LIS Limited has been advising the directors of Golden Rock Studios Limited in respect of the insolvency routes available to them unassisted. Regarding the Hive down prior to the entering of the company into company voluntary arrangement. Company Voluntary Arrangement is a deal with the company's creditors and the company on a voluntary basis.  And in this occasion, LIS has been successful in advising the directors through the process, and is to be noted that this is the first ever company voluntary arrangement in Gibraltar. LIS is proud to support Golden Rock Studios Limited and following the company voluntary arrangement, is pleased that the company will return to a solid position and continue trading on the success of the company. Voluntary arrangement has been down to the landlord's support in Gibraltar, and the landlord in this respect was one of the one of the major creditors of the company. In Gibraltar, a Company Voluntary Arrangement (CVA) is a legally binding agreement between an insolvent company and its creditors, allowing the company to repay its debts over a set period instead of facing liquidation or bankruptcy. It's overseen by an insolvency practitioner, who acts as a supervisor. The CVA aims to give the company a chance to continue operating while repaying its debt, and it's often used to avoid the more drastic measures of liquidation.