After default in Tel Aviv, Boaz Gilad resigns from Brookland holding company

UPDATED, 5:53 p.m., Jan. 7: Brookland Capital CEO Boaz Gilad resigned from an affiliated holding company on Monday in the face of pressure from bondholders. Brookland stalled trading on its Tel Aviv bonds after announcing in November that liquidity issues would prevent it from meeting its debt obligations, according to Commercial Observer. Afterward, the company started negotiations with bondholders over $40 million that it still owes. The bondholders pressured Gilad to resign from the British Virgin […]

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