events | 28 October 2020

Shipping & Aviation Cell Companies

By the end of the course attendees will get an understanding of L.N. 248/2020 governing the introduction of Cell Companies concept within the shipping and aviation industry.

Course Description:

As of 3 March 2020, the Maltese Companies Act, contemplates the possibility of setting-up cell companies within the areas of maritime and aviation. Such an amendment is a revolution in an industry, such as the shipping one, based on asset ring fencing via multiple single-ship companies; thus allowing ship operators and aviation players the possibility to achieve higher efficiencies in terms of corporate and tax governance. L.N. 248 of 2020 Companies Act (Shipping and Aviation Cell Companies) Regulations, 2020 introduced the possibility of those engaged in the shipping or aviation business to set up a cell company provides for segregating and protecting the cellular assets of the company including segregated accounts, compartments or units.

Target Audience:

The session is aimed for accounting / legal professionals, university students, people interested in shipping and aviation.

Learning Outcomes:

By the end of the course attendees will get an understanding of L.N. 248/2020 governing the introduction of Cell Companies concept within the shipping and aviation industry.

Prerequisites:

Basic Accounting, Legal and Company Law knowledge.

Date: 09/11/2020

Time: 09:00 – 11.15 including 15min break

Venue:Live online session – details of how to join the meeting will be sent once registration is complete

Fee: €40

CPE Hours: This course qualifies for 2 hours of structured CPE which can be classified as Professional Competency. A certificate of attendance will be provided at the end of the session.

Kindly note that this session entitles the attendee to KPMG Loyalty Rewards. After collecting 60 Loyalty Rewards, attendees will be entitled to a free CPE session of their choosing. Visit our Loyalty Rewards page to learn more.

Moreover, for every three courses booked from our KPMG Learning Suites, attendees receive a discount voucher of 40% to be redeemed on their next course purchased from any Learning Suite!

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