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Fitch: Malta does not face same bank system risks as Cyprus

FitchRatings (www.fitchratings.com) has confirmed that Malta does not face same bank system risks as Cyprus. Research it carried out showed that “while both Malta and Cyprus seemingly have large banking sectors that substantially exceed the size of their economies and that rely to some degree on funding from non-resident depositors, a closer examination reveals substantial...

Malta and India sign DTA

Malta and the Republic of India have signed an agreement on the avoidance of double taxation and the prevention of fiscal evasion on income tax. The agreement was signed at a meeting between Indian External Affairs Minister Preneet Kaur and Foreign Affairs Minister George Vella on 8 April 2013 in Valletta, Malta. The signing of...

DZ&A at 4th Islamic Financial Services Forum

David Zahra, founding partner of David Zahra & Associates, has recently participated in the 4th Islamic Financial Services Forum: The European Challenge held at the Banca d’Italia in Rome, Italy on 9 April 2013. The forum was organised by the Islamic Financial Services Board (IFSB), an international standard-setting organisation that promotes and enhances the soundness and stability of the Islamic...

David Zahra leads workshop on ‘Commercial Law for Accountants’

On 3 April 2013, David Zahra, founding partner of David Zahra & Associates Advocates, lead a workshop on ‘Commercial Law for Accountants’ (M1309) as part of the Malta Institute of Accountants (MIA) programme of continuing professional education (CPE) events dealing with professional competencies. The objective of this workshop was to understand the fundamental aspects of the...

DZ&A in Id-Dritt Vol XXIII

David Zahra, of David Zahra & Associates Advocates, and Andrea Luciano, Head of the Financial Markets Group at SJ Berwin Milano office, have jointly authored an article on the proposed depositary reforms under the AIFM Directive and their impact on Malta’s attractiveness as a growing onshore fund domicile in the 23rd volume of the law...

Malta’s Banking Sector is Robust and Stable

Following recent developments in Cyprus, the Government of Malta has issued the following statement confirming that Malta’s banking sector is ‘robust’ and ‘stable’. Malta joined the euro area in 2008 in order to further enhance its macroeconomic and financial stability, and to contribute to the stability of the euro area-wide economic and financial system.  Together...

Fino advised by DZ&A in opening of Tunisia showroom

C. Fino + Sons Limited, one of the oldest and most reputable furniture houses in Malta, has opened a ‘Veneta Cucine’ showroom in Tunis, Tunisia. David Zahra & Associates Advocates was responsible for legal guidance regarding the setting up of the joint venture structure in Tunisia. The showroom, covering 450 m2, is situated in Ain...

Regulations transposing Alternative Investment Fund Managers Directive published

The Malta Financial Services Authority (MFSA) has announced that the new regulations which transpose certain parts of the Alternative Investment Fund Managers Directive have been published in the Government Gazette on 8 March 2013. The legal notices published are the following: 1. L.N. 113 of 2013: Investment Services Act (Marketing of Alternative Investment Funds) Regulations, 2013; 2....

Malta-Guernsey DTA enters into force

The agreement for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income signed by the Government of Malta and the Government of Guernsey on 12 March 2012 will enter into force on 10 March 2013. The treaty generally applies from 1 January 2014.

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© 2022 – DAVID ZAHRA & ASSOCIATES ADVOCATES

Designed and developed by Blonde and Giant