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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 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.  ....

Justice Robertg Mangion , Michele Martone , Antonio Ghidoli , Justice Mark Chetcuti , Justice Josephr Micallef , Civil Court , Adelphi Investment Ltd , Europe Hotels Ltd , Malta Industrial Development Corporation , Excelsior Hotel , Cecil Pace , Massimiliano Martone , First Hall , Chief Justice Mark Chetcuti , Malcolm Pace , மைக்கேல் மார்டோன் , சிவில் நீதிமன்றம் , யூரோப் ஹோட்டல் லிமிடெட் , மால்டா தொழில்துறை வளர்ச்சி நிறுவனம் , எக்செல்சியர் ஹோட்டல் , சிசில் பேஸ் , முதல் மண்டபம் , மால்கம் பேஸ் ,