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Interest on Late Payments in Commercial Transactions Increases by 0.5% to 12.5% as of 1st January 2024

The European Union has recognised that late payments in commercial transactions negatively affect the entire European economy, as each year, across Europe, thousands of businesses go bankrupt waiting for their invoices to be paid. With the objective of protecting European businesses, particularly SMEs, against late payment, the EU adopted Directive 2011/7/EU of the European Parliament […]
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Applying for an Extension on Expired or Expiring Emphyteutical Concessions granted by the Government of Malta

On the 14th of July 2023, a legal notice titled “Expired or Expiring Emphyteutical Concessions Regulations 2023” (L.N. 161 of 2023), was published with immediate effect, introducing a system in which expired or expiring temporary or sub-emphyteutical concessions of land (whether residential, agricultural or commercial), which were originally granted by the Government of Malta or […]
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Interest on Late Payments in Commercial Transactions Increases to 12%

With the scope of encouraging enterprises and public authorities to comply with payment deadlines in commercial transactions, and to ensure the smooth functioning of the European single market, Directive 2011/7/EU of the European Parliament and of the Council of 16th February 2011 on combating late payment in commercial transactions was implemented. This Directive was transposed […]
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New Regulations introduced in an effort to improve the current construction management practices

The ‘Construction Management Site Regulations, 2022’ came into force by virtue of L.N. 340 of 2022 on the 16th of December. The Building and Construction Authority (herein ‘BCA’) was assigned the responsibility to oversee construction site management in an effort to limit environmental degradation, nuisance to neighbours and to safeguard property pertaining to the Government […]
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Ian Stafrace participating in the Chamber of Advocates’ “Annual Company Law Conference 2022”

On the 9th of November 2022, Partner Dr. Ian J. Stafrace participated in the Practitioners’ Round Table during the “Annual Company Law Conference 2022: Recent Developments, Insolvency Issues and Reforms”, organized by the Chamber of Advocates’ Malta Law Academy. The Conference was held at the Aula Magna Hall at the University Valletta Campus. The Conference […]
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A Breakdown of the Proposed New Pre-Insolvency Reforms

A new set of reforms primarily aimed at transposing the European Union’s Directive (EU) 2019/1023 on preventive restructuring frameworks, on discharge of debt and disqualifications, and on measures to increase the efficiency of procedures concerning restructuring, insolvency and discharge of debt, and amending Directive (EU) 2017/1132 (Directive on restructuring and insolvency), were recently tabled in […]
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Pre-Contractual Liability In The Case of Tenders

In two recent judgements delivered by Mr Justice Neville Camilleri and Mr Justice Grazio Mercieca, the Court decided to award Infrastructure Malta a sum of money in damages after the defendant companies failed to conclude the final contract after its offer for works was accepted by the Authority. The aforementioned cases involved the publication of […]
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An Analysis of Legal Notice 213/2022 Amending the Commercialisation of Sports Facilities Regulations (S.L. 455.12)

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 […]
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