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JoWood Applies For Insolvency Proceedings
The Austrian Computer Game Manufacturer has to declare its efforts towards restructuring as failed. Now the procedure of capital reorganization starts.
JoWood Applies For Insolvency Proceedings / Picture: © JoWooD
The management board of JoWooD Entertainment AG announces that all efforts towards restructuring of capitalization concerning outside capital as well as equity capital had to be considered as failed. On the basis of this fact, material insolvency occurred on 6 January 2011.
Therefore today, JoWooD Entertainment AG applied for a procedure of capital reorganization at the…
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