Author: conceptstadium

A new legal notice that made significant amendments and additions to the Commercialisation of Sports Facilities Regulations (S.L. 455.12) entered into force on the 29th of July 2022. The Regulations which were originally promulgated in 2017, established a framework allowing sports organisations to conduct commercial activities from their properties. The new legal notice aims to […]

Maltese law recognises both institutes of assignment of lease and sub-lease as viable options to lessees party to lease agreements. In fact, Article 1614 of the Maltese Civil Code, Chapter 16 of the laws of Malta, provides that “the lessee is not entitled to sub-let a thing or to assign its lease, unless such right […]

The irrevocable mandate granted by way of security is an exceptional institute. It contains remnants of a mandate, whereby a person (a mandator) delegates legal authority to another (a mandatary) to execute certain legal acts. However, it also contains remnants of an assignment of a right or a contractual accord of an interest. It is […]

Use of the phrase ‘force majeure’ has undoubtedly gained traction after the Covid-19 pandemic. Whilst the inclusion of force majeure clauses within contractual agreements had previously been considered an afterthought (and parties often made use of standard clauses for it), nowadays, force majeure clauses have become a point of contention in negotiations. In view of […]

Through the publication on 24 December 2021 of Legal Notice 490, the 15% tax rate on profits derived upon the assignment of rights on a promise of sale of immovable property situated in Malta has been extended by another year, until the end of 2022. The extended scheme does not impose any capping on the […]

In an effort to combat the ever‐growing need to regulate cash transactions for money‐laundering purposes, the government, in October 2019, announced a policy decision by which cash payments for certain high‐value goods were restricted. Subsidiary legislation 373.04 was published on the 9th of March 2021 as Legal Notice 81 of 2021, coming into effect on […]