I have read with interest the article ‘Final stages for National Bank saga’ that appeared in The Business Observer (April 21).

I refer to the second paragraph of the article: “Consultants Ugolino, Nun and Chilton drew up the government’s version of the valuation in June 2015 setting it as zero.”

I also quote from the third paragraph: “The government’s argument is that the bank ‘was illiquid and insolvent’ and that, therefore, it does not owe a cent in compensation to the shareholders”.

In its judgment of October 2014, the Constitutional Court of Malta, presided over by Mr Justice Tonio Mallia, Mr Justice Noel Cuschieri and Mr Justice Joseph Azzopardi, confirmed two judgments handed down earlier in 2014 by Mr Justice Joseph Micallef. The Constitutional Court decreed that the National Bank of Malta shares had value despite the temporary liquidity problem and confirmed that shareholders are subsequently entitled to compensation.

In my opinion, therefore, the issue of the insolvency of the National Bank of Malta has long been buried since 2014. I find it very disrespectful, unprofessional and unethical that the decision of the Constitutional Court of Malta be interpreted otherwise.