Issue link: https://maltatoday.uberflip.com/i/1016519
7 maltatoday | SUNDAY • 19 AUGUST 2018 NEWS COURT NOTICE The Registrar, Civil Courts and Tribunals notifies that the First Hall of the Civil Court ordered the sale by Judicial Auction of the following property to be held in the corridors of the Courts of Justice, Republic Street, Valletta. Date Time Judicial Sale No Property 13th September 2018 11.00am 33/17 - EGL HSBC Bank Malta plc. C3177 vs Dr. Martin Fenech et. noe Flat numbered 7 in Block A, at 'level six' forming part of a complex named 'Garden Apartments', in Triq il- Port Ruman, Qawra. Included with the apartment is the undivided share pro-rata of the common parts including the entrance door, the entrance, the stairs, entrance hall, stairs to the roof , the lift and its shaft and the water and drainage system, subject to the rights and servitudes due to its relative position. The property is free and unencumbered, with all the necessary permits valued at €240,000. 18th September 2018 10.30am 11/17 - JGL Maria Dolores Caniglia noe. ID 700960M vs Dr. Joseph Ellis et. noe Property numbered 24 in Triq l- Oratorju, Hal Qormi on the first floor with its own airspace overlaying a third party garage with all its rights and appurtanances. The property is free and unencumbered valued at €75,000. 20th September 2018 10.30am 22/17-AZ Theresa Suban ID 295040M vs Mario Schembri et. Field known as 'Ta Buqana', limits of Rabat valued in an agricultural zone outside the development zone valued €22,100. 25th September 2018 11.30am 36/15 -EGL Bank of Valletta plc. C 2833 vs Dr. Yana Micallef Stafrace et noe. Flat internally marked number 3 situated on the third floor (third floor), within a block of buildings named 'Eastbourne' in Triq il-Kaħli, Buġibba limits of St. Paul's Bay, including with the flat there is the undivided share of the parties that are intended for the common use of the block valued at €140,500. Flat internally marked number 4 situated on the fourth floor ,within a block of buildings named 'Eastbourne' in Triq il-Kaħli, Buġibba limits of St. Paul's Bay, including with the flat there is the undivided share of the parties that are intended for the common use of the block valued at €170,500. The penthouse internally marked number 5 situated on last floor (fifth floor), within a block of buildings named 'Eastbourne' in Triq il-Kaħli, Buġibba limits of St. Paul's Bay including the overlying airspace and also the undivided share of the parties that are €250,000 The above properties all forming part of a block of four flats and overlying penthouse. The said block is overlying the ground floor tenement and its named 'Ziggies Snack Bar and Restaurant', in Triq il-Kaħli, Buġibba limits of St. Paul's Bay and is subject to its pro rata share of the annual and perpetual sub ground rent of €116.47 payable yearly in advance on the first (1st) day of June, and which is revisable on the lapse of 50 years to be reckoned from twentieth 20th January, 1967 and subsequently on the lapse of every 50 years together with the active and passive servitudes resulting from its position, otherwise free and unencumbered. The said block is bounded on the North by the said street, on the West by property of Carmelo Abela or his successors in title and on the East by property of Joseph Borg or his successors in title The said block of flats and the underlying tenement are built on a divided portion of land forming part of lands known as 'Ta' Wiċċ l-Abjad', in the district of 'Tal-Erbgħa Imwieżeb'. 27th September 2018 10.30am 18/17 -EGL Rev. Dun Karm Busuttil ID 488059M vs Joseph Zammit ID 685647M Garage numbered 2 that can be accessed from a common driveway forming part of an unnamed and unumbered block accessible from Triq Wied il- Għajn, Żabbar. The garage is subject to an annual rent of €500 and valued at € 9,500. Garage numbered 14 with its own airspace that can be accessed from a common driveway forming part of an unnamed and unumbered block accessible from Triq Wied il- Għajn, Żabbar. The garage is subject to an annual rent Each property marked (a) to (k) in this advert includes an undivided share and access to the common parts,including the drive way,hall entrance,common ramps,and common stair wells. Store numbered 1 forming part of an unamed and unumbered block accessible from Triq Wied il- Għajn, Żabbar. Presently the property is rented at the rate of €300 monthly as a shop named 'Aurora Bar'. In the rent fee the rent of garage 17 is also included. The property is valued at € 50,500. Half undivided share of a store numbered 2 forming part of an unnamed and unumbered block accessible from Triq Wied il- Għajn, Żabbar. Presently the store is rented as a shop named 'Burn Out' with a rent of € 780 every three months. The rent fee also includes the rent of garage 16. The store underlays property of third parties and has a direct access to garage numbered 16. This undivided share is valued at € 22,375. Garage unnamed and unumbered underlaying property of third party in Triq Ġanni Bonavia, Haż Żabbar valued at €137,000. Further details can be obtained from the website: http://www.justiceservices.gov.mt/courtservices/JudicialSales/search.aspx The bidders taking part in the auction must present their identity card. Rudolph Marmara' For the Registrar of Civil Courts and Tribunals The Registrar, Civil Court be held in the Date Time Judicial Sale 13th September 11.00am 33/17 - EGL HSBC Bank C3177 vs Dr. Martin noe 18th September 10.30am 11/17 - JGL Maria Dolores noe. ID 700960M vs Dr. Joseph 20th September 10.30am 22/17-AZ Theresa Suban ID 295040M vs Mario Schembri 25th September 11.30am 