S.L. 386.27 Art. 20Striking off.

When the Registrar is notified by the registry of the destination jurisdiction to whose jurisdiction the Maltese registered converting company is subject, of the effective date of the cross-border conversion, the Registrar shall cause without delay a notice to be published in the Gazette or on a website maintained by the Registrar, indicating that the cross-border conversion has been completed and the Registrar shall strike the name of the Maltese registered converting company off the register and the provisions of article 401(1)(e) of the Act shall apply. The Registrar shall also include in his register a reference to the fact that the striking off of the Maltese registered converting company is the result of a cross-border conversion as well as the date of striking off of the company from the register and the registration number, name and legal form of the Maltese converting company.

Provided that nothing in this regulation shall:

(a) remove or affect the jurisdiction of any court in Malta to hear and determine any proceedings commenced therein by or against the Maltese converting company before it ceased to be a company registered in Malta;

(b) affect the property of the Maltese converting company;

(c) render defective any legal or other proceedings instituted or to be instituted, by or against the Maltese converting company; or

(d) release or impair any conviction, judgement, ruling, order, debt, liability or obligation due or to become due or any cause existing against the Maltese converting company or any other person. COMPANIES