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      Archive: 3/21/2010
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      News Brief

        3/21/2010, Nisan 6, 5770

      Court Approves Africa-Israel Deal


      A Tel Aviv court on Sunday finalized a deal between creditors of the Africa-Israel company and shareholders. The deal sets up a schedule of payments for creditors from the company's income. Judge Varda Elshayach, in handing down the decision, said that the arrangement “went through many trials and roadblocks, and it was not approved on a whim of the court or the creditors.”