Amit, Pollak, Matalon & Co. Advocates and Notary maintains a strong track record in restructuring, insolvency and bankruptcy cases, acting as trustee or receiver appointed by the court, and counts leading banks and other financial institutions in Israel among its key roster of clients. The team is led by Erez Haver, who specialises in insolvencies, liquidations, reorganisations and receiverships, in addition to credit and debt settlements, while Moran Mordechay acts for corporations and private individuals involved in insolvency proceedings. Limor Segman, who was promoted to partner in January 2024, is another key contact in the group.
Restructuring and insolvency in Israel
Amit, Pollak, Matalon & Co. Advocates and Notary
Praxisleiter:
Erez Haver
Weitere Kernanwälte:
Moran Mordechay; Limor Segman
Kernmandanten
Adv. Avi Hadar and Ms. Emma Inozemtseva
Ashplast Plastic Trade & Industries 1999 Ltd.
Bank Hapoalim ltd.
Bank Leumi Le-Israel Ltd. (Leumi)
District Court in Haifa appointment – “Olive Rimonim” hotel chain
District Court in Tel Aviv appointment – NEVO FINANCE AND MORTGAGES LTD
District Court in Tel Aviv appointment – Tzabarim company
Israel Discount Bank Ltd.
Mercantile Discount Bank Ltd.
Mhamid Tawfik – Building and Development Ltd.
Registrar of Non-Profit Associations and Organizations, Division of the Corporations Authority in the Ministry of Justice
S. R. Accord Ltd.
The Official Receiver of the State of Israel
Highlight-Mandate
- Served as special managers to settle the NIS 860 million debts of Mhamid Tawfik – Building and Development Ltd.
- Representing The Official Receiver of the State of Israel in the NIS 318 million insolvency of the renowned Peri Group of construction companies.
- Representing 2 of the 3 shareholders in Azega Holdings Ltd in the many bankruptcy proceedings opened against the third shareholder in which the team achieved a precedential decision in December 2023, leading to preliminary proceedings before the economic division of the district court in Tel Aviv.
Arnon, Tadmor-Levy
Counting major companies, domestic banks, financial creditors and directors among its key roster of clients, Arnon, Tadmor-Levy stands out for its expertise in cross-border insolvency cases, in addition to representing public companies, bondholders, institutional investors and controlling shareholders in debt restructuring mandates. Gil Oren, who maintains a strong track record in large-scale public company debt arrangements and restructurings, jointly leads the team alongside Amnon Lorch, an expert in bankruptcy and restructuring matters, and Yuval Bargil, who handles a broad range of issues concerning commercial liquidation, bankruptcy and creditors' rights. Eyal Aichel is another key contact in the group.
Praxisleiter:
Amnon Lorch; Gil Oren; Yuval Bargil
Weitere Kernanwälte:
Eyal Aichel
Kernmandanten
Israel Ministry of Justice
Arbel Fund
GIZA ZINGER EVEN MEZZANINE – GSE CAPITAL
Eurocom Communications Ltd.
Israel Weapon Industries (IWI)
Y.H. Dimri Construction and Development Ltd.
Rafel Advanced Defense Systems Ltd
Africa Israel Industries
Azorim Construction (1965) Ltd.
Packer Construction Steel LP
NMC United Entertainments Ltd.
Habas Investments Ltd.
Tcm International Trade Ltd
Gindi Meguri Yokra LTD
Trax Retail Solutions Ltd.
Victory M. Marketing Ltd.
Fifth Dimension Holdings Ltd.
CIB Bank
Homat Magen Defense Technologies
Tuboul Ceramics Ltd.
GlobaLinks Group
Kama A.A. Hazionut Ltd
Al-Zahra Al-Namuthajiya School Ltd.
Every Buddy Games Ltd.
Bank Leumi LeIsrael BM
Israel Discount Bank Ltd.
Mizrahi Tefahot Bank Ltd.
FIBI- First International Bank of Israel
Constru Ltd.
Global Factoring
Lipsker & Co. Engineering Services Ltd.
Polysack Flexible Packaging Ltd
Max It Finance Ltd
Highlight-Mandate
- Acting for the trustee in the insolvency proceedings of Ability Inc and its subsidiaries in Israel.
- Advised GSE, the debt fund and private equity arm of Giza Singer Even Group (GSE), which is the largest secured creditor in the insolvency proceedings of PANGEA NGU.
- Acting as co-liquidator to Habas Investments (1960) Ltd (In Liquidation), a publicly traded real estate holdings company, managing the process, realizing the company’s holdings in Israeli projects, and overseeing the sale of real estate properties.
Erdinast, Ben Nathan, Toledano & Co
Erdinast, Ben Nathan, Toledano & Co’s expertise in bondholder matters, particularly in cases related to distressed companies, is ‘truly exceptional’ and ‘unmatched’. The team maintains a track record in high-profile restructurings and insolvencies, and showcases stellar experience in the real estate and energy sectors. ‘Extremely knowledgeable in the field of insolvency and restructuring’, Alon Binyamini and Raanan Kalir jointly lead the team; Binyamini is noted for his expertise in creditors’ arrangements and acquisitions of financially distressed companies in Israel, while Kalir also specialises in creditors’ arrangements, in addition to litigation associated with insolvency proceedings. Other key contacts in the group include Tomer Shaked and Yarden Rosenbush.
Praxisleiter:
Alon Binyamini; Raanan Kalir
Weitere Kernanwälte:
Tomer Shaked; Yarden Rosenbush
Referenzen
‘This office provides the most professional service available today in Israel. The knowledge, experience and speed of the personal service and the quality makes the difference.’
‘Alon Binyamini and Raanan Kalir are the lawyers with the most experience in the field. Their legal advice brings the client to a safe shore and lowers any risks.’
