Following a Court application filed by Skillpro Malta Ltd (the “Company”), on the 26th February 2025 the Civil Court Commercial Section (the “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 the 21st May 2025.
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