Coronavirus disease 2019 (COVID-19) is an infectious disease first identified in 2019. It was first identified in Wuhan, China but has inevitably spread globally over a couple of weeks. Being a global pandemic, as declared by the World Health Organization, it is a time with lots of uncertainties and unknowns, affecting businesses and the economy in general.
Up until now, COVID-19 has had inevitable repercussions, mostly economic. There is a major burden on the government since it has to have a relief package from which to stabilize the economy. This will result in a deficit budget. Experts claim that the economy could shrink by up to half over the next year which will have extensive consequences. This will impact mostly third country nationals who reside in Malta.
The Chamber of SMEs stated that despite the €1.8 billion rescue package issued by the government, Malta will have to prepare for mass layoffs, business closures and unemployment since it is not enough to support employees. Small business will suffer due to this pandemic as there would not be enough money to pay the employees, resulting in a high rate of unemployment.
At E&S Group, we can assist businesses in applying for Financial Aid through Malta Enterprise. We will guide you through each step of your application and do our utmost to ensure that you are benefiting from any entitlements that can support your business during this pandemic. We will endeavour to keep you updated on any advancements and are available to assist you with any legal or accounting issues during this difficult time.
Dr. Deborah Vella
Deborah graduated as Doctor of Laws in 2015, admitted to the bar in 2017 and has been working with E&S Group for the past six years within the Corporate and Legal Department. Her main areas of practice are corporate and commercial law. Deborah also takes particular interest in gaming, employment, residency matters and intellectual property issues. In the professional field, she is subscribed as a member of the Malta Chambers of Advocates and the Malta Institute of Taxation where she has read the Professional Certificate of Taxation. In 2017, she took a managerial role within E&S Group heading the corporate team. Her responsibilities were managing and supervising the corporate team, as well as assisting with legal expertise and client relationships together with the Board of Directors. In the first quarter of 2019 Deborah continued to exercise her abilities and corporate expertise by heading also the Corporate Legal Team.
In light of the above, the Directors have promoted Deborah to be the Chief Business Development Manager of E&S Group. Whilst she will continue to be of support towards the corporate and legal team within the firm, her main focus will shift to being the interface with top tier clients and ensuring that such are serviced in the best possible way. Deborah will nonetheless continue to oversee and supervise all that is related to gaming, employment and IP. As the company’s CRM she will also be engaged in a business development role which involves the planning and executing of offline business development and marketing for the Group.
Deborah is fluent in English and Maltese with a proficient understanding of Italian.
Deborah specializes in corporate, commercial, restructuring, gaming, tax, IP and private client matters.
Phone:+356 2010 3020