‘The team’s expertise is truly exceptional, and their attention to detail, combined with their deep understanding of the law, sets them apart. They consistently go above and beyond, offering comprehensive guidance and always making me feel supported. This firm truly provides a full-service experience that is unmatched.’
Kernmandanten
Holders of Delek Debentures
Holders of Israel Petrochemical Enterprises Debentures
Bondholders of Hertz Properties Group Limited
Bondholders of The Zarasai
Holders of IDB Development Ltd. Debentures
Alon Blue Square
Holders of Altitude Debentures
Gibui Holdings Ltd
Extra Development and Entrepreneurship
Directors of Brookland Upreal Limited
The creditors of the “Malrag” company through Adv. Raanan Kalir as a position appointed to the Company
Holders of Arazim Investments Ltd. Debentures
Apex Issuances Ltd.
I G Investech Technologies Ltd.
Liquidator of BSR Europe Ltd.
Bondholders of Tao Yields Ltd.
Or Yehuda College
Ariz Marking and Packing Solutions Ltd.
More Investment House Ltd.
Bull Trading and Investment Ltd.
Series M bond holders of Sunny Cellular Communications Inc.
Hanan Mor bondholders
Highlight-Mandate
- Represented the government company, Israel Postal Company in a complex recovery arrangement for the company, in the amount of more than NIS 1 billion.
- Acting as s liquidator for BSR Europe Ltd., a publicly traded company in liquidation. BSR Europe Ltd. owns several subsidiaries throughout Europe, holding assets valued at over EUR 100 million.
- Acting for a series of bondholders in relation to the total NIS1 billion debt from the Zarasai Group to bondholders.
FISCHER (FBC & Co.)
FISCHER (FBC & Co.) showcases ‘exceptional expertise’ in corporate restructurings, receivership proceedings, liquidations and bankruptcies, in addition to high-stakes litigation involving distressed companies. Praised for his ‘unique blend of legal acumen, practical insight and creative problem-solving skills’, Amit Pines leads the team and maintains a stellar track record in insolvency mandates, as well as restructuring and liquidation cases. Lihi Blumenfeld handles a range of matters relating to liquidation and receivership procedures of corporate insolvencies, including litigation and arbitration proceedings. Pines and Blumenfeld are commended as ‘the perfect combination of uncompromising professionalism’. Other key contacts in the practice include Tal Arazi, Omer Salzberg and Aviad Gurman.
Praxisleiter:
Amit Pines
Weitere Kernanwälte:
Lihi Blumenfeld; Tal Arazi; Omer Salzberg; Aviad Gurman
Referenzen
‘They are very creative and experienced.’
‘Amit Pines is definitely the most prominent practitioner in the insolvency field.’
‘Amit Pines and Lihi Blumenfeld, who manage the team, are both professionals in the area of restructuring and insolvency. They are the perfect combination of uncompromising professionalism, solid fundamentals, and good interpersonal relationships with the involved parties.’
Kernmandanten
Bank Mizrahi-Tefahot Ltd.
Israel Discount Bank
Mercantile Discount Bank Ltd.
Bank Hapoalim Ltd.
Michman BSD Ltd.
Top Capital – Solutions For The Entrepreneur Ltd.
Celsius Network, LLC. & GK8
Credito Specific Instrument for Funding 2 Ltd.
Hermetic Trust (1975) Ltd.
Melisron Ltd.
Ayalon Insurance Company Ltd.
Landco Israel Entrepreneurship Management Ltd.
Chavmal Co. Ltd.
Bachar Group
The Department of the Official Receiver at the Ministry of Justice
Beita Group Ltd.
Private bond holders of Unet Credit Finance Services Ltd.
Tarya P2P
Royal App Ltd.
Tatami Group
Hashalom 91 Ltd.
Taaman Food Marketing Ltd.
Mr. Sprinkler / Mr. Moti Reef
Sky Sapience Ltd.
Kenyon Harel Ltd.
Bonaich Lebnia Leami Ltd.
S. Tanous Construction and Developing Ltd.
Main Shareholders of On Track Innovations ltd.
Shareholders of Asik Infrastructure Ltd.
Jesselson Capital Corp
Otsar Aviel Ltd.
Noveto System Ltd.
Soltam Radad Ltd.
Mr. Lev Leviev
Mr. Joseph Grunfeld
Mr. Boaz Sarusi & Mr. Roni Sarusi
Mr. Nissim Zimber
Highlight-Mandate
- Representing Hermetic Trust (1975) Ltd., the trustee for bondholders (series 9) of IDB Development Corporation Ltd., an unsecured creditor in the sum of NIS 913M (approx. US$ 281M).
- Representing Credito Specific Instrument for Funding 2 Ltd. in the insolvency proceedings of Rom Kineret Properties & Investments Ltd., as the total debt reaches several hundred million NIS.
- Appointed as the Temporary Liquidator for 5 associations that manage 8 educational institutions within the Ultra-Orthodox community that oversee millions of NIS, educate approx. 1,000 students and employ around 250 teachers.
Gornitzky & Co.
The ‘creative, smart and communicative team’ at Gornitzky & Co. acts for distressed corporations, creditors, shareholders, financial institutions and private equity sponsors on a broad range of mandates, from debt and capital restructurings, corporate finance restructurings and structured receiverships to insolvency cases, where the team is often appointed as liquidators, receivers or trustees. Yaron Elhawi, who is noted for his expertise in insolvency matters, in addition to bankruptcy, debt arrangements and corporate restructuring cases, jointly leads the practice alongside Karen Reichbach-Segal, who is a ‘hands-on and highly capable lawyer with years of experience’ as a trustee in stay of proceedings and compositions with creditors, in addition to acting as the receiver and liquidator of companies. Amnon Biss, who represents creditors in distressed companies, debtor companies and their executive management in insolvency mandates, is another key contact in the group, alongside Pinhas Rubin and Ofer Tzur.
