OLG Vienna decides: Eyemaxx security remain valid!

OLG Vienna decides: Eyemaxx security remain valid!

Wien, Österreich - On May 28, 2025 there was a striking legal dispute that affects the Eyemaxx 2020/25 bond. In a judgment, the Vienna Higher Regional Court rejected the appeal of the lifestyle real ownership MBH & CO KG. This appeal was directed against a decision by the Korneuburg State Court, which confirmed the effectiveness of the security order for an object in Innsbruck on September 27, 2024. The Bond Guide reports that the bankruptcy administration of the bond has initiated this process and draws to court with two main arguments.

On the one hand, the argument of the forbidden deposit refunds was brought up, which was invalidated by the Vienna OLG. It found that in this case there was no violation of the law. On the other hand, the bankruptcy administration wanted to contest the treatment of the transfer of the lien. It was argued that collateral had to be treated on moving things on super civilians such as lien. But the OLG also rejected this submission. Nevertheless, the revision of the question of whether a burden can be transferred to a supercient like a load on property. However, the judgment is not yet final.

What does that mean for bond lovers?

The outcome of this process has direct effects on the Eyemaxx 2020/25 bond, which is currently noted at its indecreed sister bonds. If the collateral order remains, this bond could achieve a significantly higher rating. According to the One Square Advisory, bond lovers have the opportunity to register using a form and ask questions so that you can find out more about your rights.

It is worth noting that Eyemaxx Real Estate AG submitted an bankruptcy application on November 4, 2021, which was approved on November 5. Dr. Ulla Reisch was appointed bankruptcy manager. A renovation plan was presented with the bankruptcy application, but it had to be withdrawn on December 17, 2021 due to the bankruptcy of a subsidiary. The vote on the renovation plan was consequently canceled.

A look at the bankruptcy proceedings

As explained in the WKO insolvency law, the application at the responsible regional court normally takes place in an insolvency case within 60 days of sobering or over-indebtedness. In order to initiate the procedure, either cost -covering assets must be present or an advance payment of up to 4,000 euros must be provided. If this is not the case, the court can reject the application.

A renovation plan can be placed in the course of the procedure, with creditors have to offer a quota of at least 20 % within two years. If this plan fails, bankruptcy proceedings are initiated and the bankruptcy estate is used. These processes are of great importance for the creditors and the further development of the company.

Overall, the legal disputes at Eyemaxx have numerous challenges and uncertainties that are of great interest for both investors and the creditors concerned. It remains to be seen how the legal disputes about the Eyemaxx 2020/25 bond and their collateral will continue.