Malta Association of Credit Management (MACM), Media Releases

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PRESS RELEASE: Late Payment Rate of Interest
The Malta Association of Credit Management (MACM) informs the Maltese business community that the applicable legal interest rate in the event of late payment in commercial transactions in force on 1st January 2017 is 8.00%. Attached please find full Press Release
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PRESS RELEASE - European Account Preservation Order (EAPO)
The main provisions of the EU Regulation 655/2014 which came into force on 17 July 2014 apply from 18 January 2017. This EU Regulation establishes a European Account Preservation Order (EAPO) procedure to facilitate cross-border debt recovery in civil and commercial matters. The EAPO procedure allows for a single order to be made in the courts of one Member State which would be capable of 'freezing' any bank account of a debtor in any other Member State. It thus makes it less cumbersome, lengthy and costly for a creditor to obtain provisional measures to preserve assets in bank accounts of their debtor/s located in another EU Member State. Attached please find Full Press Release.
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PRESS RELEASE: Josef Busuttil elected President of FECMA
Josef Busuttil, Director General of MACM, elected President of FECMA. Attached please find content of the Press Release.
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PRESS RELEASE: Change in Interest Rate for Late Payments In B2B Transactions
The Malta Association of Credit Management (MACM) informs the Maltese business community that the applicable legal interest rate in the event of late payment in commercial transactions in force on 1st July 2016 is 8.00%
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Press Release - MACM at the 5th World Credit Congress
Josef Busuttil, director general of the Malta Association of Credit Management (MACM), participated in the 5th World Credit Congress, which was held between the 8th and 10th June 2016 at the Marriott Hotel in Bucharest, Romania. During his one hour presentation, Josef Busuttil argued that in today’s commercial world, competition is increasing and suggested that the credit function has become a people’s function and its role has become that to assist sales. Companies are deploying the credit function to gain and sustain competitive advantage in the market.
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PRESS RELEASE - MACM at the 4th World Credit Congress
Josef Busuttil, director general of the Malta Association of Credit Management (MACM), participated in the 4th World Credit Congress, which was held between the 14th and 16th May 2013 at Indaba Hotel & Conference Centre in Johannesburg, South Africa. During his one hour presentation, Josef Busuttil suggested that in view of the current World economic and financial strains, the credit management function should be involved to gain and sustain competitive advantage in the market.
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PRESS RELEASE - Malta Association of Credit Management Nov 2012
MACM at the FENCA World Collection Congress in Madrid and Josef Busuttil re-elected Vice President of FECMA for a further period of two years.
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PRESS RELEASE - New FECMA Officials
Josef Busuttil, Director General of MACM - Malta Association of Credit Management, has been re-elected Vice President of FECMA (Federation of European Credit Management Associations) in a meeting held in Paris, France, on Friday, 19th November 2010. MACM joined FECMA in May 2003 and Josef Busuttil has held the role of Vice President since 2004.
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MACM at the largest UK Credit Industry Conference
The Malta Association of Credit Management (MACM) has participated in the largest UK Credit Industry Conference. Please find attached a news release for your attention.
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Press Release - FECMA
FECMA – Federation of European Credit Management Associations has issued a Press Release to be published in all Business Press across Europe regarding the negative impact of Abridged Accounts and Audit Thresholds in view of the current economic and financial turmoil. MACM – Malta Association of Credit Management is member of FECMA Please find attached a news release. For favour of publication.
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