Publications

Parliament finally publishes amending Act to the Trusts and Trustees Act, permitting trustees to also act as CSP’s

Authors: Anthony Cremona
Published on December 28, 2017
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Practices: Trusts & Foundations
After a long wait and after fruitful discussions held by STEP Malta with the MFSA, Parliament has finally enacted Act XXXI of 2017 on the 22nd December, 2017 which, amongst various financial services laws, also amends the Trusts and Trustees Act (Cap. 331 of the Laws of Malta; the “TTA”).

Time is running out for LIBOR

Authors: Beppe Degiorgio
Published on November 23, 2017
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Practices: Financial Markets Regulation
The London Interbank Offered Rate (LIBOR) has been used as a standard reference for the pricing of loans, derivatives and other contracts that have a floating rate for the past three decades, making it a keystone of the world’s financial markets; at its peak it was used to price $350 trillion of financial products, from mortgages to derivatives.

Blockchain and Smart Contracts – Disrupting or complementing the legal community?

Authors: Jens Buedinger, James Debono
Published on October 27, 2017
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Practices: E-Money & Payment Services, General Commercial & Contract Law, Intellectual Property & Telecoms, Media & Technology
Currently blockchain technologies are disrupting and revolutionizing various industries on a global level through the use of immutable public ledgers spread over a distributed network. The blockchain’s main disruptive element in today’s commercial and economic ecosystem is its ability to eliminate the (often taken for granted) necessity to trust intermediaries to certify a transaction.

Commercial Yacht Registration in Malta

Authors: Jotham Scerri-Diacono, Jan Rossi
Published on September 29, 2017
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Practices: Ship Registration, Yacht & Superyacht Registration
Malta is rapidly becoming a flag of choice for yacht and superyacht owners. There are now over 500 superyachts greater than 24 metres in length flying the Malta flag, with the number of registered yachts increasing profoundly when yachts smaller than 24 metres in length are taken into consideration.

General Data Protection Regulation

Authors: David Borg-Carbott, Philip Mifsud
Published on September 22, 2017
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Practices: Data Protection & Privacy
The European Parliament and the Council of the European Union reached an agreement in 2015 on the main principles behind the General Data Protection Regulation 2016/679 (hereinafter referred to as the “Regulation” or “GDPR”). This Regulation, which will come into effect on 25th May 2018, was proposed in order to address the difficulties and deficiencies arising under the 95/46/EC Directive.