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Judicial Reorganization
Ongoing coverage on Judicial Reorganization.
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Gamedeveloper.com
French studios Spiders, Kylotonn, and Cyanide have filed for insolvency
French game development studios Spiders, Kylotonn, and Cyanide, all subsidiaries of Nacon, have filed for insolvency and requested judicial reorganization proceedings. Nacon itself previously filed for insolvency in February to restructure its debts. These proceedings allow companies to freeze liabilities and propose continuation plans to ensure business sustainability.
Gamedeveloper.com
Hell is Us and Styx publisher Nacon files for insolvency
French publisher Nacon has filed for insolvency and will seek judicial reorganization to continue operations and renegotiate debts. The company, a subsidiary of Bigben Group, aims to protect its employees and jobs while restructuring. A court ruling on its request is expected in early March.
