Category: Archive – 2013

MCCAA Chairman
Marcel Pizzuto opened and  chaired the
Seminar while  a number of competition law
experts covered various substantive and procedural issues. The
harmful effect of cartels on consumer welfare, the consequences on cartelists
and the remedies for victims of cartels were explained in detail in a
presentation delivered by Sylvann Aquilina Zahra, Director General of the
Office for Competition.

Stefan
Vella and Marice Grech  provided an
overview on the concepts of dominance and abuse from a legal and economic
perspective. Their presentation focused on how the Office proceeds on alleged
abuse of dominance cases. They also explained how the definition of the market
and the competition assessment are undertaken.

Their
presentation also delved into examples of types of abuse and how these are
investigated.

In most
European jurisdictions, it is mandatory for certain transactions occurring in
Malta to be notified to the Office for Competition before they can go through.
The seminar also provided a brief overview of when, how and why companies may
be affected by the Control of Concentrations 
Regulations. Lisa Abela and Ms Grech discussed the national approach to
the Merger and Acquisition Regulations.

The
procedures before the Office were also discussed.  Dr Aquilina Zahra and Dr Abela explained
priority setting by the Office for Competition and the rights and obligations
of complainants.

Aloysius
Bianchi focused on the powers of the Office for Competition to investigate
effectively suspected competition law infringements, the outcome of the
investigation stage and when the Office can adopt infringement or commitment
decisions.

He also
explained the main features of the draft regulations concerning immunity from
fines and reduction of fines in cartel investigations.

Practical
issues relating to the application of competition law and anti-trust investigations
carried out by the Office for Competition were raised by Paul Micallef Grimaud.

Various
questions from the floor were raised most of which were addressed  and handled by the competition experts.

The
seminar was organised as part of an information campaign aimed at creating
greater awareness about the responsibilities of the MCCAA and the rights and
obligations of consumers and traders.

In her
closing speech Hon Helena Dalli, Minister for Social Dialogue, Consumer
Protection and Civil Liberties referred to Competition as a driving force of a
market economy since it is that mechanism which instigates undertakings to
offer goods and services at the most competitive, and therefore favourable,
terms and conditions. Competition she said also encourages companies and all
economic operators to be efficient and to come up with more innovative products
and services. For the individual consumer, competition ensures lower prices,
better quality and wider choice. For the economy as a whole, competition boosts
and supports economic growth. Hon Dalli also emphasised on the importance of
competition law and an effective competition law enforcement policy to protect
competition so as to safeguard our economy and consumer welfare.

Anyone
wishing to have further information 
kindly contact The Malta Competition and Consumer Affairs Authority
(MCCAA) on tel: 2395 2000 – web: www.mccaa.org.mt

Ufficjali
tal-GRTU attendew Seminar interessanti bit-tema "Is-Sahha u s-Sigurta' fuq
il-Post tax-Xoghol-Principli, Drittijiet u Obligi", f'Għawdex. Is-Seminar gie
organizzat mill-Awtorita għas-Saħħa u s-Sigurta' fuq il-post tax-Xogħol
bl-għajnuna tal-Aġenzija Ewropea, u b`kollaborazzjoni tal-Gozo Business
Chamber.

Huwa
essenzjali li f`kull post tax-xogħol, is-saħħa u s-sigurta' tingħata l-ewwel
importanza. Kemm min iħaddem kif ukoll il-ħaddiema għandhom jassiguraw li
jittieħdu dawk il-miżuri meħtieġa biex ikunu evitati kemm jista' jkun inċidenti
u mwiet waqt il-qadi ta` dmirijiethom.

Is-Seminar
infetaħ uffiċjalment mill-Ministru għas-Saħħa, l-Onor. Dr. Godfrey Farrugia li
fl-intervent tiegħu rrimarka li l-Awtorita' għas-Saħħa u s-Sigurta' fuq il-Post
tax-Xogħol hija stituzzjoni ta` mportanza nazzjonali, u li ilha tagħti servizz
utli għal dawn l-aħħar 12-il sena. Huwa kompla jgħid li s-seminar huwa xhieda
tal-ħidma li tagħmel l-Awotorita` flimkien mal-imsieħba soċjali, f`dan il-każ,
il-Gozo Business Chamber.  Il-Ministru
Farrugia rringrazzja wkoll lill-Aġenzija Ewropea tal-appoġġ li dejjem tat
lil-OHSA-Malta, xhieda li kif kienet aċċenat id-Direttur tal- Aġenzija Ewropea,
Dr. Christa Sedlatshek meta kienet ġiet Malta f'Jannar tal-2012,  fl-okkażżjoni tal-10 Annivesarju minn mindu
twaqfet l-Awtortia' Maltija, jeżisti rispett reċiproku bejn dawn iż-żewġ
entitajiet.

