Optimism at JoWood After Insolvency

CompaniesTechnology ♦ Published: January 10, 2011; 22:18 ♦ (Vindobona)

The Austrian manufacturer of computer games is convinced of the continuity of the company. There are already interested parties with whom negotiations are being held.

Optimism at JoWood After Insolvency / Picture: © Vindobona.org

After the opening of the restructuring proceedings against JoWood, the company has to have its proposal approved by the creditors before April 7. The corresponding meeting will take place at the Commercial Court of Vienna.

The liabilities of the listed company are € 22m, including € 4.6m owed to banks. JoWood employs 85 people, 25 of them in Austria.

Last year, JoWood…