Fintech in Malta
The ‘knowledgeable’ team at Ganado Advocates, in addition to its work within cryptocurrencies, is moving its focus towards payment service providers. With an impressive client list, the firm offers regulatory advice and assists companies setting up or launching in Malta. Leonard Bonello heads the fintech practice and is regarded for his 'valuable insight and direction.’ James Farrugia is another key name.
Other key lawyers:
James Farrugia; Simon Schembri; Max Ganado; Caroline Gauci; Vanessa Anne Gatt; Paul Falzon
‘This is probably the most skilled and knowleadgeable law firm that you can find in Malta. You can find support and guidance for any regulatory topic from PSD2, GDPR, AML to licensing and authorization.’
‘We worked together with Ganado on many complex projects and have always found the individuals assigned for each project to be very competent in their respective fields. Leonard has a strong background in all different areas of regulation and is the go to person on any project, offering valuable insight and direction. He puts together the best team for a project and then continues to have oversight throughout until delivery.’
‘Partner Leonardo Bonello and associates Caroline Gauci and Vanessa Anne Gatt demonstrated a strong knowledge of the highly specialized field of payments services. The team has been particularly effective because, after a first presentation call and an intermediate quick follow up conversion, it delivered the Q&A requested with substantially no need of further comments on my side. Accordingly, I enjoyed their deep knowledge of the matter, which they deliver and not sell.’
‘Professional approach in details and general concept. Lovely staff who are ready to pay due attention to the client.’
‘They stick to agreed deadlines, and their advice was clear and user friendly (i.e. not need for lots of clarifications or follow up questions).’
‘They are responsive, commit to and adhere to deadlines and communicate clearly. We’ve worked with Leonard Bonello and Caroline Gauci.’
‘Knowledgeable, great support and deep knowledge about licensing requirements. Great service and can-do attitude which is much appreciated. Very good sense of the business perspective.’
‘Leonard Bonello has been fantastic. Very knowledgeable, business-oriented, hands-on and follows through.’
‘Know how on finance and crypto is unparalleled.’
‘James Farrugia and Paul Falzon are not just knowledgeable but find solutions to real problems.’
‘Knowledgeable and competent in the fintech space’, the team at GTG Advocates has a great reputation in the market for its experience in blockchain and virtual currencies. Highlights included advising on a corporate restructuring exercise for one of the biggest cryptocurrency exchanges in Europe as well as its work as counsel for the MDIA and MFSA. The firm’s managing partner, Ian Gauci, acts as an adviser to the government of Malta, devising policy and strategy on the regulation of blockchain and virtual currency services. Key names to note at associate level are Terrence Cassar and Cherise Abela Grech.
Other key lawyers:
Terence Cassar; Cherise Abela Grech; Bernice Saliba; Luke Mizzi
‘The lawyers in GTG are very knowledgeable and competent in the Fintech space. Whenever there is doubt, they would research the areas in questions and respond promptly.
‘Dr Cherise Abela Grech, Dr Terence Cassar, Dr Bernice Saliba and Dr Luke Mizzi have been exceptionally helpful and accommodating. They are knowledgeable and meticulous in their work. Personable and patient in communication. Working with them has alleviated our anxiety in a rather stressful journey. ’
‘The team is very strong in its blend of technical and legal knowledge at a European level. It is constantly up to date with case law and writes very informative articles about landmark cases.’
‘Dr Ian Gauci is a very intelligent and well informed lawyer. His knowledge of technology-related law spanning from telecommunications law to cryptocurrency regulations makes him stand out from similar lawyers in this sphere.’
‘Dr Terrence Cassar is also a highly respected lawyer who specialises in data protection and is highly knowledgeable on the subject.’
‘Top tech lawyers in Malta and very driven and ambitious to succeed in all legal services required by their clients’
‘Driven and energetic particularly Dr. Ian Gauci’
Malta Digital Innovation Authority (MDIA)
Malta Financial Services Authority (MFSA)
The Government of Malta
Malta Information Technology Agency (MITA)
Pinewood Holdings Limited (BitBay)
Qufan Internet Technologies Limited
Montessori Worldwide Development Limited
Kyber Network International Limited
Riktig Solutions Ltd
- Advised Malta Digital Innovation Authority on enhanced systems audits for critical innovative technology applications and in relation to the forensic node requirement guidelines.
- Advised Malta Financial Services Authority on virtual currency matters, especially on rulebook amendments, consultations, guidelines and subsidiary legislation.
- Conducted an in-depth study for Tech.mt on why technology companies and start-ups might look at Malta as an investment-attractive country from a fintech perspective.
The practice at Camilleri Preziosi, thanks to ‘CAMA’, an alliance between the firm and Amagis Capital, assisted prospective VFA issuers in seeking registration of their white paper with the MFSA and applicants looking to obtain a VFA service provider licence. In addition to license applications, it has helped clients establish and organise security token platforms and assisted with several ICO listings. Malcolm Falzon, who ‘is particularly well versed in legal developments in the fintech space’, leads the practice alongside Louis de Gabriele.
Louis de Gabriele; Malcolm Falzon
‘Camilleri Preziosi is led by a team of highly regarded individuals. Collectively, the partners are amongst the best-in-class. With a very strong background in traditional finance, capital markets, M&As and transactions, it was only natural that the team evolves into technology-driven, capital raising methods and decentralised business models.’
‘Dr Malcolm Falzon is particularly well versed in legal developments in the Fintech space. His charming personality coupled with his extensive knowledge makes him a go-to individual for Fintech and Capital Markets transactions.’
2gether Money Management S.L.
Omni Matrix Limited
The 'extremely knowledgeable and reliable' practice at WH Partners advises on the full range of blockchain and technology-related matters. It has negotiated some big-ticket technology licences and assisted in the launch of several ICOs. It assisted FalconX this year on obtaining a license as well as two venture capital seed funding rounds where the client raised over $17m. The team is led by Joseph F. Borg.
Joseph F. Borg
‘WH Partners are extremely knowledgeable and reliable when it comes to assisting on legal matters in Malta. This contributed to create an incredible reputation as one of the best law firms in the country.’
Notional Transfer Ltd
Thrive Labs Ltd
Everest Network Ltd
Casino Coin Foundation
Paysafe Group plc
- Advised Falcon X on financial services regulation and the application for a virtual financial services licence under the Malta Financial Services Authority’s regulatory framework for virtual financial assets.
- Assisted Everest Network with the corporate structuring, tax planning and the drafting of commercial agreements including an early contributors agreement and the token sale terms and conditions for the private sale of its token.
- Provided regular advice to Emoney plc on various legal and compliance matters.
The practice at GVZH Advocates is regarded for its expertise in payments and financial services. The team is led by the ‘very responsive and business-minded’ Andrew Zammit, Kurt Hyzler and Luca Vella. The group has recent expertise assisting with regulatory issues in the space.
Andrew Zammit; Kurt Hyzler; Luca Vella
‘Strong expertise in payments/financial services.’
‘Andrew Zammit – very responsive; business-minded, practical advice.’
DNXCorp SE (Listed on Euronext Paris) and SysCapital Limited
The team at Mamo TCV Advocates offers advisory and transactional services to a range of clients from banks to telecoms providers to software companies. It has assisted clients in setting up a VFA exchange and advised on obtaining a license under the new virtual financial asset framework. The team is led by Katya Tua, who is experienced in investment services.