The Zizooboats GmbH Vienna branch is currently in preliminary insolvency proceedings, and the Berlin branch has also been placed under provisional insolvency. Both branches have seen involvement from Coparion and Check 24 Ventures. In Berlin, the provisional insolvency administrator has taken control and is responsible for securing and preserving the debtor’s assets by monitoring their financial situation.
The Charlottenburg District Court has announced that the provisional insolvency administrator in Berlin has been granted authority to collect bank balances, other claims from the debtor, and accept incoming funds. Yacht magazine was the first to report on the insolvency of Zizooboats, although there have been complaints about their business practices in the past, including unpaid boat rentals and refunds for cancellations and failed rentals.
Meanwhile, Viennese lawyer Paul Kessler has filed a bankruptcy petition at the Vienna Commercial Court, which has ordered Zizooboats GmbH to transfer an advance payment of 4,000 euros for the start-up costs of the bankruptcy proceedings and submit a “completed list of assets” by February 23, 2024. If Zizooboats denies insolvency, they must prove that they have paid their creditors or entered into installment agreements with them.