Camilleri Preziosi commands an outstanding reputation amongst clients and peers as a leading Maltese corporate law firm.

We are regularly ranked as a top-tier firm by Chambers, IFLR1000 and Legal 500.

We retain a strong commitment to deliver a quality service in the practice of law. We do this by combining technical excellence with a solution-driven approach. 

The close relationships we develop and the keen interest we take in our clients’ businesses enable us to give practical, effective advice and innovative solutions under the most challenging situations.

 

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LANGUAGES SPOKEN

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Non-Compete clauses and Shopping Centres

The Latvian Supreme Court has recently asked the European Court of Justice on guidance with respect to exclusivity clauses for anchor tenants in retail leases.

Gaming Update

The Lotteries and Gaming Authority has recently undergone a corporate rebranding exercise.

Lending’s new horizons

The press recently reported (extensively) Jamie Dimon’s - CEO of JPM Morgan Chase - warning to shareholders that tech based start ups are targeting the working methods and hegemony of the traditional banking model.
Dr Louis De Gabriele
Dr Louis De Gabriele
Partner
 

Henri Mizzi
Henri Mizzi
Partner
 

Malcolm Falzon
Malcolm Falzon
Partner
 

Ron Galea Cavallazzi
Ron Galea Cavallazzi
Partner
 

Donald Vella
Donald Vella
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Marisa Vella
Marisa Vella
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Dr Louis De Gabriele

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Company Information

KEY EXECUTIVES
Henri Mizzi
Partner
Malcolm Falzon
Partner
Ron Galea Cavallazzi
Partner
Donald Vella
Partner
Marisa Vella
Partner

DATE FOUNDED
1960s
NUMBER OF EMPLOYEES
21-35
COMPANY TYPE
Partnership
LANGUAGES SPOKEN
English, French, Italian, Maltese

We advise on the structuring, formation and regulation of investment funds, ranging from UCITS funds to alternative investment funds.

We also advise on corporate-related matters, including the raising of capital, restructurings, acquisitions and disposals of investments by investment funds. 

Additionally, our expertise covers the establishment and regulation of asset management companies in Malta and we regularly advise on the corporate and taxation affairs of investment management companies. 

Aircraft registration has grown in Malta in recent years, owing in particular to the enactment of the Aircraft Registration Act in 2010, considered to provide a robust legislative framework transposing the Cape Town Convention and the Aircraft Protocol. The procedure for the registration of aircraft in Malta is considered to be expeditious and efficient, and the costs associated with company formation and aircraft registration are considered to be relatively low.

We have provided legal advice relating to the financing of aircraft, working closely with foreign and local advisors on a number of projects involving aircraft finance. Additionally, we provide advice relating to lease structures and associated regulatory, corporate, tax planning and other fiscal matters relating to aviation and aircraft registration in Malta.

We are counsel to the Malta International Airport (Malta’s only airport), a long-standing client of the firm.  This relationship has enabled the firm to acquire sector-specific experience in a field which is limited to a small number of players on the Islands.

Aircraft registration

  • advising and assisting clients with the regulatory aspect and the practical aspects of the registration of aircraft in Malta;
  • providing corporate advice as to the structure to be adopted for the registration of aircraft (e.g. lease structure).

Collateral and enforcement

  • advising clients in relation to security on aircraft and aircraft owners available to financiers;
  • assisting and advising clients in connection with the enforcement of security interests on aircraft and aircraft-owners;
  • representing clients in all tribunals and courts in Malta in relation to the disputes relating to the enforcement of security, including arrests of aircraft, judicial sales by auction and court approved private sales.

Regulatory and associated advice

  • advising aircraft operators on regulatory aspect of aircraft registration and operation;
  • providing advice on fiscal matters relating to aircraft registration.

We have a long-standing banking practice that advises a prestigious portfolio of credit and financial institutions on transactional, regulatory and compliance matters.

Our experience in acting for arranging banks and lenders as well as credit intermediaries and borrowers across an extensive range of industrial and commercial sectors, enables us to address the requirements of all parties to a transaction.

The firm acts on the most challenging banking and restructuring transactions both of a pure domestic nature as well as advising international banks in connection with transactions involving Maltese corporates. In these cross-border financing deals, our lawyers work in teams capable of providing innovative and pragmatic advice sustained by the transactional expertise of our lawyers.

We have established ourselves as the leading capital markets practice in Malta, regarded by clients and industry practitioners as the first in the Maltese market for advising on innovative instruments. We apply our knowledge of the market, our experience in a wide range of issues and our understanding of regulatory frameworks to assist clients in raising and managing their corporate finance demands effectively when resorting to the capital market. Our clients include issuers, underwriters and managers, trustees, and institutional investors.

