Publications

Private trustee companies: an alternative to foundations

Authors: Anthony Cremona
Published on July 10, 2018
Tags: , ,
Practices: Trusts & Foundations
In 2014, Malta introduced Private Trust Company provisions into its trusts legislation through the introduction of the concept of a trustee acting for a family trust, as the corporate equivalent of the private individual trustee. In this way, the Maltese legislator created an alternative to the more traditional and widespread professional trustee/administrator or individual private trustee role. The trustee of a family trust or the ‘Private Trust Company’ is not required to undergo a full authorization process with the Malta Financial Services Authority (MFSA). If all conditions are satisfied, a Private Trust Company is merely required to apply for registration with the MFSA, which gives it a huge regulatory advantage over professional trustees or administrators other- wise requiring full MFSA authorization.

Initial VFA offerings under the Virtual Financial Assets Act, 2018

Authors: GANADO Advocates Blockchain Team
Published on June 25, 2018
Tags: ,
Practices: Fintech & Blockchain
The stated purpose of the Virtual Financial Assets Act, 2018 (“VFAA”), currently still in the form of a bill, is to “regulate the field of Initial Virtual Financial Asset Offerings and Virtual Financial Assets and to make provision for matters ancillary or incidental thereto or connected therewith.”

The Financial Instrument Test under the Virtual Financial Assets Act, 2018

Authors: GANADO Advocates Blockchain Team
Published on June 18, 2018
Tags: ,
The thrust of the Bill providing for the Virtual Financial Assets Act (the VFAA) proposed by Government is to “regulate the field of initial virtual financial asset offerings and virtual financial assets (VFAs) and to make provision for matters ancillary or incidental thereto or connected therewith.”