Praxisleiter:
Yaron Elhawi; Karen Reichbach-Segal
Weitere Kernanwälte:
Amnon Biss; Pinhas Rubin; Ofer Tzur; Kfir Yadgar; Guy Ido; Maya Ben Meir
Referenzen
‘A creative, smart and communicative team, led by the outstanding Karen Reichbach-Segal, who is my first recommendation in insolvency cases.’
‘Karen Reichbach-Segal is a hands-on and highly capable lawyer with years of experience.’
‘A very good insolvency practice.’
Kernmandanten
Israel Discount Bank in the insolvency proceedings of the Hanan Mor Group
Former officers of the Better Place Group – Idan Ofer, Amir Elstein, and Eran Sarig
Secured bondholders of All Year Holdings Limited
Bank Hapoalim Ltd. in the insolvency of Mr. Eliezer Fishman and companies under his control
Secured creditors of Spacecom (TASE: SCC)
Liquidators of Agrexco Agricultural Export Co. Ltd.
Oil Fields Exploration (1992) – Limited Partnership (OFE)
The PHOENIX Value P2P Limited Partnership
Danieli Environment Inc.
PANGEA NGU Ltd.
Iron S.B.T. Group Ltd.
Keter Home and Garden Products Ltd.
Wertheimer Family – owner of Tefen Open Museums
Investors in, and now creditors of, TGI Real Estate Investment Ltd. (TGI)
Migdalor – Investment Fund in Business Limited Partnership
World Vision Association (Registered Association)
Kaymera Technologies Ltd.
Bank Hapoalim Ltd. – insolvency of Yamit Filtration and Water Treatment Ltd.
Vendome Fashion Ltd.; The New D Fashion Ltd.; Telmax Fashion Ltd.
The Marine Education Company in Israel (Marine Schools)
Highlight-Mandate
- Acted for Israel Discount Bank, the largest creditor of Hanan Mor Group Ltd., who faced significant challenges due to the Group’s financial difficulties and debts amounting to approximately 2.7 billion NIS.
- Represented the secured creditors of Spacecom, a leading satellite service provider, in complex debt restructuring negotiations due to financial instability highlighted by an “ongoing concern” note.
- Represented the secured bondholders of All Year Holdings in a complex cross-border insolvency case involving debts of 2.4 billion NIS.
Lipa Meir & Co
Showcasing demonstrable experience in the retail, education and aviation sectors, Lipa Meir & Co maintains a stellar track record in insolvency litigation before the Israeli Supreme Court, in addition to representing clients in creditors' arrangements, recovery proceedings, receiverships and liquidations. Founding partner Lipa Meir leads the team alongside Zuriel Lavie, who specialises in high-stakes insolvency proceedings and debt restructurings, and Shirley Ifrach-Azor, whose experience extends to receivership and liquidation mandates, corporate rehabilitation and reorganisations, creditors' arrangements, recovery proceedings and financial reconstruction cases.
Praxisleiter:
Lipa Meir; Zuriel Lavie; Shirley Ifrach-Azor
Kernmandanten
Hanan Mor Group
Data443 Risk Mitigation
Israel Land Development Company
Yam Patuach
Mr. Shaul Elovitch
Klirmark Opportunity Fund III, LP
J. Brosh S. & Marketing Ltd. and J. Brosh Industrial Group Ltd.
Meshek Wings Tour Ltd.
Negev Ecology – Allied Group
Starwood West Ltd.
Mega Retail Group
Kal Binyan
Mr. Nochi Dankner
The Carmel Academic Center, Haifa
Eurocom Group
ONO Academic College and Peres Academic Centre
W.S.I. WALL STREET ISRAEL LTD
Rubicon Group and Kela Fund
HAIM PASKOVICH & SONS LTD|MEAT FOR ALL HAIM PASKOVITCH & SONS LTD
Highlight-Mandate
- Represented Hanan Mor Group Holdings Ltd. and eight subsidiaries who filed for a stay of proceedings to negotiate a debt settlement of approximately NIS 2.7 billion, which the court approved for 30 days.
- Appointed as trustees for the US real estate company Starwood West, which owes NIS 910 million to Israeli bondholders.
- Representing Eurocom Group in legal actions following significant financial distress due to lost satellite investments, an unsuccessful sale of Spacecom, and regulatory investigations, ultimately leading to liquidation and continued representation of senior officers and former controlling owner Shaul Elovitch in various legal proceedings.
Friedman, Yunger & Co. Advocates
Counting domestic corporations and financial institutions among its key roster of clients, Friedman, Yunger & Co. Advocates’ recent caseload includes bankruptcy proceedings and liquidations, with additional experience in receivership and reorganisation mandates. Itzhak Yunger is noted for his expertise in insolvency, liquidation, reorganisation, receivership and debt settlement proceedings, and jointly leads the practice alongside Dan Friedman, who is often appointed as receiver, liquidator, trustee or special administrator for high-profile companies. Yshay Meirsdorf focuses on insolvency cases and is another key contact in the group.
Praxisleiter:
Itzhak Yunger; Dan Friedman
Weitere Kernanwälte:
Yshay Meirsdorf
Kernmandanten
ISBECO
MATAN Advanced Health and Nursing Services
Indolex Pharma-tech
Ryze beyond
Wolt
80 Apartment owners in Towers C and D in “Tel Aviv towers”
First International Bank of Israel
Beitar Jerusalem Football Club
BSR Europe Ltd. (Under Liquidation)
Bonita De Mas (Yanit Lingerie Ltd.)
Hapoel Tel Aviv football club
Clal Insurance Enterprises Holdings Ltd
Jerusalem Municipality
Hapoel Petach Tikva Football Club
Lotus civil engineering Ltd
Rav Bariah Group
Contigo Ltd
Rigenera Pharma Ltd
Hardor Elite Design and Technology Ltd
“Lubavitch” Chabad institutions
Logis Ofer Ltd
Highlight-Mandate
- Represented ISBECO, a company grappling with severe financial difficulties and debts totaling NIS 70 million.
