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Malta Law Firm > Insights > Pre-Insolvency Act: Shipping Implications

Pre-Insolvency Act: Shipping Implications

31.1.24
AUTHORED BY
Matthew Cassar
READING TIME
< 1 MINS
Practice Area
Ship Finance
31.1.24

On the 23rd of December 2022, Malta introduced Chapter 631 of the Laws of Malta entitled the Pre-Insolvency Act. The purpose of the Act is, amongst others, to introduce within Maltese legislation effective preventive restructuring frameworks which enable corporate structures and/or individuals engaged in trade who are facing financial difficulties to continue operating.

Matthew Cassar, Associate, shares certain features of the Pre-Insolvency Act and the interplay between the shipping industry, particularly in the realm of ship finance.

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