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 :
#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'
'I Dream of Wires: Hardcore Edition' to hit stores on DVD and Blu-ray in early December
Out via Artoffact Records by January 9th is 'Silent DiscoVery', a single which showcases a full 10 unreleased songs created during the 'Madness & Extinction' sessions. (...)
Marilyn Manson has revealed the videoclip for 'Deep Six', a track taken from his forthcoming album 'The Pale Emperor'. (...)
The German band Funker Vogt has issued a statement after the news broke yesterday that Out Of Line is not all too happy that the band appointed Sacha Korn as their new frontman. (...)
The Russian synth-pop act WANT/ed have teamed up with Patrik Hansson, frontman and singer of the Swedish band Vanguard on their latest song 'Let’s get entwined'. (...)
Drama in Deutschland where the Out Of Line label says it's not happy with Funker Vogt's choice to appoint Sacha Korn as their new frontman. (...)
Sweden keeps feeding the music scene with excellent electronic music, and Silent Wave band members Tildeh Hjelm and Hans Olsson Brookes from Gothenburg are no exception. (...)
SUBSCRIBE TO OUR DAILY NEWSLETTER