Legal Proceedings

At the District Court
in Tel Aviv
Civil Case 50075-02-22

Re: Queen of Sheba Eilat Ltd., private co. 511678203
Represented by Lipa Meir & Co. Advocates
2 Weizmann Street, 6423902 Tel Aviv
Tel: 03-6070600, Fax: 03-6070666
Email: [email protected]
The Plaintiff


Sensor Management Ltd. 328406
Road Town, Tortola, VG1110, British Virgin Islands
The Defendant;

Notice of Court Proceedings Involving
Notice is hereby given that the plaintiff, Queen of Sheba Eilat Ltd. (hereafter, "the Plaintiff") has filed a claim for declaratory relief at the Tel Aviv District Court in Israel, against Sensor Management Ltd. 328406 (hereafter, "Sensor"), which is incorporated in the British Virgin Islands and whose shareholders identity is unknown.
In 1999 sales agreements were concluded between the Plaintiff together with Or-Yam Construction and Development Ltd (hereafter, "Or-Yam"), and Sensor for sale of vacation units 722B and 725B in the Queen of Sheba Hotel, in the City of Eilat, Israel, to Sensor.
The signatory on Sensor's behalf was Mr. Gil Ovadia, who apparently was an attorney at that time, based on a power of attorney given him by Sensor. Attempts to locate Mr. Gil Ovadia have not succeeded, and this notice is published for that reason as well.
In 2004 the Plaintiff acquired the full rights of Or-Yam, including its rights in the vacation units.
In the Statement of Claim, the Court was requested to determine that the sales agreements signed with Sensor regarding the vacation units are void and/or canceled and/or that the Plaintiff is entitled to cancel them, inter alia because of their material breach by Sensor, as Sensor did not pay the contractual compensation for the vacation units, and to order removal of the caveats that were registered on Sensor's behalf as a result of signing the sale agreements.
The Plaintiff's attorneys may be approached, by the means detailed at the top of this notice, for an English-language translation of the Statement of Claim, free of charge.
The Defendant is entitled to file a Statement of Defense in this proceeding within 60 days of this notice's date of publication (3.5.2023). Should no Statement of Defense be submitted, the Plaintiff will have the right to a default judgment.
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