- Appointed as a special administrator to B.S.R. Europe Ltd. (Under Liquidation).
- Appointed as a trustee of the Beitar Jerusalem football club due to the team’s financial difficulties and the owner’s desire to sell the team.
Gissin & Co., Advocates
Noted for its experience in receiverships, liquidations and recovery of distressed companies, the ‘knowledgeable, creative and solution oriented’ team at Gissin & Co., Advocates maintains a stellar track record in representing bondholders in high-stakes Israeli debt settlements. Yael Hershkovitz leads the team and handles bondholders’ debt settlements, in addition to cross-border restructuring and insolvency cases, while Guy Gissin stands out for his expertise in debt arrangements. The team is praised by clients as ‘highly professional and always available’.
Praxisleiter:
Yael Hershkovitz
Weitere Kernanwälte:
Guy Gissin
Referenzen
‘Highly professional and always available.’
‘Knowledgeable, creative and solution oriented.’
Kernmandanten
Gindi Brothers
Series B Bondholders of Delsha Capital
Selina secured creditors
Phonix Insurance
Shareholders of Gamida Cel
Hermetic Trust
Reznik Paz Nevo Trusts Ltd.
Mishmeret Trust Ltd.
Bondholders of Africa Investments Ltd.
Bondholders of Brookland Upreal BVI
Bondholders of Starwood West BVI
Elag Group US 2019 bondholders
Group of Investors in All-Year
Goldfarb Gross Seligman & Co.
The team at Goldfarb Gross Seligman & Co. advises on creditors’ agreements and corporate recovery of companies, in addition to acting as receiver, liquidator and trustee in insolvency and debt settlement proceedings. Praised as a ‘scholar in the field of insolvency and restructuring’, senior counsel David Hahn jointly leads the practice alongside ‘great litigator’ Aaron Michaeli, who is noted for his expertise in insolvency disputes, and Hagit Blaiberg, who represents corporations and financial institutions as creditors in insolvency cases. Yehuda Rosenthal is another key contact in the group.
Praxisleiter:
David Hahn; Aaron Michaeli; Hagit Blaiberg
Weitere Kernanwälte:
Yehuda Rosenthal
Referenzen
‘David Hahn is a great lawyer and scholar in the field of insolvency and restructuring. He has a brilliant legal mind and can find solutions in sensitive situations, and is very pleasant to work with.’
‘Aaron Michaeli is a great litigator. He is professional and knowledgeable, and has the ability to calm clients in stressful situations.’
Kernmandanten
Alon Israel Oil Company Ltd.
Dor-Alon Energy In Israel (1988) Ltd.
4iG Nyilvánosan Működő Részvénytársaság
Related Commercial Portfolio Ltd.
Black Spruce Management LLC
ENvizion Medical Ltd.
Menora Mivtachim Insurance Ltd.
Shapir Civil and Marine Engineering Ltd.
Corrigent Corporation
Castro Model Ltd.
Nahor Ltd.
Shufersal Ltd.
BE Drugstores Ltd.
A.Y.R.A.D Investments Ltd. (Bank Leumi le-Israel B.M.)
Israel Agricultural Bank Ltd. (voluntary liquidation)
Israel Discount Bank Ltd.
Naveh – Gad Building Development Ltd.
Canada Israel Group
Sapac Trading Ltd., Thermostat For Israel Ltd., and Elzi – Nir Holdings Ltd.
Ramat-Hanasi Gav-Yam Rassco Ltd. and Rassco Residence Ltd.
Tapugan Industries Ltd.
New Lineo Cinema (2006) Ltd.
Elad Israel Residence Ltd.
Ramat Tivon Parental Dormitories Ltd.
The Israel branch of Wall Street English (formerly Wall Street Institute)
Matrix IT Ltd.
Six former directors of Orckit Communications Ltd. (in Creditors Arrangement)
Shareholders in Captain Curry Ltd.
Orkal Solutions Ltd.
Kardan Yazamut (2011) Ltd.
Kardan Israel Ltd.
Directors of Olimpia Real Estate Holdings Ltd. (in liquidation)
Treato Ltd.
AORA Solar Ltd.
Ramat Tivon Parental Dormitories Ltd.
Albar Engineering Supervision and Project Management Ltd.
Addoox Media Ltd. (in Voluntary Liquidation)
Logistipharm Ltd.
Ultraplast Technologies 2018 Ltd.
Pentalum Technologies Ltd.
RiT Technologies Ltd.
Alon Delek Ltd. – Alon Israel Oil Company Ltd.
Alotera Group Ltd.
CHS Inc.
Cx Technologies
Dr. Jeff Brooks
EatWith Media Ltd.
Eliyahu and Yuval Orgad
E-sense
Fidelis Partners
I.D.I. Insurance Company Ltd.
Internet Gold Golden Lines Ltd.
ION Terra
Israel Petrochemicals Enterprises Ltd.
KDM Engineering & Cranes Ltd.
Maven Wealth Management
Mati the cast and Building Centre Ltd.
Mekorot Water Company Ltd
M.R. Box
Office Depot Ltd. (in liquidation)
OZ Vision Ltd
Playboy Israel
Robin Hood Pro. Ltd
Sckipio
S-Israel Ha-Rechassim 30 (Switzerland Israel Group)
Tarya P2P, Ltd.
The National Insurance Institute of Israel
Therapix Biosciences Ltd.
WB Debt Acquisition LLC
Mekorot
Israel Petrochemical Enterprises Ltd.
Nutrits Ltd.
Breath of Life International Ltd. (BOL Group)
Sprout.ai
ROOTS– Sustainable Agricultural Technologies Ltd.
