Good news for the digital printing company Landa Digital Printing, founded by entrepreneur Benny Landa, which has accumulated debts of approximately 1.7 billion shekels (most of it owed to investors and shareholders). The Central District Court on Thursday issued an order to stay proceedings against the company and appointed CPA Shlomi Filiba and Adv. Sigal Rozen-Rechav as administrators.
Entrepreneur Benny Landa attended the hearing, praised the company’s potential, and, despite its financial situation, predicted an optimistic future. To date, over $1.3 billion has been invested in the company, first by Landa himself, who contributed over $220 million of his own capital, and in recent years by secured investors.
Judge Hannah Kitsis…