Ever since we assisted in the first equity listing in Malta, we have handled more offerings and issues on the local market than all the other firms combined. Whilst most of the transactions we advise on involve offerings on the Malta Stock Exchange, we also act for corporates that have instruments listed and traded on overseas stock exchanges and corporate groups in relation to international offerings made by their Malta-based entities or special-purpose vehicles connected thereto.

Our experience in raising capital includes advising on:

  • bond issues - from vanilla-type to highly structured products;
  • initial public offerings;
  • rights issues;
  • convertible and exchangeable securities;
  • placings.

In most instances we advise our clients on compliance requirements and corporate governance demands on an on-going basis. 

The firm takes an active role in the development of the regulatory and legislative framework in conjunction with industry participants and regulatory bodies. We are also actively involved in the Capital Markets practice group set up by the Institute of Financial Services Practitioners.

Our Capital Markets team can rely on the firm’s strong banking, corporate, finance and financial regulation practices to provide seamless and comprehensive advice for our clients.

Debt markets

Our broad-based commercial practice, our first mover advantage and our expertise in the local capital markets characterises the firm’s market leadership in this sector.  We have acted for issuers of debt instruments traded on the Malta Stock Exchange’s primary list in respect over of 60 per cent of all listed debt issues.

Our depth of knowledge and experience allows us to handle the most complex of transactions, which together with our lawyers’ commercial exposure, accessibility, transaction management and negotiation skills, allow us to take deals to the market on time and within budget.

Our experience in the local markets and our overall understanding of the issues involved in capital market transactions also enables us to integrate comfortably with international firms in cross border transactions to advise clients on those debt issuance programmes that have a Maltese dimension.

Equity markets

We have considerable experience advising on initial public offerings, rights issues, issues of convertible and exchangeable securities, placings, equity-derivatives, hedging and stabilisation of equity and equity-related products.

Even in the equity capital markets we retain our market leadership. We have advised over 50 per cent of all equity issues traded on the primary market of the Malta Stock Exchange.  Many of the transactions we have advised on in this field involve the offering and listing of securities in Malta, although we have also advised locally established issuers on the listing of their equity securities in other jurisdictions, in conjunction with international counsel. Our significant expertise in the market enables us to advise our clients on the increasingly complex financial law and regulation.  In most instances we advise our clients on an on-going basis on matters of compliance and corporate governance, both pre- and post-listing, including in particular where our lawyers act as company secretary for the listed entity. 

Competition law is one of the fastest-growing areas in Maltese law. With moves to apply further competitive pressure, industries and businesses have become more sensitive to their obligations and compliance with the requirements of Competition law. These obligations add to the responsibilities of running a business successfully. The firm’s high profile, quality work in this field has elevated Camilleri Preziosi to tier one of competition practitioners in Malta.

Having an in-depth knowledge of the application of competition rules, and focusing on understanding your business environment and strategy, we can help you to comply with Competition law obligations in an effective competition policy, both on a project-based basis and on an on-going basis.  We offer a range of services in this field including competition law enforcement and litigation, assistance in connection with investigations by competition authorities, competition litigation and merger filings.

Merger control

No deal is complete if it is subject to a filing obligation which is either forgotten or omitted. That deal may, therefore, have to be undone - a costly, complex and time-consuming exercise. We are regularly involved in merger filings for both local and international clients with a strong track record of cleared transactions. The applicability of merger control obligations is not always clear, but Camilleri Preziosi can help you identify any potential obligations and take you through the filing process to obtain clearance on the deal.

State aid

State aid law is aimed at ensuring a level playing field between competitors and has been given increasing importance and enforcement. As a result, companies are being increasingly affected by these rules in their day-to-day business dealings. Camilleri Preziosi has advised both private companies and the State to help avoid the risk and consequences of State aid when engaging in transactions.

We service a wide range of local and international clients in every sector and advise them on a broad variety of corporate and commercial matters. 

Commitment, reputation, business-orientated and innovative approaches; these are the drivers that have built Camilleri Preziosi into a leading firm in the area in an area that has proven to be the platform for the firm’s development in a number of other related areas, not least of which is M&A. Here, we have constantly ranked as a leading firm. Another related area is Capital Markets where we have acted as legal adviser for more companies having securities listed on the Malta Stock Exchange than all other local firms. The third related area of specialisation in the corporate and commercial realm is privatisations for which we have been engaged as legal advisors, both by the Government of Malta as well as private investors, on more occasions than any other local firm.

