Maltese law recognises both institutes of assignment of lease and sub-lease as viable options to lessees party to lease agreements. In fact, Article 1614 of the Maltese Civil Code, Chapter 16 of the laws of Malta, provides that “the lessee is not entitled to sub-let a thing or to assign its lease, unless such right […]
The irrevocable mandate granted by way of security is an exceptional institute. It contains remnants of a mandate, whereby a person (a mandator) delegates legal authority to another (a mandatary) to execute certain legal acts. However, it also contains remnants of an assignment of a right or a contractual accord of an interest. It is […]
Use of the phrase ‘force majeure’ has undoubtedly gained traction after the Covid-19 pandemic. Whilst the inclusion of force majeure clauses within contractual agreements had previously been considered an afterthought (and parties often made use of standard clauses for it), nowadays, force majeure clauses have become a point of contention in negotiations. In view of […]