The Malta Stock Exchange houses both the Admission to listing
and trading operations that are synonymous with normal exchange
business, as well as the Depository services that comprise the
clearing and settlement duties, the full range of register
administration services as well as custodial services.
During the last year, a number of unlisted companies have chosen
the MSE's depository to administer their shareholders'
register, which is operated in a dematerialized environment, and
make the best use of the Depository's relationship with
Clearstream. This registry service is very cost effective since it
offers the organisation a seamless process of handling of all
administration, management and notarial functions that go hand in
hand with the service, as well as international access to the
depository's platform through the Clearstream custodial
relationship. The Company seeking such a service may be registered
in Malta, or may be completely independent of the Maltese domicile,
being incorporated elsewhere and having non Maltese shareholders.
Of course, the due diligence process in respect of the shareholders
and directors of the company would need to be carried out, however
in circumstances where the applicant is already a financial
services licenced entity, this may not be required.
It is interesting to note that whilst this service remains of
prime interest to organisations that are listed and traded on the
Malta Stock Exchange, the service is also being availed of by an
increasing number of unlisted organisations that clearly recognize
its cost effective and efficient operation. The Malta Stock
Exchange is a relatively young Exchange which is a significant
member of the Maltese financial services sector but which, through
its Clearstream custodial relationship and the use of the Xetra
trading platform, is carving out a niche of specialised services
available to international organisations.
Malta Stock Exchange
Valletta VLT 1063
On 25 October 2013 the States of Jersey introduced never before seen statutory provisions which seek to clarify, as a matter
of Jersey law, the existence and nature of the Hastings-Bass principle and the doctrine which allows the partial or complete set-aside of dispositions of property into trust and the exercise of trust powers which are made under a 'mistake'.
A Shareholder's Agreement is distinct from the company's constitution. Without a Shareholder's Agreement, the Company would be controlled solely and exclusively by the exercise of shareholding or directorship rights, through its constitution, and the Cyprus Companies Laws, which are generally insufficient, to protect the rights and interests of minority shareholders.
Confidentiality of corporate documents and information is one of
the key attractions of incorporating a company in the BVI. A
company search of the BVI Registrar of Corporate Affairs will only
disclose certain information and documents.
The new Contracts (Rights of Third Parties) Law was enacted on 21 May 2014 and is now in full force and effect in the Cayman Islands.
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