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Native Instruments files for preliminary insolvency amid ongoing debt crisis

The Berlin-based company behind Traktor, iZotope, and Maschine begins formal restructuring. Photo credit: Native Instruments – Official Native Instruments GmbH has entered preliminary insolvency proceedings in Germany. A court-appointed administrator, Prof. Dr. Torsten Martini, will now oversee the restructuring of one of electronic music’s most influential tech companies. According to documents reviewed by Create Digital…

IBC Revolutionizes India’s Insolvency Landscape, Says DFS Secretary, ETLegalWorld

IBC has been a game-changer, transformed the insolvency landscape: DFS secretary New Delhi, The Insolvency and Bankruptcy Code (IBC) has been a game-changer and has transformed the insolvency landscape by fostering transparency, accountability and efficiency in corporate dispute resolution and laying the foundation of a more resilient and robust economy, Financial Services Secretary M Nagaraju…

Plugin Alliance says it is “business as usual”

Plugin Alliance, with operations in the US and Langenfeld, Germany, says it is not part of Native Instruments’ insolvency filing. Mo Volans, General Manager of Plugin Alliance and Brainworx, posted to the Plugin Alliance Audiophiles group on Facebook. This was a question a number of people asked yesterday — which corporate entities internationally that are…