It is a fact that with the increased mobility of persons, the reality is that instances of estates spanning multiple jurisdictions with heirs, also located in various jurisdictions, have become much more common.
Regulation (EU) No 650/2012 was adopted on the 4th July 2012 with the aim of simplifying cross-border successions and in the light of today's globalised European environment.
Camilleri Preziosi Advocates
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,
Although the smallest member of the European Union (EU), Malta is a leading European financial centre and is one of the most cost-effective onshore jurisdictions in Europe to form a company.
Chetcuti Cauchi Advocates
In 2004, the Trust and Trustees Act was implemented as the first written law regulating domestic trusts in Malta. Prior to this, however, the notion of a trust was still present in Malta.
The beneficiary can be a natural or
legal person, a trust or another foundation.
Malta, traditionally a civil law jurisdiction, has adopted the trust law into its legislation and permits therefore not only the establishment of trusts, but also accepts and recognises foreign trusts...
Fenech & Fenech Advocates
In most family owned businesses there will come a time when the owner, in many instances the parent founder, will have to sit down and plan for the future of the company in his or her absence.
Not many people ask themselves what might happen if one day they were to become mentally incapable and thus lack the capacity to enter into any form of contract.
Clement Mifsud-Bonnici was engaged as a National Rapporteur for Malta in a pan European study on the cross-border recognition of official documents relating to inheritance matters.