Our approach to this part of our practice is reflected in the way that our lawyers deal not only with their specialised areas of practice but also with the day-to-day requirements of our clients. We are constantly engaged in advising clients on all aspects of general commercial and civil law as well as assisting them in the negotiation of contracts from the standard to the most complex. These contracts include transactions such as the sale and purchase of movables, immovables or businesses as going concerns, long- or short-term leases, or the granting of security over movable and immovable property, as well as claims in tort.

The depth of our experience enables us to offer advice on the most complex domestic and international commercial transactions. On international commercial transactions we work closely with leading international counsel.

Commercial contracts

 

Our long-standing exposure to the commercial community and our experience in providing general commercial advice to corporates and the business community generally has enabled us to develop an understanding of and sensitivity for the needs of our clients and their commercial entities. These arequalities which remain a hallmark of our practice. Our commitment goes beyond the provision of strict legal advice. We provide pragmatic and strategic legal advice that adds value to our clients’ business.  We develop our lawyers to understand the needs and demands of our clients and to evaluate the risks associated with a transaction. In so doing, we provide customized solutions, aligned to the strategic business needs of our clients within the context of their day-to-day operations.

We advise our clients on a broad range of commercial agreements in a range of industry and commercial sectors.  We act on transactions featuring levels of sensitivity, complexity and novelty that warrant the delivery of carefully crafted documentation to meet the particular needs of the transaction and the client. 

Corporate governance & risk management

 

Ever since the first corporate governance rules were promoted by the Malta Stock Exchange in 1992, we have been actively involved in the creation and development of best practices in corporate governance in Malta.  We assist our clients, both listed and unlisted, in keeping up-to-date with corporate governance procedures and developments. We frequently advise on the development of corporate governance regimes, investor protection committee guidelines, Listing Rules, Disclosure and Transparency Rules and Corporate Governance Code compliance.

Our work includes on-going advice to listed companies relating to compliance with the Listing Rules generally as well as the code of good corporate governance under the Listing Rules, the setting-up of and formulating procedures for audit committees and other committees set up by the board of directors as required in terms of the Listing Rules. We also assist clients with development programmes for non-executive directors, directors’ remuneration policies and board structures.  Our experience in this area has also developed in advising unlisted clients in developing programmes and structures for corporate governance, particularly within family companies in their third and fourth generation.

Insolvency & corporate recovery

 

Our corporate practice involves not only acting for several banks and other creditors facing the impending or actual insolvency of debtors, but also acting for companies in financial difficulties that are looking to put their business back on track. This exercise can typically involve a restructuring or refinancing plan, or a group reorganisation. We have a comprehensive understanding of the differing standpoints and interests that arise as a result of these issues and we are able to fully advise all parties involved, including the company itself and company directors.

We have also advised and acted for administrators and liquidators appointed for the purpose of conducting the liquidation process of a company approaching - or in a state of - insolvency. Following the collapse of a major Maltese supermarket chain, we were engaged as counsel for the liquidator in what have been noted as the most important and high-profile insolvency proceedings ever brought before the Maltese Courts (the Price Club creditors case).

Our CP Corporate Support team provides business solutions ranging from company formation, corporate and banking support to trust, foundation and other fiduciary services.

CP Corporate Support is designed to provide clients with specific corporate support and compliance solutions. This team is headed by lawyers and consists of professionals contributing their experience and expertise to meet the ever-changing demands of our clients.

Our Corporate Support team delivers practical cost-effective solutions at the highest standard in the industry. We aim to provide our clients with a service they can trust to allow them to maintain their focus on their core business areas. In conducting our business, we apply the same ethics, standards and integrity as the law firm itself. The firm, in its turn, provides full support its corporate services activities.

The services we offer include:

  • company and partnership formation;
  • company support services including:
    • company secretarial services
    • bank support
    • provision of a registered office
    • fiscal compliance
  • branch formation;
  • trust set-up;
  • registration and set-up of foundations.

Trustee and other fiduciary services are offered through Equinox International Limited which is authorised by the Malta Financial Services Authority to provide services in terms of the Trusts and Trustees Act (Cap331 of the Laws of Malta).

Dispute resolution

We handle a range of commercial and corporate disputes, domestic and international arbitrations, a variety of administrative law matters together with shipping, banking, tax, employment, insurance and competition-related proceedings.

At Camilleri Preziosi, we firmly believe that our clients’ interests are best served when differences and disputes are settled out of court. However, when resorting to the courts becomes inevitable, we provide assistance and representation through those lawyers who have built up considerable experience and expertise in every area of litigation.

