Over the course of Q1 2016, Be. Legal Advocates has proudly participated in various local and international specialised initiatives and events focused on corporate law and financial services regulation.
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In February, the firm was represented in Paris at the ‘4th IBA European Corporate and Private M&A Conference’ organised by the International Bar Association. The IBA event is renowned as one of Europe’s most prestigious conferences specific to Mergers and Acquisitions (M&A) and brought together several key players on the global M&A scene including European and international lawyers, specialised in-house counsel, investment bankers, accountants, regulators and specialist consultants.
The firm was also represented, for the second consecutive year, at the ‘Intax Expo – Middle East’ conference and exhibition held in March in the heart of Dubai’s financial centre. The Intax Expo is one of the industry’s major calendar-events for practitioners active in the spheres of financial services, corporate finance, estate planning and international tax structuring.
Such events provide us with an important platform to discuss, share ideas and network with key industry players active in the firm’s core practice areas and also serve as strategic fora for us to promote Malta as an international financial centre of repute and as a jurisdiction which remains resolute to foster growth and development through regulatory innovation.
Indeed, a contribution by our Managing Partner, Dr Richard Bernard, to the Malta 2016 special report published by the prestigious HFMweek focused precisely on this regulatory innovation that underpins Malta’s role as a European hedge fund domicile of choice. This article, entitled ‘Malta: Innovating the Hedge Fund Industry’ is included in this issue of our newsletter.
On a similar note, the theme for Finance Malta’s 9th Annual Conference (which is scheduled to take place over the 25th and 26th May 2016 at the Hilton Malta) is ‘Sustaining Growth through Innovation’. It is understood that the event will feature top speakers from, inter alia, the European Investment Bank, the European Commission and the European Central Bank.
As most of you will be aware, the importance of Malta’s financial services sector to its economy is evidenced in the growth of industry which has resulted in the establishment of some 600 investment funds with a combined net asset value of circa €10 billion. A staggering 98% of all foreign direct investment stems from financial services and Malta has retained its status as one of the most advanced global economies, ranked amongst the top twenty financial services jurisdictions worldwide by World Economic Forum.
In conclusion, this issue contains articles dealing with regulatory innovation in the hedge fund industry, the recent increased interest in Malta’s EMI offering, the various residence programmes available under Maltese law and the RICC regime. We have also included select news updates which we trust will serve as a convenient snapshot of the state of play in Malta over the past few months.