Insolvency proceedings are currently pending against both the Berlin and Vienna branches of Zizooboats GmbH, with Coparion and Check 24 Ventures involved in both branches. The provisional insolvency administrator in Berlin has taken over control and is now responsible for securing and preserving the debtor’s assets by monitoring the debtor.
The Charlottenburg District Court has announced that the provisional insolvency administrator has been granted authority to collect bank balances, claims from creditors, and accept incoming funds. Yacht magazine first reported on the insolvency, despite past complaints about Zizoo’s business practices, including unpaid boat rentals and cancellations.
Meanwhile, Viennese lawyer Paul Kessler has filed a bankruptcy petition at the Vienna Commercial Court, ordering Zizooboats GmbH to transfer an advance payment of 4,000 euros for start-up costs of the bankruptcy proceedings by February 23, 2024. If Zizoo denies insolvency, they must prove they have paid their creditors or entered into installment agreements with them.