An insolvency fund that could have been used to pay those who had their holidays cancelled by Fantasy Tours, was meant to be set up in terms of the the Malta Travel and Tourism Service Act, which was enacted in 1999, but it was never brought into force, Times of Malta has learnt.
The fund, which tourism operators were meant to contribute towards, would have compensated any traveller, licensed tourism operation or tourist for any debt arising from the insolvency of any licensed tourism operator.
mxuereb@timesofmalta.com
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