Fisker GmbH, located in Graz, is a subsidiary of the Fisker Group, which is currently undergoing Chapter 11 bankruptcy proceedings in the United States. Fisker GmbH was responsible for overseeing the manufacturing of Fisker's electric vehicles.
The insolvency of Fisker GmbH is one of the largest in Austrian history, with alleged claims against the company exceeding EUR 3.78 billion. The insolvency court approved Fisker GmbH’s restructuring plan on September 16, 2024. No appeals were filed and the proceedings formally ended on October 10, 2024.
CVI Investments and Heights Capital Management were advised by E+H in the restructuring and insolvency proceedings of Fisker GmbH, while Schoenherr represented Fisker.
Schoenherr's legal representation of Fisker was led by Partner Miriam Simsa, with Attorney at Law Hannah Fadinger, and Associates Felix Loewit and Christian Cacic assisting in the proceedings. This case represents a landmark in Austrian insolvency law due to the scale and complexity of the claims involved.
"The termination of the insolvency proceedings marks the end of a very challenging process. It took a lot of effort and an outstanding cooperation between all parties involved to get there. We are very proud to have played a crucial role in this extraordinary mandate."
