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We work tirelessly to guide our clients and support them through the complexity and dynamic landscape they operate in. We partner with them to find better ways to overcome obstacles, seize opportunities and safeguard for future threats. We empower our teams and inspire them through example, encouraging them to always go further and look deeper in pursuit of the right solutions. We lead the way and empower our clients and teams for success.
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Inside Malta’s New Rescue Law: How a Restructuring Plan Becomes Reality
Imagine a business that is under pressure. Sales have dipped. A key contract is at risk. Cash is tight. The board meets and, after honest analysis, concludes the company faces a likelihood of insolvency — that is, a state of financial difficulty falling short of actual insolvency but sufficiently serious to warrant early intervention — unless decisive action is taken. Under the Pre-Insolvency Act (hereinafter the “Act”), enacted by Act XXIV of 2022 to partially transpose Directive (EU) 2019/1023 on preventive restructuring frameworks, that company may apply to the Civil Court (Commercial Section) to open a preventive restructuring procedure. The…
No Liquidation Committee? Here’s How a Shareholder Can Step in
This article forms part of a series exploring key procedures and rights under the Companies Act (Chapter 386 of the Laws of Malta) in the context of company liquidation. While not every step requires a direct court application, creditors and other stakeholders still play an active role in shaping the process. When a company is being wound up by the court, a liquidation committee may be appointed to oversee and support the liquidator’s work. This committee is typically made up of creditors and is meant to safeguard the interests of those with a stake in the company’s remaining assets. But…
EU Commission Classifies ChatGPT as a Search Engine: A Brief Look at What This Means
The European Commission has recently designated OpenAI’s ChatGPT as a Very Large Online Search Engine (“VLOSE”), whilst Roblox and Reddit have been designated as Very Large Online Platforms (“VLOPs”), making all three subject to the Digital Services Act (“DSA”) . Having each exceeded an average of 45 million monthly users throughout the European Union (“EU”), the newly designated services now have four months (until January 2027) to comply with all additional requirements mandated by the DSA for both VLOSEs and VLOPs. This is particularly noteworthy in the case of ChatGPT, which has now joined the two other VLOSEs, 'Bing' (operated…
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