L-Onor
Deo Debattista, Chairperson tal-Awtorita, kompla billi qal li din l-attivita`
għalih tirrappreżenta sodisfazzjon doppju, sodisfazzjon li s-seminar qed ikun
organizzat għall-ewwel darba f'Għawdex u sodisfazzjon għaliex din hija l-ewwel
ativita' pubblika li kien qed jieħu sehem fiha min mindu ġie appuntat
Chairperson tal-Awtorita'.  L-Onor.
Debattista awgura lil dawk preżenti li s-seminar ikun ta` benefiċċju għalihom u
li jgħinhom jifhmu mhux biss l-obbligi legali, imma li huwa fl-aħjar interess
għall-intrapriżi li jirrapreżentaw, li jittieħdu dawk il-miżuri kollha li hemm
bżonn biex jiġu evitati kemm jista' jkun inċidenti u mwiet fuq il-postijiet tax-xogħol.

Matul
il-preżentazzjonijiet tal-ufficjali tal-Awtorita`, saret referenza dwar
l-importanza tal-"Evalwazzjoni tar-Riskju fuq ix-Xogħol" u r-"Rappreżentant
tas-Saħħa u s-Sigurta` tal-Ħaddiema" dwar saħħa u sigurta` fuq il-postijiet
tax-xogħol. Wieħed mill-uffiċjali tkellem dwar ir-relazzjoni li teżisti bejn
l-investimenti li jsiru minn min iħaddem favur is-saħħa u s-sigurta` fuq
il-post tax-xogħol, u l-benneffiċji li jirriżultaw għall-istess intrapriżi, kif
ukoll għall-ħaddiema nvoluti.  Is-Sur
Michael Grech, Presedent tal-Gozo Business Chamber qal li ċ-Chamber hija konxja
tal-importanza tat-tisħieh kontinwu tal-legislazzjoni li tirregola s-saħħa u
s-sugurta` fuq il-post tax-xogħol.  Huwa
ferm importanti li mhux biss min iħaddem ikun imfrumat sewwa dwar l-obbligi
biex jinżamm ambjent san fuq il-postijiet tax-xogħol, imma l-ħaddiema għandhom
ikunu mfurmati sewwa dwar id-drittijiet u l-obbligi tagħhom.  Il-Gozo Business Chamber tapreżża x-xogħol
siewi ta` l-OHSA li minn żmien għal-żmien torganizza żjajjar ta` rutina fuq
diversi postijiet tax-xogħol u b` hekk twassal il-messagg kemm lil min iħaddem
kif ukoll lil-impjegati. 

Għalaq
is-Seminar ir-rappreżentant tal-Ministeru għal Għawdex li f`isem l-Onor Anton
Refalo, enfasizza li l-ħarsien tas-saħħa u s-sigurta` fuq il-post tax-xogħol
jista' jevita numru ta` problemi li xi minn daqqiet jistgħu jkollhom
riperkussjonijiet kbar, kemm fuq l-operat tal-ażjendi, fuq il-ħaddiema, kif
ukoll fost il-membri tal-familji li jibqgħu jgorru l-konsegwenzi realtati ma`
korrimenti u mwiet għal ħajjithom kollha.

In its "Refit –
fit for growth" Communication published on the 2nd of October 2013, the
Commission has blocked the request of the social partners in hairdressing to
transform their agreement on health and safety into law. While not taking a
final decision, the Commission said that it does not intend to address the
issue until 2015 – at the end of a broader review on occupational health and
safety legislation.

The
decision comes after Commissioner Andor gave trade unions assurance on behalf
of President Barroso that the Commission will only decide "on the basis of a
comprehensive and impartial assessment of the agreement".

GRTU
welcomes this decision not to confirm the framework agreement because we are
against health and safety in the hairdressing sector, on the contrary we were
in favour of the objective of the framework agreement and in fact many of our
members already implemented most of what was stated in the framework agreement.
We however felt that the agreement lacked sensitivity to the realities of the
hairdressing sector and this also because it lacked a real representation of
the social partners representing hairdressers. GRTU does not feel that the
situation of health and safety with hairdressers can be solved with a simple
one size fits all solution. In addition to this some aspects related to the
requirement of light intensity and air circulations in the salons were vague
and needed to be further specified.

