Private trustee companies: an alternative to foundations

Authors: Anthony Cremona
Published on July 10, 2018
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Practices: Trusts & Foundations
In 2014, Malta introduced Private Trust Company provisions into its trusts legislation through the introduction of the concept of a trustee acting for a family trust, as the corporate equivalent of the private individual trustee. In this way, the Maltese legislator created an alternative to the more traditional and widespread professional trustee/administrator or individual private trustee role. The trustee of a family trust or the ‘Private Trust Company’ is not required to undergo a full authorization process with the Malta Financial Services Authority (MFSA). If all conditions are satisfied, a Private Trust Company is merely required to apply for registration with the MFSA, which gives it a huge regulatory advantage over professional trustees or administrators other- wise requiring full MFSA authorization.

Initial VFA offerings under the Virtual Financial Assets Act, 2018

Authors: GANADO Advocates Blockchain Team
Published on June 25, 2018
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Practices: Fintech & Blockchain
The stated purpose of the Virtual Financial Assets Act, 2018 (“VFAA”), currently still in the form of a bill, is to “regulate the field of Initial Virtual Financial Asset Offerings and Virtual Financial Assets and to make provision for matters ancillary or incidental thereto or connected therewith.”