News

by novolegal, on May 28, 2020 2:25:30 PM

Through Bill number 128, the Parliament of Malta issued a bill named “Companies (Amendment) Bill”. The Bill’s objects and reasons are quoted as being ones to “affect amendments to the …

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Topics:CorporateCompany law

by novolegal, on Apr 13, 2020 3:57:06 PM

Appointment of Chief Justice Mark Chetcuti Mr Justice Mark Chetcuti has taken his oath of office as Chief Justice on Wednesday 8th April following an unprecedented unanimous approval by Parliament …

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by novolegal, on Apr 7, 2020 2:46:14 PM

The Ports and Yachting Directorate within Transport Malta, the Authority for Transport in Malta, has recently issued three Port Notices addressed to stakeholders with regard to the outbreak of COVID-19 …

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by novolegal, on Apr 1, 2020 1:57:08 PM

The Legal Services branch of the justiceservices website has been transferred to a new website legislation.mt. The current justiceservices website will be phased out and will no longer be updated …

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by novolegal, on Mar 23, 2020 5:13:50 PM

Purpose of the Bill On the 16th of March 2020, the Parliamentary Secretary for Lands and Construction announced that a bill, proposed to be named the “Real Estate Agents, Property …

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Topics:Rent

by novolegal, on Mar 23, 2020 12:42:59 PM

The Malta Financial Services Authority (‘MFSA’) published a circular on the 21st March 2020 extending certain reporting deadlines due to the COVID-19 pandemic. While the MFSA encourages firms to have …

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Topics:Financial ServicesCOVID-19

by novolegal, on Mar 17, 2020 2:10:18 PM

The Financial Intelligence Analysis Unit (‘FIAU’) has issued a notice to Subject Persons on the 16th March 2020 regarding measures taken in light of the COVID-19 pandemic. The REQ deadline …

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by novolegal, on Mar 13, 2020 1:00:00 PM

Introduction The Malta Financial Services Authority (MFSA) published a document on ‘Supervision Risks Identified, Weaknesses and Expected Controls’, which outlines the risks posed by authorized firms, certain weaknesses exhibited in …

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Topics:AML

by novolegal, on Mar 12, 2020 5:08:31 PM

Reactions to COVID-19 from local and European authorities Hereunder we have noted the various warnings being issued in relation to the COVID-19 situation. Focus has been shifted to the effects …

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by novolegal, on Mar 11, 2020 1:00:00 PM

Introduction The Malta Financial Services Authority (MFSA) published a document on ‘Supervision Risks Identified, Weaknesses and Expected Controls’, which outlines the risks posed by authorized firms, certain weaknesses exhibited in …

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Topics:AML