Sanction of Prestariang SKIN Scheme of Arrangement

2 December 2020 - As reported in The Edge Malaysia, we acted for Prestariang SKIN (PSKIN) in obtaining Court sanction of its scheme of arrangement. The scheme of arrangement had earlier obtained 100% creditors' approval at the court convened meeting. PSKIN's scheme of arrangement would preserve its going concern while it carried on with negotiations and legal action to seek compensation from the federal government for the termination of the RM3.5 billion Sistem Kawalan Imigresen Nasional (SKIN) contract.

Nathalie Ker appeared as counsel for PSKIN at the sanction hearing.