We provide clients with legal guidance concerning complex, high-profile, liquidation, bankruptcy and recovery processes. Drawing on our extensive experience, both practical and academic, we act on behalf of a company’s creditors, banks or the Official Receiver - enabling our clients to assess their legal options and make informed decisions.  We also handle individual bankruptcies.

Our firm has been involved in a broad range of liquidation and receivership proceedings, many involving active management of the corporation as a “going concern”. A number of the proceedings have resulted in legal precedents and well-known rulings. Our projects include:

  • The liquidation of Alliance Tire and Rubber Ltd and its subsidiary Samson Tire and Rubber Ltd.
  • Preparing creditor arrangements at the Green Computers Group, including the sale of the Green shell company to the Teshuva Group
  • Appointment by the Receiver General as special manager for Katz Infrastructure Industries Ltd. (in receivership) for the sale of its shell company
  • Liqidation of  Kenyocol Ltd. and the sale of its shell company, while creating a creditors’ arrangement
  • Liquidation of Fine Oil International, with the associated investigation and embezzlement proceedings
  • Liquidation of the Deco food factory
  • Enforcement of creditors’ rights in the liquidation of Ma’adanei Escallop Ltd.
  • Reorganization and creation of a creditors’ agreement for Gosinsky Metal Works
  • Engaging in liquidation proceedings against A. S. Audio Electronics International
  • Beni’s Catering Co. Ltd and liquidation of Kochvei Harechev Holon Ltd. and bankruptcy proceedings of Ben-Zion Wintzelberg
  • Hamerkavah Parking Ltd –  liquidation and operation
  • Yehoshua Ben Zion – bankruptcy proceedings, appointment as trustee on behalf of the Receiver General
  • Provisional liquidation of the Pikanti group
  • Provisional liquidation of the Kelet Plywood company Ltd. of Kibbutz Afikim
  • Representation of the Receiver General in various matters pertaining to the liquidation of the Bank of North America
  • Receivers for Gazit & Shacham Building Company and its subsidiaries 
  • Receivers for New-Pal Textiles (2000) Ltd.
  • Receivers for the Carlton Hotel in Nahariya
  • Creditors’ arrangement for Topper Textiles
  • Receivership for More Bakers of the Food Club Group
  • Receivership for Ronen Wolf Ltd.
  • Receivership for Smart Warehouses and its U.S. subsidiary
  • Receivership for the construction company Mivneh T.M.M
  • Receivership for TMS
  • Receivership for the Sammy Burekas Group
  • Request for receivership for the Onn Air Conditioning Group
  • Representation of the Ministry of Finance in the liquidation of the cable company Tevel
  • Representation of Paramount Pictures in the Channel 10 creditors’ agreement
  • Objecting  the liquidation of various companies – such as Adiron Metal Bending Company Ltd., Kiryat-Gat Refrigeration Company Ltd., and others

 

 

 

Selected Clients

  • Bank Leumi Le-Israel Ltd. and Israel Discount Bank (Special Credit Division) - our law firm handled various bankruptcy, liquidation and receivership proceedings of companies, factories, real estate properties, and more
  • The Official Receiver – i.e. The liquidation of Alliance Tire and Rubber Factories Ltd. (undergoing liquidation) and its subsidiary Samson Tires and Rubber Ltd. (under liquidation)
  • Government Ministries – representing public interest in certain liquidation proceedings
  • Board of Directors – i.e in Kelet Plywood, Afikim, in Alliance Tire and Rubber Co. in Beni’s Catering, etc.
  • Operating companies while in liquidation (administration) – i.e. Hamerkava Parking, Kelet Plywood Afikim, Beni’s Catering, Alliance Tire and Rubber, and many others