Similari
GistMD
Indolex
Highlight-Mandate
- Representing the international corporation 4iG in leading a 1.2 billion ILS debt settlement for Israeli communications satellite company Spacecom Communication Ltd.
- Representing Israeli-American public medtech company ENvizion Medical in its insolvency proceedings.
- Providing legal opinion on Israeli insolvency law to Corrigent Corporation that was wholly accepted by a Texas Federal Court as part of a patent infringement claim filed by Corrigent against Cisco Systems, Inc. related to patents Corrigent originally acquired from an insolvent Israeli company, Orckit.
Herzog Fox & Neeman
The ‘exceptional and knowledgeable team’ at Herzog Fox & Neeman handles a broad range of matters, including corporate insolvencies, rehabilitations and restructurings, with demonstrable experience in handling cross-border mandates. Praised as a ‘savvy, canny and knowledgeable litigator’, Yaniv Dinovitch stands out for his expertise in multi-jurisdictional insolvency cases, and jointly leads the practice alongside Alan Sacks, who acts for banks and foreign companies on restructuring matters, and Asher Dovev, who is often appointed as liquidator or trustee for companies in liquidation proceedings. Key clients include financial institutions and multinational companies.
Praxisleiter:
Alan Sacks; Yaniv Dinovitch; Asher Dovev
Referenzen
‘Yaniv Dinovitch is a savvy, canny and knowledgeable litigator. A real court room bruiser.’
‘Exceptional and knowledgeable team for high-value complex and international matters. Excellent attention to detail and hands-on approach.’
‘Yaniv Dinovitch is our go-to-contact and always a pleasure to work with. A real expert in his field. He is truly exceptional, hardworking, smart and highly versatile. He is proactive and provides us with top-notch advice on large and complex situations.’
Kernmandanten
Hutchison Group
Mishkey Hanagev
Highbridge Funds
Walt Disney Israel Ltd
HSBC plc
European Investment Bank
CitiBank, N.A, London Branch
Alitalia Società Aerea Italiana S.p.A (in Extra-Ordinary Administration)
BNP Paribas
Goldman Sachs International
HPIB (Israeli Branch)
Morgan Stanley
Big Dutchman International GmbH
Ilwella Pty Ltd.
College of Law & Business (R.A)
Sears Israel
Y.H Dimri Construction & Development Ltd.
Israel Electric Corporation
WSE Hong Kong Limited
Dolphin A.L (the controlling shareholder of the IDG Group)
Israel Discount Bank
Credit Suisse (London branch)
Leumi Bank Le-Israel Ltd
Saga Core Ltd (Sogur)l
Intel
Jerusalem Bank
Meitav Dash
Ayalon Insurance Company
R.O.P LTD
Hon Hai Precision Industry Co. Ltd (Foxconn Group)
D.N.A Financing services, cooperative society
Local Government Economic Services Ltd. (Mashcal)
Barzani Urban Renewal Ltd
Debora Hotels Ltd
BNY Mellon Bank
Carasso Real Estate Ltd
Highlight-Mandate
- Advised funds managed by Highbridge Capital Management, LLC in the cross-border debt arrangement of Gamida Cell.
- Nominated as Joint Trustee for the group of companies known as ‘Bereshit’ (D.A.Y.C), in an alleged cross-border Ponzi scheme.
- Advising Reality Finance Fund, one of Israel largest invest funds, in the Debt Arrangement of Hanan Mor Group.
Meitar Law Offices
Regularly appointed as liquidators, receivers and trustees in insolvency proceedings, the team at Meitar Law Offices advises on a broad range of matters, including receiverships, creditors’ arrangements and the rehabilitation of financially distressed companies. Pinni Yaniv handles cross-border insolvency cases litigated in Israel, with additional experience representing domestic and international creditors in bankruptcy and reorganisation proceedings. Yaniv jointly leads the team alongside Amir Dolev, who acts for creditors in insolvency cases, in addition to advising on the rehabilitation of financially distressed companies and debt arrangements.
Praxisleiter:
Pinni Yaniv; Amir Dolev
Weitere Kernanwälte:
Eyal Rozovsky
Kernmandanten
Vesttoo
Gamida Cell
Honigman & Sons Ltd
Bank Mizrahi Tefahot
Rezilion Ltd
Avnon Group
Gmul Investments
Agadim Group
Nava Gottesman
SS Adir Promotion and Investments
Highlight-Mandate
- Representing Vesttoo Ltd. in a US$4bn cross border insolvency proceedings.
- Representing Gamida Cell Ltd. in a US$100m cross-border insolvency proceeding.
- Representing Bank Mizrahi Ltd in the NIS2bn restructuring case of Hanan Mor Holdings.
Naschitz, Brandes, Amir & Co.
Showcasing demonstrable experience across the financial services and construction sectors, Naschitz, Brandes, Amir & Co. merged with Cohen, Wilchek & Co. in December 2023, bolstering its prowess in handling large-scale insolvency cases, in addition to bankruptcy proceedings, restructuring distressed companies and maximising creditor returns. Alona Baumgarten, who stands out for her expertise in matters concerning corporate recovery, creditor protection, creditor settlements, debt settlements and bankruptcies, jointly leads the team alongside Avner Cohen, who maintains a track record in handling dissolutions, liquidations and insolvency cases. Both Ido Einat and Elad Afari are experts in insolvency, representing debtors, creditors and investors in rehabilitation, liquidation and debt settlement proceedings.
Praxisleiter:
Alona Baumgarten; Avner Cohen
Weitere Kernanwälte:
Ido Einat; Elad Afari; Yaron Rossman
Referenzen
‘Alona Baumgarten is an experienced lawyer in this field.’
‘Alona Baumgarten is a lawyer with extensive experience in the field of insolvency, known for her professionalism and ability to bridge complex legal issues.’
