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Legal system |
The country's laws are regulated by a written constitution that
requires a two-thirds parliamentary majority to be changed. Both
civil and criminal laws are codified, a legacy of the brief French
rule at the end of the 18th century. Nonetheless, Maltese laws
draw much of their inspiration from British Law, and British case law,
both civil and criminal, is often quoted in the Maltese law courts.
Malta's accounting standards and criteria are similarly based on the
British system. |
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Conformity with international standards |
The larger part of Maltese legislation
draws heavily from EU regulations and directives. The financial,
banking and insurance sectors are regulated according to
international norms and conventions in line with EU directives. |