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The network of cinemas «Globus Max» will be eliminated

The Jerusalem district court overturned the agreement on settlement of debts of a network of cinemas «Globus Max», recognizing the fact of violations in the process of its approval.

As a result, the network of debts that exceed $ 100 million, will be liquidated and creditors will be able to return part of its debt from the sale of its assets.

Employees of the chain, the debts which amount to 2 million shekels will be forced to get their salaries through the national insurance Institute.

The network of cinemas «Globus Max» will be eliminated 07.01.2018

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