2024 Amendments to the Trusts and Trustees Act (Fees) Regulations
The Trusts and Trustees Act (Fees) (Amendment) Regulations 2024 (the “Regulations”), published on 24th December 2024 through Legal Notice 372 of 2024, have substituted the previous regulations last amended in 2015. They will be Subsidiary Legislation 331.01 under the Trusts and Trustees Act (Chapter 331 of The Laws of Malta) (the “Act”).
Is a handshake equivalent to a final agreement?
Introduction In the case Beer House Ltd (the “Claimant”) vs The General Soft Drinks Company Ltd (C3774) (the “Defendant”) & GSD Marketing Limited (called in as a joinder by means of a decree on the 4 January 2022) ( “GSDM”), the Hon.
Launch of Consultation Period on a new draft Rulebook for Trustees and Other Fiduciaries
On 5th December 2024, the MFSA launched a consultation period on a proposed new Rulebook for Trustees and other Fiduciaries (the “New Draft Rulebook”), ending on the 31st January 2025.
Non-Profit Companies: A Contradiction or a Practical Tool?
When one thinks of a company, trading activities and profit-making typically come to mind, with dividends eventually distributed to shareholders. The trading “purposes” of a company are in its Memorandum and Articles of Association and while the Companies Act allows companies to be established for any lawful purpose, it is unusual for a company’s purpose …
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Mergers and acquisitions: Are we in for a rebound?
The current reawakening of the M&A market follows a slumber experienced over the past few years. The recent announcement of Goldman Sachs’ proposed acquisition of a significant stake in Melita plc marks a pivotal moment for Malta’s corporate landscape.
MiCA Goes Live: A Milestone for Crypto Regulation
On 30 December 2024, the Markets in Crypto-Assets Regulation (MiCA) came into full force across the EU – ushering in a new chapter for the crypto-asset industry.
The Role of Arbitration in Strengthening Armenia’s Business Climate
Over the past few years Armenia has been laying the groundwork for a more transparent and business friendly environment. One domain that has great potential but somewhat remains untapped, is arbitration. In today’s rapidly changing global market, investors look for fast results, impartiality and flexibility, something that can be achieved through arbitration and not traditional …
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Court of Appeal grapples with fake citations and the inevitability of AI Lawyers
Two years ago, I attended an application to set aside possession in which a Litigant in Person argued that a section 21 notice was defective unless all historic tenancy documentation relied upon was served alongside it. They cited Brown v Sunley Homes Ltd [2017] in support of this position. The proposition was untrue, and the …
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Expiry of Land-Use Projects with a Term of 50 Years or Less?
With more than 35 years of foreign investments in Vietnam, various land-use projects, particularly those with less than 50-year term, are approaching expiry. With the new land law and investment law, it is crucial for the investors to understand the regulations on the adjustment/extension of the project operation duration and proactively manage and plan for …
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FIR and ECIR in Financial Crimes: Parallel Investigations with Overlapping Implications
A. Introduction In the year 1834, the first Indian Law Commission was constituted under the Chairmanship of Lord Thomas Babington Macaulay to examine, inter alia, the existing laws in force in India at that time. The Commission’s recommendation led to the eventual enactment of the Indian Penal Code in 1860. The aim was to substantively …