Showing posts from June, 2011

Central Bank of Malta Financial Stability Report 2010

The Central Bank of Malta has released today June 24, 2011, its third Financial Stability Report for 2010. The cut-off point for data collected is March 11, 2011, unless otherwise indicated.

New Malta Permanent Residence Schemes announced

Earlier this evening June 16, Malta Finance Minister Tonio Fenech announces in parliament, a raft of new schemes to replace the recently suspended Permanent Residents Scheme (PRS).

Follow this article link for further coverage by The Times of Malta online.

Fundamental changes for Malta notaries - Updated March 22, 2012

Restrictions to a notarial profession here in Malta, currently rendering it exclusive to Maltese nationals, is set to change following a recent ECJ (European Court of Justice) ruling, and subsequent press release on May 24, 2011.
Infringement procedures against Malta were commenced by Brussels back in 2006, citing a breach of establishment rules due to such restrictions, however the commission had refrained from taking further action, pending this ECJ ruling.

The right to notarial exclusivity to nationals in their respective countries was also argued by Austria, Belgium, France, Germany, Greece, Luxembourg and Portugal, on the basis that notaries were public officials and therefore exempt from anti-discrimination laws. However the ECJ countered that the binding nature of legal contracts is derived from their basis in law, and not from any power devolved to notaries, who are solely authenticators of the legal documents.

The Sunday Times of Malta, June 5, 2011,  also reports  an EU offic…