Michael Gutman provided funding and taxation advisory services to Shikun & Binui Holdings Ltd. for approximately 20 years.
In 2006, Gutman filed a lawsuit for ILS 3,907,000 against Shikun & Binui with the Tel Aviv Regional Labor Court. In his claim, Gutman argued that he ought to be recognized as Shikun & Binui’s “employee”, and hence Shikun & Binui must pay him what he is entitled to due to those years, including severance pay and pay in lieu of advance notice.
A Chinese corporation by the name of SHANGHAI JICHUAN INVESTMENT CO. LTD, acquired the Israeli Shahal Telerefua Company, aiming to introduce Shahal’s technology to China.
On July 24, 2015, Shahal entered into an ILS 440 million merger agreement with the Chinese company.
Danny and Nalia bought an apartment in Carmiel from Raphael and Ronit in 2011, for ILS 1,420,000. After the entire consideration had been paid, Danny and Nalia received possession of the apartment and registered it to their name with the Land Registration Bureau.
David and Jacob own a successful building corporation. They decided to invest in commercial real estate.
The pair started searching for a suitable property. Both partners decided they will invest in this purchase NIS 20,000,000 of their own capital and finance the rest with a bank loan.