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Malta > Law firm and leading lawyer rankings

Editorial

DOING BUSINESS IN MALTA

Contributed by Chetcuti Cauchi Advocates

A Mediterranean archipelago, the Maltese islands are located at the crossroads between Europe and North Africa. Long popular for beach holidays, the islands also offer prehistoric temples, fossil-studded cliffs and a history of extraordinary grandeur.

Over the years, the islands have served as a geographical vantage point to its many invaders, with architecture and traditions reflecting a wide range of influences. A bi-lingual nation, both English and Maltese are the official languages of the island state.

Back in 1994, Malta issued a series of laws aimed at making Malta attractive to the foreign investor, a strategy that bore great success. Prior to joining the European Union in 2004, Malta revamped its legislative framework to meet compliance with all prevailing EU directives and requirements. This, together with Malta integration of the region’s common currency, the Euro, continued to propel Malta’s economic success. Nonetheless, the sovereign country’s freedom of movement has been amplified upon becoming a member of the Schengen Area, enabling its citizens to move and travel freely to an additional twenty-six countries.

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Legal market overview

Owing to Malta being regarded as one of the EU’s most stable and rapidly-growing economies, its legal market is experiencing considerable growth . On the back of innovative government regulations and legislation in the cryptocurrency industry, the newly-dubbed ‘Blockchain Island’ has witnessed an influx of company re-locations looking to take advantage, bringing with them new investment, employment and development opportunities.

The thriving e-gaming and gambling industries offer significant commercial and M&A opportunities for law firms, and also provide subsequent work in the fields of commercial property and real estate. The shipping sector remains buoyant, as Malta continues to be seen as the premier flagging jurisdiction in Europe. Established in 2016, Prospects (a trading facility operated by the Malta Stock Exchange) is designed for SMEs looking to issue bonds and equities on the capital markets.

Prominent firms in the legal market include Ganado Advocates, Fenech & Fenech Advocates, Camilleri Preziosi and Mamo TCV Advocates. The legal system is a unique hybrid of civil and common law, due to the various waves of continental European and British colonial influence the archipelago has absorbed over the course of its history.

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