A "hat trick" is an expression coined in the game of cricket. A game renowned for its genteelness and fairness. It is now used more widely to describe any three consecutive achievements or successes. I fear that in Gibraltar it can be used today to describe a fast developing and spreading practice: the wearing of different hats to justify, rather than to avoid a conflict of interests!
It has always been the accepted practice that if one wears more than one hat, then in order to avoid a conflict of interests arising, one would choose the hat to run with and discard all other hats. Things have changed. Today officials and professionals feel free to decide and act wearing different hats with impunity, in the belief that by donning a different hat and taking decisions and acting temporarily with one hat before donning another, a conflict of interest is avoided.
Different hats has become an excuse or justification as opposed to a warning light for a conflict of interest to be avoided. What an odd world we live in in Gibraltar! In truth those wearing more than one hat and acting at different times with different hats should pause and think for a while. These arrangements have a habit of resulting in unwanted and adverse consequences.
The affairs of Marrache & Co, its partners and associated companies may yet have other unwanted repercussions, if people continue swapping hats. Then, indeed, the phrase "hat trick", in Gibraltar, could take the different meaning suggested and it will not describe a success or achievement but rather a failure.