October '19   Globes

Dori Construction Ltd. has filed through our Firm – adv. Amir Bar-Tov, Shimrit Melman and Liron Sapir, a motion for stay of proceedings with the Tel Aviv-Jaffa District Court, in view of the numerous legal proceedings initiated by project developers, which caused the company cash flow problems.

The motion for stay of proceedings included an offer by the controlling shareholder, Amos Luzon Development and Energy Ltd. to reach a creditors’ arrangement, to settle the company’s debts in an orderly fashion under the court’s supervision.

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