The
reality with the hairdressing sector, locally at least, is that the share of
unlicensed hairdressers operating is significant. Should a framework agreement
have been adopted the licensed hairdressers would be expected to abide by it
like they do with all other laws. The unlicensed ones would not have been
addressed in the slightest.

GRTU
therefore reiterates that we and our members are in favour of occupational
health and safety also because most of the time this means safeguarding the
health and safety of the business owners themselves, their family members and
that of their employees. Certain sectors however are already carrying the burden
of others enough, further additions are not appreciated.

L-GRTU iltaqghet mall-Onorevoli Roderick Galdes flimkien ma' Victor Agius, Chief of Staff u s-Sur George Carbone – Konsulent ghall-Gvern
fuq Agrikoltura fejn giet diskussa fid-dettal l-pozizzjoni ta' dawn
l-operaturi.        

L-GRTU taqbel mall-proposta
li l-Pitkalija ghandha bzonn tigi orgnizzata sabiex tkun tista twassal servizz
ahjar, pero, hi kemm xejn mhassba dwar l-pjan imsemmi fl-istess laqgha li
jghaqqad l-istakeholders kollha fi
progett wiehed.

Ricentament,
il-GRTU ghan-nom ta' dawn l-operaturi regghet talbet laqgha  ohra
mall-Onorevoli Galdes sabiex tigi diskussa l-espressjoni ta' interess u tinghata izjed
informazzjoni fuq il-mod ta' kif il-gvern ser jagixxi fil-konfront ta' din
l-espressjoni ta' interess specifikament relatata mall-importazzjoni tal-frott.

Il-GRTU qeghda titlob ukoll sabiex
jergghu jsiru laqghat ma l-istakeholders kollha qabel ma
tittiehed decizjoni finali.

Packaging
waste compliance – The lack of Enforcement by MEPA
Enforcement Directorate led by whoever was responsible prior to March 8th was
rampant. From January 2012 right up to the eve of this year's March Elections. It is not usual for GRTU to write
about the past, but this is one instance where we truly feel that Bona-Fide
importers, traders and manufacturers should know nothing less than the truth.

By the end of 2010, the two
Authorised schemes, Green MT & Greenpak (now Co op) had just over 400
producer members financially backing the schemes and duly registered with MEPA.
Green MT had 120 members who declared a market placement of 11,600 tons whilst
the remaining were Greenpak's members and placed just over 11,900 tons of
packaging waste in the market.

By mid 2010, Green MT had legally
complied to its obligations both under MEPA permit conditions and those imposed
by the Legal Notice 84 of 2010 (Eco Contribution Exemption Regulations).

Green MT was obliged to recover just
over 6000 tons of packaging waste whilst Greenpak recovered just over 6100
tons. Under instructions from Government, Green MT continued its logistical
operations across 41 local Councils (at the time) and recovered over 14,100
tons by the end of the calendar year.

Green MT entered into discussions
with Government and the Authorities to make sure that operation in the
subsequent years would be sustainable and an agreement would be reached over
excess tonnage collected in 2010.

After months of continued discussions
with all stakeholders, it was decided that MEPA issues a circular to all
defaulting producers (all those who were not members and neither self
compliant) to join a scheme by end May 2011 and in the process were liable for
fines and administrative penalties at Euro 100 per ton of market placement as
from January 01, 2010.

It was this circular that awakened
producers who flocked to join both Authorised Schemes and also signed
"Settlement Agreements" with MEPA. Scheme members by end of 2011 increased from
just over 400 to over 2600. MEPA issued over 1200 penalties amounting to
hundreds of thousands of Euros, many of which were paid. A number were
contested legally and we are informed are still pending to date.

Then all of a sudden, the Enforcement
which was so ably handled by the Compliance Unit was transferred to the
Enforcement Directorate.

From January 01, 2012, schemes and
Bona-Fide traders started an uphill struggle. All files relating to Enforcement
were forwarded to the Enforcement Directorate. They did not comprehend the
massive task that hit them overnight. We are informed that by June of 2012
employees were still taking the files out of the boxes they had been delivered
in. By the end of the year no enforcement took place. We are told a number of
penalties amounting to Euro 96,000 were prepared and never issued. We are told
they were awaiting legal advice.

