You raise a good point. Broadly I will admit, LOI's are like pre-contracts. Essentially, two parties agree to the general terms of a contract with maybe the negotiations around wording or other commitments. A lot of these negotiations will be about due diligence so not a bad mechanism by either party to nail down obligations.
Agree that no news about Malta is annoying.
Malta timelines. What does it all mean?, page-17
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