Navigating Digital Waters: ICT Risk Management Under DORA
Introduction In an era dominated by digital advancements, the Digital Operational Resilience Act (DORA) stands as a pivotal framework designed to fortify the digital landscape within the European Union (EU).
MFSA launches Consultation Process covering Chapter 2 of the VFA Rulebook
The Malta Financial Services Authority (“MFSA”) has kept the momentum going ahead of the implementation of the Markets in Crypto-Asses Regulation (“MiCA”). We expect MiCA to have a significant impact on the EU/ EEA market in relation to crypto-assets.
The Consumer Credit Directive Revamped
Introduction Personal loans and overdrafts, credit cards and short-term credit products are amongst the commonest consumer lending products offered by banks and financial institutions to satisfy a variety of consumer needs.
European Council and European Parliament agrees to criminalise violation of EU sanctions
On 12th December 2023, the European Council and European Parliament have come to a provisional political agreement on the introduction of criminal offences and penalties for the violation of EU sanctions.
Consumer Protection: Unfair terms in consumer contracts
In a request for a preliminary ruling requested by District Court of Warsaw, Poland to the European Court of Justice (“ECJ”), three Polish citizens brought an action against Provident Polska relating to agreements entered into between them and Provident Polska.
Possession versus Tolerance: The salient element of the Actio Spolii
In its judgement delivered on the 14 December 2023, in the names of Oreste Attard and Patricia Attard (collectively the “Plaintiffs”) vs Russell Attard and Alistair Attard (collectively the “Defendants”),
FIAU Thematic Review on Company Service Providers when providing Company Formation Services
On 14th December 2023, the Financial Intelligence Analysis Unit (“FIAU”) published the results of a thematic review carried out during the first quarter of 2023 on Corporate Service Providers (“CSPs”) adherence to Regulation 7(1)(c) of the Prevention of Money Laundering and Funding of Terrorism Regulations (‘PMLFTR’) following the issuing of the IPs Part II for …
CJEU ruling on the notion of ‘processing’ in the context of mobile apps
The convergence of public health imperatives and individual data protection rights has come under scrutiny in a recent landmark case delivered on the 5 October 2023 by the European Court of Justice (ECJ),
BENEFITS OF INVESTING IN GIFT CITY, INDIA
Introduction Gujarat International Finance Tec-City (“GIFT City”) located at Gandhinagar, Gujarat is India’s first International Financial Service Centre (“IFSC”) and the first operational smart city designed with an unequivocal focus to be a game-changer for India’s financial services market aims at becoming a global financial hub at par with international financial zones.
Clasis Law secures landmark decision on payment by the insurance company under IBC
The Bench comprising of Mr. Justice Ashok Bhushan (Chairperson) and Mr. Barun Mitra (Technical Member) of Hon’ble National Company Law Appellant Tribunal,