In a sharply worded judicial letter, MIDI plc, the company holding the 99-year concession to redevelop Manoel Island into a luxury mixed-use complex, has formally accused the Maltese government of actions that allegedly endanger the repayment of a €50 million bond maturing next year. The dispute, involving some 3,000 bondholders and investors, marks a critical point in one of Malta’s most high-profile and long-delayed real estate projects....
Continue Reading
NEWS Malta
October 16, 2025
Sliema residents win partial victory in Townsquare case
Sliema residents secured a partial victory on Wednesday in their prolonged legal battle against developer Michael Stivala, after the Court of Appeal ordered the Environment and Planning Review Tribunal (EPRT)...
NEWS Malta
October 13, 2025
Manoel Island dispute halts settlement talks
Negotiations between the Maltese government and MIDI PLC regarding a possible out-of-court settlement for the return of Manoel Island to public ownership have reportedly ground to a halt. According to...
NEWS Malta
August 14, 2025
Shoreline faces €43m garnishee order and bond concerns
The owners of Shoreline, a significant real estate development in Xghajra’s Smart City, have been under a legal garnishee order for several months, raising questions about compliance with listing rules...
NEWS Malta
January 27, 2025
Court Rules in Favor of Abela Family’s Hotel Plans
A recent decision by the Court in Gozo has cleared the way for Prime Minister Robert Abela and his wife, Lydia, to continue their development project in Xewkija. The project...