In the meantime word spread around
that as an election vote catching gimmick no enforcement was taken seriously
and no penalties were issued at all. Suddenly there were traders and companies
who informed schemes that they were no longer importing and as thus requested
de-registration. So now members were on the decrease too.

To add insult to injury this shambles
of an Enforcement Directorate continued on the same path till the eve of the
election. Questions asked by Green MT in relation to data of defaulters, self
compliant, free riders, requested in mid 2012 were only answered on 7th March
at 5.08pm. Truly and disgustingly unbelievable.

For this reason alone, whoever led
this Enforcement Directorate should be sacked overnight for blatantly breaching
the Aarhaus Convention.

The mess resulting form lack of
Enforcement has led to unsustainable operations and the creation of a black
market economy in the sector, i.e. buying of recycling certificates which is
not the acceptable norm amongst other charades.

GRTU, who today still runs its own
subsidiary Green MT wants answers to this mess created by the Enforcement
Directorate since January 01, 2012.

Matul dawn l-ahhar sena u nofs, il-Kunsill Lokali tar-Rabat
(Malta), hadem bla heda biex iwettaq progett ambizjuz fi Triq Santa Rita u
Misrah San Katald.  Dan il-progett wassal għal diversi laqghat u bosta
diskussjonijiet, ma' entitajiet, awtoritajiet, dipartimenti tal-Gvern u ohrajn
fejn dan  wassal għal diversi għazliet u decizjonijiet li kellhom
jittiehdu.  Dan il-progett ser jibda fil-jiem li gejjin. 

F'diversi laqghat kordjali
li saru bejn Ufficcjali mill-GRTU u s-Sindku tar-Rabat gie diskuss fid-dettal
l-progett ta' tisbiegh fi Triq Santa Rita k/m Triq Emmanuele Vitale. Ix-xoghol
fuq dan l-progett ser jibda f'Settembru u fost affarijiet ohra ser jikkonsisti
f'tisbiegh ta' bankini, toroq u parkegg. 
L-iskeda tax-xogħol  ser
isir fi stadji bi Triq Santa Rita
tibqa' aċċessibbli għat-traffiku f'kull hin. Il-proġett ser jibda minn fejn
l-għassa tal-pulizija u jispiċċa fi Triq Santa Rita k/m Triq Emmanuele
Vitale. 

Il-GRTU insistiet li matul
l-process tax-xogholijiet s-sidien
tal-ħwienet jibqgħu jahdmu u moqdija kif prezentament qeghdin u jrid
jitħalla aċċess ghas-servizzi mehtiega minnhom.  Jitpoġġew platforms
sabiex
il-konsumaturi jkollhom aċċess għall-ħwienet minghajr ma jkunu
f'periklu.  L-iskop huwa li kemm jista' jkun
tiġi mnaqqsa l-inkonvenjenza.  Il-GRTU talbet sabiex jsiru
l-arranġamenti neċessarji ma'  l-entitajiet kollha
involuti sabiex ix-xoghol isir bi pjan ghaqli u efficcjenti.

Il-Kunsill nforma li sakemm qieghed isir l-progett l-bejjiegħa tal-monti ser jaghtu is-servizzi taghhom min tal-Plieri bit-tilar
flimkien mal-vann jew trakk tagħhom.  Il-Kunsill Lokali tar-Rabat ser
jiprovdi servizz ta transport, minn misraħ il-parrocca għal tal-Plieri sabiex
jaqdi lir-residenti u jghin lill-bejjiegħa. 

Nifhmu li kulhadd irid jaghti s-sehem tieghu.  Dan
il-progett irid ikun lest fl-ewwel xhur tas-sena d-dieħla minghajr ma jkun ta
wisq inkonvenjent.   Il-GRTU flimkien mall-Kunsill Lokali tar-Rabat
ser ikomplu jaħdmu bi sħiħ fuq progetti simili, bil-għan li tkompli titjieb
il-ħajja tar-residenti, l-komunita kummercjali u tkompli tinghata spinta
lis-settur turistiku fil-Lokal.

Il-GRTU tiehu l-opportunita' sabiex tirringrazzja lis-Sindku
u lill-Kunsill Lokali tar-Rabat tal-laqghat kordjali li saru mall-GRTU flimkien
mall-membri taghha sabiex dan il-progett jkun jista jsir.

