The Shipping industry on a tight rope after Brexit

Authors: Jotham Scerri-Diacono
Published on July 8, 2016
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Practices: Admiralty & Maritime Litigation, Ship Finance & Mortgages, Ship Registration, Shipping sale, purchase & charterparties
In a historic vote held on the 23rd of June 2016, the people of the United Kingdom went to the polls in order to determine the faith of their country’s membership within the European Union. In an unprecedented, albeit expected result, 52% of those eligible voters opted for ‘Brexit’ meaning that for the first time in the history of the European Union, a member state will be triggering Article 50 of the Treaty of the European Union (TEU) and commence the withdrawal procedure from the Union.

L.N. 210 of 2016: Reflecting current administrative practices in the Merchant Shipping Act

Authors: Jotham Scerri-Diacono
Published on July 7, 2016
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Practices: Ship Registration, Shipping sale, purchase & charterparties, Yacht & Superyacht Registration
After taking into consideration a number of proposals made by the local flag administration and the importance to remain competitive in such an important industry, a number of amendments have been put forward to the Merchant Shipping Act (MSA), Chapter 234 of the Laws of Malta which, essentially, clarify a number of ambiguities which existed and also reflect current administrative practices.

Fintech and the Development of the Insurance Industry

Authors: Julian Caruana, Elaine Magri
Published on June 30, 2016
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Practices: Financial Markets Regulation, Insurance & Reinsurance Corporate, Insurance & Reinsurance Regulation
Financial technology, or ‘fintech’ as it is more commonly referred to, is taking the financial industry around the world by storm. Over the past ten years, there has been a significant increase in the use of technology in the financial sector, spanning from mobile banking, small business lending, and financial advice. However, despite the financial innovation and technological progress made so far, a large part of the financial industry is still relatively unaffected.

The Role and Responsibilities of a Company Secretary of a Regulated Company Incorporated under Maltese Law

Authors: GANADO Advocates
Published on May 25, 2016
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Practices: Corporate Governance, Corporate Services
The role of the company secretary should not be looked at as merely fulfilling administrative secretarial duties. Despite the name, the role is not a clerical or secretarial one in the usual sense. The company secretary keeps board members informed of their legal responsibilities. It is true that a company secretary does not take part in the management of the company as this is the responsibility of the Directors, but nowadays the role of company secretary is being increasingly considered as that of a special advisor to the board.