Following a court application filed by Skillpro Malta Ltd (the ‘company’), on February 26, 2025, the Civil Court Commercial Section (‘court’) acceded to the company’s request to enter the preventative restructuring procedure as set out in the Pre-Insolvency Act (Chapter 631 of the Laws of Malta, and hereinafter referred to as the ‘Act’).
This not only marked Malta’s first application by a legal entity for the newly enacted preventative restructuring procedure, but also the first successful application, with the court approving the proposed restructuring plan by means of a decree given on May 21.
Background to pre-insolvency proceedings in Malta
Directive (EU) 2019/1023 of the European Parliament and of…
