Reduction Of Vat Rate On Short-Term Yacht Charters

Reduction Of Vat Rate On Short-Term Yacht Charters

A legal notice was recently issued by the Ministry of Finance in Malta to transpose paragraph 5 of Article 105a of Council Directive 2006/112EC on the common system of value added tax, as subsequently amended. L.N.231 of 2023 has introduced a new reduced rate of value...
New Regulations On Non-EU Employment

New Regulations On Non-EU Employment

The Prime Minister Dr Robert Abela recently announced that, in an effort at improving the standards of agencies which bring third party nationals to work in Malta, new regulations will soon be introduced. This announcement followed an outcry on mainstream and social...
Malta Flag – Commercial Yachts Manning Guidelines

Malta Flag – Commercial Yachts Manning Guidelines

The Maltese Merchant Shipping Directorate (the “Directorate”) has issued a Commercial Yachting Notice, to remind all the stakeholders that in accordance with Section 17 of the Malta Commercial Yacht Code (CYC), all yachts ≥24m in length shall carry a valid...
Duties Of Directors: Mitigating Liabilities

Duties Of Directors: Mitigating Liabilities

The duties of directors are inherently complex. The complexity surrounding directors’ can be attributed to three interconnected reasons. First, the duties of directors are contained in several laws, including: (i) the Companies Act, which sets out the general duties...
Promise Of Sale Agreements (Kovenju) And The COVID-19 Pandemic

Promise Of Sale Agreements (Kovenju) And The COVID-19 Pandemic

The expiration of a promise of sale agreement by effluxion of time naturally gives rise to various obligations on the parties to the agreement, inclusive of the imposition of liabilities and other legal issues if a party fails to act in accordance with the terms of...
Malta Flag – Update On Authorized Classification Societies

Malta Flag – Update On Authorized Classification Societies

A merchant vessel both at the time that is being registered as a Maltese ship and during the period of its registration under the Malta flag must be classed with a classification society authorised to issue statutory certificates on behalf of the Government of Malta....
Updates In Relation To The Work Life Balance Directive

Updates In Relation To The Work Life Balance Directive

In recent decades, the need to promote a work-life balance and enact the necessary policies to promote and enforce same, has been predominant. The Work Life Balance Directive imposed a time limit on member states to implement the necessary rules, with the minimum...
Language Inconsistencies In EU Regulations

Language Inconsistencies In EU Regulations

How the EU Courts address problems of interpretation arising from such inconsistencies To date, there are a total of twenty four languages which the European Union considers to be official languages, making the legal framework of the European Union inherently...
MALTA Shipping Registry News – Batteries On Commercial Yachts

MALTA Shipping Registry News – Batteries On Commercial Yachts

The evolution of yachts, in size, and the form and function of their garages/storage spaces have led to an increase in risks associated with fire. Also from recent fire incidents’ investigations, it has been found that the storage/charging of lithium-ion battery packs...
Satabank’s €327,500 Fine Reduced To €68,000

Satabank’s €327,500 Fine Reduced To €68,000

On the 25th May 2022, the Court of Appeal in its Inferior Jurisdiction, decided an appeal filed by the Competent Person appointed by the MFSA to represent Satabank plc in terms of Art 29(1)(b) of the Banking Act, challenging the imposition by the Financial...

Pin It on Pinterest