The European Union (the “EU”) has adopted financial sanctions in response to Russia’s military attack against Ukraine.
Some days ago, the European Competitive Network (ECN) - a network of 27 competition authorities within the European Union and the DG Competition of the European Commission, seeking to ensure an effective and consistent application of EU competition rules - issued a statement on the application of competition law in the context of the ongoing war in Ukraine.
On the 29th of March 2022, the Malta Financial Services Authority (“MFSA”) issued a circular to the industry in which several amendments to the Investment Services Rulebooks were detailed.
The Institute of Financial Services Practitioners will be holding its Annual Conference with the theme Revitalising Financial Services in Malta, on 7 April 2022.
It is recognised that the sanctions adopted by the EU and its international partners have not only affected the Russian economy but that these sanctions also take a toll on the European economy and will continue to do so in the coming months.
The Public Contracts Review Board (the “PCRB”), in Cases 1653 and 1656 , reaffirmed that in certain circumstances a contracting authority has an obligation to seek clarification from the bidder or a third party (as applicable) in accordance with the principle of proportionality.