A lawyer's report

Max Ganado writes for the British lawyer.com website about new challenges and opportunities in Malta:

The common experience of nations acceding to the EU is an avalanche of new legislation. Malta is no exception. Although preparations have been in progress for more than 10 years, at least since 1993, it was inevitable that more should have been done by 1 May 2004. Fortunately, the main legislative infrastructure was already harmonised to EU law and so the financial services industry did not have to go through great adjustments. Of the 14 acts of parliament passed in 2004, only two were enacted to comply with EU requirements.