Joulus Gazit & Co.


“Protect Victims of the Crisis in the Mega Supermarket Chain”

The Government of Israel, as a stable and strong body, and this includes the Israel Tax Authority, enjoys the preference vested with it by law, and therefore prefers itself over unsecured debtholders who have to make significant concessions on their debt. Mega is a real live example of the need to reconsider the orders of priority granted to the tax authorities in the aim of protecting weak creditors.
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