Insolvency proceedings are currently pending against both the Zizooboats GmbH Berlin branch and its parent company, Zizooboats GmbH Wien. Coparion and Check 24 Ventures have been involved in both branches of the company. The provisional insolvency administrator in Berlin has taken over control and is now responsible for securing and preserving the debtor’s assets by monitoring their financial situation.
The Charlottenburg District Court has granted the provisional insolvency administrator authority to collect bank balances, other claims from the debtor, as well as accept incoming funds. Yacht magazine was first to report on the insolvency, but there have been complaints about Zizoo’s business practices in the past, including unpaid boat rentals and refunds for cancellations and failed boat rentals.
In Vienna, 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 to submit a “completed list of assets” by February 23, 2024. If Zizoo denies insolvency, it must prove that it has paid its creditors or entered into installment agreements with them.