Recently, a new workplace health and safety legislation has been approved with the purpose of enhancing safety standards at the workplace. This comprehensive legal framework is designed to prevent workplace accidents and revamp the Occupational Health and Safety Authority, ensuring a safer and more supportive work environment for employees across all borders. For this reason,...
On 19 June, Malta officially signed a crucial United Nations maritime convention: the UN Convention on the International Effects of Judicial Sales of Ships (the Beijing Convention), a convention aimed at providing certainty to purchasers of ships sold in judicial sales by preventing old creditors from rearresting these ships. The Convention enhances legal certainty by...
Andrew Grech has recently represented David Zahra & Associates at the AIJA (International Association of Young Lawyers) seminar held in Malta, titled ‘Setting Sails in Turbulent Times’. The seminar, which was jointly organised by the Transport and Business Law Commissions and was held at the University of Malta’s Valletta Campus, aptly tackled the contemporary challenges...
The new Temporary Agency Workers Regulations (S.L. 452.133) (the “Regulations”) were published on June 4, 2024, and will enter into force on 1 January 2025. The Regulations seek to ensure equal treatment for temporary agency workers in Malta and will replace the current regulations. The Regulations apply to both ‘temporary work agencies’ and newly defined...
The Malta Financial Services Authority (‘MFSA’) has initiated a survey to evaluate stakeholders’ experiences and perspectives regarding the disclosure and reporting obligations stemming from the European Union Sustainability Disclosures and Reporting framework. This survey encompasses various legislative documents, including the EU Taxonomy Regulation, Sustainable Finance Disclosure Regulation, Non-Financial Reporting Directive, Corporate Sustainability Reporting Directive, EU...
The Malta Financial Services Authority (‘MFSA’) issued a circular explaining the various amendments made to the Investment Services Rulebooks. In tandem with these amendments new rules have also been incorporated, most notably in relation to Subordinated Loan Agreements (‘SLAs’) falling under MiFID Part BI. This comes as a result of the requirement for license holders...
The Malta Financial Services Authority (“MFSA”) recently announced some changes to the Rulebook for Company Service Providers (the “Rulebook”), which came into effect on 23rd January 2024. These modifications are primarily concerned with the regulatory submission process for licensed Company Service Providers (“CSPs”). Notably, these changes will have implications for submissions due in 2024 and...
These regulations provide eligible insurance entities to apply an alternative accounting framework to the International Financial Reporting Standards adopted at EU level. MFSA have issued a circular in this regard – https://www.mfsa.mt/publication/circular-on-the-newly-published-accountancy-profession-general-accounting-principles-in-respect-of-certain-eligible-entities-regulations-2023-legal-notice-299-of-2023-gapee/
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© 2022 – DAVID ZAHRA & ASSOCIATES ADVOCATES
Designed and developed by Blonde and Giant
© 2022 – DAVID ZAHRA & ASSOCIATES ADVOCATES
Designed and developed by Blonde and Giant
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