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BICAL founder heirs lose appeal over share transfer in former Excelsior company

The heirs of BICAL group founder Cecil Pace have failed in their bid to challenge a court testimony regarding a majority share transfer in a Maltese company that formerly owned the Excelsior Hotel. Pace had instituted proceedings in his capacity as shareholder and director at Malta Industrial Development Corporation against Italian lawyers Michele and Massimiliano Martone, claiming that Michele Martone had not testified truthfully in separate proceedings. That testimony concerned the acquisitio...
Justice Robertg Mangion Michele Martone Antonio Ghidoli Justice Mark Chetcuti Justice Josephr Micallef Civil Court

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