The EU’s top court rules Maltese ‘golden passport’ scheme illegal

This week, the EU’s top court delivered a landmark ruling: Malta’s golden passport programme, which allowed wealthy foreigners to acquire Maltese, and therefore EU, citizenship in exchange for a cash investment, has been found illegal.

According to the Court of Justice of the European Union, the scheme amounted to “the commercialisation of EU citizenship.” has violated the Treaty on the Functioning of the EU. But what happens now to the passports Malta has already sold and which other countries are under pressure too?