Dr Michael Tanti-Dougall, Senior Partner at Tanti-Dougall & Associates, Advocates was guest speaker at a seminar entitled ‘Chasing Debts and Ethics‘, organised by the Malta Institute of Management (MIM) on June 25, 2012. The successful seminar which was well attended by participants hailing from the banking, credit institutions, insurance, business, legal, accountancy and management sectors, was held at the Malta Financial Services Authority (MFSA).
Dr Tanti-Dougall‘s presentation entitled ‘Are The Remedies For Debt Collecting Always Worth Pursuing?‘, addressed various legal issues relative to debt collecting with reference to practical examples, in particular the credit terms that should be carried on invoices, certain judicial remedies including the many warrants available such as the warrant in factum, the warrants for the arrest of a vessel or an aircraft, the warrant of seizure of a commercial going concern, the special procedure in respect of certain unopposed claims as contemplated under Article 166A for the recovery of a debt which must be certain, liquidated and due, not exceeding Euro 23,293.73, the implications of the EU Late Payment Directive on interest due for late payment of a debt as well as the applicability of mediation process through the Malta Mediation Centre to arrive at an agreement with a debtor on outstanding amounts. Dr Tanti-Dougall provided the participants with an insight on the consequences of delaying payment practices adopted by certain members of the business community as well as by Government entities which practices tend to give rise to liquidity problems for traders.
Other speakers at the seminar were Vincent Borg, Senior Manager, HSBC Bank Malta, whose presentation was on ‘Debt Collection – The Benefits of Invoice Finance ‘ and Dr Claudine Zarb, Associate at BCGL Advocates, with a presentation on ‘Debtor Chasing – your legal rights and limitations ‘.