The newly set
up GRTU Arms Dealers Section (ADS) is thriving to upgrade the regulatory
framework regarding dealers of weapons and ammunition in Malta, as well as
harmonizing the 91/477/EEC (Arms Directive) which is still in direct conflict
with Maltese Law in various aspects.

Following
talks held with the Commissioner of Police, the ADS has made substantial
proposals to the Commissioner of Police, who is responsible for the Ballistics
Office, as well as to the Weapons Board, which is chaired by Brigadier Maurice
Calleja.

One of
the main bones of contention relates to Legal Notices 75 and 76 of 2013, which
came into force on the 26th February 2013 after several months of discussions
with the outgoing Weapons Board. The changes introduced by these Regulations
were greatly welcomed by the entire community of shooters, collectors, range
operators and dealers.

Nonetheless the
ADS has been informed that L.N. 75 of 2013 is to be repealed, and replaced with
an all new set of regulations. The ADS strongly believes that this Legal Notice
contains provisions that are vital to all stakeholders and any changes could
very well compromise the important progress that has been made. It is yet
unclear what changes the Commissioner of Police would like to make.

The ADS
has however welcomed the Commissioner of Police's commitment to overhaulthe
current Import License system that is archaic and obsolete when compared to
other EU countries. Nevertheless the Commissioner insists that he wants to
introduce a capping quantity for dealer's sales over the previous year. The ADS
opposes this unwarranted controlling procedure.

The use
of Import and export licenses for intra-EU trade goes against EU regulations.
These instead establish the EU transfer form ("prior consent form") as the only
document to be used for intra-EU trade. Article 11(3) of 91/477/EEC (Arms
Directive) stipulates that Member States may issue an authorization valid for
three years that covers the transfer of firearms from/to all 28 Member States.
Quantities, values and serial numbers need not be stated. Imports from Third
Countries would remain subject to a Trade Import License that is issued by the
Director of Trade Services after Police approval. In this case too dealers
oppose the introduction of quotas.  The
ADS opines that any applications with abnormally large quantities should be
dealt with directly with the applicant rather than with blanket limitations on
all dealers.

Currently
all exports irrespective of whether to EU Member States or otherwise are
subject to Police and Malta Foreign Affairs approval prior to the issue of an
Export Authorization by the Director of Trade Services. In the case of intra-EU
trade this is again in breach of the EU Directive: only an EU transfer form
should be used in such cases.

With
regards to exports to third countries, it is the Director of Trade Services
that must issue the export authorization after receiving Police and MFA
clearance. This is what is being done at present. This procedure is generally
applied to exports to approved Private Maritime Security Companies (PMSCs) for
anti-piracy operations and is in full conformity with our international
obligations.

All this
uncertainty is substantially prejudicing Maltese Arms Dealers' business. These
entrepreneurs have sought to adhere to their very tough legal framework and
have even succeeded in attracting business to the island. Continued delays
however are undermining our country's credibility with serious clients.

The GRTU
endorses Government's initiatives aimed at building upon and improving existing
legislation while cutting down on red tape, however any measures need to be
made for a better future and only after serious consultation with the GRTU's
ADS.

On the 25th of September the European
Commission published the 2013 Edition of the report called Member States'
Competitiveness Performance and Implementation of EU Industrial Policy –
Industrial Performance Scoreboard. The purpose of this annual report is to
review and compare the industrial performance and policies of the EU as a whole
and of individual Member States. This report therefore gives a fairly detailed
account of how each Member State is fairing in its approach to the private
sector.                                                               

The foreword to this report by
Commission Vice-President Tajani states ‘Growth and employment can only be
achieved through competitive enterprises. The task of policy-makers is to
create an environment where entrepreneurs can fulfil their ambitions and
contribute to a sustainable and balanced growth of our economies.'

The report outlines how badly
Malta is fairing in this. The report is indeed very stark and outlines sharply
how poor the environment of doing business in Malta is. This leads us to think,
have the initiatives that looked so good on paper such as the Business First
and reducing administrative burdens really worked as successfully as policy
makers say? On the other hand GRTU is skeptical to rely 100% on the results of
this report as we believe that the comparable data available might not have
been the best to represent what is really going on in Malta. This however sheds
light on another problem. The authorities need to give importance to the way
their efforts are measured and ranked as the results we end up with are truly
unnerving. We do however feel that to a large extend the findings of the report
represent the sentiment of GRTU and its members. We do feel that Malta is not
attractive to do business and that local SMEs have a hard time dealing with the
bureaucracy and the high operation costs in Malta.

