Introducing Maritime and Aviation Cell Companies to Malta
Dr Ingrid Fenech participated in the Society Education Annual Conference on Aspects of Maltese Company Law held on 29th November, where she delved into the recent amendments to the Companies Act introducing the notion of cell companies carrying on or engaged in shipping or aviation business. With this introduction into local law, the shipping and aviation sectors in Malta now have an effective tool with which to segregate and protect the cellular and other assets of the company from the core cell company and from other individual cells, allowing for the structuring and ring-fencing of each cell.
During the seminar, Dr Fenech also discussed the salient features and benefits of cell companies and how these have been set up and used in practice.
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