The Potential of Blockchain to Revolutionise the Maltese Maritime Industry
A ‘blockchain’ is a system which can record transactions between two parties in an efficient, verifiable, and permanent way, where transactions made in a cryptocurrency are recorded and maintained across several computers which are linked in a peer-to-peer network. These records are referred to as ‘blocks’ where each ‘block’ contains a timestamp and transaction data …
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Green Shipping: The Not-So-Distant Future?
With green hydrogen stocks flying through the roof in 2020, it is no secret that this zero-carbon phenomenon is enjoying a worldwide unprecedented political and economical momentum. As a testament to its new-fangled global interest, the universal demand for hydrogen has grown threefold since 1975, with many countries now jumping on the bandwagon, aiming for …
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The Requirements for a Valid Will Under Maltese Law
Under Maltese law, wills are mainly regulated by the Civil Code, Chapter 16 of the Laws of Malta (the “Code”), which inter alia defines a will as an instrument by which a person disposes of his/her property for the time when he/she shall have ceased to live, and establishes that wills can always be revoked …
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Increase in Minimum Wage for Seafarers Through Recent Amendments to the Seamen Wages Council Wage Regulation Order
The Interplay with Other Applicable Maritime Law Provisions Whilst also regulated under the Merchant Shipping Act (“MSA”) and the Merchant Shipping (Maritime Labour Convention) Rules (“MSR”), these standards ought to be differentiated by proper assessment of each of the applicable laws’ scope. In accordance with the Order’s explanatory note, its provisions are to apply solely …
Amendments to the Aircraft Registration Act: Key Observations.
Malta is an optimal jurisdiction for Aircraft Registration and many advantages come part and parcel with registering an aircraft in the Maltese islands[1]. On the 6th of June 2021, the President of Malta signed Act XXXVII of 2021 into law. The raison d’etre of this act aimed to amend several laws which relate to aircraft …
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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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Abolishment of the Employment License Requirement
Prior to the 11th of March 2021, all third country nationals who had long-term residence status in Malta were still expected to obtain an employment license in order to work in Malta. This has changed following the publication of Legal Notice 84 of 2021.
EU Commission proposes measures to ensure equal pay for equal work: the EU Pay Transparency Directive
Earlier this year, the European Commission presented a proposal on pay transparency, aimed at ensuring that women and men receive equal pay, for equal work.
Introducing Regulation (EU) 2019/1238 on a pan-European Personal Pension Product (PEPP)
On 26 March 2021, the MFSA issued a Circular regarding the implementation of Regulation (EU) 2019/1238 on a pan-European Personal Pension Product (the Regulation). Applicable as from 22 March 2022, the Regulation recognizes that despite EU households being among the highest savers in the world, the bulk of those savings are held in bank accounts with short …
ASDA workers win latest round of long-running equal pay fight
A Supreme Court decision has given more than 44,000 Asda employees victory in their fair pay fight with their employers paving the way for a legal battle that could last years.