The favorite Israeli hotel chain has collapsed
In the application submitted to the court, it is alleged that the company has no activity, assets, management offices or employees, and has accumulated debts of NIS 33 million. Selena activity was discontinued in August 2024 after the English parent company opened in insolvency proceedings in England

Selena Operation Israel, which operated, through companies, hotels across the country, contacted Tel Aviv District Court on Wednesday to dismantle the company. The company’s operations were discontinued in August 2024, after the English mother opened insolvency proceedings in England.

The article was originally published in Globes

 

Please claim that the company has no activity, assets, management offices or employees. The non -paid company obligations were estimated at NIS 1.5 dictionary – debt to authorities, suppliers and employees, in addition to loans of NIS 32 million.

The company explains the collapse of the English parent company and its sale to the Singapore Corporation: “The mother company Selina PLC previously managed a host of hotels around the world and traded on the New York Stock Exchange. Selina PLC has been in insolvency procedure in England, and directs local loyalists. ”

 

According to the application, filed by Attorney Ehud Ginds of Goldblatt Ginds, in August 2024, the trustees sold the Mid Company’s assets to the Singapore Corporation, who announced all the members of the members of the term of directors in all members of all the members of all the members of all the subsidiaries, including the Israeli society where Rafi Moral and Daniel Rodsabsky. Apparently because of the ‘Iron Swords’ and the Depression in tourism in Israel, “the request was written.

As a result, Selena claims that she was left without a “landlord”, she was not appointed for replacement directors, and she was appointed Had been faced with insolvency. The company did not have financial sources to help the subsidiaries that operate the assets, pay the rent to the property owners and their current expenses, and it ceased to act.

By Editor

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