When dispute resolution is required, we ensure that it is conducted in a manner that is highly sensitive to the client’ s needs, especially when it is important to have his or her dispute determined swiftly and effectively, irrespective of its uniqueness or complexity.

Litigation

 

The main areas of litigation appear in disputes and proceedings that occur in the fields of commercial, corporate, administrative, shipping, banking, tax, employment, competition and insurance.

Arbitration

 

Since the introduction of the Arbitration Act in 1996, we have advised and represented clients both in local and international arbitral proceedings conducted under the rules of the Arbitration Act (Cap. 387 of the Laws of Malta), the UNCITRAL, ICC or LCIA rules. We regularly advise on arbitration provisions as well as their implications and validity. Besides advising clients in arbitration proceedings, partners Henri Mizzi and Marisa Azzopardi are frequently appointed arbitrators.

Mediation

 

We have gained considerable experience in mediation proceedings; an innovative and relatively recent form of dispute resolution whereby an independent and impartial person intervenes in a dispute which could give rise to proceedings, or, in proceedings between the parties which have already been instituted. Such intervention is made with a view to guide the parties towards a settlement.

Banking litigation

 

Our banking litigation practice covers investor claims for damages, letter of credit disputes and general debt recovery proceedings. We act for one of the major banks in Malta, Bank of Valletta p.l.c. We advise a number of other banks including Bawag Malta Bank p.l.c and Mediterranean Bank p.l.c. We also handle a number of litigation matters for HSBC Bank Malta p.l.c.

Insolvency litigation

 

This area has developed and grown considerably over the years. Henri Mizzi successfully acted as counsel in the first wrongful and fraudulent trading applications to be filed in Malta in the context of an insolvent company. We have also advised and acted both for insolvent companies and for shareholders and creditors, assisting them in proceeding with their claims for insolvency. In fact, we have acted in one of the first company recovery proceedings to be held in Malta.

Insurance and re-insurance litigation

 

We have advised and acted over a broad range of insurance and re-insurance claims. We have acted in litigation for and between insurers, the insured as well as for brokers and insurance agents in court and in confidential arbitration proceedings. In the context of precautionary security we have provided a unique kind of alternative security using an innovative approach that is a first of its kind in Malta. We also regularly act for insured where coverage is denied.

It is important for employers to understand their obligations toward their employees. It is important, too, for an employee to be aware of his or her rights. We have been assisting employers and employees in managing risk and providing strategic advice on critical decisions as well as day-to-day support on human resources issues. We advise on a number of employment matters including the drafting of employment contracts, conditions of employment, industrial relations, drawing up policies, data protection and transfer of business. We focus on understanding our client’s needs and work to their requirements.

Pension planning has undoubtedly become as essential as the enforcement of one’s rights at the workplace. Malta has gained much prominence in the pensions industry.  The country has witnessed a steady influx of foreign pension schemes and their components relocating to Malta. Besides being an attractive retirement scheme or fund location, related parties such as scheme or fund administrators, asset managers and retirement fund custodians have looked into establishing or enhancing their presence in Malta. At Camilleri Preziosi, we assist clients with the process of obtaining the necessary license from the Malta Financial Services Authority, on-going compliance and transactional requirements as well as their related areas including investment services and the recognition of QROPS and QNUPS.

Employment disputes

 

We have a lot of experience in employment disputes including industrial relations disputes, regularly assisting clients before the Industrial Tribunal and the Court of Appeal, representing clients in proceedings relating to claims of unfair dismissal, breach of contract, discrimination, working time and health, and safety in the workplace. We assess the circumstances and advise on any benefits which may accrue as a result of choosing alternative methods of dispute resolution, including mediation.

Industrial relations

 

We have been assisting our clients in negotiations with unions and employees’ representatives for many years. We are regularly involved in the negotiations of collective agreements and trade disputes.

Occupational health and safety

 

Given that we represent some of the larger employers in Malta, we regularly advise on the obligations relating to Occupational Health and Safety. These obligations are increasing constantly to ensure workers’ safety. We have assisted clients in health and safety prosecutions, proceedings relating to accidents in the work place, formal interviews and investigations undertaken by the relevant authorities. We also assist in drafting safety policies and audits to ensure compliance with applicable legislation.

Retirement schemes & funds

 

Our Pensions team closely monitors developments in the evolving regulatory matrix concerning retirement schemes and funds, related parties and, importantly, the employers and their employees to which pension products relate. In May 2013, we presented the regulator with submissions on the consultation on regulations and pension rules to be issued under the Retirement Pensions Act, the law enacted to replace the Special Funds (Regulation) Act of 2002.

