Finally, Israel's tycoons need to watch their step
The IDB saga shows that the country now has institutional investors willing to confront the big guys.
Two weeks ago the focus was on Bank Leumi's plan to forgive personal debts owed by Nochi Dankner, but last week it was on the Tel Aviv District Court. At issue was a plan by IDB Development's bondholders for a revamp and debt write-off that would transfer control of the company from Dankner to IDB Development's creditors.
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