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As Parent Company Heads To Liquidation, Control Struggle at Israel’s Biggest Telco Continues

On Sunday, a Tel Aviv district court judge ordered the liquidation of Eurocom Communications Ltd., the communication arm of Israel-based Eurocom Group, and ordered its real estate arm into receivership, CTech reported. Eurocom's most attractive asse ...

Daily Headline - global.abi.org - 04/23/2018 - 22:14 - 0 comments

Israeli Unions Warn Teva Pharm Over Plan to Close Ashdod Plant

Israel's main labor federation intends to take labor or legal action against Teva Pharmaceutical Industries if the drugmaker does not suspend a decision to close a plant in the Israeli port city of Ashdod, it said on Sunday. Debt-laden Teva, the wor ...

Daily Headline - global.abi.org - 04/15/2018 - 22:53 - 0 comments

Tel Aviv joint-seminar provides enriching debate

The seminar began on Monday 26 June with a fascinating reception on the beautiful terrace of the Hilton in Tel Aviv, overviewing the blue Mediterranean Sea and the 4,000 years old city of Jaffa The delegates were greeted by the presidents of INSOL Euro ...

Resource Article - twallace@abiwor... - 01/23/2018 - 10:26 - 0 comments - 1 attachment

‘Nobody Thought It Would Come to This’: Drug Maker Teva Faces a Crisis

Management missteps and tectonic shifts in the pharmaceutical business have battered Teva, which faces declining prices for generic drugs and the loss of a patent on a major branded drug, the New York Times reported. More than $20 billion has been sh ...

Daily Headline - abi_admin - 12/27/2017 - 23:47 - 0 comments

Israel Regulator Seeks to Ban Bitcoin Firms from Stock Exchange

Israel’s markets regulator will propose regulation to ban companies based on bitcoin and other digital currencies from trading on the Tel Aviv Stock Exchange, Reuters reported. Shmuel Hauser, the chairman of the Israel Securities Authority (ISA), told th ...

Daily Headline - abi_admin - 12/26/2017 - 01:06 - 0 comments

Israeli Banks Take Telecoms Tycoon Elovitch to Bankruptcy Court

Three Israeli banks asked a court Wednesday to break up Eurocom Communications Ltd., saying it’s insolvent, Bloomberg News reported. The company is part of Shaul Elovitch’s Eurocom Group Ltd., the controlling shareholder of Israel’s largest telecommunica ...

Daily Headline - global.abi.org - 12/20/2017 - 22:01 - 0 comments

Netanyahu Vows to Help Buffer Teva Workers From Turnaround Plan

Israeli Prime Minister Benjamin Netanyahu said his government will do its utmost to blunt the impact of job cuts at Teva Pharmaceutical Industries Ltd. as the debt-saddled company carries out its restructuring plan, Bloomberg News reported. Netanyahu and ...

Daily Headline - global.abi.org - 12/18/2017 - 00:40 - 0 comments

Africa Israel's Auditors Warn Of Doubts Over Its Future

Israeli property developer Africa Israel Investments may struggle to stay in business, its auditors warned on Tuesday, after its Russia-focused subsidiary AFI Development continued to be hit by the weak Russian economy, Reuters reported. "Various fa ...

Daily Headline - global.abi.org - 08/30/2016 - 22:53 - 0 comments

Historic Zim Lines Result After Debt Restructure Points The Way For HMM's Battered Creditors

Israeli container shipping line Zim last week delivered some of the best results in liner industry, reporting a net profit of $7m for 2015, recovering from a $198m net loss in 2014, The Loadstar reported. The overall improved profitability was almost ...

Daily Headline - global.abi.org - 03/29/2016 - 23:33 - 0 comments

Knesset Passes Bankruptcy Revolution Bill In First Reading

The full Knesset late Monday passed a bill in its first reading meant to completely revamp the bankruptcy scene to help bring the law on the issue into "the 21st century" as Justice Minister Ayelet Shaked has often put it, The Jerusalem Post ...

Daily Headline - global.abi.org - 03/08/2016 - 23:22 - 0 comments

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