Benny Landa’s Diamond Company to Be Sold for $4 Million
Attorney Shai Bar-Nir, a partner in our Insolvency and Corporate Recovery Department, was appointed as the debt arrangement administrator for Lusix, Benny Landa’s diamond company, following a petition for a stay of proceedings submitted to the District Court.
As part of the process, Attorney Bar-Nir conducted a search for buyers for the company and its assets. After a complex procedure, the court approved the sale of Lusix’s assets to the Belgian-Indian company Phoenix for approximately $4.3 million.
The purchaser committed to employing up to 23 Israeli workers, including 13 R&D employees, as well as an additional 10 employees for at least six months.
Please see: here
Attorney Shai Bar-Nir, a partner in our Insolvency and Corporate Recovery Department, was appointed as the debt arrangement administrator for Lusix, Benny Landa’s diamond company, following a petition for a stay of proceedings submitted to the District Court.
As part of the process, Attorney Bar-Nir conducted a search for buyers for the company and its assets. After a complex procedure, the court approved the sale of Lusix’s assets to the Belgian-Indian company Phoenix for approximately $4.3 million.
The purchaser committed to employing up to 23 Israeli workers, including 13 R&D employees, as well as an additional 10 employees for at least six months.
Please see: here
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