdiction has increased from €11,646.87 to €15,000 as...
The Malta Financial Services Authority (MFSA) has announced the launch of a new framework applicable for notification of Alternative Investment Funds (known as the “Notified AIFs”) which will be promoted to qualifying or professional investors. The AIFs falling within the scope of the notification process shall be managed by a full-scope AIFM. The Notified AIF is...
As of 5 February 2016, 214 aircraft have been registered in Transport Malta’s Aviation Registry with a record of 61 aircraft registered in 2015, 6 new operators and an upsurge in the number of pilot and engineer licenses issued by the Authority for Transport in Malta. Many of the registered aircrafts are in fact commercial and...
The potential of Iran and the growth of Islamic Finance as a means of European investment in the Gulf and vice versa were the main topics of discussion at a seminar held in Milan on 16 December 2015 and organised by Fondazione Istud. Participants discussed the recent news of Iran’s return to the world trade circuit...
The right to equal pay between men and women for equal work or work of equal value has been a founding principle of the European Union since the Treaty of Rome in 1957. Despite the legal framework, the effective implementation of this principle remains a major challenge in the European Union. The Companies Act, in...
Malta’s everlasting vocation, as a centuries-old trading post in the middle of the Mediterranean, to act as the melting pot of conventional finance and the workings of Islamic finance has been highlighted in an article penned by David Zahra for the November issue of Business Islamica, a monthly magazine published in the Middle East specifically covering all aspects of...
A double taxation agreement (DTA) initialled by Malta and Curaçao in 2013 (click here for earlier news item) has been signed and ratified by both states on 18 November 2015. The DTA will enter into force as of 1 January 2016. The DTA is mainly based on the OECD Model Tax Convention on Income and on Capital, but includes special...
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