Article
No Liquidation Committee? Here’s How A Shareholder Can Step In
When a company enters court-supervised liquidation in Malta, creditors typically appoint a liquidation committee to oversee the liquidator's work. But what legal recourse exists when creditors fail to establish this crucial oversight body? Article 246(2) of the Companies Act provides shareholders with a specific mechanism to compel action, ensuring that stakeholder interests remain protected even when creditor engagement falters.
Mamo TCV Advocates