News & Resources

On 18 September 2020, the Malta Financial Services Authority (the “MFSA”) issued a guidance note aimed to assist individuals who are requested by the MFSA to provide Source of Wealth (“SOW”) and Source of Funds (“SOF”) declarations, which sets out the MFSA’s expectations with respect to the contents of these declarations and supporting evidence thereof.

The Companies Act (Suspension of Filing for Dissolution and Winding Up) Regulations, 2020 (the “Regulations”) were published on the 15th of September 2020 with a view of regulating the suspension of rights relating to the filing of winding up applications as well as the suspension of the applicable provisions on wrongful trading arising under the Companies Act.

The Government of Malta is, thus far, set on opening schools come September. The debate on appropriate safety protocols is ongoing, and questions on how best to deliver lessons abound. Online or in-class lessons, or a mix of both with part of a class at home and the other following from home? The implications on privacy of the individual have, to date, not featured much in the ongoing debate. Here we attempt to explore the main concerns that arise in this respect.

On the 15th September 2020, the FIAU issued a revised version of Part I of the Implementing Procedures.

On 11 June 2020, the Court of Justice of the EU issued a preliminary ruling concerning C-833/18 - Brompton Bicycle v. Chedech/Get2Get, where it provided that copyright protection may also subsist in designs which are shaped to attain a particular technical result provided certain conditions are met.

The 3rd of July 2020 marked Parliament’s ratification of Act No. XXXII of 2020, referred to as, Real Estate Agents, Property Brokers and Property Consultants Act, 2020, which Act provides for the licensing of the branch manager, real estate agent, property consultant and property brokerage professions.