Michael Paeck, also Managing Director at Cliffhanger, told Kurier.at (also german): “Shadowrun Chronicles is not affected by the insolvency and both operation and further development will continue. They will be handled by our affiliate company Cliffhanger Productions Games GmbH (a separate legal entity from the now bankrupt Cliffhanger Productions Software GmbH)”
Paeck also mentions that they are currently in talks with potential investors, but to no avail yet.
So, what could this all mean?
First off: Players of Shadowrun Chronicles will probably still be able to enjoy the game for some time. No promises can be made, but if all of this is true, then things are looking quite a bit brighter for the games future.
UGE_plex mentioned in our comments that Nordic Games, who are also based in Vienna, was heavily involved in publishing and distribution. We also know that Nordic has been securing IPs and games left and right for the last couple of months. While certainly not a AAA publisher, they do seem to care for their franchises and them acquiring as much of the assets on sale as possible, would sound like a good move for both parties.
There is also still the possibility of a composition proceeding, which would mean that the company would be able to continue operating. This would however mean, that the creditors approve the reducing of the debt that has to be paid.
I will try to keep you updated on this developing story, and if you have any new information leave us a comment.