Insolvency & Debt Restructuring
The firm’s Insolvency & Debt Restructuring division possesses an expertise in all kinds of insolvency proceedings, including recovery proceedings, liquidation and receivership proceedings, liens realization and bankruptcy.
The division provides legal advisement and representation to a wide range of corporations and individual stakeholders, either in third party insolvency proceedings, whether as creditors, share holders or the purchasers of assets, or under other circumstances, as well as providing legal advisement and representation to clients caught in financial difficulties and liquidation proceedings.
The firm’s clients list private and public companies, banks (both in Israel and abroad), investment funds, co-operative societies, partnerships, associations and individuals.
The division’s leading attorneys are regularly appointed as officials in a large variety of insolvency cases. Said appointments, derive from both court and the official receiver decisions, and at the requests of creditors with massive debt claims and institutional creditors represented by our firm, including the Taxes Authority, various banks, the municipality of Tel-Aviv and more.
Due to the collaboration between the firm’s divisions, this division has also acquired a great deal of experience in “niche” areas of expertise in the insolvency practice. For instance, the division also specializes in insolvency proceedings within Co-operative societies, in which the head of the division was nominated as an official by the Registrar of Co-operative Societies.
In addition to all of the above, our firm provides ongoing legal counseling and accompaniment to international institutional clients in huge ranged complex insolvency proceedings that are conducted in Israel, in relation to corporations and individuals that ran world-wide dealings and businesses.
The division has acquired a vast knowledge due to its managing partners and attorneys’ diverse experience, whose work has brought on major accomplishments and success in major and complex cases, including some of the biggest debt settlements the country has ever known. To note some of those, the division has represented Mr. Eduardo Elzstain within the framework of the IDB Group proceedings; the Hadassah Medical Center as to its restructuring and creditor arrangements; the Municipality of Tel-Aviv in the framework of the “Maariv” restructuring proceedings; the “New Agresco”, the acquirer of the collapsed Agresco company; and “Tiv Taam” in relation to its acquirement of the activities and assets of “Eden Teva Market” within the framework of its restructuring proceedings.
Attorney Yashinovsky has also been appointed and is serving as the Special Administrator of the public company “Karl Gaus”, the baby product company “Dr. Baby” and serves as the trustee for the stay of proceedings in B.B Regavim Company, alongside many other diverse proceeding