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The removal of barriers to trade, the free movement of capital and people and the emergence of new technology has allowed people in the EU and around the world to better their circumstances, but lack of regulation has created loopholes in the system.
The Employment and Industrial Relations Act (EIRA) was enacted in 2002 by the Maltese Parliament to consolidate and build on earlier laws, rolling them into one and subsequently bringing the Act into line with the EQ Aqcuis Communitaire.
A director is empowered by law to oversee all aspects of the day-to-day running of the company and to exercise all powers that do not specifically require a shareholders' resolution at a general meeting in accordance with the articles of association or the Companies Act.
Remote gaming is a cornerstone of the Maltese economy – representing 12 percent of Gross Domestic Product - and Malta has consistently been on the front foot with applying legislation to help foster the industry and attract big companies to do business on the island.