Aviation Finance in Malta: Overview

Authors: Matthew Xerri, George Bugeja
Published on April 7, 2016
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Practices: Aircraft Finance, Aircraft Registration
This Q&A provides a high level overview of key practical issues including financing options for purchasing aircrafts; registration and deregistration requirements; transfer of title; security, including aircraft mortgages; transfer of security; enforcement of security and repossession; and application of the Cape Town Convention.

Doing Business in Malta

Authors: Louis Cassar Pullicino, Annalise Papa, Paul Micallef Grimaud, Stephen Attard, Matthew Brincat, Antoine G. Cremona, Christine Cassar Naudi, Julian Caruana, Lara Pace, Nikolai Muscat Farrugia, Philip Formosa, Philip Mifsud, Sylvann Aquilina Zahra
Published on April 6, 2016
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Practices: Competition, Corporate, Corporate Finance, Data Protection & Privacy, E-Money & Payment Services, Employment & Industrial Relations, General Commercial & Contract Law, Intellectual Property & Telecoms, Media & Technology, Mergers & Acquisitions, Taxation, Trademark Registration
The Q&A guide to doing business in Malta gives an overview of key recent developments affecting doing business in Malta as well as an introduction to the legal system; foreign investment, including restrictions, currency regulations and incentives; and business vehicles and their relevant restrictions and liabilities.

MFSA Launches New Framework for Alternative Investor Funds

Authors: Mario Zerafa
Published on April 4, 2016
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On the 11th February 2016, the Malta Financial Services Authority (the “MFSA”) announced the launch of a new framework to be referred to as the Notified Alternative Investment Funds regime (the “Notified AIFs”). This new regime is expected to solve time to market issues being faced by a number of AIFMs wishing to launch AIFs and market them to investors in a tight time frame to meet market opportunities.

Court Approved Private Sale in Favour of Mortgagee

Authors: Louis Cassar Pullicino
Published on March 1, 2016
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Practices: 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.

Cyber security: What Directors need to know

Authors: Stephanie Sciberras
Published on February 12, 2016
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Practices: Corporate Services, Data Protection & Privacy
Directors have a new risk to take into account when drafting and/or reviewing their company’s risk policies and procedures: cyber security risk. Cyber security risk may have reputational as well as financial impact on a company and it is a risk which is constantly evolving. Accordingly, regular security assessments, the encryption of data and installing a firewall have become a must for today’s corporate entities in order for these to protect their clients and their data.