The report placed Malta in the
‘Moderate Cluster' of EU states, where Malta was grouped with Cyprus, Greece,
Italy, Portugal and Slovenia.  This
group, according to the report, "performs well in some competitiveness areas
but face difficulties and deterioration in others". It also outlines that
‘productivity growth has lagged behind the euro-area average over the past
decade and has been notably weaker than in the other ‘new' Member States. These
are very negative results for Malta but let's go into a bit more into detail
into the negative and the lesser frequent positives:

Malta has
already exceeded its Europe 2020 targets on research and development, however
here one should point out that Malta's target was set very low , one can even
call it unambitious. Malta however also lags behind in R&D performed by
businesses. In terms of innovation, Malta was placed in the six-worst position and
had fared better than only Lithuania, Poland, Latvia, Romania and
Bulgaria. Along the lines of people with
high qualifications being employed in manufacturing, Malta had improved
slightly between 2006 and 2011 but its level of roughly eight per cent was far
below the EU 20 per cent average.

Malta lags
severely behind the EU average on Labour productivity per hour worked and
person employed, the same stands for the percentage of employees in
manufacturing with high educational attainment and the number of graduates in
mathematics, science and technology.

On a positive
note, Malta is the leading Member State in share of high-tech exports of total
exports, however at the same time it is the State at the far end on exports of
environmental goods as a percentage of all exports of goods.

Malta fairs
very badly in the time required to start a business with the EU average being
around 14 days and in Malta averaging around 40 days. The same goes for the
business environment in Malta. In fact Malta was ranked in the EU's last place
in terms of the country's business environment.
The EU as a whole had slightly improved upon its business environment
and the rankings were led by the UK, Ireland, Denmark, Sweden and Finland.
Malta is the second Member State with the highest cost of electricity for the
private sector, surpassed just by Italy.

We are doing
very well in the percentage of broadband lines with speed above 10 MBps Malta
is also doing very well in burden of government regulation and even
e-government usage by enterprises is somewhat positive Access to bank lending
for SMEs is also seen as positive but this is something we are a bit sceptical
about.

In its conclusion the report stated
that Malta continues to withstand the impact of the international crisis
relatively well. Given the large size of its financial sector and the high
exposure of domestic banks to the real estate sector, maintaining financial
stability remains crucial.

In terms of structural reforms,
medium and long-term sustainable growth will depend on the successful move to a
more knowledge-based economy, further improving skills and the utilisation of
human capital, and adopting more ambitious R&D targets.

Investment plans for improving the
energy supply are encouraging as they promise to reduce dependency, improve
cost competitiveness and boost efficiency. Policy measures to address the
challenges involved in meeting climate and renewable energy targets need to be
maintained and stepped up. Efforts to implement the Small Business Act with the
support of the business community, a large majority of which are SMEs, should
be maintained.

GRTU would like to extend to
you an invitation for a half-day seminar on Tuesday 8th October  2013 at the Intercontinental Malta. The cost
of the seminar is of €20 and to register kindly send an email on .

 

The Agenda will be as follows:

08.30     Registration and Welcome Coffee

09.00     Welcome Address and Introductory
Speech – MAFE President Mario Duca

09.15     Opening Speech – The Hon Minister Dr.
Chris Cardona

09.30     A European Union Perspective on Family
Businesses – Dr. Johanna Drake, Director, Promotion of SMEs compete     tiveness DG Enterprise and Industry,

09.50     Legal and Tax Implication of the
Family Business Act – Dr. Jean Philippe Chetcuti, Managing Partner at Chetcuti    Cauchi
and Secretary of the Malta Association of Family Enterprises

10.15     Banking and Financing Perspectives –
Mr. Albert Frendo, Chef Officer Credit BOV p.l.c.

10.45     Networking Coffee Break

11.15     Family Business Developments – Mr.
Darius Movaghar  Policy Advisor from the
European Family Businesses, Brus    sels

11.40     Breaking up into 4 discussion groups
with each Group discussing a specific area.

           Group A: Definition of the term ‘Family' for
the objective of a Family Business

           Group B: Who is to be considered as a ‘Family
Business'

           Group C: Succession and Family Governance

           Group D: Education and Training of Family
Businesses

12.20     Presentation of points raised by
Group Moderators

12.40     Round-up presentation on points
raised.                              

12.50     Closing Address by Mario Duca MAFE
President