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      Archive: 1/5/2014

      News Brief

        1/5/2014, Shevat 4, 5774

      Court: Transfer of IDB Group Delayed for Dankner Appeal

      The Tel Aviv District Court ruled, Sunday, that there was nothing in a report about the recently-approved transfer of the IDB Group to a group headed by Motti Ben Moshe and Eduardo Elstein to invalidate the transfer.

      The group, whose holdings include the Israel Discount Bank (Bank Diskont in Hebrew), has long been under the control of businessman Nochi Dankner. The court accepted a request by Dankner to delay completion of the transfer 15 days to allow him to appeal the deal, saying a long delay could harm a deal with the group's creditors and cause damages to them.