Arbiter's Decisions
You can search for decisions delivered by the Arbiter for Financial Services and judgements delivered by the Court of Appeal (Civil, Inferior) for those decisions that have been appealed.
You may refine your search as wanted by the name of the financial services provider, the language of the decision, the decision year, decision date from/to, the sector, decision outcome, and whether the decision has been appealed or not. If you select by sector (e.g. 'Banking'), you may filter down your choice by selecting issue (e.g. 'Charges') and/or product (e.g. 'Cards'). Please browse the drop-down filters on the left-hand side.
The database of Arbiter's decisions is updated periodically. In accordance with the OAFS policy, complainants' names in such decisions are pseudonymised (the actual names are replaced by unrelated alphabetical references).
The remit of the Arbiter for Financial Services is to investigate and adjudicate complaints lodged by eligible complainants (individuals and micro-enterprises) against financial services providers who are licensed or authorised by the Maltese financial services regulator. When cases are referred to the Arbiter and a decision is issued, such a decision is binding on both parties.
Either party can request the Arbiter for clarification or correction to any computation, clerical, typographical, or similar errors within 15 days from the delivery of a decision. Decisions may be upheld in full, partially upheld, or rejected, and may be appealed by any of the parties.
As to the Court of Appeal (Civil, Inferior) judgements, we refer to the Court Services Agency's eCourts website (https://ecourts.gov.mt/onlineservices/) for the relevant case reference numbers and appeal judgements. Information about appealed decisions on our website is updated periodically. However, such information should always be cross-checked with the eCourts website as we make no representations or warranties of any kind, express or implied, as to its completeness, accuracy or reliability.
Please get in touch with us through our “Contact us” page if you come across any broken links or other incorrect information.Thank you.
| ASF case reference | Financial Service Provider | Outcome | Date of Arbiter's Decision | Appeal Court reference |
|---|---|---|---|---|
| ASF 281/2025 | Foris Dax MT Limited (formerly MCO Malta Dax Limited ) | Not Upheld | 30/06/2026 | Appeal Window In progress |
| ASF 122/2026 | Openpayd Financial Services Malta Limited | Not Upheld | 30/06/2026 | Not Appealed |
| ASF 282/2025 | Papaya Ltd | Not Upheld | 30/06/2026 | Appeal Window In progress |
| ASF 345/2025 | STM Malta Pension Services Limited (formerly STM Malta Trust and Company Management Limited) | Not Upheld | 30/06/2026 | Appeal Window In progress |
| ASF 318/2025 | Foris Dax MT Limited (formerly MCO Malta Dax Limited ) | Not Upheld | 30/06/2026 | Appeal Window In progress |
| ASF 240/2025 | Global Shares Execution Services Limited | Not Upheld | 30/06/2026 | Appeal Window In progress |
| ASF 280/2025 | Bank of Valletta plc | Partially Upheld by Arbiter | 30/06/2026 | Appeal Window In progress |
| ASF 259/2025 | Foris MT Limited | Not Upheld | 22/06/2026 | Appeal Window In progress |
| ASF 306/2025 | Bank of Valletta plc | Not Upheld | 22/06/2026 | Appeal Window In progress |
| ASF 038/2026 | Steadfast Insurance Partners Limited(formerly Cowen Insurance Company Limited) | Partially Upheld by Arbiter | 22/06/2026 | Appeal Window In progress |
| ASF 033/2026 | Bank of Valletta plc | Partially Upheld by Arbiter | 15/06/2026 | 119/2026 In progress |
| ASF 293/2025 | Bank of Valletta plc | Upheld by Arbiter | 15/06/2026 | 120/2026 In progress |
| ASF 132/2026 | Openpayd Financial Services Malta Limited | Not Upheld | 15/06/2026 | Not Appealed |
| ASF 119/2026 | Openpayd Financial Services Malta Limited | Not Upheld | 15/06/2026 | Not Appealed |
| ASF 350/2025 | Bank of Valletta plc | Not Upheld | 15/06/2026 | Not Appealed |
| ASF 310/2025 | Foris Dax MT Limited (formerly MCO Malta Dax Limited ) | Partially Upheld by Arbiter | 15/06/2026 | Not Appealed |
| ASF 119/2026 | Openpayd Financial Services Malta Limited | Not Upheld | 15/06/2026 | Not Appealed |
| ASF 206/2025 | Foris Dax MT Limited (formerly MCO Malta Dax Limited ) | Partially Upheld by Arbiter | 05/06/2026 | Not Appealed |
| ASF 036/2026 | Steadfast Insurance Partners Limited(formerly Cowen Insurance Company Limited) | Partially Upheld by Arbiter | 05/06/2026 | Not Appealed |
| ASF 112/2026 | Openpayd Financial Services Malta Limited | Not Upheld | 05/06/2026 | Not Appealed |