News

Council approves Omnibus II Directive

GANADO Advocates - April 17, 2014 - Categories: Other News
The Council of the European Union has approved the Omnibus II Directive, ensuring that the implementation of the Solvency II regime is on track for the start of 2016.

Commission Proposal to Amend the Shareholder Rights Directive

GANADO Advocates - April 15, 2014 - Categories: Other News
On 9th April 2014, the European Commission adopted measures to improve corporate governance of around 10,000 companies listed on Europe’s stock exchanges, by proposing certain amendments to the Shareholder Rights Directive (Directive 2007/36/EC).

Mandatory Prestanome

GANADO Advocates - April 10, 2014 - Categories: Other News
The Court of Magistrates (Gozo) (Superior Jurisdiction) presided by Magistrate Dr Josette Demicoli on March 28, 2014 in the case “Erika Gertrud Selma Menestret vs Dr Georgine Schembri on behalf of Brigitte Simsch” held that it was not legally prohibited for one party to act as prestanome in view of the fact that in 1988 it was internal governmental policy that AIP permits could not be granted to same sex couples who were interested in purchasing immovable property in Malta/Gozo.

MFSA publishes rules for Company Service Providers

GANADO Advocates - April 4, 2014 - Categories: Other News
After a 3 month consultation period which saw the active participation of several stakeholders (including GANADO Advocates), the Malta Financial Services Authority ("MFSA") published the final set of rules (the "Rules") for company service providers.