Telecoms & Media in Malta | 2018 GTDT Edition
Communications policy Regulatory and institutional structure Summarise the regulatory framework for the communications sector. Do any foreign ownership restrictions apply to communications services? The regulatory framework for telecommunications in Malta is based on the following primary and secondary legislation:
Lexology 2018 Q&A Report on Data Security & Cybercrime in Malta
Jurisdiction snapshot Trends and climate Would you consider your national data protection laws to be ahead or behind of the international curve? Malta has been proactive in the implementation and development of its national data protection legal framework and is fully compliant with EU standards and best practice. Accordingly, Malta is a member of the …
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A holistic approach to regulating cryptocurrencies and virtual financial assets in Malta
Malta’s Parliament has recently approved three bills surrounding blockchain technology and cryptocurrency. These bills were presented by the government in order to instil legal certainty in the sector as well as to address banks’ concerns in accepting companies working in the industry.
Virtual Currencies & ICOs in Malta – State of Play
It is fair to say that virtual currencies (“VC”) and initial coin offerings (ICOs) have been all the rage in 2017 and, while many of the more well-renowned VCs have lost more than 50% of their value in the first quarter of 2018, this new digital asset phenomenon has not shown any signs of relenting.
The Rights Granted To Minority Shareholders Under The Maltese Companies Act
“The rights of minority shareholders are an important and rapidly developing branch of law. It raises difficult questions of principle: the conflicts between the letter and the spirit of the company’s constitution; between the sanctity of the bargain between shareholders embodied in the articles and unfair treatment; between giving a remedy which is effective and …
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Qualifying Employment in Aviation (Personal Tax) Rules
Legal Notice 378 of 2017 has amended the Qualifying Employment in Aviation (Personal Tax) Rules which were originally promulgated in 2016, and amended by means of Legal Notice 1 of 2017. Under the Qualifying Employment in Aviation (Personal Tax) Rules, which have come into force specifically under the auspices of the Maltese Income Tax Act, …
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Award to Employee Following Transfer of Undertaking
The transfer of undertakings takes place when a business or undertaking is taken over by another Company (new employer) from the current Company (old employer). Any employee in employment, with the old employer, shall be deemed to be in employment by the new employer who shall also take on all the rights and obligations which …
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Lexology Navigator: Secured Lending Trends and Regulatory Climate
TRENDS AND REGULATORY CLIMATE TRENDS What is the current state of the lending market in your jurisdiction and have any new trends emerged over the last 12 months? The lending market in Malta has traditionally been a conservative one. This factor contributed significantly towards the stability of Maltese credit institutions and debt security issuers during and after …
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New Incentives for Family Businesses
The Family Business Act (the “Act”), which came into effect on the 1st of January 2017, aims to regulate family businesses and the manner in which they are managed and operated. It also endeavours to ease the process of succession and transfer of the family business. Through the Act, businesses can structure and register themselves as …
The European Commissions’s take on a European Data Economy
MOVING TOWARDS THE CONCEPT OF A EUROPEAN DATA ECONOMY Digital data is a fundamental resource for economic progress, job creation, citizen empowerment, competitiveness, and business development. The European Union (EU) must guarantee that data flows across borders and sectors. This data should be available and reusable by stakeholders in an efficient manner and supplemented by …
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