S.L. 371.12 Art. 25Creditor’s rights to set off.

(1) The adoption of reorganisation measures or the opening of winding-up proceedings shall not affect the rights of creditors to demand the set-off of their claims against the claims of the Maltese credit institution where such a set-off is permitted by the law of the Member State or EEA State which is applicable to the claim of the Maltese credit institution.

(2) This regulation does not preclude actions for voidness, voidability or unenforceability of legal acts detrimental to creditors referred to in regulation 11(2)(l), above.