Kernmandanten
Courts Appointed – Trustee of Globus Max
Bank Hapoalim
Clal Insurance Enterprises Holdings Limited.
Union Bank
Court Appointed Shachaf Security
Bone HaZafon
ISRAEL IS BUILDING THE NORTH
Unet Credit Finance Services
Plastnir
Galita
Rachmani
Agrotop Ltd.
Ayeleth HaShachar
Yaadim Group
Menif Financial Services
DAHAS CRANE & SERVICES ASHKELON (1979) LTD.
NESS POLYMERS LTD
SHULTZ QUALITY CATERING 1997 LTD
Courts Appointed – Tanus Construction and Development
Court Appointed – Na’ot Ha’Pisga, Modi’in Ilit Ltd.
Courts Appointed – Leadcom Integrated Solutions Limited.
Saba Habib Olive Oil Ltd.
Mercantile Discount Bank
Israel Discount Bank
Court Appointed – Innovative Patents and Tisteron Ltd
Court Appointed – Mordechai Binyamin and Sons Earthworks (1993) Ltd.
Court Appointed – Discreet
Court Appointed – Shtula Metal-G.
Court Appointed – The AMI Project Initiatives Group Ltd.
Court Appointed – Dalhom
Registrar of Fellowship Societies
Courts Appointed – M.R.A Pharm and Hassan Khalaila
Court Appointed – Mazada Refael Tours
Court Appointed – Ziron No
Court Appointed – ARD Aviv Holdings
MOKED YASUR SECURITY SERVICE 2000 LTD
PARENTS NURSING LIMITED PARTNERSHIP
Trade Options Marketing LTD
K.M.T. (M.H.) TECHNOLOGIES COMMUNICATION COMPUTER LTD
Treat App Ltd
BEE SKY CONSTRUCTION AND ENTREPRENEURS LTD
Highlight-Mandate
- Appointed as trustee for Unet Credit Finance Services, a TASE-listed provider of non-banking credit services and representing the company in its ongoing recovery settlement plan which is structured around two instalments, catering to two distinct tiers – investors and bondholders.
- Appointed by court as joint-trustee of Shachaf Security’s and representing the company in the sale of its security-related activities to Modiin Ezrachi, a civil intelligence enterprise.
- Appointed by court as joint-trustee in the insolvency proceedings of the Agrotop Group and representing companies within the group in the sale of Agrotop’s shares to its purchaser.
Shibolet & Co.
The ‘excellent’ team at Shibolet & Co. stands out for its expertise in liquidation proceedings and receiverships, in addition to acting for banking institutions, international and domestic corporations, real estate contractors and high-tech companies in bankruptcy cases and reorganisations. Joseph Benkel ‘brings decades of experience’ in bankruptcy proceedings and insolvency cases, and jointly leads the practice alongside Amir Frankl, who represents creditors and debtors on matters involving distressed companies and liquidation of real estate and other property. Other key contacts in the group include Jonathan Ashkenazi, who is often appointed as trustee in insolvency proceedings, Nir Shamri and Omer Bar Ilan.
Praxisleiter:
Joseph Benkel; Amir Frankl
Weitere Kernanwälte:
Jonathan Ashkenazi; Nir Shamri; Omer Bar-Ilan
Referenzen
‘The team is excellent at focusing on the strategic objectives of the client, with the tactical nous to achieve that. They are exceptionally good at spotting points to be explored.’
‘Joseph Benkel and Nir Shamri are both stand-out individuals. Joseph brings decades of experience and is exceptionally shrewd. Nir sees the big picture, while being willing and able to grind through the detail.’
Kernmandanten
Harel Insurance Investments & Financial Services Ltd.
Court nomination – Medo Business Ltd. (in liquidation)
Court nomination – Tapuday Hashlosha Ltd. (in liquidation)
Court nomination – Ariel Bonus Ltd. (in liquidation)
Court nomination – Lavier Israel Ltd. (in liquidation)
Court nomination – S.D.I Marketing And Production Ltd. (in liquidation)
Court nomination – Ultra Bin Ltd. (in liquidation)
Court nomination – Central Bus Station in Tel-Aviv
Court nomination – Eliezer Fishman’s bankruptcy proceedings
Court nomination – Hashkaot Kedayot Ltd. (in Liquidation)
Court nomination – Tirzalit Ltd. (in Liquidation)
Court nomination – Fishman Family Properties Ltd. (in Liquidation)
Court nomination – Fishman Family Properties Management (1988) Ltd. (in Liquidation)
Inventech Central Hotels Ltd. (in liquidation)
Court nomination – Maavar Ltd. (in liquidation)
Alexion Pharmaceuticals Inc. (NASDAQ: ALXN)
Echtman – Engineering corp. Ltd.
Highlight-Mandate
- Representing Harel Insurance Investments & Financial Services Ltd. in a stay of proceedings under Amendment 4 of the Insolvency and Economic Rehabilitation Law, 2018, filed by Hanan Mor Holdings Ltd and its subsidiaries.
- Appointed by the Tel Aviv District Court, to serve as trustee in bankruptcy of the former Israeli tycoon Eliezer Fishman’s bankruptcy proceedings (Court nomination).
- Appointed by the District Court in Lod, to serve as trustee of three companies which held and operated the Central Bus Station in Tel-Aviv.
Weksler, Bregman & Co., Advocates
Regularly appointed as special administrators, trustees, receivers and liquidators in insolvency cases, the team at Weksler, Bregman & Co., Advocates is noted for its expertise in debt restructurings, liquidation proceedings and rehabilitation mandates. Ofer Yankovich maintains a strong track record in debt restructurings, while Doron Dan focuses on liquidation proceedings and Hila Goldfeld advises on the recovery and rehabilitation of companies undergoing difficulties. Yankovich, Dan and Goldfeld collectively lead the practice alongside Eran Shuster, who frequently assists on restructuring matters.
