The Parties’ Free Choice of EU Jurisdiction
On 8 February 2024, the Court of Justice of the European Union (“CJEU”), in delivering a preliminary ruling in the name of Inkreal s.r.o. v. Dúha reality s.r.o. (C-566/22) reached a controversial conclusion that parties established in the same Member State may agree on the jurisdiction of the courts of another Member State to settle …
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The interplay between ESG and succession planning in Maltese family businesses
The acronym ESG (which stands for Environmental, Social, and Governance) has become one of the buzzwords pervading discussions across various media platforms and at conferences over the recent months and will definitely gain further traction in the years to come.
AIFMD II – A step closer to entry into force
On 26 February 2024, the Council of the European Union announced that it adopted the proposed Directive amending the Alternative Investment Fund Managers Directive (2011/61/EU) (“AIFMD”) and the UCITS Directive (2009/65/EU), commonly referred to as the ‘AIFMD II’ (2021/0376 (COD)).
Faster Credit Transfers: EU Council adopts Regulation on Instant Payments
The EU Council has, on 26 February 2024, given the green light for the proposed regulation for instant payments in the single market.
The MFSA consults on a draft Conduct of Business Rulebook for Banks
Deposit accounts, payment accounts, electronic money and certain categories of lending are amongst the in-scope Retail Products
Listen: Merger control in Malta
In the fourth episode of the Ganado Meets Corporate Podcast, Dr Clement Mifsud-Bonnici, Senior Associate at Ganado Advocates, speaks with Office of Competition’s Director General, Godwin Mangion where together they discussed merger control law in Malta.
MFSA Shifts to Outcomes-Based Supervision in 2024
The Malta Financial Services Authority (“MFSA”) has released its Supervisory Priorities for 2024, outlining a change to an outcomes-based approach to supervision.
Market Abuse: Zip Your Lip!
In March 2022, the European Court of Justice (ECJ) gave a preliminary ruling[1] in yet another case about the unlawful disclosure of inside information – this time by a journalist (Mr A) who informed some sources about a story he was going to publish in a prominent British newspaper regarding two takeover bids which were …
Tiktok’s request for suspension of “Gatekeeper” status under Digital Markets Act dismissed by EU General Court
On 9 February 2024, the General Court of the European Union (the “GC”) rejected the application issued by Bytedance Ltd – TikTok’s parent company (the “Applicant”) – for interim measures vis-à-vis the EU Commission’s challenged decision to designate it as a “Gatekeeper” under the Digital Markets Act (the “Decision”).
Strengthening Cyber Resilience: ICT Third-Party Risk for Insurers under DORA
In the digital age, insurance companies are not only guardians of financial protection but also stewards of sensitive customer data.