Thirteen New Insolvency Practitioners Join Malta's Register

Thirteen professionals have completed the accredited Insolvency Course run by the Malta Business Registry and are now eligible to join the Register of Insolvency Practitioners. The addition brings the number of registered practitioners in Malta to 26, doubling the pool of specialists available to businesses, individuals and the wider financial and legal sectors.

The course covered procedures relating to liquidity, sanctions under Malta's regulatory framework, the Insolvency Practitioners Act, directors' obligations and preventive restructuring procedures. It is delivered in collaboration with the University of Malta.

Minister for the Economy, Technology and Strategic Projects Silvio Schembri said the goal has never been simply to increase the number of businesses in Malta, but to build a network that supports them at every stage. "We must ensure that every business has the tools, professionals and support needed to recover, adapt and continue to grow. This is the economic model we are building for our country, one based on quality and competitiveness," he said.

MBR Chief Executive Officer and Registrar Dr Geraldine Spiteri Lucas said the new practitioners will strengthen the restructuring support available to companies, in many cases early enough to prevent insolvency altogether. "The role of these professionals is to guide businesses through the steps required to restore financial stability and to get back on their feet," she said.

She added that the reforms of recent years have been guided by the principle that everyone deserves a second chance, and that a stronger framework gives individuals and businesses the confidence to move forward knowing that qualified professionals and effective legal tools are available to help them recover and rebuild.

Early warning mechanisms are a central part of the approach. Since the Self-Assessment Tool launched in late 2024, 81 users have completed the assessment, giving them an early indicator and the chance to act in good time.

Dr Ingrid Hamilton, Official Receiver and Head of the Insolvency and Receivership Service, said the office concluded 11 court-ordered winding-up cases during 2025 and a further 16 so far in 2026, with 13 new companies assigned this year. She said the results show a commitment to concluding proceedings more efficiently and providing greater certainty for all stakeholders.

The new practitioners were also referred to the MBR's recently published Code of Ethics and Professional Conduct for Insolvency Practitioners, which sets out a uniform set of duties and obligations designed to ensure quality and transparency in the services provided.