"Archer Aviation Acquires Lilium's Patent Portfolio Amid Insolvency Proceedings"

"Lilium, an electric aircraft pioneer, has sold its patents and intellectual property rights to Archer Aviation Inc. during its insolvency proceedings. The sale, approved by creditors, involves over 300 patents related to eVTOL aircraft technologies and is valued in the low to mid double-digit million euro range. The insolvency administrator, Ivo-Meinert Willrodt, noted that Archer's offer provided the highest transaction security. The sale process will continue with the remaining assets of Lilium."

**Law Firms Involved in the Transaction:** The transaction involved the law firm PLUTA Rechtsanwalts GmbH, which assisted the insolvency administrator Ivo-Meinert Willrodt in the sale of Lilium's patents and intellectual property rights. The buyer, Archer Aviation Inc., was advised by the law firm White & Case, represented by Dr. Sven-Holger Undritz and Dr. Albrecht Schaefer. **Transaction Overview:** In the insolvency proceedings of electric aircraft pioneer Lilium, the insolvency administrator Ivo-Meinert Willrodt successfully sold the company’s patents and registered intellectual property rights to Archer Aviation Inc., a U.S. publicly listed developer of electric vertical take-off and landing aircraft (eVTOL). The sale, which was unanimously approved by the creditors’ committees, involved a portfolio of over 300 patents related to advanced technologies for eVTOL aircraft. The purchase price is reported to be in the low to mid double-digit million euro range, and the legally binding purchase agreement is currently being implemented. **Lawyers Involved:** The PLUTA team included: - Ivo-Meinert Willrodt (Insolvency Administrator) - Mirko Möllen (Attorney) - Martin Jungclaus (Attorney) - Wolfgang Bernhardt (Insolvency Administrator of the holding company) From White & Case, the following lawyers were involved: - Dr. Sven-Holger Undritz (Attorney) - Dr. Albrecht Schaefer (Attorney)

"Archer Aviation Acquires Lilium's Patent Portfolio Amid Insolvency Proceedings"

Read the full story

Cookie Preferences

Strictly Necessary

Analytics & Statistics

Marketing & Ads