Hövding Sweden AB files for bankruptcy
The board of Hövding Sverige AB has decided to file for bankruptcy. The bankruptcy application has been submitted today, December 21, 2023, to the Malmö district court.
The reason for the bankruptcy filing is that on November 1, 2023, the Swedish Consumer Agency imposed a temporary sales freeze on the company and then on December 15, 2023 announced a permanent sales freeze and recall for the product Hövding 3.
Hövding does not share the Consumer Agency’s conclusion and has appealed the decision. Today it was announced that the Administrative Court approves Hövding’s request for inhibition, which overturns the Swedish Consumer Agency’s decision to immediately stop sales and recall and means that Hövding 3 can still be sold. However, the damage caused by the actions of the Swedish Consumer Agency is so extensive that the board does not see that there is a basis for continuing the company.
Hövding would like to take the opportunity to thank all customers, dealers, suppliers and, not least, employees for all the fantastic efforts during the 12 years we have saved the lives of cyclists.
Q&A
How can I as an end consumer or retailer return products and get a refund?
The administrative court has inhibited the Swedish Consumer Agency’s decision and it is therefore not the responsibility of Hövding Sverige AB to take back any products.
Regardless of the outcome of the court process, the bankruptcy administration will not be able to accept any complaints, withdrawals or warranty cases.
As a cyclist, can I continue to use Hövding 3 during the legal process?
Yes, you can use the product during the legal process. However, the bankruptcy administration takes no responsibility for this.
Can I file a claim after the bankruptcy?
It is not possible to establish a complaint case during the bankruptcy procedure.
Can you still update the software on Hövding 3?
The bankruptcy administration takes no responsibility for this.
How do I report claims in bankruptcy?
You will be able to report any claims to the bankruptcy administration and have them listed in the bankruptcy (the claim will then be included in the estate register that is drawn up). Information regarding how to proceed to do this will be found on Hövding’s website during the month of January.