Praxisleiter:
Ofer Yankovich; Doron Dan; Eran Shuster; Hila Goldfeld
Kernmandanten
Africa Israel Investments Ltd.
Afdor Ltd.
Africa Israel Residences Ltd. (AFR)
Africa Israel Urban Renewal Ltd. (AFU)
Yarden Hotels M.H.Y. Ltd.
AY Electronics Ltd. (AY)
North America Bank Ltd. (in liquidation)
Trade Bank Ltd. (in liquidation)
Debenture Holders of Maayan Ventures Ltd.
Negev Group
Hermetic Trust Services (1975) Ltd., trustee of the bond holders of Gmul Investment Company Ltd.
A debenture holder of Urbancorp (a Canadian real estate company)
HSBC Bank
Bank Hapoalim
Highlight-Mandate
- Acting for Bank Hapoalim in its capacity as a creditor, in the debt restructuring proceedings of Delek Group and Yitzhak Teshuva’s group of private companies.
- Acted for HSBC in its capacity as a creditor, in the insolvency proceedings of Eurocom Group, which received and continues to receive extensive media coverage.
- Representing AFR in its scope as creditor in a stay of proceedings and liquidation relating to a construction company, U. Dori Construction Ltd, and Ihud hayedodot Ltd.
AYR – Amar Reiter Jeanne Shochatovitch & Co
Often appointed as receivers, liquidators, settlement managers and trustees in stay of proceedings and debt settlements, AYR – Amar Reiter Jeanne Shochatovitch & Co showcases demonstrable experience in bankruptcy cases and insolvency proceedings, and acts for clients across the telecoms, real estate and construction, financial services and retail sectors. Amit Lederman leads the team and represents clients in insolvency proceedings and debt settlements, in addition to rehabilitation and receivership matters, while Dorit Karny assists with domestic and cross-border insolvency cases. Wassim Sibat is another key contact in the group.
Praxisleiter:
Amit Lederman
Weitere Kernanwälte:
Dorit Karny; Wassim Sibat
Kernmandanten
Morya group Ltd
Rahmani D. Earthmoving Works Ltd
S.A.C.F Engineering Group Ltd
MHR1 Investment Management Ltd
Marathon Xfone 018 Ltd
Bikov Group Ltd
Yuvalim City-Boy Ltd
Michal-Negrin Ltd
Bnei Baker Zoabi Construction Ltd
Elran (D.D) Investments Ltd.
Unet Credit Finance Services Ltd
Frietz
Highlight-Mandate
- Represented Unet Credit Finance Services Ltd., the off-bank credit company, in a voluntary settlement with its creditors, after it fell into a crisis due to suspected serious misdeeds by the previous management, and following a previous settlement proposal, which was rejected due to the opposition of the authorities (the Official Receiver and the Securities Authority) as well as a significant portion of the creditors.
- Served as a co-trustee on behalf of the court for the operation and proper management of the Morya group which consists of 38 companies operating in three separate sectors.
- Representing private investors who invested in the projects of MHR1 Investment Management Ltd. (real estate assets in Germany) and have not received returns on their investments.
FWMK (Furth, Wilensky, Mizrachi, Knaani)
FWMK (Furth, Wilensky, Mizrachi, Knaani) ‘stands out for its remarkable efficiency, extensive expertise and unwavering commitment to delivering top-tier legal services in the field of insolvency, including highly complex, cross-border insolvency procedures’. The team is also noted for its experience in liquidation proceedings, creditor arrangements, bankruptcy cases and receiverships. Practice leader Lior Dagan ‘ability to navigate cross-border insolvencies and creditor arrangements with precision and efficiency sets him apart from competitors’, while Idan Adler Reiss advises on insolvency cases involving sports associations, private and public start-ups, contracting and retail companies.
Praxisleiter:
Lior Dagan
Weitere Kernanwälte:
Idan Adler Reiss; Zvi Karl
Referenzen
‘This practice stands out for its remarkable efficiency, extensive expertise and unwavering commitment to delivering top-tier legal services in the field of insolvency, including highly complex, cross-border insolvency procedures. The team consistently demonstrates integrity, deep legal knowledge, and the courage to tackle even the most challenging cases, no matter the complexity.’
‘Lior Dagan is a lawyer whose integrity and courage sets him apart in the legal profession. His vast experience and deep knowledge, particularly in complex insolvency matters, makes him an exceptional lawyer who consistently delivers outstanding results for his clients.’
‘I have worked with Lior Dagan and Zvi Karl. They are both responsive, great to work with and Lior’s experience and strategic thinking is second to none.’
Kernmandanten
EGFE Israel Ltd (in liquidation)
EGFE USA LLC (In liquidation)
EGFE Hungary KFT (in liquidation)
Michael Ben Ari (in bankruptcy)
Vaniglia Group [4 entities under liquidation]
Intercure Ltd.
Mr. Zvi Ivri controlling shareholder of Ashplast Plastic Industries Ltd. (In creditors arrangement)
SG Holdings and Investments Ltd
Shmuel Donnerstein
Boaz Koren and 100 Investors who invested in AGA holdings (Kenyon Harel)
GKI Group and Gal Kalkstein
Orckit Communications Ltd (under creditors arrangement)
Michael (Miki) Iluz
Zvi Rotbart
Eitan Mordechai
Zehav Arbiv
Adv. Assaf Shomrat, the court appointed trustee of INVEST DOT COM (ISRAEL) LTD and IDC Investdotcom Holdings Limited
Guy Peleg
Cogito Capital
Oram Investments and Development (2008) LTD
Toam financing Ltd.
Litomina Olegovna
Ruslan Obskov
Anonima Trade Ltd (in rehabilitation)
Decibel Cannabis Company Inc.
We grow Ltd.
