Malta: Insolvency/Bankruptcy

Player funds occupy a distinctive position under Maltese gaming law. Although a licensed operator may receive, administer and transfer money standing to the credit of its players, those funds are not treated simply as part of the operator’s property or as an ordinary debt appearing on its balance sheet.

Under Maltese company law, creditors holding at least one-fourth of a company's debt value have the statutory right to request a meeting to potentially replace the Official Receiver as liquidator. This mechanism provides creditors with meaningful influence over the liquidation process, particularly when specialized expertise or a different approach to asset recovery is needed.

This article is part of a series exploring court actions available under the Companies Act (Chapter 386 of the Laws of Malta).

On November 15, 2024, the Insolvency and Receivership Service, a part of the Malta Business Registry, unveiled a new self-evaluation insolvency tool.

On the 15th of November, 2024, the Insolvency and Receivership Service within the Malta Business Registry (the "MBR") launched a new online portal...

On the 15th of November 2024, the Insolvency and Receivership Service within the Malta Business Registry announced the launch of the very first...

In its recent decision Xuereb v Weber Construction Limited Et (decided 18 March 2021) the Civil Court (Commercial Section) weighed in once more on the appropriate tests to be applied when assessing a company's inability to pay ...

On 15th September 2020, the Companies Act (Suspension of Filing for Dissolution and Winding Up) Regulations (the 'Regulations') were introduced as part of several other measures intended...

On the 22 June 2010, Parliament approved and published the Aircraft Registration Act, which came into force on 1 October 2010. This means that it has already been a decade since a decision...