We have collaborated with a number of international firms seeking to establish an applicable regulatory position in Malta. Multinational pension providers have been assisted in similar engagements. In this area, we provide the following assistance:

  • advisory services as to the structure of the proposed scheme/fund;
  • assistance throughout the licensing process, including setting up of the chosen structure, drafting of pension scheme documentation, completion of application documents and the all-important liaison with the regulator in the process of determining  the precise regulatory requirements applicable to a particular application, depending on the selected structure and applicable circumstances;
  • guidance on post-licensing compliance and governance requirements;
  • support and advisory services for compliance with applicable license conditions and legislation by the licensee;
  • drafting of documentation relevant to the scheme or fund, including trust deeds and trustee agreements, and service contracts for the various parties involved;
  • dispute resolution on claims relating to the scheme, fund or related party;
  • passporting possibilities.

Our highly versatile team has broad experience in finance. We work on a wide range of financing initiatives from the simplest financing transaction to the most complex. In doing so, we retain the highest quality of legal advice across the board.

We act for and support many leading Maltese clients, and advises a number of international corporates with a Maltese presence. This makes us the adviser of choice to corporate borrowers and issuers.

We are often involved in structured finance and securitisation transactions. Typically, where major corporates use Malta-based entities as part of an international structure, they seek to engage a Maltese firm to handle all local legal aspects and to contribute to the client's team. Our involvement in these transactions has included conducting due diligence exercises, assisting in planning and structuring transactions, reviewing disclosure documents, drafting and preparation of transaction documents and rendering of legal opinions on Maltese law with reference to transaction structures and documentation.

Our financing expertise includes advising on:

  • acquisition finance;
  • derivatives, including interest rate, currency, credit, equity, commodity, insurance and other swaps and options, repos and stock lending;
  • leasing and asset finance for aircraft, ships and other capital assets;
  • loan finance;
  • project finance;
  • securitisation and structured finance;
  • debt capital markets.

Camilleri Preziosi has extensive experience in the financial services industry. We regularly advise on the structuring, formation and regulation of investment services businesses ranging from managers, brokers, advisors, fund custodians as well as other types of investment firms. We bring together not only our expertise within this regulatory framework but also our expertise in related areas such as corporate, taxation, M&A, employment, financial markets and litigation.

Since Malta’s EU accession, the gaming and betting sector has attracted a large number of multinational gaming companies wishing to reorganise their corporate structures in order to establish a base in Malta. Alternatively, some igaming companies incorporate subsidiaries in Malta for the purpose of applying for online gaming licenses issued by the Malta Lotteries and Gaming Authority.

For the incorporation of igaming subsidiaries, we offer bespoke assistance which ranges from the incorporation of the local company through to the license application process and, thereafter, in compliance and regulatory matters. From an operational perspective, this is complemented by our corporate, employment and advisory support services that are offered subsequent to authorisation. In fact, we are currently involved in a number of cross-border disputes based on the provision of gaming services by operators licensed in Malta.

In landbased gaming, our keynote assignment was to redraft local legislation to regulate manufacturers and operators of gaming devices and amusement machines. This work resulted in the publication of the 2011 regulations. We act for a number of local operators in the land-based gaming sector. We also advise clients operating in other sectors on initiatives requiring Lotteries and Gaming Authority clearance.

Camilleri Preziosi’s iGaming and Landbased Gaming practice group provides:

  • assistance in our advisory the choice of remote gaming license type and the application for a remote gaming license;
  • an all-encompassing range of advice and assistance throughout the application process, including the incorporation of the company, liaison with the Lotteries and Gaming Authority, assistance in drawing up the company’s business plan, and other related services;
  • assistance with compliance requirements on an on-going basis following authorisation. Where necessary, we provide assistance with the help of qualified service providers who are competent in IT infrastructure and compliance audit processes;
  • advice on drafting a wide array of documentation, such as service provider and platform agreements, IP license agreements, employment and key official contracts, non-disclosure and confidentiality agreements, and software licenses and maintenance agreements, amongst others;
  • assistance in litigation and dispute resolution on gaming-related issues.

Camilleri Preziosi has advised on a range of matters - including financing and regulatory advice - relating to infrastructural projects, energy and natural resources. We have been involved in infrastructural projects relating to airport installations and other developments, energy projects and renewables, advising both the private sector and local authorities. We have developed an understanding of specialised industry sectors such as aviation and energy, giving us an appreciation of the practical and commercial dynamics which are so important to our clients.

