DOCKYARD AND SHIPBUILDING YARD (RESTRUCTURING) [ CAP. 466.  1
CHAPTER 466
DOCKYARD AND SHIPBUILDING YARD 
(RESTRUCTURING) ACT
To  make provision for the restructuring of Malta Drydocks and
the Marsa Shipbuilding Yard.
7th November, 2003
ACT XV of 2003.
Short title.
Yard (Restructuring) Act.
Interpretation.
Cap. 207.
"Early Retirement Scheme" means the scheme established by
article 16A of the Malta Dockyard Act;
Cap. 157.
"dockyard lease" means the lease granted under the Authority of
the Malta Dockyard Emergency Ordinance, by a deed dated 28th
March, 1959, in the records of Notary Doctor Paul Pullicino, as
varied from time to time;
Cap. 207.
"Corporation" means Malta Drydocks, a corporation established
by the Malta Dockyard Act;
"Company" means the Malta Shipbuilding Company Ltd, a
company duly constituted and registered under the laws of Malta;
"Minister" means the Minister responsible for government
investments;
"transferee companies" means the Malta Shipyards Limited and
the Industrial Projects and Services Limited.
Transfer of assets 
and liabilities.
3. (1) With effect from the date of the coming into force of
this article all assets whether in Malta or abroad including all assets
of the Corporation and of the Company leased under the dockyard
lease, all real or other rights under any contract, all monies due by
any person to the Corporation or the Company and all shares in or
stocks of any other bodies in or stocks of any other bodies held by
them shall without any further assurance other than this Act vest in
the Government, and all liabilities of the Corporation and of the
Company including all liabilities and obligations under the Early
Retirement Scheme shall vest and be due by the Government.
(2) All actions pending before any court or tribunal instituted
by or against the Corporation or the Company shall be continued by
or against such public officer in the name of the Government as the
Minister may by notice in the Gazette, from time to time, establish.
(3) With effect from the date next following the date referred to
in subarticle (1), the Company shall be dissolved, liquidated and
wound up without the need of any further formality other than this
Act.
2 [ CAP. 466. DOCKYARD AND SHIPBUILDING YARD (RESTRUCTURING)
Employees of the 
Corporation and 
the Company.
4. (1) Notwithstanding the provisions of any other law all
persons in the employment of the Corporation and of the Company
immediately before the coming into force of this article shall be
transferred to and become employees of one or other of the
transferee companies as established by this article.
(2) The transferee companies shall take on all the rights and
obligations which the Corporation or the Company had prior to the
transfer towards the employees transferred to them, and each of
such employees shall, for all intents and purpose of any law, be
deemed to have been in the employment of the respective transferee
company, since the date on which he took up the employment with
the Corporation or the Company, as the case may be.
(3) The transfer of the employees aforestated to each of the
transferee companies shall be made in accordance with the
selection made by the Corporation and the Company.
Transfer, etc., of 
land to transferee 
companies, etc.
Cap. 268.
5. Notwithstanding the provisions of the Disposal of
Government Land Act, the Government may under such title and
subject to such conditions as it may deem fit, transfer any land
vested in the Government under article 3 of this Act, and any other
asset vested under the same article to either of the transferee
companies for any of the purposes of the transferee companies or
any body corporate established by law, without any further
authorisation other than this article:
Provided that the provisions of the Disposal of Government
Land Act shall upon such transfer continue to apply to such land as
if its transfer was authorised under the provisions thereof.
