Leora Ofer continues to inflict defeats on her brother Doron Ofer in their legal battle over the legacy of their father, the late Yuli Ofer.
Sources inform "Globes" that today the Tel Aviv District Court rejected the appeal filed by Doron against the decision of the Tel Aviv Family Court in January 2014 that the shares of Yuli Ofer in Ofer Investments should be transferred to Leora and not to Doron. According to the information, the District Court judges also ordered Doron to pay his sister's legal costs, amounting to NIS 50,000.
The decision means that Leeora Ofer will continue to hold 51.7% of Ofer Investments, while Doron Ofer holds just 15%.
Yuli Ofer dies in September 2011. After his death, a dispute broke out between his children Leora and Doron, each of whom claimed that another will left by their father was valid.
The dispute was heard in the Tel Aviv Family Court, and in December 2014, the late Judge Tova Sivan ruled in favor of Leora and gave probate to the last will that Yuli Ofer wrote, in November 2008. She also ordered Doron to pay his sister NIS 250,000 legal costs. Judge Sivan rejected Doron Ofer's claims that an earlier will that divided the shares in Ofer Investments equally between him and Leora was valid, and that his father was not fit to sign the November 2008 will and that he did so under unfair pressure.
Ofer Investments holds 20% of Mizrahi Tefahot Bank (TASE:MZTF) and controls income-producing real estate company Melisron Ltd. (TASE: MLSR), one of the country's leading shopping mall operators.
Published by Globes [online], Israel business news - www.globes-online.com - on November 16, 2015
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