• https://doi.org/10.1093/oso/9780199532803.003.0026Copy DOI Icon

Malta

  • Oct 30, 2008
  • Andrë Zerafa
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Abstract

Abstract As a result of common recognition and judicial adoption, all public law is based on English law. Lacunae are addressed by reference to English law. The same happens in cases of private international law where the English common law is directly applied as the law of Malta unless otherwise prescribed by law or judicial dicta. All laws and other official communications are issued in English and Maltese, whereas most commercial and banking documents are drawn in English. Commercial law is heavily influenced by English law. The foundations of the Maltese Companies Act 1995 lie in the British Companies Act 1985 and the Insolvency Act 1986. On the other hand, the Maltese financial services legislation package (consisting of fourteen Acts including the Investment Services Act (Chapter 370), Banking Act (Chapter 371), Prevention of Money Laundering Act (Chapter 373), Insurance Business Act (Chapter 403), is consistent with European Union (EU) directives. During its accession negotiations with the EU, Malta screened its laws together with the European Commission and reviewed them in line with European law. Following Malta’s accession to the EU, directives and regulations issued by the relative European institutions find concrete application within the local legal system.

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