In July 2013 the Supreme Court held that the statute of limitations on a bank’s claim for damages due to a breach of an undertaking to register a mortgage securing a loan, commences on the date the borrower ceased to pay the monthly payments of the loan, and not, as claimed by the appellants, at the time the obligation to register the mortgage was violated. The Bank is represented by Meitar (LCA 4090/13 Deutsch vs. Bank Leumi).
Last week, the Be’er Sheva District Court rejected the claim of the liquidator of Bio-Oz, who sought to charge our client, who was a director of the company, with payment of all of the company’s debts, based on the claim that the defendants had successfully used intellectual property and knowledge developed by the company for the benefit of another company they owned, which they sold for more than $100 million. After conducting evidentiary hearings, including testimony of expert witnesses, and submitting summations, Judge Sarah Dovrat rejected the claim, including all its components, and determined that there had been no flaw in the conduct of the defendants. The client was successfully represented by Adv. Pinni Yaniv, a partner in our firm’s litigation department.
For more info, click here.
Meitar represented Broadcom Corporation a global leader for wired and wireless communications in its acquisition of Provigent, a leading provider of highly integrated, high performance, mixed signal semiconductors for microwave backhaul systems, for approximately $335 million.
