Adv. Amit Lederman was appointed, at the request of our client Extra Real Estate Finance Ltd., as receiver over a hotel under construction in Jerusalem, as well as over Mishpachat Ayat Nechmias Ltd., the operator of the “Big Shop” fashion chain. The company’s outstanding debt to Extra, arising from credit facilities extended to it, amounts to approximately NIS 28 million.

In light of the borrower’s defaults, Extra, through our firm’s Restructuring & Insolvency Department, applied to enforce the securities granted in its favour, including a floating charge over all of the company’s assets and operations, as well as a charge over real estate owned by the company’s shareholders. The District Court in Jerusalem (Hon. Judge Dorot) granted the application promptly.

The legal team included Adv. Amit Lederman, Adv. Dorit Karny and Adv. Aviad Tayeb from our firm’s Restructuring & Insolvency Department.

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