EV DIGITAL INVEST

The Charlottenburg local court has opened insolvency proceedings in self-administration for EV Digital Invest. According to the company, it is negotiating with third-party interested buyers about the sale of the business or substantial operating parts that would continue operations under a different brand and take over the servicing of existing investors. According to the company, the investments made by investors on the platform are not affected by the insolvency. » More on finanzen.net

EV Digital Invest, a license partner of Engel & Völkers and operator of a real estate crowdinvesting platform, has filed for insolvency after its majority shareholder refused to provide urgently needed funds. The company had already faced criticism over missed payments and lost court cases with investors, and recently reported significant losses. The subsidiary EV Digital Invest Assets Management is not affected by the insolvency and, according to the management board, business operations are continuing. » More on capital.de

EV Digital Invest has filed for insolvency under self-administration after its majority shareholder, the Versorgungswerk der Zahnärztekammer Berlin, refused to make a contractually agreed payment. The funds were intended for settlement payments to investors in connection with legal disputes over project financing. The Versorgungswerk denies any responsibility for the insolvency and emphasizes its duty to protect the interests of its members. » More on handelsblatt.com