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On the 21st February 2020, Legal Notice 31 of 2020 was published, bringing with it various important amendments to the Merchant Shipping (Shipping Organisations – Private Companies) Regulations.
Winding up and dissolution are related and two parts of the process which leads to a company ceasing operations and paying off creditors.
Malta has a long-established and illustrious reputation within the aviation sector and one can find a huge cross-section of aviation management companies in Malta, which have taken advantage of excellent facilities and a very favourable tax regime.
The removal of barriers to trade, the free movement of capital and people and the emergence of new technology has allowed people in the EU and around the world to better their circumstances, but lack of regulation has created loopholes in the system.