PLUTA press contact
+49 89 210 257-22Download as PDF
Management of Nuri GmbH has filed for insolvency with the Local Court of Berlin-Charlottenburg. The cryptocurrency platform was advised in advance by the restructuring experts at PLUTA Rechtsanwalts GmbH on matters of insolvency law that had to be dealt with in the context of its refinancing efforts and the application for insolvency.
Founded in 2015, Nuri is a Berlin-based fintech company that offers bank accounts with access to cryptocurrencies, digital assets and financial services for its more than 200,000 customers. According to information provided by the company, it managed a total asset volume of around 500 million euros at the end of April.
The company’s US business partner, Celsius Network, already had to file for insolvency last month. In this relationship, Nuri acted as an investment intermediary between customers and Celsius through a Bitcoin interest account.
The application for insolvency had to be filed to keep the app operational and ensure that Nuri’s liabilities can be paid. Customer deposits and investments are protected under the statutory deposit insurance via a partnership with Solarisbank AG.
Most recently, Nuri management benefited from support provided by PLUTA on all aspects involving insolvency. The PLUTA team includes attorney Mr Tillman de Vries and Ms Laura Holzmannstetter.