The Act to Regulate the Legal Profession in Malta
An act regulating the legal profession in Malta has entered into force on the 20th April 2021. The aim of the act was to address inefficiencies identified by Moneyval and to create further safeguards for the legal profession in terms of money-laundering risks.
Lego, The Block of Discord
On 24 March 2021 the European General Court (EGC) overturned the 10 April 2019 decision of the Board of Appeal of the European Union Intellectual Property Office (EUIPO) invalidating a design for one of the blocks of the famous Lego building set.
Amendments to the Prevention of Money Laundering and Funding of Terrorism Regulations – Legal Noti
On 30th April 2021 a legal notice (L.N. 199 of 2021) (the “Legal Notice”) introduced a number of amendments to the ‘Prevention of Money Laundering and Funding of Terrorism Regulations’ (the “PMLFTR”). The following is a short synopsis of the key amendments:
Director’s Failure to Intervene: Breach of Fiduciary Duty in the Context of Insolvency
Introduction A director owes fiduciary duties to a company to prevent the assets of the company from being depleted illicitly, especially when the company is insolvent. This is regardless of whether or not the director is a de jure, de facto or shadow director. The duty of a director includes taking action or intervening when it is …
A Newly Launched Residence Opportunity: the ‘Malta Permanent Residence Programme’
The Malta Permanent Residence Programme (hereinafter ‘MPRP’) was launched on the 29th March 2021 by virtue of Legal Notice 121 of 2021. The MPRP is a residency-by-investment programme which essentially entitles the beneficiary (who must be a non-EU national) to the right to settle, stay and reside in Malta on a permanent basis. In addition, one …
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Limitation on Financing Expense Deduction through the Updated Draft Communique
With the Article added to Corporate Tax Law No. 5520 (“CTL”) through Law No. 6322 promulgated in the Official Gazette dated 15.06.2012, the limitation on financing expense deduction was re-introduced into our legislation. According to the regulation whose first effective date was 01.01.2013, for the taxpayers whose foreign liabilities exceed their equity capital, except for credit …
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Road to Energy Efficiency in Public Buildings: Communique on the Implementation of EPC’s
In our country, significant steps have been taken recently to increase energy efficiency, to reduce energy costs, and to protect the environment. One of these steps is to increase energy efficiency by saving energy used in public buildings. Various regulations have come into force regarding public administrations, as well as other public institutions and organizations …
Assignment of the Author’s Economic Rights
The author is the person creating the work and automatically becomes the owner of the economic rights on the work by the creation thereof. If the author does not have the resources to solely exercise the economic rights on the work, s/he may apply two different methods to benefit from the economic rights as regulated …
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What Does Remote Working Regulation Regulate?
The concept of remote working was included in the scope of Turkish Labor Law No. 4857 (“Labor Law”) through the amendment[1] of Article 14 of the Labor Law in 2016. However, no secondary legislation that regulates the details of remote working was published following the amendment.
Minimum Labour Conditions of FIFA for Female Players Regarding Pregnancy and Maternity
On 4 December 2020, the FIFA Council approved the amendments to the Regulations on the Status and Transfer of Players (“RSTP”) endorsed by the FIFA Football Stakeholders Committee in November, 2020. One of the most essential additions to the RSTP is the provision regarding pregnancy and maternity for female professional players. This article focuses on …