A number of amendments to the Maltese Companies Act were enacted by means of Act XVIII of 2025 on July 11. This article analyses some amendments which have significant practical significance for the business community as well as for corporate law practitioners and service providers.
Simplified liquidation procedure
One of the main changes to the Companies Act is the introduction of a simplified liquidation procedure which can be used by companies in lieu of a ‘Members’ Voluntary Winding Up’. The rationale behind the new procedure is to enable a number of companies which have ceased to trade or never traded to have a fast track method of being struck off the Registry of Companies.
Unfortunately, many…