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Insights & News / Keren Ben Mordehay
Supreme Court Upholds Third-Party Sale Mechanism in Corporate Deadlock Dispute
The firm’s Litigation Department represented Panda Trading Systems in proceedings before the Supreme Court concerning a complex dispute between two equal shareholders, which resulted in the private company becoming embroiled in a prolonged deadlock. After the District Court accepted the firm’s position and ruled that the appropriate separation mechanism under the circumstances was the sale of the company or its operations to the highest bidding third party, an appeal was filed with the Supreme Court. The Supreme Court dismissed the appeal and upheld the District Court’s ruling, rejecting the claim for a forced buyout of the company’s shares. Panda was represented by Adv. Zohar Lande, Adv. Lina Makhuli, and Adv. Keren Ben Mordehay from the firm’s Litigation Department.