Israel Credit Lines' nine-year bankruptcy case could finally be nearing its end
Draft agreement provides for a NIS 60 million settlement between the receivers and the company’s investors, who include the Livnat family and Haim Tsuff.
Major Israeli oil and natural gas exploration investors neared a NIS 60 million settlement this week that, if signed, should end their legal exposure in the liquidation proceedings for Israel Credit Lines, a company that went bankrupt in 1997 following a series of bad loans and business deals. The expected settlement, which would include the Livnat family and Haim Tsuff, would come nine...
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