Using ‘euro’ terminology and abbreviated forms – are we all still befuddled?

Authors: Annalise Papa
Published on June 28, 2013
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Practices: General Commercial & Contract Law
2007 is long gone and so is all the intense publicity surrounding the euro changeover in Malta that year. Adapting to the new currency was unnerving for some and seamless for others. Yet, more than five years later, much uncertainty still remains as to the semantic aspects of the euro, more specifically, the proper written use of the ‘euro’ terminology as a term of art in banking, financial and general contract documents. In an effort to streamline the usage of this terminology throughout our law firm, we have researched the subject and drawn pertinent conclusions and preferences for our own internal use only, especially since the official sources we perused provided no prescriptive rules in this respect. You may or may not disagree with our preferences, but we hope you will find this study useful.

The Solvency II Interim Measures: Is the Market Ready?

Authors: Beppe Sammut
Published on June 28, 2013
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Practices: Insurance & Reinsurance Regulation
For the last decade or so a risk-focused approach has been adopted and applied across the financial services industry. This is also the case in the insurance industry where risk-management is considered to be essential for the solvency and sustainability of insurance undertakings and for the safeguarding and protection of policyholders.

Recent Developments Regarding Company Continuations in Malta

Authors: Annalise Papa, Stephan Piazza
Published on June 27, 2013
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Practices: Corporate, Corporate Services, Redomiciliation & Cross Border Mergers
The recent issuance by the Malta Registrar of Companies of a Certificate of Continuation to a French company seeking to continue into Malta might open up for French and other EU companies the possibility of redomiciling to Malta, even though the laws of their country or jurisdiction of incorporation do not expressly authorise company continuations.

Malta to legislate for insurance securitisation

Authors: Matthew Mizzi
Published on June 26, 2013
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Practices: Debt Capital Markets, Derivatives, Financial Markets Regulation, Insurance & Reinsurance Corporate, Structured Finance & Securitisation, Trusts & Foundations
Malta’s financial services regulator, the Malta Financial Services Authority (the MFSA), published for consultation in May 2013 a draft version of the Reinsurance Special Purpose Vehicle (RSPV or SPRV) Regulations. These new regulations will bolster Malta's role as an alternative risk transfer domicile. We provide you with a brief outline of the draft SPRV Regulations as they stood on 17 June, 2013.