Businessman Yosef Troim claims that Alexandre Gaydamak, the son of Arcadi Gaydamak, is helping his father conceal assets and property by fictitiously registering them in his own name and through the use of foreign companies. Troim claims that all of Alexandre Gaydamak's assets really belong to Arcadi Gaydamak.
Troim claims that Arcadi Gaydamak regularly registered his assets in the name of foreign companies or in the names of his children for tax purposes, and in order to conceal his rights from the authorities and his creditors.
At Troim's request, the Tel Aviv District Court today issued an ex parte temporary foreclosure on two properties, worth NIS 57 million, which Troim claims are owned by Arcadi Gaydamak. One property is two conjoined penthouses on Levi Eshkol Street in the Kochav Hazafon project in Tel Aviv, which the Land Registry states, in the form of an alert, is registered in the name of Alexandre Gaydamak. The second property is a house on Ha'Eshel Street in Herzliya Pituah, which the Netanya Land Registry Office lists in the name of a company owned by Gaydamak.
The temporary foreclosure aims to guarantee the NIS 57 million arbitrator's ruling against Arcadi Gaydamak for breach of contract with Troim in the acquisition of a phosphates factory in Kazakhstan.
Published by Globes [online], Israel business news - www.globes-online.com - on April 21, 2009
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