Malta

Floriana, Malta

Thursday 14 February 2013
13:30 - 17.00

Grand Hotel
18 Dawson Street Excelsior
Grand Siege Road
Floriana, FRN1810
Malta

Information

On Thursday, 14 February 2013, the European Commission Representation in Malta together with the Malta Association of Credit Management, hosted a seminar in Floriana at the European Commission Representation in Malta on the issue of late payment and the application of a new European directive to tackle the problem.

This directive is an important legal development for businesses, particularly SMEs, and public authorities in Malta and across the EU. It puts in place strict time-lines and tough penalties for payment between businesses, and between businesses and public authorities, and will be transposed into Maltese law by LN277/2012

The seminar provided participants with an opportunity to learn more about the problem of late payment and the new measures being put in place to address the issue. It included presentations from Mr. Martin Bugelli, Head of the European Commission Representation in Malta; Dr. Louis Bianchi, President of the Malta Association of Credit Management (MACM), Ms. Idaira Robayna-Alfonso, Legal Officer of the European Commission's Directorate-General for Enterprise and Industry; Mr. Josef Busuttil, Director-General of the Malta Association of Credit Management (MACM); Mr. Charles Xuereb, Chief Financial Officer of Simonds Farsons Cisk Plc; and Mr. Herald Bonnici, Director-General (Financial Policy and Management) at the Ministry of Finance, the Economy and Investment.

This campaign is funded by the European Commission’s Directorate-General for Enterprise & Industry and is part of the European Commission’s ongoing commitment to promoting economic growth and European business.

Materials

Information Sheet and Agenda pdf - 875 KB [875 KB]