EPC contracts

 

Recently we have advised the local energy utility on the major projects it has undertaken. These range from the procurement of a power plant to a submarine interconnector. Our experience covers a range of construction projects including more commercial developments.

Renewable energy

We have been involved in the largest concession for the operation of photo voltaic (PV) panels on public buildings so far, as well as some of the larger PV projects in the private sector.

The firm is counsel to Malta’s largest broking house, prominent insurance companies and a number of other players in the insurance market including insurance agencies, loss adjusters and independent insurance consultants. We advise various London-based and continental insurance companies licensed to carry out business in Malta.

The firm has amassed considerable experience in licensing and operational matters related to insurance and reinsurance, assisting clients in negotiations with the regulator for the purpose of setting up operations in Malta and, thereafter, in ensuring compliance with the regulatory framework.

In tandem with the firm’s Capital Markets team, we are well-equipped to assist in alternative and innovative means of raising capital and spreading risk, features that in recent years have risen to prominence in the insurance sector. Locally, our innovations in the field of insurance-linked securities have been a recent development. The forthcoming implementation of regulations on reinsurance special-purpose vehicles is expected to provide a platform for increased interest in the use of Maltese corporate vehicles for products such as catastrophe bonds.

There are a number of areas in which our Insurance team advises clients who have varying degrees of presence in Malta. Their presence varies between those who are providers of insurance products in the local market to multinational insurance and reinsurance groups involved in transactions or disputes with local entities. These areas are:

  • the incorporation and licensing of insurers, reinsurers, captives (affiliated insurance companies), protected cell companies, incorporated cell companies, insurance intermediaries and securitization vehicles;
  • transfer of insurance business portfolios;
  • use of the capital markets as a source of finance for insurance and reinsurance companies;
  • transactional issues;
  • mergers, buyouts and liquidations of insurance companies;
  • regulatory and compliance requirements incumbent upon insurers and insurance intermediaries;
  • drafting of insurance policies, reinsurance treaties, and related documentation;
  • local and cross-border dispute resolution on insurance and reinsurance related matters, appearing both for and (in representation of local insureds) against, insurance and reinsurance companies;
  • commercial disputes arising from the sale and purchase of insurance businesses;
  • the restructuring, reorganisation or insolvency of local insurance companies.

We offer professional consultancy on copyrights, designs, patents and trademarks. The firm has assisted multinational companies with respect to settlement negotiations and litigation related to infringement of Intellectual Property rights as well as the assignment and licensing of such rights in the transfer of businesses. Camilleri Preziosi’s services in this field include the registration and maintenance of Intellectual Property rights, both locally and internationally. The firm’s experience extends to advising on franchises and assisting in anti-counterfeiting measures in respect of counterfeit goods in transit.

Camilleri Preziosi has become synonymous with major M&A transactions with a Maltese law dimension.  We are involved in M&A transactions of varying sizes, whether they are purely Malta based or of an international origin. 

These involve:

  • private acquisitions and disposals;
  • private equity;
  • public takeovers.

Our M&A team has been involved in multi-national corporate re-structuring assignments and acquisitions of businesses spread over a number of jurisdictions through Maltese holding companies. Our experience in this area, combined with our extensive exposure to international transactions and our expertise in capital markets, employment, competition, finance, taxation and other relevant related areas, place us in a unique position to deliver comprehensive advice and services to Maltese and overseas clients relative to all aspects of M&A. We advise buyers, sellers and financial advisers on both public and private mergers and acquisitions, and private equity buyers on private equity financed deals.

We are a leader in advising clients on public procurement in both the classic and utilities directives. We regularly advise public bodies which require guidance to ensure compliance with applicable legislation in their procurement processes. We also regularly assist private sector clients during a tendering process as well as in the remedies available in case of breach of public procurement regulations.

At Camilleri Preziosi, we provide specialist support to clients both in the procurement stage and also in the construction phase of their projects. We are involved in all sectors of the real estate and construction industry including infrastructure, gas and energy sector. We are also involved in developing new contracting concepts and strategies to meet the changing needs of our clients. In addition, we provide constant support to our clients in order to ensure that they comply with all the environmental requirements at law.

On a more personal level, we also advise clients on individual acquisitions and sales of immovable property, on permits which may be required for foreigners to acquire property in Malta, on acquisitions in general and on the tax advantages available to the residents of high net worth individuals under a tax residence scheme.

