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Appointment of Special Controllers

Appointment of Special Controllers

The applications for the appointment of Special Controllers in terms of Article 329A of the Companies Act are open.

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Further to the publication of the Company Reconstructions Fund Regulations, the Malta Business Registry has notified that the Official Receiver is receiving applications from individuals interested in being appointed as Special Controllers in terms of Article 329B of the Companies Act to assist companies facing financial difficulties. The requisites for the post are 5 years’ proven experience in the administration of companies, or 2 years’ experience if they hold a bachelor's degree from a recognised university. Applications are to be sent by email, sending a CV to crp@officialreceiver.com.mt. Qualifying individuals will form part of a list, and appointment as a Special Controller would be made by the Court on a case by case basis, in terms of Article 329B of the Companies Act. No prior experience as a Special Controller is necessary, and new applicants will be guided on the relevant procedures.

Should you have any queries or wish to discuss further, please send an email to covid@kpmg.com.mt.

Appointment of Special Controllers

The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

© 2020 KPMG, a Malta civil partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved.

KPMG International Cooperative (“KPMG International”) is a Swiss entity.  Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

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