Malta is set to host the 5 + 5 Summit next Friday and Saturday. The Summit sees the coming together of 10 Mediterranean nations under one banner to discuss various pressing issues and communal concerns. Since the Arab Spring uprising of 2011 there has not been a collaborative meeting of this nature between these states. It is likely that this may be a central theme of the weekend.
Big news for European Law as Malta hopes to find itself a permanent member of the European Public Law Organisation after the Deputy Prime Minister and Minister of Foreign Affairs, Tonio Borg, announced plans for Malta’s application. This came about at the second annual EPLO Malta Conference; considering the timing and the venue the announcement is apt and perhaps not a surprise. It was explained by Dr. Borg that becoming a member of the EPLO would be a benefit to Malta since it would offer economic growth and development through the analysis and review of public European law in a way to promote European values. These include aspects of tourism law, Malta residence law and other topics of interest that make a massive difference to the country in relation to the rest of Europe. The adopting of many European law journals should become relevant to Malta now.
It has come to the attention of law courts in Gozo that security is in dire need of an upgrade. Currently the design is that law courts in Valetta are all kitted out with upgraded scanners and x-ray machines, but since 1995 was when older equipment was circulated out and Gozo currently relies on a scanner that was bought during that time. Seventeen years is more than enough reason to seek an upgrade. The reason for security may not be due to Malta tax cases being heard in the law courts but serious security concerns are more necessary for volatile cases involving more vigorous suspects.
As society evolves so too should the laws that govern society; one shining example of this is Malta law and it’s government. There are many barriers that often challenge lawmakers from moving forward with law in that the natural progression or evolution of society happens as a precedent to law needing to change but unfortunately there exists a push and pull for both sides. While many stand on the side of pushing law forward with society there are others who will try to keep the law as is because it’s felt that they are protecting the law. Both sides are valid but it’s clear that Malta law, be it company or tax, strives to be a leader in the EU and the world.
It has been one year since Malta law was amended and a non-binding referendum was held with the outcome being that divorce in Malta would be legalised.
Malta, a predominantly Catholic state was well known throughout Europe and the World as the only country in the EU whose law did not accommodate for divorce and only the second in the world (apart from the Philippines) who forbade the practice. The country has since shaken off that title and favourable Malta tax laws and beautiful scenery may just have become Malta’s standout characteristics since then.
Turkey’s move to become a full-member of the EU has received unconditional support from Malta law and political segments. Meeting all the requirements of the EU, the island coast has noted that there is no reason why Turkey’s application shouldn’t be accepted. Aside from Malta’s business links to the Turkish state, Maltese Deputy Prime Minister and Minister of Foreign Reforms Tonio Borg has stated that Turkey’s latest reforms and changes should ultimately determine whether their accession into the EU is successful.
Borg has been in communication with Chief Negotiator of EU Affairs in Turkey, Egemen Bagis. The two have specifically been talking about ways in which Malta and Turkey can further increase their trade and investment relationship despite ongoing Visa issues. Previously being able to enter Malta without a Visa, Turkish citizens are now unable to do so as a result of Malta’s EU membership.
Malta shop owners have come head to head with the Malta Chamber of Commerce, Industry and Enterprise over the issue of shops closing over public holidays. According to the Malta Chamber it is against concession for Malta shops to open on February 10th over the feast of St. Pauls Shipwreck, as well as all other public holidays and Sundays. On the other hand, owners of small convenience store to boutique shops say that the Chamber has no right to speak on their behalf as they primarily deal with importers and 8am to 5pm outlets, and that restrictions work against free trade.
Malta shop owners argue that responsible traders should be allowed to make the choice on whether to trade on public holidays and Sundays or not. Furthermore, restrictions are based on old traditions that are no longer relevant in today’s retail environment, especially when e-commerce and online Malta shopping is considered. Currently Malta shops can open on public holidays for a substantial fee of $700. According to a Malta lawyers, although this may seem liberal and fair, it is discriminatory against small businesses and only really benefits large Malta shopping malls.
Foreign Exchange for The Month of June
Rapid Increase
The Sky’s Not the Limit
Stock market players could be turning to Google suggest for