News & Events

GANADO Advises on Major Utility’s Debt Restructuring

GANADO Advocates - February 18, 2013 - Categories: Practice News
A project to rationalise the bank debt of Enemalta Corporation, Malta’s state-owned single generator and distributor of electricity, finally came to fruition after a lengthy and intense commercial and governmental process leading to the transaction documents being signed on the last day of 2012. What the transaction parties dubbed “Project Vault” represented probably both the largest ever transfer of Government immovable property and domestically arranged debt financing in Maltese history.

ESMA publishes final guidelines on AIFM remuneration

David Borg-Carbott - February 15, 2013 - Categories: Practice News
On 11th February, 2013, the European Securities and Markets Authority (“ESMA”) published the final guidelines on sound remuneration policies under the AIFMD (the “Guidelines”). Click here for a copy of the Guidelines. The Guidelines build upon Annex II of the Alternative Investment Fund Managers Directive (“AIFMD”) which establishes a set of rules with which AIFMs have to comply when establishing and applying the remuneration policies for certain categories of their staff as well as the Level II Regulations regarding remuneration policies, conflicts of interest and disclosure of remuneration.

MFSA proposes new regulatory framework for CSPs

GANADO Advocates - February 13, 2013 - Categories: Practice News
The Malta Financial Services Authority (MFSA) recently issued a Consultation Paper on the proposed regulation of corporate service providers (CSPs) in Malta in order to implement EU Directive 2005/60/EC