SPV initiates insolvency proceedingsPosted on 29/05/09
Trouble in musicland, again. This time it is SPV which is facing difficult times. Last night, the German label SPV has sent out a message to its business partners saying that they had to initiate insolvency proceedings. The company stresses that the business process will be continued.
In the event of a debtor becoming insolvent, be it a company, a trader or an individual, this Regulation establishes common rules regarding the court competent to open insolvency proceedings, the applicable law and the recognition of the court's decisions. The intention of this Regulation is to dissuade the debtor from transferring his assets or the judicial proceedings from one State to another in order to improve his legal position.
To be continued.
Posted by B. Van Isacker
More related news :
Side-Line presents: Coalescaremonium Festival (BE) - April 11, 2015
#366: A life lived announce 2 remix albums
#366: A Life Lived release 'Demo 2013' demo
#366: A Life Lived release EP in October, new video 'Exit Saved' out now
#366: A Live Lived plan 2nd album for Janyary 2014
'A Synthesizer for Christmas' animated Hyperbubble video
'Electro Tribute To Oasis' released on Eternal Sunday Records
'Face The Beat Vol. 1' available now... for free !
'Gangnam Style' parody 'Whitby Gothic Style' goes over 230.000 views on YouTube
'Human Centipede' sequel barred from UK distribution for being 'too obscene'
Today Alfa Matrix has released the massive Metroland 3CD album box (no 'normal' edition will be released) 'Triadic ballet'. (...)
Out by end of May is the debut album 'Halfway to Nowhere' by Destin Fragile, a side-project by the Spetsnaz members Pontus Stålberg and Stefan Nilsson plus Daniel Malmlöf. (...)
To be released officially worldwide on the date of the UK General Election, May 7th 2015, and available on Bandcamp as 'Name your price' until that date is the brand new single from Engram (Martin Bowes & John Costello). (...)
Mid-May will see the release of the long awaited new album by the dark rock band Last Dance. The 13-track album also includes a bonus track. (...)
In June you can expect the release of the Juno Reactor album 'The Golden Sun… Remixed', which is a companion album to its most recent opus, 'The Golden Sun Of The Great East'. (...)
After having been active with various side-projects (Totem Obscura, Aengeldust, ...) for some time, dark elektro musician Pedro Engel announced his comeback with the recently released controversial download EP 'Zigeunerjunge' EP. (...)
Out now, brand new Essence Of Minds album 'The break up!' with exclusive CD extras (not available on the download)
SUBSCRIBE TO OUR DAILY NEWSLETTER