Aspects of Maltese Company Law | A Virtual Conference

100.00 Inc VAT

Tuesday 01 & Friday 04 December 2020 | 09:00 (Europe/Malta)

Virtual Live Conference

MIA Accreditation | 6 hours Core in terms of the Accountancy Board CPE scheme.

In stock

Tuesday, 01 December 2020

9:00 | Introduction
Dr Geraldine Spiteri Lucas | MBR
9:05 | Recent Legislative Amendments
Dr Deandra Schembri | MBR

During this part the speaker will tackle recent amendments that took place during 2020 in the Companies Act and other subsidiary legislation.

10:05 | Register of Beneficial Ownership Regulations
Dr Geraldine Spiteri Lucas | MBR

This session of the conference will deal with recent amendments to company law following the transposition of the 5AMLD and other local initiatives for the enhancement of verification processes within the MBR.

11:05 | Break
11:20 | Company Service Providers – What We Are Up For?
Dr Petra Camilleri | MFSA

To provide an overview of the new CSP reform, the rationale for the changes and the extended remit of the MFSA over those CSPs which were previously exempt from licensing. The session is also aimed at providing an overview of the requirements under the new CSP reform, which will extend also to the MFSA’s expectations of the stakeholders in this regard. During this session, Ms Benson will also be providing a thorough explanation of the efforts of the MFSA in strengthening the regulatory framework applicable to CSPS, as well as the shift towards an increased focus on governance structures and compliance.

12:20 | End of First Session

Friday, 04 December 2020

9:00 | Introduction

Dr Geraldine Spiteri Lucas | MBR
09:05 | Incorporation of New Companies & Re-Domiciliation
Dr Petra Attard | MAMO TCV

This session will provide an overview of the process for the incorporation of commercial partnerships and companies with the Malta Business Registry. We will also look at the procedure for the re-domiciliation of companies to Malta as well as the transfer of seat of a Societas Europaea.

10:05 | The Implications of the Audit Report and the Liability of the Auditor
Dr Sarah Grima | Fenech & Fenech Advocates
Dr Maria DeBono | Fenech & Fenech Advocates

The culmination of the Price Club Saga in the judgment of the 9th July 2020 by the Court of Appeal, shed an important light on the potential liability of the auditors engaged by a company to audit their financial statements. In this judgment, the Court found that the auditors did not act with the care expected from them but were negligent in their duties. Such duty of care is not solely necessarily owed to the audit client itself with which the auditor has a direct relationship which is often contractual, but potentially, even the audit client’s creditors or future investors. During this session, we will delve into the companies obligation to audit their financial statements and the consequent auditor liability which may arise if the auditors do not exercise the level of care expected and required of them when auditing such financial statements, with reference to any case law on the topic.

11:05 | Break
11:20 | EU Initiatives & Future Developments
Dr Damian Cassar | MBR

The part will deal with EU initiatives in relation to company law matters, mainly Union Commission’s Digital Single Market Strategy, the interconnection of business registers and disqualification of directors.

12:20 | End of Second Session
Download Event Brochure


Dr Geraldine Spiteri Lucas is Malta Business Registry’s Chief Legal Officer and she heads the Legal and Enforcement Unit. After graduating as a lawyer from the University of Malta she read for a Masters in European and Comparative law. She started her career with a leading local law firm where she used to offer legal advice to local and international clients and also represented various clients, as litigator, before Tribunals and local Courts. She is also a member of the board of examiners for the Department of Commercial Law of the University of Malta.   She is also the company secretary of INDIS Malta Ltd.

Dr Deandra Schembri read a Doctor of Laws at the University of Malta in 2012. In 2010 she started practicing as a trainee lawyer at top leading law firms in Malta after starting working as a full time lawyer in 2012 with a law firm specializing in Company law. She specialized in the field of tax law. In 2013 she started to work as a court lawyer in the Civil and Criminal fields.

In 2014, Dr. Schembri started working at the Registry of Companies as a Desk Officer.  In 2019, Dr. Schembri was appointed Senior Manager within the Legal and Enforcement Unit at the Malta Business Registry.

Dr Schembri chaired one of the chambers of the Refugees Appeals Board between 2013 and 2017, occupied the post of a member in one of the Chambers of the Immigration Appeals Board between 2017 and 2019. Currently she sits as a member of the Independent Police Complaints Board since 2013.

Dr Petra Camilleri graduated with a Doctor of Laws from the University of Malta and also completed a Masters of Laws with specialisation in commercial and corporate law with the University of London.  She joined the Malta Financial Services Authority (“MFSA”) in 2012, forming part of the Trustees and Company Service Providers Supervision Team which is now within the remit of the Conduct Supervision function since 2015.  Apart from being involved in the regular offsite and onsite supervision of trustees and company service providers, she often contributes to legal and regulatory drafting projects relating to the frameworks applicable to such entities.

Dr Petra Attard is a senior associate in the corporate and insurance law practice group of the firm. She regularly assists clients on corporate and regulatory matters involved in the insurance industry, including advice on corporate governance matters, legal and regulatory matters, compliance matters, as well as legal assistance in the establishment and MFSA authorisation process of insurance and reinsurance undertakings and intermediaries.

Petra also regularly assists clients in all corporate and commercial matters including advice on corporate governance matters, assistance with corporate financing, M&A transactions, voluntary dissolutions and various other corporate transactional projects.

Dr Sarah Grima is an Associate within the International Practice Department at Fenech & Fenech Advocates. She graduated as a Doctor of Laws from the Faculty of Laws of the University of Malta in 2013 and her main areas of practice include company law, mergers & acquisitions, corporate finance and general corporate and commercial law. Sarah has advised clients on numerous corporate law issues, as well matters pertaining to corporate governance and regulatory compliance. Having occupied the role of company secretary on various different companies over the years, she is experienced in providing company secretarial services and general legal administrative support in respect of both regulated and non-regulated companies.

Dr Maria Debono is an Associate within the International Practice Department at Fenech & Fenech Advocates. She obtained her Bachelor of Laws (Honours) from the University of Malta in 2017 after having submitted her Research Project which dealt with the revival of companies after they have been struck off the register and its implications from a comparative lens. In 2018, she qualified as a lawyer with a Masters of Advocacy. Maria then furthered her studies in London where she read for a Master of Laws (LLM) at The London School of Economics (LSE) specialising in Corporate and Commercial Law. Maria works in the Corporate and Commercial Law Department of the firm and assists clients with a variety of commercial and corporate matters including issues related to general company law, corporate finance transactions, insolvency, liquidation and company recovery.

Dr Damian Cassar is a legal officer within the Legal and Enforcement Unit at the Malta Business Registry. He graduated with a Doctor of Laws from the University of Malta in 2017. In 2018 he was admitted to the Bar to exercise the profession of an advocate before Maltese Courts and Tribunals following more than two years of practice with one of the leading lawyers on the island. The following year, in 2019, he obtained a Professional Award in Taxation from the Malta Institute of Taxation. Currently he is reading for a Masters in Blockchain and Distributed Ledger Technologies (Law and Regulation) within the same University, focusing on aspects relating to information technology law, DLT uses and smart contracts.

Events Resources

Event resources will be sent by email after the delivery of the event.

Event Details

Day 1: 01/12/2020

Day 2: 04/12/2020

Start time: 09:00 CET

End time: 12:20 CET

Venue: Online Live Session

Phone: +356 27555560 / +356 77555560