A Landmark Judgment for Secured Creditors
BNF Bank plc Obtains the Release of Property from the Effects of a Seizing and Freezing Order This appears to be the first instance in Malta in which the Civil Court (Asset Recovery Section) released property from the effects of a seizing and freezing order(the “Order”), to enable a banking institution to enforce pre-existing security rights. The judgment delivered on the 14th of May 2026 in the names BNF Bank plc vs Uffiċċju għall-Irkupru tal-Assi (Asset Recovery Bureau) by the said Court as presided by Mr. Justice Henri Mizzi, has now become res judicata and represents an important development in…
Kevin Cutajar and Frank B. Testa12th August 2026