The court has agreed to the request of the temporary liquidators of electric car venture Better Place Inc. to extend the company's operations until July 10, "for the need of protecting assets and maximizing the price that can be obtained for its sale."
There was no opposition to the temporary liquidators' request, and most creditors supported it.
The temporary liquidators were also granted approval to operate an information office and offer for sale the company's intellectual property, subject to the rights of that property and the other legal proceedings required.
The court also determined that operating the company will be according to the terms set in its previous ruling including on employee matters.
Regarding customers who paid a deposit for buying a car in the days leading up to the company requesting liquidation, these will be handled by the temporary liquidators after the sale. However, it was decided that, "It is proper that these claims be brought to the attention of the controlling shareholder in the hope that they will consider the position of those who paid the deposits and see if they can find a solution."
Published by Globes [online], Israel business news - www.globes-online.com - on June 13, 2013
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