Flights of fancy | Books | The Journal Gazette journalgazette.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from journalgazette.net Daily Mail and Mail on Sunday newspapers.
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 acquisition by Martone of the majority shareholding in Malta and Europe Hotels Ltd from Italian spouses Antonio Ghidoli and Nada delle Piane.
Pace challenged the veracity of that testimony, claiming that it had caused prejudice and loss of property in his regard.