Family Business Insights
Malta Conference Explores Business Transfer In A Cross-Border World
This news service joins experts from across the globe to discuss Malta's newly-minted Family Business Act and the issue of business transfer.
Malta, the jurisdiction which holds the rotating presidency of the European Union, today showcases in a conference its recently enacted Family Business Act, legislation designed to encourage owners to choose the country to conduct and transfer business. This news service is taking part in the conference, held in Valletta, the capital.
Taking effect from the start of January 2017, the Family Business Act is designed to assist family businesses to achieve continuity between generations as well as clarify the sector. The scope of the Act covers the regulation of family businesses, their governance and the transfer of family business from one generation to the next. It seeks to encourage and assist family businesses to enhance their internal organisation and structure with the aim of effectively operating the business, and working towards successful succession. Central features include a formal definition of what constitutes a family business, and who should be considered in terms of family membership and governance. (To read more about the act and its significance, see here and here.)
The whole subject of business transfer, and the issues that arise around it, will be discussed at the conference. Stephen Harris, chief executive of ClearView Financial Media, publisher of this news service, is speaking on a workshop on the subject of “successions within family businesses”, while your correspondent will be reporting on the conference and, in particular, a workshop around the topic of cross-border business transfers.
The conference, organised by the Maltese government in conjunction with the European Commission, also features speeches by Christian Cardona, minister for the economy, investment and small business and SME envoy; Nadine Lia, regulator for family businesses, Malta; and Joseph Muscat, Malta's prime minister. Other speakers are drawn from universities, research institutes and business schools from around the world.
To view a weblink providing live streaming videos and other
content about the event, click on this link: http://
A report on this conference will appear on this news service in due course.
