BREXIT: UK Government has lost its appeal to the Supreme Court.
In breaking news, the Supreme Court has ruled that to trigger Article 50, the legal instrument which will allow the UK to withdraw from the EU, parliament is required to vote on it and approve it before discussions with the EU can commence. Today’s ruling means that...
CJEU makes an important new judgment on data retention
Member States may not impose a general obligation to retain data on providers of electronic communications services The CJEU has ruled that the EU Members States may not impose a general obligation to retain data on providers of electronic communications services....
Amendments to the Maritime Labour Convention come into force.
As of 18/01/17 the 2014 amendments to the Maritime Labour convention 2006, entered into force. The changes provide more stringent financial security requirements in respect of crew repatriation, abandonment, and for compensation in cases of death or disability due to...
All shops are now allowed to open on Sundays.
As a result of recent reforms, retail outlets are now able to open on Sundays without incurring any additional cost, on the understanding that they will remain closed on another day during that seven day period. The new rules state that all shops may open on Sundays...
Lloyds of London considering Malta for its post-Brexit subsidiary.
Lloyds of London is a 328-year-old insurance market which has been located in London since its inception in 1688. Lloyds is a partially mutualised marketplace in which multiple syndicates of financial backer’s pool together to spread the risk. Regulated by the Lloyd’s...
EU Council agrees its stance for negotiations on Money Laundering and Terrorist Financing
On December 20th, 2016 the European Council came to an agreement regarding its negotiating stance on reinforced EU rules designed to prevent money laundering and the financing of terrorism. The directive comes as a direct response to the increased threat of terrorism...
Malta announces guidelines for Mutual Agreement Procedures under the Income Tax Act
December 15th saw the Maltese Commissioner for Revenue issue guidance under Article 96(2) of the Income Tax Act, with reference to the use of Mutual Agreement Procedures (MAP). MAP refers to a specialist procedure which allows the Competent Authority (in this case,...
Fenech Farrugia Fiott at the RC44 Match Racing Championships
Yesterday marked the opening day of the Valletta RC44 Match Racing Championship which saw 10 boats race in pairs across the Grand Harbour between The Three Cities and Valletta. All ten boats are completely identical in terms of design and specification, so who wins...
Fenech Farrugia Fiott at the launch of the RC44 Valletta Cup
Fenech Farrugia Fiott were on site this morning at the Grand Excelsior Hotel for a press conference heralding the start of the prestigious RC44 Valletta Cup. The world-famous racing series is celebrating it’s 10- year anniversary and its second appearance in Malta,...
Malta Stock Exchange announces the formation of a Blockchain Committee
The Malta Stock Exchange (MSE) have announced the creation of a Blockchain committee and think tank to assist in the formulation of a strategy geared towards addressing the emerging technology. The Committee will consist of members of the MSE, its Chairman and CEO as...