Our work includes:

  • the acquisition and disposal of all types of interest in real estate;
  • every aspect of development and planning, construction and taxation issues;
  • the whole range of landlord and tenant matters;
  • in conjunction with our Finance team real estate finance, advising owners, lenders, borrowers, investors, and others on all aspects of financing, secured lending and securitization;
  • construction contracts, ranging from major infrastructure provision to power and energy plant projects.

Commercial property development and real estate

 

Our firm’s strong commercial property practice is probably its oldest. It dates back to the setting up of the practice in the 1960s. We act for several property developers, both local and foreign, and for firms involved in project management, construction, mechanical & electrical engineering, and related trades. We also act for architecture firms, project managers and contractors.

We have considerable experience in negotiating the acquisition of property from Government for development purposes and in advising on other property-related transactions in hotel developments, commercial developments, tourist complexes and residential projects. Our considerable expertise in both property and M&A has led Camilleri Preziosi to act for local clients in the acquisition of hotels, hotel businesses and large real estate portfolios outside Malta.

Construction

 

Possibly owing to the fact that Malta is one of the most densely-populated countries in the world, construction and development have always given rise to countless disputes. We represent numerous property developers (from household owners to major property developers) in disputes in Court or arbitration or before the Environment and Planning Review Tribunal.

Environment and development planning

 

In what has become one of the most complex and disputed areas of Maltese law, we represent clients ranging from the individual homeowner to leading property developers in negotiations, compliance issues and, where necessary, dispute resolution before the Environment and Planning Review Tribunal and the Court of Appeal.

Malta’s position at the centre of the Mediterranean has historically led Malta to serve as a natural hub for the shipping industry. The Maltese ship register is currently amongst the largest ship registers in the world.

Our firm’s shipping and yachting team has a deep understanding of the maritime industry, having assisted ship (and yacht) owners, ship operators and international ship financiers with services relating to: ship and yacht registration, registration of mortgages, incorporation of shipping organizations and structuring of shipping groups, arrests and other enforcement measures, tax advice and other legal assistance.

Ship registration and ancillary services

 

  • advising and assisting clients with all regulatory aspects applicable to the registration of ships and yachts in Malta;
  • advising and assisting clients with the incorporation of shipping organisations in Malta, structuring of shipping groups and the registration of resident agents for international owners;
  • advising and assisting ship-owners with the full range of administrative matters affecting ships including port state and flag state control, crewing requirements, bareboat charter registration, armed guards requirements in the context of piracy and other administrative and technical aspects relating to Maltese ships

Ship finance

 

  • advising and assisting international financiers in syndicated, bilateral, inter-creditor and subordination arrangements and other types of secured financing;
  • advising ship-owners including negotiations of finance documentation, ship building contracts, sale and purchase of ships and charter-party contracts.

Collateral and enforcement

 

  • advising and assisting clients in relation to collateral which may be taken over ships and ship-owners;
  • advising and assisting financiers, crew members and other claimants in relation to enforcement of maritime claims, mortgages and other security, whether arising under or registered in the jurisdiction of a foreign state or Malta;
  • advising and assisting clients in proceedings in all courts of Malta in relation to disputes arising in connection with enforcement of security, including arrests of vessels, judicial sales by auction and court approved private sales;
  • assisting clients with the enforcement in foreign jurisdictions of mortgages and other security interests registered or arising in Malta. 

Recognising the impact of tax implications on almost all commercial and financial transactions, we ensure that our lawyers receive updated training in this field from top local tax advisors, particularly in the light of the frequent amendments to corporate tax law in Malta. We work closely with local and foreign tax advisors who have extensive experience in corporate tax planning on a large number of corporate and project finance transactions these being largely modelled around tax-efficient structures.

Malta's favourable tax regime, together with a flexible and wide-ranging system of double tax relief, is a significant driver for a number of international clients establishing companies in Malta. The significance of this area requires that we carry the necessary skills and resources to advise on the implications of Malta tax on a transaction. We advise clients on the various tax implications of international corporate structures for undertaking their businesses - and for making acquisitions of businesses - outside Malta as well as for general corporate restructuring.

Direct taxation - corporate

 

  • tax planning in terms of applicable exemptions deductions and benefits;
  • advice on beneficial fiscal regimes;
  • tax advice in relation to corporate restructuring and mergers and acquisitions;
  • international tax planning in terms of the implications of cross-border transactions and the available relief.

Direct taxation – individuals

 

  • tax advice relating to available exemptions and deductions;
  • international tax planning in terms of favourable tax regimes and structures;
  • residency schemes;
  • tax benefits available to shareholders.

