Our firm represents Extra Group, a non-bank credit provider, in significant proceedings in the real estate and purchasing groups sector, centred on the Hacham Group, which is involved in projects across Israel.
Among other activities, Hacham Group promoted the well-known “Israel B”K” project in Tel Aviv, inwhich approximately NIS 100 million was raised from private investors through several mechanisms. In addition, financing for the acquisition of the land was provided by Extra Group, in whose favour fixed charges were registered.
The group subsequently entered insolvency proceedings, and last week a group of investors applied to the court for the commencement of proceedings against six corporations within the group, raising allegations concerning the conduct of the controlling shareholders and, inter alia, regarding Extra’s status and the relationship between its rights and those of the investors.
On 8 February 2026, the Tel Aviv District Court (Hon. Judge Hagi Brenner, Senior Judge) appointed temporary trustees for three of the group’s corporations.
Extra Group is represented by Adv. Amit Lederman and Adv. Dorit Karny, Partners in our Insolvency and Corporate Recovery Department.
Media coverage: Calcalist
