Since the establishment of XX Ltd the holding of the registered shares has remained intact, but in fact the
- XX Ltd is the holder of the shares of AA Ltd.
This company is involved in the purchase of a property worth NIS 1,400,000 and is engaged in a construction project in this area.
- Society (H)
At the time of the opening of the proceedings: 33% of the shares of this company were directly owned by the man, while another 33% of the shares were owned by another person and another 33% of the shares were owned by a third person.
- Since the establishment of XX Ltd the holding of the registered shares has remained intact, but in fact the
XX Ltd is the holder of the shares of AA Ltd.
- This company is involved in a TAMA 38 project, which is worth approximately NIS 3,500,000.
- XX Ltd
As stated above, this is a registered company, with 100% of its shares owned by the man, through the company "AA Ltd". In practice, this company holds shares in the entire cluster of companies that the man manages.
- In total, these are nine companies whose value is unknown and requires an expert evaluation.
At this stage, on the face of it, these companies hold real estate worth approximately NIS 40,000,000, some of which is fully owned by the man (through the companies he owns) and part of which is owned by others.
- To this must be added a number of additional immovable assets, worth approximately NIS 18,000,000, and these are:
- the residential apartment worth approximately NIS 7,000,000; According to the estimates of the parties themselves in the hearing;
- The vacation apartment in Asher is worth approximately NIS 6,000,000, according to the estimates of the parties themselves in the hearing;
- 1/3 The rights to the land on L Street with a total value of approximately NIS 30,000,000, carries a mortgage of approximately NIS 15,000. The additional rights are held by two other people: Mr. -- and Mr. --. The value of the man's share is about NIS 10,000,000 and after deducting the mortgage is about NIS 5,000,000. (Foreclosure on half)
- about 1/16 of agricultural plots worth about NIS 200,000;
- It was found that the value of all the real estate assets that the man holds, some of them himself and some through companies in which he holds a significant part of the shares, is about NIS 58,000, and to this must be added the value of the companies, which at this stage is unknown.
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- 0The remedy required in the action is the balance of resources between the spouses, with the applicant entitled to receive half of the value. At this stage, the main goal of the remedies required is twofold: both to clarify the value of the assets and to ensure that they are not smuggled, by taking measures that will enable these companies to continue to operate, in order to generate profits. The following is an explanation of each of the remedies on the agenda.
First Remedy – Joining the Corporations as Additional Defendants:
- From a legal point of view, Section 6(f) of the Family Court Law, 5755-1995 states:
"A family court may add to the action a person who, for the purpose of clarifying the claim and deciding the dispute, is required to be a party to it, regardless of the subject matter of the claim or its value."