PRESS RELEASE ISSUED BY THE MINISTRY FOR JUSTICE, CULTURE AND LOCAL GOVERNMENT: A new insolvency regime and the establishment of a European Public Prosecutor’s Officer were discussed today during the Justice Ministers’ informal meeting held in Vallletta

European Justice Ministers discussed a new insolvency proposal and the way forward on the establishment of a European Public Prosecutor’s Officer (EPPO) during the second day of the Justice and Home Affairs Informal Council Meeting held in Valletta.

The meeting was chaired by the Maltese Justice Minister Owen Bonnici and it followed yesterday’s meeting with the Interior Ministers.

During a press conference with the Commissioner for Justice, Consumers and Gender Equality Vera Jourova, Minister Owen Bonnici explained that the Maltese Presidency is working towards brokering and closing various pending legislative proposals through discussions with all Member States in the Council. The two proposals discussed today which are amongst others that the Maltese Presidency is prioritising within the Justice remit of the Council are; the new regime regulating insolvency and the way forward on the setting up of an EPPO which will deal specifically with certain crimes affecting the European Union’s financial interests.

Commenting on the insolvency proposal, Minister Bonnici said that it aims to reduce significantly the legislative barriers between the various Member States and to provide for an early intervention for businesses, so that they are saved from insolvency. In return, this helps to strengthen Europe’s economy and create more jobs for our citizens.

On EPPO, Minister Bonnici stated that the Maltese Presidency is committed to see that extensive progress is made and pledged to act as an honest broker throughout.

Minister Bonnici stressed that Malta is committed to achieving these results. The Justice files, he said, might seem technical and complicated but in reality they have an important and tremendous direct effect on improving the lives of European citizens and businesses.

Source: Government of Malta