Atlas Technologies B.V. Declared Bankrupt, Lightyear Works with Trustee to Continue Operations - The EV Report

Netherlands – Lightyear’s operating company, Atlas Technologies B.V., has filed for suspension of outgo proceedings, which was granted by the Rechtbank Oost-Brabant successful the Netherlands. On January 23rd, the tribunal declared Atlas Technologies B.V. bankrupt and appointed Mr. R. van Oeijen from Holla ineligible & taxation arsenic trustee.

Lightyear has expressed regret implicit the concern and assured its employees, customers, investors, and suppliers that it volition enactment intimately with the trustee to code their concerns. The trustee’s main absorption successful the coming play volition beryllium the payment of the employees and creditors and the appraisal of the continuation of the Lightyear concept.

The institution acknowledges the interaction of this quality connected its stakeholders and hopes for their knowing and enactment arsenic it navigates this challenging time.

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