S.L. 386.5 Art. 16Removal from register.

Upon an instrument of continuation continuing the company in another country or jurisdiction being issued by the relevant authority of the said country or jurisdiction, the company shall forthwith deliver to the Registrar a copy of the instrument of continuation and the company shall be deemed to have ceased to be a company incorporated in Malta from the date when its continuation in that other country or jurisdiction takes effect, and the Registrar shall strike the name of the company off the register: Provided that nothing in this regulation shall -

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

(b) affect the property of the company;

(c) render defective any legal or other proceedings instituted or to be instituted, by or against the 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 company or any other person.