Investment funds in Malta

Ganado Advocates

Ganado Advocates is praised for its 'quality of partners and senior associates', who 'get it right, from the start' with clients. The practice handles a wide variety of fund matters, from investment structuring and managing the licensing process with the Malta Financial Services Authority (MFSA), to  the acquisition management of fund administrators and the setting up brokerage services. Andre Zerafa jointly heads the 'proactive' department with James Farrugia, who stands out for his 'technical know-how' and 'detailed knowledge of the regulatory environment'. Senior associate Stephanie Sciberras, a corporate specialist, is 'very proficient and reactive' where necessary.

Practice head(s):

Andre Zerafa, James Farrugia

Testimonials

Team is very pro-active and takes ownership of tasks assigned and replies in a timely efficient matter.

James Farrugia – detailed knowledge of regulatory environment, particularly AIFMD, technical know-how and practical approach. Stephanie Sciberras – corporate services, very proficient and reactive to company requests.’

This firm is considered to be the top law firm on the island. They are very much in a league of their own. The breadth of knowledge, their standing in the market, the quality of the partners and senior associates within their respective legal fields all show you why Ganado is the port of choice for any legal advice on this island.

David Borg-Carbott, Andre Zerafa, Conrad Portanier, Nicholas Curmi, Stephanie Sciberras, and of course Max Ganado. They all get it right, from the start!

The firm is the largest in Malta and employ lawyers that work directly with local authorities to understand and give guidance to the authorities in their particular fields.’

They have an extremely good knowledge of their clients’ business modules and can advise accordingly.’

Mamo TCV Advocates

Led by Katya Tua, the team at Mamo TCV Advocates has the 'practical experience and depth of knowledge' to handle the full range of retail open-ended and closed-ended investments, as well as alternative and professional investor funds – mostly from a structuring and licensing perspective. Further work for clients including Futura Investment Management, The Macro Fund SIVAC plc and ACL Fund SICAV plc, includes advice on all Maltese regulatory matters. The set-up, restructuring and winding up of sub-funds are other areas of expertise.

Practice head(s):

Katya Tua

Testimonials

Practical experience and legal knowledge depth.’

Quick turnaround time.’

Key clients

Futura Investment Management Ltd

The Macro Fund SICAV plc

ACL Fund SICAV plc

The ARP Funds SICAV IC plc

Work highlights

  • Advising Futura Investment Management Ltd on regulatory matters in Malta, which includes handling the collection of evidence and filing tribunal documentation.
  • Advising The Macro Fund SICAV plc on all legal regulatory matters, including on the set-up of new sub-funds and the restructuring or winding-up of existing sub-funds.
  • Assisting ACL Fund SICAV plc with all Maltese legal and regulatory work, and liaising with the regulator.

Camilleri Preziosi

The service provided by Camilleri Preziosi's team is 'excellent', and it has a particular focus on fund licensing and transactional cases. Practice head Louis de Gabriele oversees the setting-up of various professional investor and alternative investment funds, including re-domiciliations, alongside the management – and subsequent handling of – sub-funds. Senior associate Andrew Scicluna is 'great with fund solutions' and with 'liaising with the regulator', while Malcolm Falzon is 'very knowledgeable' on bond issues.

Practice head(s):

Louis de Gabriele

Testimonials

Camilleri Preziosi are geared towards financial services in Malta. Partners and senior associates within the firm provide legal advice to a number of entities I work with, and the service they provide is excellent.’

Malcolm Falzon on corporate finance. Although still in his late thirties, Malcolm is already considered a veteran of corporate finance in Malta. My firm has worked (and still are working) side by side with Malcolm on IPOs and bond issues, and found Malcolm very knowledgeable. Andrew Caruana Scicluna should be a partner! I find Andrew great with fund solutions, and also in guiding us when liaising with the regulator.’

Key clients

BOV Asset Management Limited

Vilhena Funds SICAV plc

Aria SICAV plc

Hermes Linder Fund SICAV plc

Metatron Capital SICAV plc

Lombard Bank

Cembra Brazil Fund SICAV plc

Altinum Funds SICAV plc

Amagis Capital Management Ltd

Amagis Capital Funds SICAV plc

Greater China Value Partners Fund SICAV plc

Cembra East Fund SICAV p.lc

Cembra Gold Fund SICAV p.l.c.

Cembra India Fund SICAV p.l.c.

BOV Fund Services Limited

Apex Fund Services (Malta) Limited

Ananea Funds SICAV plc

Auge Funds SICAV plc

Accolade Fund SICAV P.L.C.

Vincent Micallef

Apartners Capital Investment Management Limited

BOV Investment Funds

Sandberg Investment Fund SICAV plc

Hold SICAV plc

Lemuria Partners SICAV plc

Infinity Capital SICAV plc

Trident Fund Services (Malta) Limited

NCC Funds SICAV p.l.c.

SJP Opportunities Fund SICAV LTD

FCS Asset Management LTD

Amicorp Fund Services Malta Limited

Amalgamated Investments SICAV p.l.c.

JP Morgan Securities plc

Nextmarkets Trading Ltd

Fenech & Fenech Advocates

Fenech & Fenech Advocates assists domestic and international investment entities with all fund matters. Its recent work includes providing regulatory guidance to professional investor funds. The firm has also acted for clients in two Maltese firsts: the setting-up of a loan investment fund and the registration of a fund able to issue tokenised units. Joseph Ghio is one of the 'go-to guys when it comes to anything in the investment industry'; Rosanne Bonnici 'marries her funds knowledge with her tax expertise'; and Josianne Brimmer is also noted.

Practice head(s):

Rosanne Bonnici, Joseph Ghio

Testimonials

Joseph Ghio is one of my go-to guys when it comes to anything in the investment industry. If there’s a solution, he will find it. Rosanne Bonnici marries her funds knowledge with her tax expertise. Comes in very useful!

Chetcuti Cauchi Advocates

Practice co-head Priscilla Mifsud Parker  is the name to note at Chetcuti Cauchi Advocates, which predominantly acts for clients on collective investment schemes. Other areas of strength include advice on post-licensing matters, passporting issues in relation to sub-funds and the set up of fund platforms. The team has also noted an uptick in instructions related to the virtual asset fund market. Natasha Cachia and Steve Muscat Azzopardi are the other co-heads.

Practice head(s):

Priscilla Mifsud Parker, Natasha Cachia, Steve Muscat Azzopardi

GVZH Advocates

GVZH Advocates' practice is able to draw on Kurt Hyzler's considerable experience across the funds sector. Hyzler, who is frequently supported by associate Nicola Fenech Conti, has expertise advising on alternative investments, along with handling the structuring and licensing of collective investment funds. Managing partner Andrew J Zammit is a popular choice for clients in the TMT sector and Luca Vella is also noted. Clients include Hottinger Group, Ana Balat Limited and Capaneo Investments Sicav plc.

Practice head(s):

Andrew J Zammit, Kurt Hyzler, Luca Vella

Key clients

Trident

Calamatta Cuschieri

Hottinger Group

Ana Balat Ltd

Capaneo Investments Sicav plc

Work highlights

  • Assisting Hottinger Group with the structuring, establishment and licensing of collective investment schemes in Malta in the context of the Investment Services Act.
  • Advising Ana Balat Limited on the structuring, establishment and licensing of collective investment schemes in Malta in terms of the Investment Services Act for various fund promoters.
  • Acting for Capaneo Investments Sicav plc on the structuring, establishment and licensing of collective investment schemes in Malta in terms of the Investment Services Act.