Gist MD Ltd (in liquidation)
Nutrits Ltd (in receivership)
Arbel Fund 2
Arbel fund 2b
Zvi Biran
Tom Real Estate Holdings (1992) LTD.
TOM HOLDINGS LTD.
Biran Z. Holdings (1999) LTD.
GLOBAL POWER EPC LTD (in liquidation)
Converting Ltd.
Highlight-Mandate
- Acting as the court-appointed trustee in the cross-border insolvency proceedings of Michael Ben Ari and EGFE involving one of the largest Ponzi schemes in Israeli history.
- Representing Mr. Zahav Arbiv, owner of a major dairy farm, in a creditor settlement case.
- Served as the operating receiver for Nutrits Ltd, a startup specialising in AI-based baby monitors and baby feeding products.
Firon Law Firm
The team at Firon Law Firm has experience in insolvency proceedings, including the management and representation of clients in debt arrangements, in addition to advising on corporate restructurings, rehabilitation issues and liquidation mandates. In February 2024, Shlomo Nass joined the firm from Doron, Tikotzky, Kantor, Gutman, Nass, Amit Gross & Co., bolstering the practice's expertise in liquidation and stay of proceedings. Nass leads the team alongside Ron Bar-Nir, who maintains a track record in insolvency and debt settlements involving publicly traded companies, and Shay Bar-Nir, who represents creditors and stakeholders in liquidation proceedings.
Praxisleiter:
Ron Bar-Nir; Shay Bar Nir; Shlomo Nass
Kernmandanten
Migdal Insurance Company
Ashtrom
Mega Or
Shaked Partners
Ashlad
Dilon
Europe towers
Herzliya Medical Center
Michlol
Agrexco Agricultural Export Company Ltd.
Court appointment: Yamit Israel Company
Panorama center
Court appointment: 180 cc
Court Appointment: Avidar, SecurityServices Ltd., Xact Robotics Ltd.
Court appointment: Co-op Israel Supermarkets Chain Ltd.
Court appointment: Maccabi Bnei Reina Association for the Advancement of Youth Sports in Reina
Court appointment: Israel Ice Hockey Association
Highlight-Mandate
- Appointed by the court as trustee for Yamit Israel Company.
- Representing trustees of Agrexco Agricultural Export Company Ltd.
- Representing trustees of Co-op Israel Supermarkets Chain Ltd. and submitting a NIS 50m suit in this capacity
S. Horowitz & Co
Counting banks and other financial institutions, bondholders, Israeli companies and creditors among its key roster of clients, the ‘efficient, available, and responsive’ team at S. Horowitz & Co handles a range of matters, from corporate rescues, rehabilitation proceedings and receiverships to court-sanctioned creditor arrangements and liquidations. Ehud Arzi, who handles contentious restructuring and insolvency mandates, jointly leads the practice alongside Ran Feldman, who represents clients in liquidation proceedings, bankruptcy cases, receivership matters and freezing procedures. ‘Excellent’ Noam Zamir is another key contact in the group.
Praxisleiter:
Ehud Arzi; Ran Feldman
Weitere Kernanwälte:
Noam Zamir
Referenzen
‘Good knowledge of the law, responsiveness and good communications.’
‘Noam Zamir is excellent.’
‘The team is very strategic in its approach to insolvency matters. They efficient, available, and responsive.’
Kernmandanten
Israel Discount Bank Ltd. (TASE: DSCT)
Bank Hapoalim Ltd. (TASE: POLI)
Vesttoo Ltd
ALTI UAS (PTY) LTD
Highlight-Mandate
- Representing Discount Bank in Eliezer Fishman’s bankruptcy.
- Representing Bank Hapoalim in recovery proceedings of loans exceeding NIS 1 billion.
Yehuda Raveh & Co.
The ‘highly skilled and client focused’ team at Yehuda Raveh & Co. is noted for its expertise in court-appointed insolvency cases, with additional experience in restructurings arising out of the real estate sector, liquidation proceedings and receivership matters. Chagai Ulman leads the team and regularly serves as court-appointed trustee in Israeli bankruptcy cases, as well as advising on receivership, liquidation and stay-of-proceedings. Noa Solomon Ben Meir handles reorganisation and bankruptcy mandates, and is another key contact in the group.
Praxisleiter:
Chagai Ulman
Weitere Kernanwälte:
Noa Solomon Ben Meir
Referenzen
‘The team is highly skilled and client focused, delivering tailored solutions through a blend of legal expertise and collaborative approach.’
Kernmandanten
Eurocom Real Estate
Creditors of Eurocom Real Estate
IDB Holdings
The Hadassah Women’s Zionist Organization
Israel Discount Bank (TASE: DSCT) and Bank of Jerusalem (TASE: JBNK)
Naot Hapisga Modi’in Illit Ltd.
Creditors of Alon Israel Oil Company
Creditors of Kardan Real Estate (TASE: KARE)
El Al Pilots (TASE: ELAL)
Amitim Pension Fund (Creditors of Delek Group)
Yalin Lapidot Investment House (Creditors of Tshuva Group)
Expo Fund
Kamor
Adama
Three leading water boilers companies
Special Expertise: Insolvency in Non-Profit Organizations
Special Expertise: Insolvency in Real Estate Acquisition Group
Peninsula (TASE: PEN)
Yesodot Group
M.S. Remix Moving Ltd.
Highlight-Mandate
- Filed a petition for debt settlement on behalf of the creditors of Alon Group, a private holding company that has accumulated NIS 2 billion in debt.
- Acting as a special administrator of the Adama Group and the assets of its former owner, Oren Kobi after Adama collapsed in 2016 and left debts of tens of millions of shekels.
- With Eurocom Real Estate owing hundreds of millions of NIS to its creditors, represented the financial institutions to the purpose of selling the rights in the project and the controlling share of Spacecom.