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ARTICLE · 18 NOVEMBER 2022

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Banking & Fintech Newsletter – Issue No. 36

Ganado Advocates
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The Commercial Code (Amendment) Bill (bill no. 11 of 2022), the Pre-Insolvency Bill (bill no. 12 of 2022) and the Insolvency Practitioners Bill (bill no. 13 of 2022) have been published and have all reached the second reading stage.

MaltaFinance and Banking
Leonard Bonello
Leonard Bonello
Erika Gabarretta
Erika Gabarretta
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NEWS BULLETIN

Three New Insolvency Bills in the pipeline

iThe Commercial Code (Amendment) Bill (bill no. 11 of 2022), the Pre-Insolvency Bill (bill no. 12 of 2022) and the Insolvency Practitioners Bill (bill no. 13 of 2022) have been published and have all reached the second reading stage.

While the aforementioned bills are not yet part of Maltese legislation and may be subject to amendments, the wider intention is to transpose the provisions of EU Directive 2019/1023 on preventive restructuring frameworks on discharge of debt and disqualifications, and on measures to increase the efficiency of procedures concerning restructuring, insolvency and discharge of debt and amending EU Directive 2017/1132.

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