Date : 20 November 2009

News Brief : Ganado & Associates, Advocates in collaboration with ifs Malta have launched the first in a series of books on Maltese Financial Services Laws. This comprehensive publication offers a guide of the relative local legislation to help the reader understand in a clear and straightforward manner the financial services laws applicable in Malta.

News Text : The book provides an introductory review of a number of important aspects, ranging from the laws of contract, trusts and corporate structures to the laws of confidentiality, taxation, regulation, national interest, data and consumer protection. Besides being of benefit to Maltese students and practitioners alike, the publication also provides an international operator looking at Malta as a place of business within the European Union, with a viewpoint on what Malta has to offer as it takes up the challenge of becoming an international centre for financial services.

The publication is edited by Dr. Max Ganado and produced by Ganado & Associates, Advocates and ifs Malta. Similar publications dealing with other aspects of financial services laws are also planned to be published in the future.

Dr Andre Camilleri, Director General of the Malta Financial Services Authority, also spoke at the launch, highlighting the importance of having a sound legislative and regulatory infrastructure and professional human resources in the development of Malta’s financial services sector and commended Ganado & Associates, Advocates and ifs Malta for taking this initiative.

Also speaking during the launch was Dr. John Consiglio, currently University lecturer and occupying a judicial capacity as Chairman of a local Tribunal and former ifs Malta President and banker for over 40 years. Dr. Consiglio gave an extensive overview of the book, in which he highlighted its values from the historical context of legal publishing by the ifs in Malta, the book benefits from both a practical and academic perspective, the very broad span of areas which it covers, and it places as the first of an intended series of some four books in this area now so important in the Maltese economy.

Dr Ganado said that “producing this series of publications was perceived a while ago as it was considered necessary in light of the changes and developments that had taken place in the dynamic Maltese financial services sector. Although a daunting task that required considerable time and effort and a firm commitment from all those involved, it is with great satisfaction that this publication is being launched.” Dr Ganado stated that the accompanying website is an important part of this publication as it will be used to interact with readers, provide updates and other relevant information and added that work has already begun on other books in the series.

President of ifs Malta, Joseph Abdilla, said: “it is a privilege to be collaborating with Ganado & Associates (Advocates) on the production of this series of publications, as it contributes to fulfilling the Institute’s objectives of promoting education and fostering professional development in financial services”. Mr Abdilla thanked everyone associated with this project and concluded by saying that “the results of this work will benefit the Maltese financial services sector for years to come”.

Distribution outlets for this publication include: Word for Word, Castille Place, Valletta; ifs-Malta, 60, G’Mangia Hill, Pieta (Tel: 2124 0335) and other leading booksellers, whilst Allied Newspapers Limited were mainly involved for the publishing, distribution and selling.

For further information and enquiries visit:
www.maltafinancialserviceslaws.com.mt

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