The GCEU declares the Belgian Excess Profits Tax Scheme as breaching the EU Rules on State Aid
On 20 September 2023, the General Court of the European Union (“GCEU”), in the case of Belgium v. Commission (Case T-131/16 RENV), in direct contrast to its initial decision in 2019, confirmed the findings reached by the European Commission (“Commission”) in 2016.
EU’s Carbon Border Adjustment Mechanism comes into effect
On the 1 October 2023, the European Union’s Carbon Border Adjustment Mechanism (“CBAM”) entered into effect, starting with a transitional phase that runs until the end of 2025 (the Transitional Period”).
Understanding DORA: Strengthening Europe’s Digital Infrastructure
Introduction In an increasingly digitized world, where reliance on digital services and technology has become paramount, ensuring the resilience and security of critical infrastructure is of utmost importance.
What is the Bletchley Declaration and why does it matter for AI safety?
Background On the 1st & 2nd November, the world’s first AI Security Summit was hosted within the UK. Representatives from 28 nations, including the USA, China, France and Japan, all convened in Bletchley Park to discuss the implications of the rapid advancement of highly capable general purpose AI models known as ‘Frontier AI’.
AG sets out the delineation between a payment service and e-money issuance
In the context of a request for preliminary ruling brought before the Court of Justice of the European Union (the “CJEU”) in the case of ABC Projektai UAB v. Lietuvos banks (C-661/22),
MFSA updates the Corporate Governance Manual for Directors of Collective Investment Schemes
On the 30th of September 2023, the Malta Financial Services Authority (the“MFSA”) issued a Circular wherein it announced the publication of a revamped version of its Corporate Governance Manual for Directors of Collective Investment Schemes.
MFSA issues Circular making the appointment of Independent Non-Executive Directors mandatory for Insurance Agents, Insurance Brokers and Retirement Scheme Administrators
On November 7th, 2023, the Malta Financial Services Authority (“MFSA”) issued a Circular addressing the structure and composition of the Board of Directors of certain licensed entities (the “Circular”).
Are airlines liable to reimburse the costs of repatriation flights?
On 8 June 2023, the European Court of Justice (“ECJ” or the “Court”) gave a preliminary ruling on the interpretation and scope of Regulation No 261/2004 of the European Parliament and of the Council establishing common rules on compensation and assistance to passengers in the event of denied boarding and of cancellation or long delay …
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Connecting bridges: Embassy of Malta in Germany and Ganado Advocates host two successful events in Germany
The Embassy of Malta in the Federal Republic of Germany, in collaboration with Ganado Advocates, recently hosted two successful business breakfast events: on November 14 and 15 in Frankfurt and Berlin respectively.
Max Ganado shares his insights on DAOs at the AIBC Europe conference
Last week, Max Ganado, Consultant at Ganado Advocates, attended the AIBC Europe conference and participated in a panel discussion on DAOs (Decentralised Autonomous Organisations). The event was organised between the 13th and 17th of November in Malta.