Malta recently transposed into law the EU Directive on Consumer Rights by means of the new Consumer Rights Regulations. In line with the EU directive, the new regulations cover all contracts concluded between consumers and traders. Administrative fines of not less than €500 and not more than €47,000 may be imposed on anyone that fails to comply with the regulations.
The will of the majority or the majority rule is an established general principle of company law that ensures that any decisions taken by the company conform to the will of the majority of the shareholders; the same shareholders who share a common (financial) incentive to see that the company thrives. Though a seemingly obvious and well-adjusted rule, it does have its flaws and is not immune to abuse.