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...
MALTA Shipping Registry News – Minimum Basic Wage

MALTA Shipping Registry News – Minimum Basic Wage

The Merchant Shipping Directorate has issued a notice which refer to the minimum basic wage for able seafarers. For each calendar month of service the minimum wage for this rank has been revised as follows:- As of the 01st January 2023, it shall not be less than USD...
Commercial Yachts Extended Range Tender Guidelines

Commercial Yachts Extended Range Tender Guidelines

With its proactive approach, particularly in the yachting sector, the Malta Merchant Shipping Directorate has issued a Commercial Yachts Extended Range Tender guidelines. These Guidelines will be applicable from the 01st of June 2022 and are applicable only to Malta...
665 Aircraft Registered In Malta

665 Aircraft Registered In Malta

From the latest statistics, 665 aircrafts are currently registered in Malta’s Aviation Register. This reflects a 500% growth in a period of ten years. Malta enacted the Aircraft Registration Act in 2010, which joins other legislative packages in ensuring that Malta...
Merchant Shipping Notice – Restrictive Measures

Merchant Shipping Notice – Restrictive Measures

The Merchant Shipping Directorate has issued MS Notices to bring to the attention of all concerned, the new package of restrictive measures adopted by the Council of the European Union in relation to the Ukraine & Russian conflict and also on the suspension of all...

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