Issue link: https://maltatoday.uberflip.com/i/373141
maltatoday, SUNDAY, 31 AUGUST 2014 News 15 COURT NOTICE The Registrar of Civil Courts and Tribunals informs that the Civil Court, First Hall ordered the following sales by auction: Date and Time Place Items 22 nd September, 2014 10:00am - 12/2014 JGL KW 38, CORRADINO INDUSTRIAL ESTATE, PAOLA Cherry Picker coloured orange with the words RAMIRENT, Compressor Model 6125N 10A coloured blue with serial number F143/0956 of year 1996, Compressor Model 6125N 10A coloured blue with serial number F143/0957 of year 1996. 24 th September, 2014 9:30am - 19/2014 EGL KALKARA MARINA, XATT IL-KALKARA, KALKARA Yacht named M/Y Unipride with white and blue hull and with the words written on the side Offshore 36 with Suzuki motor 6hp and a small dingy. 29 th September, 2014 10:00am - 18/2014 PP 447, TRIQ IL-KBIRA SAN !UZEPP , SANTA VENERA Slicer machine, fridges, mincer, cheese grater, vegetable slicer, fridge cupboards, stainless steel cupboards, frying pans, pans, trays, sink units, microwave, hanging cupboards, stainless steel table, grill, digital scale, hobs, cupboards stainless steel, chip pans, hot plate, chairs, televisions, tables and other various items. 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 Civil Courts and Tribunals GlobalCapital to exit financial advisory business JURGEN BALZAN THE financial services provider Glo- balCapital is exiting the investment and advisory sectors, to concentrate solely on its core insurance business. GlobalCapital operates principally in insurance, investment and prop- erty services, however in its interim statement issued this week, the com- pany said that in line with the group's strategy to focus exclusively on its core insurance business, "Global Capital PLC will, subject to regulato- ry approval, be exiting its investment and advisory business." The group said this change in direc- tion would strengthen its turnaround within the established timeframe. The company registered a loss be- fore taxation of €966,897 for the first six months of 2014, compared to a profit of €65,541 for the same period in 2013. Stockbroker Paul Bonello, who as- sisted former clients of Bank of Val- letta's La Valette multi-manager property fund in recouping millions of euros lost in investments, said the financial regulator should not allow any winding-up before GlobalCapi- tal honours directives to compensate clients. Bonello, of Finco Treasury Man- agement, has represented clients "Naturally everyone is entitled to cease a business. GlobalCapital no less. However, investment services to the retail general public is a regulated activity, and it should not be accept- able that the moment one becomes inundated with client complaints and starts being sued there is a resort to the quick solution of selling out or liquidation," Bonello, of Finco Treas- ury Management, said. Bonello has represented clients who claim they were mis-sold com- plex financial instruments by Global- Capital. "We have already had the case of All Invest where the company attempted to short-circuit complainants with a petition for bankruptcy. In my opin- ion, MFSA as regulator ought not to consent to GlobalCapital winding up or selling its investment business without having first honoured rulings already issued by MFSA in favour of complainants for compensation for misselling and which to date have re- mained defiantly ignored. "Likewise, GlobalCapital ought first to deal orderly with the outstand- ing numerous complaints against it as well as the various litigation in progress. Only then can GlobalCapi- tal morally merit the right to exit in- vestment services." GlobalCapital said that from early June 2014, an aggressive transforma- tion plan has been targeting stable growth and sustainable profitability. Malta's financial services industry has been rocked by consumer com- plaints, particularly in cases where retail clients were sold complex fi- nancial instruments. Last week, an Attard couple filed a judicial protest against All Invest and owner Wallace Falzon, as well as his relatives, accusing him of transfer- ring the company's assets to a family trust in a bid to avoid financial claims over investment breaches. New legal notice on student data 'enhances safeguards on use of data' A new legal notice on the collec- tion of student data has introduced important safeguards on how the data collected is to be utilised, ad- dressing concerns raised by educa- tion professionals and parents on the rights of students, and mini- mising risks of the data being col- lected abusively. Legal Notice 76 of 2014 sparked uproar by granting the Education Minister direct access to student data, a point that has now been addressed through the new legal notice. The new legal notice now regu- lates the processing of personal data by education authorities and educational institutions for sta- tistics and research purposes: for statistical purposes, identifiable data must be made anonymous; where the research purpose re- quires a follow-up action with the students, this would be carried out through pseudonymous data. In other words, only those students who need to be targeted will be identified. The goal behind the legal no- tice was to address the long-term problem of early school leavers and dropouts, as well as students who leave the educational system with little or no qualifications and skills. This would be carried out by col- lecting information on students to ensure that those who were vulner- able – those who do not further their education or who do not reg- ister for work – would be tracked down, provided counsel and guid- ance and assisted through the vari- ous schemes for young people, in- cluding Jobs+. Through the legal notice, the government could create a "stu- dent profile", containing details of the students from the first day they enter childcare up to University, tracing their scholastic career. But critics of the original legal notice, including digital rights ex- pert Antonio Ghio, argued that the initiative should not prejudice the fundamental right to citizens' pri- vacy. "The apparent creation of this Student Profile from the day a child enters into childcare up to leaving the educational machine, poses Orwellian fears which LN76/2014 is further fuelling as opposed to ad- dressing," Ghio had written in his online blog. The bone of contention was the risk of abuse of the students' data- base and the original legal notice that empowered the minister to di- rectly control it – something which education minister Evarist Bartolo has now said won't happen due to the changes to the law. "The new legal notice deline- ates the safeguards which shall be implemented, recognises the le- gitimate need for authorities and institutions to process the personal data of students, and where nec- essary, that of parents and legal guardians," the Ministry for Educa- tion told MaltaToday. The new legal notice goes beyond what had been originally proposed in LN76 and regulates data pro- tection and data processing in the educational sectors, also regulating what processes can be carried out by educational institutions and the Employment and Training Corpo- ration (ETC). The powers enjoyed by the educa- tion authorities and the ETC were already conferred by virtue of the 2006 amendments to the Educa- tion Act, while the powers accord- ed to the ETC have been exercised since 1990. "In this sense, the legal notice delineates how the wide powers of the education authorities are to be exercised. The legal notice also limits access to personal data only to professional employees who by virtue of their role and responsi- bilities need to process such data," the ministry explained. By way of example, the ministry said that in the case that a student needs to be contacted and encour- aged to take revision classes for failing SEC examinations, it will be the educational institutions who will contact the student with the information. A second specific target policy is in the case of the Jobs+ initiative and the students who specifically fall within the parameters of the target policy will be identified. "There are safeguards for the provision of this data in that iden- tifiable data is only requested if it is strictly required to take the nec- essary measures in the interest of the students in the implementation of such national initiatives; only data of students over compulsory school age may be requested; and identifiable data of students who eventually do not participate in such national initiatives are delet- ed or rendered anonymous," a legal advisor to the ministry said. There are instances where the le- gal notice provides that consent is to be obtained, granting a new right to students who have reached 16 years of age. 16-year-old students will be eligible to give consent for processing of their personal data, thus enjoying all the rights afforded to data subjects as provided under the Data Protection Act.