As Maltese legal practitioners, we have, for years, been harping on about the high standards of and comfort that Maltese law offers the mortgagee. However, it was the recession of 2008 that tested whether the system was as robust as we had been saying it was.
In 2006, our Code of Organisation and Civil Procedure underwent a radical shake-up when it came to laws governing the jurisdiction of our courts in rem, arrest of ships and enforcement mechanisms.
