The coming into force of Legal Notice 247 of 2020 has made further amendments to the Companies Act (Register of Beneficial Owners) Regulations, 2017 (the “Regulations”). Whilst previously, the Regulations imposed no annual filing requirement in relation to beneficial ownership information, the newly introduced Regulation 6A stipulates that upon each anniversary from a company’s date...
The 4th Anti-Money Laundering Directive, as implemented by the FIAU Implement Procedures, made it a mandatory requirement for the Malta Business Registry to establish a beneficial ownership registry. Every Maltese company and any other commercial partnership is obliged to disclose the details of the natural person/s considered to be a Beneficial Owner by submitting a...
In light of the COVID-19 pandemic, the Malta Business Registry (MBR) has issued measures in relation to the imposition of penalties on late submissions. The MBR has issued a notice in relation to the submission of annual returns and financial statements. If possible annual returns and financial statements are to be submitted on time (electronic...
Firm Senior Associate Krista Ellul has participated in the IBA European Start-up Conference held in London on the 20th November 2019. The conference was held at the Plexal Innovation Centre, a co-working space in East London and a leading venue for start-up companies in London. This conference focused on bringing leading start-up lawyers from across Europe together and covered a...
The Companies Act (Register of Beneficial Owners) Regulations have recently been amended by virtue of Legal Notice 158 of 2019 (the “Regulations”). As from 1 January 2020, the information on the beneficial owners of a company held by the Malta Business Registry shall be accessible to any member of the general public. Such access shall...
David Zahra and Krista Ellul, on behalf of David Zahra & Associates Advocates, recently attended the IBA European Start-up Conference held in Berlin. The confernce was held on 22 November at the EUREF Campus, a 5.5-hectare urban quarter is a symbol of the energy revolution in Germany which serves as a home base for companies working...
David Zahra, founder of David Zahra & Associates Advocates, has authored the Malta chapter of Mergers and Acquisitions 2018 published by Global Legal Group, London. Mergers & Acquisitions 2018 covers key topics including regulatory fields, M&A markets, significant transactions and industry sectors, developments, and the year ahead in 31 jurisdictions. Dowload PDF here.
After an agreement was reached with the judiciary and due approval was obtained in Parliament, a new Commercial Court will enter into force on 9 April 2018, as a sub-section of the existing Civil Court. The Commercial Court has previously existed in Malta, albeit having a different jurisdiction, but recently sentiment has grown that the...
David Zahra and Krista Ellul have attended the IBA European Start-up Conference held in London on 15 November 2017. The conference took place at Level39, Europe’s largest technology accelerator for finance, retail, cyber-security and future cities technology companies. The conference focused on the current trends in the European start-up industry and the latest funding terms in Europe...
A public consultation has been launched by the Ministry of Justice, Culture and Local Government on 26 June which is to run up until 24 July. The consultation relates to a proposal of setting up a Commercial Section within the Civil Court, First Hall. It is intended that the Commercial Section improves the quality and...
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