Update with Steward statement below – The Government has defeated an International Chamber of Commerce Emergency Arbitration proceeding brought by Steward Malta Limited, Steward Malta Management Limited Steward Malta Assets Limited (collectively “Steward”).

In a statement, the Government said that the Emergency Arbitrator ordered Steward to bear the Government’s costs.

The statement went on to say that, “while the matter relates to the terminated concession, at this stage the Government cannot comment further on pending legal proceedings.”

Steward statement:

In its reaction, Steward Health Care Malta (SHCM) is “disappointed to witness the deliberate and misleading omission of facts in the Maltese press today.”

It went on to say that on the 16th of March, SHCM submitted a Termination Notice to the Government of Malta due to “non-rectifiable defaults on the Government’s part.”

“The concerted government and government agencies action and the failure of the rule of law as exemplified by the court of first instance judgement justifies SHCM’s request of a preliminary ruling from the European Court of Justice and a complaint to the European Commission,” the company said.

Steward added that “today’s reporting further proves why SHCM felt unable to continue to operate in Malta, where institutions are clearly aligned against foreign investors.”

“SHCM remains committed to stating facts and to ensuring that all evidence is correct,” it said. “SHCM remains committed to a fair and orderly transition and will ensure that the wellbeing of our patients and our employees remain our priority.”

Steward Health Care Malta said the facts and evidence relating to the hospital concession can be found here.

File photo: Gozo News/Anthony Zammit

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