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Starbreeze Wants To Extend Its Reconstruction Period

by Rainier on Feb. 21, 2019 @ 12:00 a.m. PST

Starbreeze has submitted a request to the Stockholm District Court for an extended reconstruction period.

Starbreeze announced December 3, 2018 that Starbreeze AB (publ) and five subsidiaries had filed for reconstruction, where the Stockholm District Court approved the application and assigned Lars Söderqvist from Wesslau Söderqvist Advokatbyrå in Stockholm as the appointed Administrator.

On the Creditors’ Meeting held December 21, 2018, the Stockholm District Court further approved the continued reconstruction up until March 3, 2019. Starbreeze has now submitted a request for each company reconstruction to continue for an additional three month period. The Administrator supports the request.

As previously announced, the reconstruction plan states that Starbreeze will focus on its core business of internal game development and publishing. The company has initiated a process to find collaborations with external parties to secure that the non-core operations develop in a positive way.

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