Arrival SA has officially filed for bankruptcy as of May 16, 2024, with the Tribunal d’Arrondissement de Luxembourg declaring the company bankrupt on May 22, 2024. The company’s board of directors has ceased to manage its affairs, and Mr. Philippe Thiebaud has been appointed as the bankruptcy trustee.
Key Highlights:
- Bankruptcy Filing: Arrival SA filed for bankruptcy on May 16, 2024.
- Court Judgment: The Tribunal d’Arrondissement de Luxembourg declared Arrival SA bankrupt on May 22, 2024.
- Trustee Appointment: Mr. Philippe Thiebaud has been appointed by the court as the bankruptcy trustee, taking over the management of the company’s affairs.
About Arrival
Innovative Electric Vehicle Production: Arrival has pioneered a revolutionary process in the design and production of software-defined, last-mile electric vehicles. This new method aims for a radical impact on the industry.
Empowering Sustainability: The company’s transformative approach offers cities the solutions needed to facilitate sustainable urban transportation, ultimately aiming to change the way the world moves.
Arrival SA’s announcement marks a significant shift in the company’s journey, reflecting the challenges faced by innovative companies in the competitive electric vehicle market. The appointment of Mr. Philippe Thiebaud as the bankruptcy trustee will be crucial in managing the company’s remaining affairs and addressing the needs of its stakeholders.
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