Indirect taxation and implications of duty regimes

 

  • structuring advice in terms of the implications of Value Added Tax (VAT);
  • fiscal advice relating to stamp duty payable and other duty or tax payable under other indirect taxation regimes;
  • tax litigation;
  • providing assistance required in disputes with the Revenue;
  • representation in all tribunals and courts of Malta in relation to disputes of a fiscal nature.

Camilleri Preziosi is very active in the areas of Communications and Media and Technology, providing advice to international and local clients in these sectors.

Telecommunications

 

We act as external counsel to a major local (4P) communications operator and in this field we provide advice on competition, EU and local electronic communications law, converging products and services primarily focussed on Pay TV, broadband, fixed and mobile telephony services. What’s more, we have seamlessly led negotiations for the design, supply and commissioning of a submarine communications cable between Malta and Sicily.

Media

 

Camilleri Preziosi provides advice on commercial and legal issues surrounding the media and entertainment industry. The firm has advised clients on broadcasting regulations, censorship issues, libel and defamation, and intellectual property rights related to film, music and creative industries. Our experience in this field extends to advice on cyberspace law. This advice includes protection of intellectual property rights online, content regulation and competition law applied to cyberspace.

Data protection and freedom of information

 

The firm advises on the related, but conflicting fields of privacy, data protection and freedom of information. We have advised clients on data protection issues related to employment matters and the disclosure of personal data for directory services provided by electronic communications operators. Camilleri Preziosi has, on more than one occasion, advised clients on the disclosure of information according to the recently implemented Freedom of Information Act, Chapter 496 of the laws of Malta.

Technology

 

Camilleri Preziosi has much experience and expertise in leading negotiations and drafting contracts dealing with information technologies, such as System Supply Contracts and contracts for Outsourcing of Information Technology and related services functions, typically involving physical, real or intangible assets or staff to a service provider. We have seamlessly led negotiations for the procurement of the IT system in the public health sector.

Tourism is one of the pillars of the Maltese economy. We advise a number of clients in the tourism and leisure sectors on specific projects that include hotel acquisitions, refurbishing programmes, on-going general advice on the regulation of the tourism and leisure industry.

In the hospitality sector, our practice includes transaction handling (acquisition and sale, joint venture, development, financing and management agreement negotiations), operational matters (employment, leasing, construction and service contracts), and the restructuring or insolvency of hospitality businesses in financial distress.

We represent and conduct negotiations with banks, developers, foreign and domestic investors, franchisees and franchisors,  investment banks, management companies and property owners in compiling transaction documents including sale and purchase agreements, equity and debt financing agreements, management agreements, technical services agreements, IP transfer agreements, licensing agreements, franchise agreements and due diligence reports.

The preservation of wealth and the transfer of wealth from one generation to the next has become a common concern among an increasing number of our clients. Wealth management is more than simply devising a system of safeguarding capital. At Camilleri Preziosi, we ensure that solid solutions are in place, being in the drafting and implementation of trusts and wills or the setting up of limited liability companies and other personal wealth planning techniques. In this context, we advise the professionals concerned about personal liability and assist in the implementation of asset protection techniques.

Besides assisting on the most efficient method with which to apply for the devolution of property from one family generation to another, we also strive to ensure that such transition of capital or wealth results in increased financial and operational return for our clients.

Estate planning

 

  • determining which structure or instrument is the most efficient structure to be adopted (e.g. Trust or Foundation) for estate planning;
  • advising clients on the legal, fiscal and other implications of such a structure.

Inheritance

 

  • advising clients on the effects of any inheritance of assets;
  • providing fiscal and legal advice on the inheritance of assets;
  • wealth management;
  • formation and setting up of Trusts and Foundations.

Wealth management

 

  • assisting with the setting up of the Trusts and Foundations;
  • drafting Trust/Foundation Deed;
  • acting as Trustees or foundation administrators (by virtue of our associated entities);
  • general advice on the legal and fiscal effects of setting up a Trust or Foundation.
SERVICES
Legal Services
Asset Management & Funds
Aviation
Banking
Capital Markets
Competition and EU law
Corporate and Commercial
Corporate Support and Compliance
Dispute Resolution
Employment and Pensions
Finance
Investment Services Regulation
iGaming and landbased gaming
Infrastructure, Energy and Resources
Insurance
Intellectual Property
Mergers and Acquisitions
Public Procurement
Real Estate and Construction
Shipping and Yachting
Taxation
Telecommunications, Media and Technology
Tourism, leisure and hospitality
Estate planning, Trusts and Foundations
Dr Louis De Gabriele
Henri Mizzi
Malcolm Falzon
Ron Galea Cavallazzi
Donald Vella
Marisa Vella

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