Malta’s maritime policies are gaining momentum! Read more to find out what I’ve been doing.
The Malta Maritime Summit is happening this week and I’ve been invited to speak!
I recently had the pleasure of being nominated by the Malta Business Review to sit on a panel of judges during the Malta Best In Business Awards 2018, to be held at Castello Dei Baroni in Wardija, Malta. Besides myself, there were other reputable members of the adjudication panel, and the nominees varied. The Awards were held as part of the Malta Best in Business Awards, an annual event hosted by Malta Business Review as part of its ongoing efforts … Continued
On the 1st January 2018, new regulations came into force, applicable to companies except where: They are listed on a regulated market and disclosure is already required under the appropriate regulations; or Companies where shareholders are all natural persons disclosed to the companies registrar. The First Schedule sets out a form which is to be delivered together with the M&As whenever a new company is being set up. Declarations must be submitted for each beneficial owner and … Continued
On the 1st January 2018, new regulations came into force concerning the operation of a Central Register of UBOs for trusts and trustees and for companies, for associations and for foundations. Regarding trusts and trustees, the rules only apply to express trusts generating tax consequences. Within 14 days from being appointed as a trustee of an express trust, authorused trustees must submit a declaration of ownership to MFSA where such trust has tax consequences. The regulations list the information … Continued
Earlier in 2017, the Ministry for Justice, Culture and Local Government held a public consultation, titled “Setting up of the Civil Court, First Hall, Commercial Section“. This was concluded in July 2017. While we have not been active in commercial litigation for a relatively long while, we still believe that this is the way forward. Questions included whether there should be a commercial section within the civil arm of the Maltese courts, and whether the remit should be wider than matters … Continued
Following the coming into force of the Various Financial Services Laws (Amendment) Act, 2017 (Act XXVIII of 2017) on the 1st December 2017, publication of administrative penalties imposed by the Financial Intelligence Analysis Unit (“FIAU”) for one or more contraventions of the Prevention of Money Laundering Act (“PMLA”) and/or of the Prevention of Money Laundering and Funding of Terrorism Regulations no longer falls under Article 13A of the PMLA but by the new Article 13C. Article 13C now provides for the … Continued
We wish to advise that the following National and Public Holidays are set for the coming year, 2018: January 1, Monday New Year’s Day February 10, Saturday Feast of St. Paul’s Shipwreck March 19, Monday Feast of St. Joseph March 30, … Continued