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Bankrupt businessman to defend Israeli claims after Canadian court partially lifts stay

By Dominic Lawson

31 January 2018

A Toronto court has partially lifted a stay of proceedings against the bankrupt owner of distressed property developer Urbancorp, so the debtor’s Israeli court-appointed special manager can continue to pursue creditor claims against him in Tel Aviv.

Bankrupt businessman to defend Israeli claims after Canadian court partially lifts stay Toronto (Credit: iStock.com/Michal Stipek)