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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.
The Employment and Industrial Relations Act (EIRA) was enacted in 2002 by the Maltese Parliament to consolidate and build on earlier laws, rolling them into one and subsequently bringing the Act into line with the EQ Aqcuis Communitaire.