The Court of Appeal has recently (on the 9th July 2020) overturned a judgement given by the First Hall of the Civil Court in 2014 in the case Gloria Beacom and Henriette Vella Bardon vs Alfred Camenzuli et.
Smaller businesses may now benefit from the Malta Development Bank’s new initiative. This initiative supports the businesses which take out loans under the COVID-19 guarantee scheme (CGS) while removing the need for high levels of soft collaterals.
George Hyzler, the Commissioner for Standards in Public Life has presented revisions to the code of ethics for MPs and ministers. These proposals are in line with recommendations by the Group of States Against Corruption (GRECO), which is a Council of Europe Body. They aim to strengthen ethical standards and reinforce the accountability framework.
During yesterday’s parliamentary plenary session, the Constitution was amended unanimously. The amendments to the way in which judicial appointments are made have been praised by the President of the European Commission, Ursula von der Leyen. With the amendments following the advice of the Venice Commission, these aim to ensure further judicial independence.
In view of the tightening of Anti Money Laundering legislation worldwide, the Government of Malta, with effect from 16th June 2020, decided to increase the executive powers of the Malta Business Registry in order to ensure the country’s compliance with the international AML standards.
What is being described as the ‘new’ Individual Investor Program seems to lack the radical rethink that would merit the moniker.
Amendments to the Companies Act have been made by LN 248 of 2020. This legal notice is entitled the Companies Act (Shipping and Aviation Cell Companies) Regulations.