Tackling the pandemic and its economic implications as the world faces a global fallout has brought the G20 countries together in an extraordinary way. The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, addressed the Extraordinary G20 Leaders’ Summit held virtually on March 26, 2020, upon the call of the Saudi Presidency. Within…
Read MoreThe Constitutional Court in the case (Rikors numru 22/19 GM) Joseph Grima, Georgina Grima, u Doreen Grima v L-Avukat Ġenerali u Lawrence Aquilina u Iris Aquilina has decided on two appeals, one filed by defendants Aquilina and the other appeal filed by the Attorney General (today the State’s Advocate) following a decision of the First…
Read MoreNot all lease agreements contain a force majeure provision. With respect to leases, force majeure is only referred to in “Sub-title I. Of the Letting of Things” of the Civil Code, article 1557, which refers to force majeure in one specific situation, namely the repair of damages: “The lessee shall in no case be responsible…
Read MoreThe outbreak of the Covid-19 pandemic has compelled the European Union (EU) Member States to introduce border restrictions, amongst them curbs on or measures which heavily impede the cross-border circulation of goods. Consequent traffic jams at intra-EU borders have led to drivers of freight transport (transport workers) facing waiting times of up to 24 hours…
Read MoreAs Europe confronts the Covid-19 pandemic and economic upheaval looms large, business continuity plans are essential like never before. So is making the best out of a slow-down by assessing a given modus operandi not only in the light of what needs to be adapted and adopted, but also to improve structures and performance once…
Read MoreAs the looming economic crash induced by the COVID-19 becomes all the more imminent, the European Commission is stepping up its economic and fiscal measures to assist the EU Member States in combatting and mitigating the current economic shocks to the Internal Market. The following timeline chronologically maps out the recent fundamental Communications issued by…
Read MoreThe escalating pandemic of the Coronavirus (also referred to as COVID-19), has taken a heavy toll on the workplace environment. As workers become perturbed about the risks they may be exposed to at the workplace, employers are striving to keep their businesses and companies afloat while adhering to all statutory obligations, particularly those obligations relevant…
Read MoreBy virtue of the legal notice 31 of 2020 Merchant Shipping (Shipping Organisations – Private Companies) Regulations (the “Regulations”), amendments have been made to the respective domestic law regulating shipping organisations. Please find hereunder a list with the amendments which are of significant importance: In accordance with the said amendments, shipping companies are obliged to…
Read More📌NOTICE📌 : Like the rest of the world, Malta is currently implementing procedures to contain the spread of the Coronavirus (COVID-19) throughout the island. These are unprecedented times for many of us and we are doing our utmost to handle them in the best possible way by taking precautionary measures. The GM Group is putting…
Read MoreThe Malta Financial Services Authority has today launched a stakeholder consultation setting out several proposals for the promulgation of a comprehensive principles-based Corporate Governance Code which is applicable to all entities authorised by the MFSA and Listed Companies, which would then be supplemented by sector-specific rules and complementing guidance notes. The Authority is proposing that…
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