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BVR Systems 1998 Ltd.
BVR Announces Filing of Originating Motion
July 5th, 2009
BVR Systems (1998) Ltd. (OTC: BVRSF), announced, further to its announcement dated May 4, 2009, that it has filed an originating motion against Milestones Upgrading & Industries Company Ltd., Milestones Aviations SPC Ltd. and its manager Ron Tira, with the District Court in Tel Aviv. Per the originating motion the court is requested (i) to declare that a binding investment agreement has been entered into between the Company and Milestones; (ii) to declare that the Agreement in Principle, signed by the Company and Milestones, is valid and binding (iii) to declare that Milestones has breached its undertaking per the agreements by not investing the entire investment...
Source: Pharma Investments, Ventures & Law Weekly (2009-07-05)
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