Scrutinisation over Bill 55 could intensify following Austrian decisions
Pressure over Bill 55 continues as EU courts have been challenged to increase scrutinisation of the impact of the bill and its protection of Maltese companies.
Central to criticism of the bill is that it lacks transparency and doesn’t align with the EU framework and law.
One of the most vocal critics was the German regulator, the GGL, which put its case forward to the European Commission in a bid to push them to re-examine the law and its effectiveness alongside domestic and EU frameworks.
Previously, the GGL has stated: “We are of the opinion that this law should not be compatible with European requirements for the recognition of decisions (Regulation (EU) 1215/2002).
“However, the final assessment of this question is not the responsibility of the GGL. We have informed the federal states of our assessment and are otherwise in contact with the relevant authorities.”
In a more recent development, the bill was brought back under the microscope as Maltese courts ruled in two separa..