The Recovery Proceedings
The debt arose from accounting and financial advisory services provided by Assayag to HUB. Yoav Hertman handled the demands and payment arrangements, and subsequently filed a creditor’s petition concerning the unpaid balance.
The Creditor’s Petition
The petition was filed in the Tel Aviv District Court concerning an alleged outstanding balance of US$459,020 including VAT (Insolvency Case 22584-10-26). The work included analysis of the company’s SEC filings concerning its liquidity.
Conclusion of the Proceeding
The petition was struck out by agreement. The conclusion of the proceeding was covered by Globes.