Code of Organization and Civil Procedure (Cap. 12)

Code of Organization and Civil Procedure (Cap. 12), article 874

Official PDF on legislation.mt

874. * (1) A warrant of prohibitory injunction may also be demanded by a creditor to secure a debt or any other claim amounting to not less than eleven thousand six hundred and forty- seven euro (11,647). The object o f such a warrant is to restrai n the debtor from selling, alienatin g, transferring or disposing inter vivos such property as may be indicated in the application by onerous or gratuitous title or in any manner creating a burthen or real an d, or personal rights; provided that such a warrant shall not apply t o the constitution of any right on, or alienation or transfer of any property made pursuant to a court order, or over bank guarantee s and letters of credit. *Legal Notice 42 of 2016 , which brought into force ame ndments made to this article by article 21 of Act IV of 2016, stated that the provisions o f the said article 21 are to apply only to demands, for the is sue of warrants, which are mad e after the 15th February, 2016. CODE OF ORGANIZATION AND CIVIL PROCEDURE [CAP. 12. 245 Cap. 56. ( 2 ) W h e r e a w a r r a n t p r o h i b i t s t h e s a l e , a l i e n a t i o n , t r a n s f e r o r other disposal of immovable property the application shall cont ain all the particulars relating to the person against whom it is d irected that are required by law in respect of the registration of a tr ansfer of immovable property by such person in the Public Registry. Where the warrant refers to specific i mmovables, the application shal l describe them in the manner provided for in the Public Registry Act , in respect of notes of enrolment, namely it shall apply with reference to the geographical data in question. Where the application refers to specific immovables it shall also be accompanied by a complete draft o f the note of enrolment for fi ling in the Public Registry. (3) The warrant referred to in sub-article (2) shall upon its issue and at the expense of the applicant, be served by the Registrar, within twenty-four hours, on the Director of the Pub lic Registry and the Land Registrar or on such authority as may be nominated by the Minister responsible for justice, who shall forthwith register the same in books kept for the purpose. Such books shall be indexed and accessi ble to the public. It shall a lso be served upon any person indicated by the applicant. (4) Upon registration of the war rant referred to in sub-article (2) by the Director of the Public Registry, any future sale, alienation, transfer or disposal of immovable property to which the warrant refers shall be v oid and to no effect. (5) Without prejudice to the provisions of article 836, the warrant referred to in sub-article (2) shall, unless previously revoked or otherwise ceasing to be in force, continue to have e ffect for a period of one year from the date of final judgment in fav our of the creditor in his action for th e recovery of the debt or clai m referred to in sub-article (1). (6) Where a warrant prohibits the sale or transfer of the shares in a commercial partnership, notice shall also be served on the Registrar of Companies and from the date of such service any transfer of shares shall be null. (7) No action for damages shall lie against the Registrar for failure to comply with any of the provisions of this article ex cept on the basis of wilful acts done i n bad faith or of gross negli gence. Execution of warrant. Substituted by: XIV .2006.102. Amended by: XV .2008.20.

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Text read from the consolidated PDF published by Legislation Malta. Tables, figures and marginal notes may be incomplete or out of place: the official PDF is authoritative. General information, not legal, tax or accounting advice.