Matthew Bianchi, Matthew Brincat, Elaine Magri, Nadia Cassar, Tanya Causon, Stephanie Cassar, Lara Pace, Julian Caruana, Nicholas Curmi
Published on March 30, 2016
Tags: Insurance, Pensions, Reinsurance
Insurance & Reinsurance Corporate, Insurance & Reinsurance Regulation, Pensions Regulatory
Issue 41 of the Insurance and Pension Law Newsletter is now available.
Anthony Cremona, Abigail Galea
Published on March 17, 2016
Tags: Fourth Anti-Money Laundering Directive
Prevention of Money Laundering
The EU’s Fourth Anti-Money Laundering Directive (EU 849/2015) was published on the 20 May 2015 and was intended to be transposed into Member States’ national legislation by the 26th June 2017.
Published on March 8, 2016
Tags: Income Tax, Stamp Duty, Tax Guidelines
Taxation, Trusts & Foundations
The Maltese Inland Revenue recently published two Tax Guidelines providing an interpretation as to when immovable property can be deemed to have been settled on trust for Maltese income tax and stamp duty purposes.
Published on March 4, 2016
Tags: Maltese Limited Partnership, Private Equity, Venture Capital
This article was first published in HFMWeek Special Report - Malta 2016 (February 2016).
Louis Cassar Pullicino
André Zerafa of GANADO Advocates studies the Maltese limited partnership as a vehicle for private equity and venture capital strategies.
Published on March 1, 2016
Tags: Maritime Litigation, private sale of vessels, Ship Litigation
Admiralty & Maritime Litigation, Litigation, Arbitration & ADR, Shipping sale, purchase & charterparties
In a judgment delivered on the 18th February 2016 in the case Pacific Seaways Shipbuilding Inc vs m.v. Kay, the Civil Court, First Hall, approved a private sale of a ship in favour of a mortgagee who had enforced its rights against the ship after the shipowner had defaulted on its obligations. This decision is novel and welcome as it enables a creditor who has an executive title in accordance with Maltese Law, in this case the mortgagee, to request the Court to approve the private sale of the ship in its favour and to order that the price determined for the sale of the ship be set off against the amounts of the claim due to the same execution creditor.