Debtor-in-possession proceedings opened for Sono Motors GmbH

• Debtor-in-possession proceedings for Sono Motors GmbH opened on 1 September 2023 as planned
• Sono Motors GmbH to continue operating as usual within the framework of debtor-in-possession proceedings

The Local Court of Munich opened debtor-in-possession proceedings for Sono Motors GmbH on 1 September 2023 as planned. The court has appointed Mr Ivo-Meinert Willrodt from PLUTA Rechtsanwalts GmbH as insolvency monitor. The business will continue operating as usual within the framework of the opened debtor-in-possession proceedings.

Sono Motors GmbH is still negotiating with several potential investors interested in ensuring the company’s long-term continuity.

The business is being supported in the debtor-in-possession proceedings by a Dentons restructuring team led by experienced restructuring experts Dr Holger Ellers and Mr Dirk Schoene.

The PLUTA team is made up of Mr Ivo-Meinert Willrodt and Mr Wolfgang Bernhardt.

Information for Sono customers who have made down payments (customers with a reservation)

There are more than 20,000 creditors in the proceedings. In the next few days, they can expect to receive a letter from the insolvency monitor that will enable them to file their claims for inclusion in the insolvency schedule.

Customers with a reservation can register their claims using an online portal set up specifically for these proceedings. The letter they receive will contain an individual creditor PIN that they can use to access the portal. Customers with a reservation do not need to fax or email any documents to PLUTA.