The potential of Iran and the growth of Islamic Finance as a means of European investment in the Gulf and vice versa were the main topics of discussion at a seminar held in Milan on 16 December 2015 and organised by Fondazione Istud. Participants discussed the recent news of Iran’s return to the world trade circuit...
The right to equal pay between men and women for equal work or work of equal value has been a founding principle of the European Union since the Treaty of Rome in 1957. Despite the legal framework, the effective implementation of this principle remains a major challenge in the European Union. The Companies Act, in...
Malta’s everlasting vocation, as a centuries-old trading post in the middle of the Mediterranean, to act as the melting pot of conventional finance and the workings of Islamic finance has been highlighted in an article penned by David Zahra for the November issue of Business Islamica, a monthly magazine published in the Middle East specifically covering all aspects of...
A double taxation agreement (DTA) initialled by Malta and Curaçao in 2013 (click here for earlier news item) has been signed and ratified by both states on 18 November 2015. The DTA will enter into force as of 1 January 2016. The DTA is mainly based on the OECD Model Tax Convention on Income and on Capital, but includes special...
After three years of deliberation, a proposal to amend Council Directive 2006/112/EC has been put together, with the intention of creating an EU-wide standard VAT return which Member States are required to enact in domestic legislation by the 31st December 2016. With the goal of easing the bureaucratic and procedural requirements imposed on businesses in different...
The Sultanate of Oman has recently introduced a regulatory framework for Islamic banking and, just a few weeks ago, issued its first sovereign sukuk (or an Islamic bond, as more commonly known). As a latecomer in the industry (it is in fact the last GCC nation to venture into Islamic finance), it has had the advantage of adopting...
The Malta Stock Exchange has recently announced the formation of 3 working committees aimed at expanding and enhancing its business development objectives in 2016 and beyond. One working committee shall focus on Islamic Finance, which has been identified as one of the key areas to enhance Maltese capital markets. In a statement, the Malta Stock Exchange said that it...
In 2015, following positive client feedback and having acted on some notable transactions, David Zahra & Associates Advocates moved up in the IFLR1000 rankings and is now ranked a Tier 2 law firm in the Financial and Corporate practice area. The IFLR1000 is a leading independent reviewer of the world’s leading financial and corporate law firms...
Transport Malta’s annual report, published in January 2015, stated that as at the end of December 2014, the number of ships registered under the Merchant Shipping Act stood at 6,667 for a total gross tonnage of 57.9 million. This result continues to consolidate Malta’s position as the largest European ship register and one of the ten largest...
New regulations have been introduced aimed at attracting third-country national investors to Malta by issuing a residency certificate entitling the investors to settle or stay indefinitely in Malta. The Malta Residence and Visa Programme was launched on 28 of August 2015, . These regulations seek to attract foreign, third national investors to Malta by providing for the...
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© 2022 – DAVID ZAHRA & ASSOCIATES ADVOCATES
Designed and developed by Blonde and Giant
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