Cap. 632 Art. 16Breach of professional duty.

Every person who acts in breach of his professional duties in the exercise of his functions as an insolvency practitioner, shall, if such act or omission amounts to gross negligence, bad faith or serious misconduct, be liable on conviction to imprisonment for a period of not less than one (1) year and not exceeding five (5) years, and the court may also inflict on such person a fine (multa) not exceeding sixty thousand euro (€60,000).