Native Instruments is in preliminary insolvency proceedings, meaning that it must liquidate assets in order to continue operating as a business.
Native Instruments (NI), a staple software and gear brand among electronic musicians, has entered into preliminary insolvency hearings with the German government.
Insolvency proceedings in Germany differ from those of bankruptcy in the US in a few key ways. For one thing, German firms found to be insolvent must liquidate their assets according to a process over which their leadership has limited control. These decisions are mostly overseen by a court-appointed administrator — and in the case of NI, that official is Prof. Dr. Torsten Martini, according to Create…