Court gives beleaguered tycoon week to find investor
Or the bondholders can hold meetings as they please; Nochi Dankner had hoped to stave off their conference.
The Tel Aviv District Court on Sunday morning denied a request from Nochi Dankner, holder of the controlling stake in the IDB business group, to postpone upcoming meetings by the group's bondholders. Judge Eitan Orenstin ruled, however, that if bank guarantees totaling NIS 430 million were placed in trust by a prospective group of investors before August 25, subsequent bondholder meetings...
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