Friday, September 30, 2016

Rights of public, investors should be safeguarded at all times - Malta Chamber

The Malta Chamber of Commerce, Enterprise and Industry appealed to the government today to ensure that the rights of the general public as well as those of present and prospective investors are safeguarded at all times.

In statement, the chamber said it has been following the development of events at Manoel Island and, while refraining from entering into the legal merits of the case, it considers as unacceptable any action of forced entry or the taking of the law into one's own hands. A democracy such as ours provides for legal remedy should rights be considered to have been violated, the chamber said.

The foreshore, as defined at law, is unquestionably public domain yet by no means does this entitle one to violate private property rights so as to access such foreshore. If this were the case then a number of establishments would be faced with the same situation as that arising at Manoel Island. It is important for the rights granted by Government to the private sector to be protected.

MIDI plc is a public interest company, which is listed on the Malta Stock Exchange and with no less than 6000 persons as bond or share holders be these large or small investors.

The chamber therefore strongly appealed to the government to ensure that the rights of the general public as well as those of present and prospective investors are safeguarded at all times.



from The Malta Independent http://ift.tt/2dK8n27
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