SEBI UPDATE | INTERIM ORDER AGAINST JANE STREET GROUP FOR ALLEGED INDEX MANIPULATION
The Securities and Exchange Board of India (SEBI), vide an ex-parte interim order dated 3 July 2025 (Order), issued under Sections 11(1), 11(4), 11B(1), and 11D of the SEBI Act, 1992, has restrained entities of the Jane Street Group, LLC (JS Group) from participating in the Indian securities market and directed the impounding of alleged …
No excuses for substandard work
Introduction In a recent judgment delivered on the 6 June 2025, the First Hall Civil Court (the “FHCC”), in the case Raymond Azzopardi (the “Claimant”) vs Adrian Borg (the “Respondent”) presided by Madame Justice Audrey Demicoli, considered the legal obligations of contractors concerning the standard of skill and craftsmanship required under a contract of works.
Breaking Barriers: The European Accessibility Act
The European Accessibility Act (“EAA”), formally known as Directive (EU) 2019/882 (and the Maltese transposition through the “Accessibility Measures (European Accessibility Act) Regulations” – S.L. 627.03), is set to significantly transform the digital and consumer landscape across the European Union. With full implementation required by June 28, 2025, this landmark legislation aims to reduce barriers and foster universal design, ensuring …
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Shipping – Malta: The introduction of a security interest in finance lease transactions
Ganado Advocates is the author of the 2025 Marine Money International chapter on shipping in Malta (Q2, volume 41, number 2).
The Artificial Intelligence Act and insurance sector overview: Where are we so far?
The Regulation (EU) 2024/1689 (AI Act), published in July 2024, applies across all sectors, including insurance. The AI Act follows a risk-based approach and classifies AI systems into four categories according to their risk level: prohibited, high risk, limited and minimal risk. The AI Act defines a comprehensive set of governance and risk management measures that high-risk systems need …
What legal actions can the bank take if the customer defaults on a loan in the UAE?
Introduction: Defaulting on a bank loan in the UAE is regulated by the Commercial Code (federal decree-law No. (50) of 2022) and the Civil Procedure Law (federal decree-law No. (42) of 2022). Further, the Central Bank of UAE issued Loan Agreement Notice No. 3692/2012 of the personal loan agreement. This notice stipulates the terms and …
EBA’s Opinion on PSD2 and MiCA: Clarifying the Path for CASPs who provide services in relation to EMTs
On 10 June 2025, the European Banking Authority (“EBA”) published its long-awaited Opinion[1] on how the existing second Payment Services Directive (“PSD2”) interacts with the Markets in Crypto-Assets Regulation (“MiCA”), in the context of electronic money tokens (“EMTs”). The issue at hand is that EMTs, under MiCA, are defined as electronic money—meaning they also fall within …
MFSA publishes observations from inspections with investment services providers
The Malta Financial Services Authority (“MFSA”) has published a Dear CEO letter addressed to all chief executive officers and compliance officers of ‘persons professionally arranging or executing transactions’, particularly to investment services providers. The letters sets out the MFSA’s main findings following numerous market abuse-related supervisory inspections which it carried out with numerous Maltese investment services providers …
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Understanding the New Civil Defence Authority and Its Regulations
Introduction The UAE has issued a new civil defence law which is governed by federal decree-law No. (35) of 2024 on the reorganization of the civil defence authority. This new civil defence law aimed at strengthening emergency response and disaster management.
Auto-enrolment occupational pension regime: What will this mean for employers?
Recent launch of public consultation on the proposed introduction of an auto-enrolment occupational pension regime in Malta