Court rejects Shoreline attempt to lift €43 million garnishee order

Shoreline – the beleaguered real estate project at Smart City – has suffered another significant legal setback after a court rejected its attempt to lift a €43 million precautionary garnishee order obtained by Turkish contractor Koray Global Malta, ruling that the company’s proposed property guarantee did not offer creditors the same level of protection as … Continued

By Ivan Camilleri