Between symbolism and substance – Why lawsuits against Lyconet/myWorld in Italy have little chance of success

Lawsuits are now being filed in various countries, including Spain, Poland, Italy and others. Today, we will focus on the situation in Italy.

For the following assessments, we contacted an Italian law firm specialising in commercial law and had them examine the general situation; the following points summarise their basic assessment and our own analysis.

Legal action in the country – legally possible, but economically unlikely to succeed

Consumers in Italy can take legal action, for example for breach of contract, recovery of payments or damages. This is legally permissible; proceedings can also secure evidence or prepare judgements against members of the executive body.

Economically, the problem remains according to the current state of the files:

• The equity capital of the Italian companies is too low.
• There are hardly any assets that can be seized.
• The parent companies in Austria and Switzerland are already insolvent and, according to a statement by the insolvency administrators dated 1 September 2025, do not have sufficient assets.

What those affected can expect

Realistically, victims should not expect any repayments from the Italian companies at present. Their capital reserves are too small, and the insolvency of the parent companies deprives them of their basis.

Possible outcomes of lawsuits:

• Judgments in Italy that can later serve as a basis for taking action against board members or other companies.
• Criminal consequences for those responsible, which may also indirectly strengthen the civil law position of the injured parties.

Conclusion

Lawsuits in Italy have symbolic and strategic significance for injured parties, but based on the current state of the case files, they offer little prospect of repayment in the short term. The insolvency proceedings of 1 September 2025 clearly showed that the assets are insufficient. Those who nevertheless decide to take legal action should do so with realistic expectations – it is less about immediate payments and more about documentation, determining liability and exerting legal pressure on those responsible.

Note:

This article is based on publicly available sources, documented complaints from investors and an official press enquiry to Blocktrade. It is a journalistic analysis. All statements about legal risks or possible contractual constellations are to be understood as assessments, not as conclusive legal advice. Those affected should seek legal advice in case of doubt.

Source:

1. PULS24: ‘Restructuring proceedings for myWorld: Learjet to be sold’, report on assets/liabilities and creditor situation, accessed on 5 September 2025.
2. ORF Steiermark: ‘myWorld: Insolvency proceedings opened – overview of creditors and assets’, 5 September 2025.
3. KSV1870 insolvency file: myWorld Austria GmbH – insolvency proceedings, accessed on 5 September 2025.
4. AKV Europa: ‘myWorld International AG – bankruptcy proceedings opened’, case report incl. PDF, 5 September 2025.
5. AKV Europa: ‘Lyconet Austria GmbH – bankruptcy proceedings opened’, 6 August 2025.
6. KSV1870 Insolvency File: Lyconet Austria GmbH – Bankruptcy, accessed on 6 August 2025.
7. ORF Steiermark: ‘Lyconet Austria GmbH insolvent: 565 creditors affected’, 6 August 2025.
8. Die Presse: ‘Lyconet insolvent – distribution company files for bankruptcy’, 6 August 2025.
9. Weekend Magazine: ‘Lyconet Austria files for insolvency’, 6 August 2025.
10. Moneyhouse: Lyoness Europe AG in liquidation, extract from the Swiss commercial register, accessed on 5 September 2025.
11. ZEFIX – Central Company Index Switzerland: Lyoness International AG in liquidation, SHAB publications, accessed on 5 September 2025.
12. Ufficiocamerale: myWorld Italia S.r.l., turnover in 2023 €13,434,503, ~35 employees, accessed on 5 September 2025.
13. Ufficiocamerale (detailed extract): myWorld Italia S.r.l., share capital €10,000, 2023 result –€1,569,957, accessed on 5 September 2025.
14. FatturatoItalia: ‘myWorld Italia S.r.l. – 2023 financial statements’, accessed on 5 September 2025.
15. ReportAziende: ‘myWorld Italia S.r.l. – dati economici’, accessed on 5 September 2025.
16. Ufficiocamerale: Lyoness Italia S.r.l. (REA VR-368174), balance sheet data for 2022, accessed on 5 September 2025.
17. Visura.pro: Lyoness Italia S.r.l. – Share capital €50,000, 2020 results, accessed on 5 September 2025.

Ufficiocamerale: Lyconet Italia S.r.l.

19. (REA VR-435170), turnover 2023 €3,383,205, ~5 employees, accessed on 05.09.2025.
20. Visurissima: Lyconet Italia S.r.l., share capital €10,000, accessed on 05.09.2025.
21. Acquirenti APS / Studio Legale Leone-Fell: ‘FAQ – Azione Collettiva contro Lyconet/MyWorld’, webinar documentation, issue 09/2025.
22. TrendingTopics: ‘myWorld applies for restructuring proceedings – 116 employees, 2,049 creditors affected’, 4 September 2025.
23. NEW BUSINESS: ‘Insolvency at myWorld – Background and data’, 4 September 2025.
24. FinTelegram: ‘Lyoness/myWorld – Chronicle of an insolvency’, critical analysis with reference to the Supreme Court, 09/2025.