events | 05 November 2020

Guarantees and the ranking of creditors

Basic notions surrounding the law of guarantees will be explored, with the aim of establishing the ranking of creditors in a liquidation scenario undertaken by a company. Whilst the concepts may be applied in a universal manner, examples will be provided dealing with the insolvency of a limited liability company.

Basic notions surrounding the law of guarantees will be explored, with the aim of establishing the ranking of creditors in a liquidation scenario undertaken by a company. Whilst the concepts may be applied in a universal manner, examples will be provided dealing with the insolvency of a limited liability company. Following this session, participants should be able to distinguish between a privilege and a hypothec, between general and special guarantees, and also gain knowledge on the nature of a personal guarantee. The privileges reserved to certain arms of government (Commissioner for Revenue, Director of Social Security, etc) will also be explored.

Start Time: November 6, 2020 9:30 AM Malta Time (GMT+1) 

End Time: November 6, 2020 11:30 AM Malta Time (GMT+1)

Location Details: Online. A Microsoft Teams link will be sent to you following the registration. Kindly sign in at least 5 minutes before the beginning of the class.

Audience:

- Financial services and capital markets practitioners

- Legal counsel of companies, particularly distressed companies

- Professionals who wish to understand more on the ranking of creditors

- Lawyers and finance specialists with an interest in liquidations

Program level: Intermediate

Price: Euro 50 (incl. VAT). Payment details will be sent via email when the registration is completed.

Contact: +356 2093 1810 / advance@mt.gt.com

 

Training topics:

- Understanding the concept of a guarantee;

- Exploring the different kinds of guarantees: pledge, hypothec, privilege and suretyship;

- Analysing special vs General privileges and hypothecs;

- Briefly discuss the enforcement of a guarantee;

- Understanding the ranking of debts/creditors;

- Exploring special laws granting privileges to government entities;

- Discussing examples through judgments.

 

 

This event has been accredited with 2 hours of structured CPE qualifying under Core Development competency as per the Accountancy Board Accreditation Rules.

A certificate of completion and handouts will be provided to all participants following the completion of the training.

Cooperation Partners
  • Malta Association of Credit Management
  • Malta Employers' Associations