FinTech Legal
FinTech Guide 2024 : Malta
Band 1
About
Provided by GTG Advocates
The Department is mostly known for its work on the drafting of the Maltese legislation on Virtual Currencies and Blockchain, having been instrumental in the drafting of the Virtual Financial Assets Act (Cap 590 of the Laws of Malta), the Malta Digital Innovation Authority Act (Cap 591 of the Laws of Malta) and the Innovative Technology Arrangements and Services Act (Cap 592 of the Laws of Malta), as well as the various Rulebooks, Guidelines and Subsidiary Legislation issued thereunder. The firm is in fact counsel on Fintech to the Government of Malta as well as both Fintech relevant authorities in Malta, namely, the Malta Financial Services Authority (MFSA) and the Malta Digital Innovation Authority (MDIA). Other work for which the firm is known for includes its expertise on Virtual Currency Services licensing, Initial Coin Offerings (ICOs), Security Token Offerings (STOs) and expert advisory services in the Fintech sphere, especially on technology, intellectual property and data protection law. The firm’s expert knowledge and standing in the area led the firm to be also appointed as advisor and VFA Agent to Virtual Currency Exchanges. |
Chambers Review
GTG Advocates has significant expertise in blockchain and virtual currency. The firm often advises the Maltese regulators and often collaborates on the drafting of regulatory instruments such as the Virtual Financial Assets Act and the Malta Digital Innovation Authority Act. GTG also has expertise in data protection and intellectual property work.
Work Highlights
- GTG Advocates advised the Malta Digital Innovation Authority on the implementation of the EU Markets in Crypto-Assets Directive.
Strengths
Provided by Chambers
"GTG were very knowledgeable on the specific topic and they were very helpful during the whole process."
"In our opinion, GTG have a sound understanding of legal matters with reference to FinTech, especially when it comes to legislation in Malta."
"The GTG team have both the breadth on various topics and the knowledge to understand and communicate the best solution."
"GTG were very knowledgeable on the specific topic and they were very helpful during the whole process."
"In our opinion, GTG have a sound understanding of legal matters with reference to FinTech, especially when it comes to legislation in Malta."
"The GTG team have both the breadth on various topics and the knowledge to understand and communicate the best solution."
Notable Practitioners
Ian Gauci has expertise in technology, data protection and intellectual property matters. He has an excellent reputation on blockchain and virtual currency issues and was closely involved with regulatory authorities in drafting and creating new legislation.
"Dr Gauci's level of expertise in the field is, in our opinion, extremely competent."
"Ian Gauci is knowledgeable on various subjects and manages to provide clear solutions in a relatively short period."
"Ian Gauci is the main consultant we interact with, and he provides us with advice which is deep, broad and effective."
Cherise Abela Grech is part of the firm's FinTech practice and specialises in virtual currencies and distributed ledger technologies, including security token offerings and virtual currency-related matters.
"Cherise Abela Grech has a broad business-based approach to things, which I like. She always tries to find the solution that works great for day-to-day business functioning. I've nothing but good things to say about Cherise."
Ranked Individuals at
GTG Advocates
Malta
Industries
Provided by GTG Advocates
Banks
Commercial & Professional Services
EMIs
Gaming
Government Authorities
Insurance
Software & Computer Services
Stock Exchange
Technology, Hardware & Electronics
Telecommunications