No EU toast raised with single malta: CJEU verdict spells end for 'Golden Passport' scheme

The Court of Justice of the European Union ruled against Malta's 'golden passport' scheme. The scheme allowed foreign investors to gain citizenship. The court found it violated EU laws. Malta defended its right to regulate citizenship. The court recognized Malta's competence but emphasized compliance with EU laws. The scheme commercialized EU citizenship. This breached EU rules and sincere cooperation principles.