The Dr. Pscheidl-Privatstiftung, 50% owner of AVUS worldwide claims service (wwcs), has surrendered its 50% stake in our current partner AFES AG, which is based in Liechtenstein. For customers and business partners nothing changes: the existing contracts are fulfilled, the expansion of the global AVUS network is consistently continued.
Created about 50 years ago by AVUS founder Josef Pscheidl, AFES went to its new owner, the Coberny Foundation, in mid-February. Although this separation also means the temporary surrender of some sites in Western Europe and the countries bordering the Mediterranean under the AVUS brand, according to AVUS Managing Director Magister Josef Schörghuber, there is no change in the claims settlement: „All cooperation agreements remain valid, the AVUS guidelines on neutrality, quality and know-how are 100 percent fulfilled. We will therefore continue to service our customers and partners based on established the long-term trust.“
In proven hands
As before, Mr. Schörghuber and Magister Thomas Hurmer are managing the business of AVUS wwcs following the recent death of Dr. Dieter Pscheidl together with his sister, Doris Petroni,. She continues to hold 50 percent of the company’s shares, the other half of the company is owned by Dr. Pscheidl-Privatstiftung(DPPS, an Austrian private foundation). As Mr. Schörghuber points out, there are no longer financial links to AFES AG: „The separation has been clearly made, there is no participation in any AFES subsidiary, as it was the case in the past. All trademark rights lie solely with AVUS wwcs. The establishment of new sites, as last in Slovenia in 2022, will continue to be consistently implemented. Our goal as AVUS is not only to maintain the proven and experienced global network, but also to gradually expand it.“
About the company
Founded in Linz in 1960, AVUS wwcs is one of the top addresses in Europe for cross-border claims settlement. The specialist service provider offers its services through its own branches and together with more than 100 cooperation partners worldwide. More than 800 customers from 150 countries are served in 30 languages. The AVUS experts, 50 percent of them legal professionals, have successfully and cost-effectively settled millions of complex claims over the past decades based on functioning processes and lean IT infrastructures.
en