Gov­ern­ment signs lease agree­ment with In­ter­na­tional In­sti­tute for Jus­tice and Rule of Law

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

Malta Independent - - NEWS -

A lease agree­ment was signed on Thurs­day by the Gov­ern­ment of Malta and the In­ter­na­tional In­sti­tute for Jus­tice and Rule of Law.

This will lead to the IIJ to move to a per­ma­nent home at the Birgu Armoury, built by the Knights of St. John and used for dif­fer­ent pur­poses dur­ing the years. The IIJ will move in af­ter the com­ple­tion of ex­ten­sive ren­o­va­tions, es­ti­mated at mil­lions of eu­ros, the greater part of which is be­ing fi­nanced by the United States of Amer­ica.

The IIJ was con­ceived dur­ing meet­ings by min­is­ters and se­nior of­fi­cials of the Global Counter Ter­ror­ism Fo­rum, an or­gan­i­sa­tion of about 40 coun­tries from around the globe.

The lease agree­ment was signed in the pres­ence of Min­is­ter for For­eign Af­fairs, Dr Ge­orge W. Vella, the Am­bas­sador of the United States of Amerika, Glenna Kath­leen Hill and the Am­bas­sador of Turkey, Reha Ke­skin­tepe, by Robert Srang, Ex­ec­u­tive Sec­re­tary of the IIJ; Peter Mamo, Direc­tor of the Gov­ern­ment Prop­erty Depart­ment on be­half of the Gov­ern­ment of Malta and Joe Borg Bar­tolo, Le­gal Coun­sel of the IIJ. The Malta Cham­ber of Com­merce, En­ter­prise and In­dus­try ap­pealed to the gov­ern­ment yes­ter­day 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 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.

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