"Spell Power" series of distributors Jowood petition for bankruptcy reorganization

According to overseas media reports, Austrian distributor Jowood due to mismanagement, recently filed a bankruptcy reorganization petition to the local Court.　　Jowood's board is optimistic about the future of the restructured company, which has now submitted a reorganization bill and urged investors and creditors to get in touch with them within 90 days to start negotiations. They also sued rival Koch Media Bmbh for not paying Jowood's 6.4 million stake in 2006, demanding that the court award its own $3.04 million.　　According to Austrian law, Koch Media Bmbh is likely to take responsibility for its own "fault error". "Based on the provisions of the company law and the Jowood financial situation, we decided to sue the other party to protect the interests of our shareholders," he said.　　"The Jowood spokesman said they hoped the case would be heard as soon as possible, otherwise the cumbersome legal process could delay the case for several years." Jowood is a well-known European game distributor in Austria, and has published a series of games including Gothic dynasty, spell power, professional football manager and tricky neighbor.