Publications

Another Successful Private Sale of a Vessel in Malta by Court Approval

Authors: Jotham Scerri-Diacono
Published on June 27, 2019
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Practices: Admiralty & Maritime Litigation, Shipping sale, purchase & charterparties
Malta continues to attract vessels to its shores for court-approved sales. Following closely last year’s judicial sale of the 100 meter super yacht m.y. Indian Empress, the m.v. HHL Rio de Janeiro, a specialised heavy lift vessel, sailed into Maltese waters for her sale by private treaty. The sale was instigated by the enforcing mortgagee. Having considered the market value of the ship, the Court proceeded with its decision of the 29 May, 2019, in the proceedings in the names “J. Scerri-Diacono nomine versus m.v. HHL Rio de Janeiro”, to approve the sale.

Clock keeps ticking for Libor

Authors: Beppe Degiorgio
Published on June 5, 2019
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Practices: Banking Regulatory
As I wrote in my article in the Times of Malta on 21 November 2017, the London Interbank Offered Rate, Libor, (which measures the cost of unsecured borrowing between banks for a specific period) is expected to be phased out by 2021 and given its widespread use, this is proving to be a gargantuan task.