Court: Bank Hapoalim Can Seize Elbit Imaging Owner's Shares

Ruling comes as property development firm discusses debt rescheduling solution with its major bondholders.

The Tel Aviv District Court on Sunday cleared the way for Bank Hapoalim to seize real estate magnate Motti Zisser's shares in his company Elbit Imaging. The shares had been pledged by Zisser as collateral for a loan.