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Harju County Court Confirms Planet 42s Reorganization Plan for the Second Time
Harju County Court has once again approved the reorganization plan of the Estonian-founded startup Inclusion OÜ, previously known under the business name Planet42, which operates in the car rental sector. The plan had previously received overwhelming support from creditors for the second time. According to restructuring advisor Tarmo Peterson, the next six months will be of critical importance for the company.

“The reorganization plan received strong support from creditors during the second vote as well. This shows that although a fresh start presents challenges for the company, creditors still believe in the success of the reorganization of YesPablo, the new brand under which the company operates, and they consider reorganization to be a better alternative to liquida-tion,” said Tarmo Peterson, partner at law firm RASK, who was appointed as the company’s restructuring advisor by Harju County Court.

The Estonian-founded startup, which had offered long-term car rental services in Mexico and South Africa, encountered financial difficulties due to rapid expansion, issues in its business model, and market instability, ultimately leading to reorganization. According to the reorganization plan developed in cooperation with Peterson, Inclusion OÜ will focus its operations on managing and developing its subsidiary in Mexico.

Peterson stated that in terms of Inclusion OÜ’s progress and the success of the restructu-ring process, the next step will be to assess the company’s financial performance six months from now. “ “Then it will be time to take an interim summary of the extent to which the company has followed the updated financial forecasts and managed to grow its fleet,” Peterson noted.

Harju County Court initially approved the company’s reorganization plan in December 2024, following a vote in which 95 percent of creditors supported the plan. However, in Feb-ruary 2025, the Circuit Court annulled the confirmation, ruling that Miljardid Ei Millestki OÜ should not have participated in the vote without the consent of its temporary trustee. The court concluded that in the renewed proceedings, creditors must be given the opportunity to vote on the reorganization plan again. In a second vote held in May this year, the restructu-ring plan was overwhelmingly approved by creditors, whose claims account for 92 percent of all claims.