Feeds

Silicon France goes titsup.fr

Cessation de paiement

  • alert
  • submit to reddit

Intelligent flash storage arrays

Silicon Media Group announced Friday that it was selling its UK assets to CNET. We wondered what would happen to the IT news service's newer, smaller operations in France and Germany.

We now have the answer for France, courtesy of 01net.com. On 26 July, Silicon.fr went titsup.fr, or, in French parlance, filed for "cessation de paiement".

This is the legal term for insolvency in France, and is defined by French law as "a corporation is unable to meet its (currently) due debts with its (immediately) available assets", according to this handy primer.

The next course of action is either: "Redressement Judiciaire", designed like Chapter 11, or more modestly the UK's Creditors' Voluntary Agreement, to nurse the company back to solvency, or: "Liquidation Judiciaire", which sees the company wound up. ®

Related story

CNET buys Silicon.com

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
prev story

Whitepapers

A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.