National Bank of Malta compensation conundrum
National Bank of Malta shareholders instituted proceedings against the government 32 years ago. Photo: Chris Sant Fournier
By judgment of March 26, National Bank of Malta (NBM) shareholders (in most cases their heirs as very few of the original shareholders are still around) who instituted proceedings against the government 32 years ago were finally awarded compensation by the court.Unfortunately, the court’s decision is not at all clear on how the pecuniary damages...