The sale of Partner Communications' parent company, Scailex
Corporation, to Hutchison Whampoa has hit a shoal. The Finance
Ministry and Psagot Investment House are mounting fierce
broadside attacks against the deal, claiming it will fleece
bondholders.  On Wednesday Oded Sarig, the treasury's capital
markets, savings and insurance commissioner, sent a letter to
institutionals holding Scailex bonds, ostensibly asking them to
address the deal, which he said posed a "potential violation of
fund members' rights," but in fact signaling that they should
reject it. This is the first time the commissioner has ever
intervened in a specific transaction.  "In view the possible
damage to members' rights, we would like to know how you will
protect the funds entrusted to your management," Sarig wrote.
Suny Electronics, controlled by Ilan Ben-Dov, has agreed to sell
its controlling stake in Scailex to Hutchison for $125 million
and to pay $100 million to buy back Scailex's Samsung cell-phone
importing business. One of Hutc