As the situation worsens from day to day, further catalysed by the imposition of travel bans at both a national and transnational level, market players have been forced to re-evaluate their commercial strategies. This may very well include the restructuring of leasing arrangements as it becomes more imminently likely that a lessee will be unable […]
Promise of Sale agreements and related notarial matters Further to the order of closure of the law courts in Malta on 16th March 2020 (by virtue of Legal Notice 65 of 2020 of the Laws of Malta), the Superintendent of Public Health has issued an order regulating the suspension of legal times relating to promise […]
Now that the World Health Organization has declared the COVID-19 to be a pandemic, and Governments are implementing stringent measures to prevent the spread of the COVID-19, those involved in the construction industry may be concerned as to what the COVID-19 will mean for ongoing and future construction projects. As the situation surrounding the COVID-19 advances daily, one […]
As noted by Dr Andrea Jelinek, chair of the European Data Protection Board (the “EDPB”), in a statement released on 16 March 2020, laws pertaining to the protection of personal data are not intended to create unnecessary obstacles in the global effort to combat the spread of the coronavirus pandemic[1]. That being said, laws such […]
The Government has announced a financial aid package which will have a direct impact on employers. The measures were announced on 18 March and, at the time of publication, corresponding legislation had not yet been available. The measures applicable to employers are the following: 1. There will be a flat-rate grant of €350 for each […]
Hand sanitisers, N95 respirators, surgical masks and gowns in particular have reportedly shot up in prices, to such an extent that in some countries hand sanitisers have been listed for sale for more than €1000 on online marketplaces like eBay and Amazon. The practice whereby such an increase in the price of the product is […]
The Maltese Government has introduced a number of special measures and incentives comprising of a €1.8 million package aimed at assisting businesses with the inevitable negative financial impact which the COVID-19 crisis will bring about. A. A number of significant economic measures have been introduced: Broadly, the set of measures which have been introduced include […]
Global financial markets have continued to sell off in recent days as fears surrounding COVID-19 continue to mount. Against this backdrop, asset managers’ focus has inevitably shifted to liquidity management processes and business continuity arrangements. Liquidity management Global concerns have grown since the outbreak of COVID-19, rattling investors and markets worldwide. This has led to […]
Faced with the escalating impact of COVID-19 across the globe, Tedros Ghebreyesus, Director-General of the World Health Organisation, recently commented that “[w]e don’t know what the future holds, but we can shape the future together”[1]. The precautionary measures and calculated reactions we apply to this pandemic will be crucial in mitigating the public health and […]
On the 3rd of March 2020, Act V of 2020 was published, providing for amendments to several laws, including in particular the Companies Act, Chapter 386 of the laws of Malta (the “Companies Act”). One such amendment relates to the possibility of companies operating in the shipping and, or aviation sectors to convert into cell […]