Tag: Andrew J Zammit

Malta’s Gaming Authority splashing taxpayers’ monies on selected advocates

MGA Mark Lagarde - August 11, 2022

Fintelegram can reveal that the Malta Gaming Authority (MGA) has been using the services of outsourced lawyers rather than its in-house lawyers to defend itself against license holders and selected persons. One of the law firms that is raking in tens of thousands of euros is GVZH Advocates. It is not known how they were selected. Fintelegram is publishing proof that this law firm has been enjoying a hefty retainer for years. The published invoice is addressed to MGA CEO Carl Brincat.

Malta’s Calamatta Cuschieri Ordered By Courts To Compensate Client Due To Negligence!

Court Cases Ben - July 2, 2022

A few months ago, the Maltese Arbiter for Financial Services ruled that Calamatta Cuschieri Investments Services Limited is guilty of not meeting the relevant obligations. The detailed decision describes how an investor lost more than €100,000 through investments that were suggested to him by Malta's Calamatta Cushieri Investments Services. The company appealed the fine, but on 1st July 2022, the Maltese Courts, through Judge Lawrence Mintoff, confirmed the Arbiter's decision.

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