MFSA Expectation in relation to ESG Requirements for Fund Managers
On the 16th December 2022 the Malta Financial Services Authority (MFSA) issued a letter addressed to Board Members and Compliance Officers of fund managers,
Maternity Leave Case Study
Background ‘X’’s current role has changed quite a bit since she’s been off on maternity leave, which we knew it would, due to a new system coming in and the needs of the team changing due to business requirements.
Louis Vuitton’s “Chequerboard Saga” Comes to an End
In an EU decision given on the 19th of October 2022, the European General Court (“General Court”) denied Louis Vuitton’s (“LV”) trademark claim of its white-and-blue Damier Azur pattern,
Gaming | What are the recent changes to the Player Protection Directive?
On 12th January 2023 the Malta Gaming Authority (MGA) published amendments to the Player Protection Directive (Directive 2 of 2018) (the “Directive”),
From One Generation to the Next – The ‘Pass it on’ Method of Port Workers’ Licences in Malta
The current method of how licences are obtained by port workers in Malta is controversial. The issue mainly lies in the fact that once a port worker stops working in their role, their family members may be allowed to take over their position. This reality clearly infringes employment rules of the European Union (EU), and …
Examination of the Proposal for a Directive of the European Parliament and of the Council – to strengthen the application of the principle of equal pay for equal work; or work of equal value between men and women, through pay transparency and enforcement mechanisms (the ‘Proposal’)
The rationale behind the 2021 Proposal was namely due to the existence of a gender pay gap among men and women in the workplace, which has been determined to leave a long-term impact on; The quality of women’s life; Their increased risk of exposure to poverty; Persistence in the pension pay gap. The need was …
Employees and their entitlement to Rest Periods in Employment
Employees are entitled to minimum periods of both daily rest and weekly rest; these are two separate and independent rights for all employees. This has been confirmed in the Hungarian case C477/21, under the names of IH – v – MÁV-START Vasúti Személyszállító Zrt., decided on the 2nd of March, 2023, and decided by the European Court of …
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Back-to-Back Aircraft Transactions: Sensible Strategy or Horrendous Heap?
The present economic recession, the restrictive credit market and the unfavourable press have all had a significant impact on the business aviation industry. Whilst any aircraft transaction requires exceptional attention to detail, a good dose of fear and a properly constructed backup plan, in a “back-to-back” arrangement, the probability of things not turning out as …
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Amendments to Employment Law | What you Need to Know – Part II
Part 2 – The Regulations Scope and Application The amendments emerging from the Transparent and Predictable Working Conditions Regulations apply to all employees in the EU who possess an employment contract, collective agreements or practice as employees in each Member State (MS). Some parts of the Regulations also apply to seafarers and sea fishermen. The …
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Amendments to Employment Law | What you Need to Know – part I
Act no. XX of 2022 came into force on the 20th of December 2022, to amend the Employment and Industrial Relations Act (Chapter 452 of the Laws of Malta), partially transposing EU Directive 2019/1152 on transparent and predictable working conditions in the European Union. The latter considers the main conditions of work within an employee …
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