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M23022 - An introduction to the Maltese insolvency reform - 3 Day Package (Online)

  • 13 Feb 2023
  • 27 Feb 2023
  • 3 sessions
  • 13 Feb 2023, 13:30 16:15 (CET)
  • 20 Feb 2023, 13:30 15:30 (CET)
  • 27 Feb 2023, 13:30 15:30 (CET)
  • Online Webinar


Registration Time: 13:15
Session 1 Time: 13:30 - 16:15 Including a 15 minute break
Sessions 2 & 3 Time: 13:30 - 15:30 no break
Speaker Session 1: Dr Gianluca Busuttil 
Speaker Sessions 2 & 3: Dr Gianluca Busuttil

Venue: Online Webinar
Participation Fees (The Institute is now accepting payments via Paypal)
MIA Members: €70.00
Non-MIA Members: €140.00
Retired Members: €30.00
Students: €50.00

BackgrounD information

The transposition of Directive 1023/2019 (the Directive on restructuring and insolvency) into Maltese law will result in a material and substantial reform, with three primary outcomes, these being: (a) the introduction of preventive restructuring procedures into Maltese law in a manner that aligns with the safeguards and protections required by the Directive; (b) the modification of Malta’s existing bankruptcy legislation so as to apply a three-year duration for the effective discharge of commercial debt; and (c) the introduction of specific regulation intended to formalize the role, functions and obligations of insolvency practitioners.
These objectives will be achieved, respectively, through the enactment of the Pre-Insolvency Act, the amendments to Part III of the Commercial Code on bankruptcy, and the Insolvency Practitioners Act.


  • Early warning and eligibility for preventive restructuring procedure
  • The available typologies of preventive restructuring and the specific relevance of each
  • The stay of individual enforcement actions and other protections for debtors under preventive restructuring procedure
  • The formulation and confirmation of a restructuring plan
  • The declaration of bankruptcy and other considerations around entry into bankruptcy proceedings
  • The notion of dischargeable debts and the treatment of commercial and personal debts
  • The role and functions of the bankruptcy trustee
  • The implications of discharge and rehabilitation as the outcome of successful bankruptcy proceedings.

Why is the session of relevance to our members?

The impact of the transposition of Directive 1023/2019 into Maltese law is expected to be very broad, and to have a material impact on the manner in which business conduct their operations. New obligations will be introduced, which the vast majority of businesses will need to be sensitive towards, and the introduction of new legislative mechanisms may result in a need to revaluate various standards business practices.

Target Audience

Accountants and prospective accountants, lawyers, entrepreneurs, business owners and self-employed persons

    Speaker's Profile

    Gianluca Busuttil is a manager at Deloitte Malta, having joined the firm in October 2019. His main areas of specialisation are commercial and corporate law, insolvency law, and AML/CFT law.
    Gianluca has experience in the formulation of regulatory policy and related work in the fields of corporate and insolvency law, including with respect to the overall improvement of the Maltese insolvency framework and the push towards alignment with the relevant international standards of best practice – including in relation to the transposition of Directive 1023/2019 (the Directive on restructuring and insolvency) by virtue of the Pre-Insolvency Act, the Insolvency Practitioners Act, and the amendment of Part III of the Commercial Code on bankruptcy


    6.5 Core


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