ESWC is dead, company enters liquidation

Yikes .. The company behind the Electronic Sports World Cup, Games-Services, has now officially gone into liquidation. Having paid a small fee to access information regarding legal proceedings from a goverment website the story was first discovered by Against All Authority Editor-in Chief who obtained a document outlining the result of a tribunal involving the ESWC organisers, Games-Services.

The result was that Games-Services has now entered liquidation, in other words ceased all business operation by using its assets to discharge its liabilities (its debts). Matthieu Dallon sent out a release in March stating that the ESWC organisers were "facing a serious cash flow crisis."

Games-Services made it official after posting an announcement earlier today on their website confirming the cease of all activities.

"Games-Services SA ceases all activities. Its liquidation has been pronounced by the Commercial Court of Paris March 30, 2009. In consequence, all the employees and managers have been relieved from their duties and laid off April 2nd, by the adjudication.

The process of liquidation, which is starting this week, will notably organize the potential trade-in or resale of the company