36/15 -EGL Bank of Valletta C 2833 vs Dr. Yana Stafrace et 27th September 10.30am 18/17 -EGL Rev. Dun ID 488059M vs Joseph Zammit ID 685647M 27th September 10.30am 18/17 -EGL Rev. Dun Karm ID 488059M vs Joseph Zammit ID 685647M Further details http://www.justiceservices.gov.mt/courtservices/JudicialSales/search.aspx The bidders Rudolph Marmara' MATTHEW VELLA A lobby acting for coun- tries involved in the lucra- tive sale of citizenship and 'golden visas' has defended Malta's Individual Investor Programme's reputation over statements from Brussels to prepare stringent guidelines on the sale of EU passports. The European Commission- er for Justice Věra Jourová announced her intentions to bring forward a report on citizenship-by-investment to the Autumn, which will seek to issue new, more stringent guidelines, believing that the granting of citizenship poses a serious security risk. The Commissioner said Brussels was preparing to crack down on EU govern- ments, including Malta and Cyprus, that award citizen- ships to rich people from out- side the bloc, over concerns of so-called dirty money from Russia. Jourova said eight member states will come under tough- er scrutiny from Brussels as part of a wider drive against money laundering and cor- ruption. She also mentioned her wor- ries about the origins of the wealth of Russian applicants for Maltese citizenship. "In cases of any doubt, a person should not have the privilege of citizenship," Jourova told the Financial Times. "We have no power to ban such a practice but we have an ob- ligation to put high require- ments on the member states to be careful. They are grant- ing citizenship for the whole of Europe." But the Investment Migra- tion Council, a lobby repre- senting the business of sell- ing citizenship, disputed her claims. "The IMC shares and under- stands the Commissioner's concerns in respect of the se- curity of EU citizens [but] the governance, due diligence and transparency of applicants under the Citizenship-by-In- vestment provisions in Aus- tria, Malta and Cyprus – the three most active countries in the EU in this field – are not a security threat to the EU, given that very strict due dili- gence procedures and back- ground checks on applicants are in place in those coun- tries," CEO Bruno L'ecuyer said. Around 700 to 1,000 pass- ports are sold by EU member states every year to so called 'high net worth individuals'. The IMC says this represents 0.1% of the 994,800 people who obtained an EU citizen- ship in 2016. But the sale of passports remains controversial: in Malta, the sale of a passport for €650,000 comes with the mandatory acquisition of a property and government stocks, factors which critics say have driven up property prices. The IMC said it will seek a meeting with Jourová to show her the security measures in place "and highlight the soci- etal impact the industry has on local economies and their citizens." " C i t i z e n s h i p - b y - I n v e s t - ment applications are vetted against current EU anti-mon- ey-laundering and financing of terrorism legislation and must adhere to legal and reg- ulatory obligations that indi- vidual EU states have adopted in line with EU law. It ensures the highest levels of corporate governance and due diligence is in place to prevent any se- curity concerns," L'ecuyer said. Malta's sale of citizenship was praised by Peter S. Vin- cent, a director of the border management think-tank Bor- derpol and Thomson Reuters Special Services general coun- sel, who said the IIP "could become the standard industry model not just for the EU but globally, in terms of commit- ment to governance." "Having been exposed to the industry for a few years now, I can honestly say that as a former security and counter- terrorism professional, the citizenship by investment programs of the EU are not a security threat to the Europe- an Union," Vincent said. The IMC's chief executive said programmes such as the IIP, which contributes a direct percentage to Malta's annual budget as well as a posterity fund, "permits governments, particularly of smaller coun- tries, to reduce deficits and invest in vital infrastructure to diversify and future-proof their economies." Similar citizenship schemes to Malta's also exist in Cy- prus, Austria, Greece, Hun- gary, Latvia, Lithuania and Portugal. Jourova said that member states are free to set their own criteria for citizenship, but the Commission is ex- pected to fault government schemes for not carrying out enough due diligence on ap- plicants and the sources of their wealth. Jourova said she was es- pecially alarmed by Malta's scheme, in which an indi- vidual can gain citizenship in return for a €650,000 con- tribution to the country's development fund and the purchase or lease of property, as well as investments of at least €150,000 in stocks and bonds. Family members can be added for an additional fee of €25,000 to €50,000 per per- son. "It is a big concern when a Russian citizen who has worked his whole life in mid- dle or senior management – where salaries aren't very high – suddenly has the money to buy citizenship in Malta," the Passports- for-sale lobby defends 'Malta standard' European Commissioner Véra Jourová (left) speaking to IIP agency CEO Jonathan Cardona commissioner said. Malta's scheme, in place since 2014, has brought €590 milion to the country from more than 700 investors, ac- cording to Identity Malta. The list of the global elite brought to Malta includes Boris Mints, the Russian billionaire owner of investment company O1 Group, and Arkady Volozh, the founder of Yandex, Rus- sia's biggest search engine. mvella@mediatoday.com.mt