Better Place liquidators receive emergency court meeting, hoping to rescind deal

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August 23, 2013 00:29

 
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Just six weeks after the Green EV consortium acquired the assets for Better  Place, the fallen electric vehicle company's liquidators have requested an  emergency court meeting on Sunday to rescind the deal.

Upon declaring bankruptcy on May 26, Better Place had less than $9m. cash on  hand, and had been taken on by liquidators Sigal Rosen-Rechav and Shaul  Kotler. The Green EV consortium, led by American-Israeli solar entrepreneur  Yosef Abramowitz, won both the operational and intellectual property at the  Central District Court on July 10, for a total of NIS 18 million and NIS  25m. respectively. At Rosen-Rechav and Kotler’s request, the court will now convene in Lod on Sunday at 12:30 p.m., in order to determine the future of  the deal.

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