With the largest combined Dispute Resolution and Banking and Finance team in the country, our Corporate Recovery and Insolvency Group has naturally been involved in most of the significant restructurings, workouts and insolvencies that have taken place in Israel. We have acted on Israel's largest disposal approved by way of a court-sanctioned creditor arrangement, we are acting for one of the major secured creditors in the corporate rehabilitation process of IDB (Israel's largest rehabilitation/Chapter 11 proceedings), we have acted as receiver on Israel's largest (in value) receivership and we regularly act for a large number of banks on major insolvency proceedings.
We offer an integrated, multidisciplinary team that draws on our firm’s internationally-recognised banking and finance, dispute resolution, regulatory, insurance, derivatives, employment, real estate and tax lawyers. Our team provides focused advice on all aspects of corporate rescues, rehabilitation proceedings, receiverships, court-sanctioned creditor arrangements, liquidations, debt recovery strategies and enforcement of security interests, including complex multi-jurisdictional restructurings and insolvencies.
Our clients include banks, financial institutions, bond holders, companies, creditors, officers and individuals on everything from creditor claims and the realisation of security interests to the recovery or disposal of assets of insolvent companies. Members of the group frequently act as trustees, receivers or liquidators in major insolvencies.
Our expertise includes:
- Reassessing strategies and advising on the implications of bankruptcy and other loan restructuring proceedings
- Assisting distressed companies in the restructuring of loan facilities and bonds and, in particular, advising on the re-negotiation of existing loan and credit facilities
- Advising on cross-border insolvencies affecting this jurisdiction
- Debt recovery and enforcement
- Reorganisations within the context of Israel's equivalent of the US Bankruptcy Chapter 11 procedure
- Enforcement and realisation of security interests