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  1. Restructuring and insolvency
  2. Leading individuals
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Who Represents Who

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Amit, Pollak, Matalon & Co. Advocates and Notary advises banks such as Bank Hapoalim and Bank Leumi on debt settlement and liquidation proceedings. Practice head Erez Haver is routinely appointed as trustee or manager, and represented the Israel Tax Authority in ten cases regarding the realisation of assets held by debtors.

Friedman, Yunger & Co. Advocates’ recent work includes representing holding companies and insurers in litigation and handling numerous trustee and administrator appointments. Dan Friedman advised Clal Insurance on the insolvency of Hadassah Hospital and Itzhak Yunger was appointed as the temporary liquidator of The Jerusalem Symphony Orchestra.

Gornitzky & Co. assisted IDB Development with a creditor arrangement delisting the group from TASE and advised Rami Levy Chain Stores on Mega Retail’s insolvency. Pinhas Rubin and Yaron Elhawi head the group, which also acts for financial institutions.

Lipa Meir & Co’s Amir Bartov has been acting for Mega Retail Group regarding its NIS1.5bn debt and reached a settlement with Israeli banks, allowing the client to resume activity. The department handles creditor agreements for Africa Israel Investments and ZIM Integrated Shipping and represents Israeli banks as creditors during liquidations.

At Weksler, Bregman & Co., Advocates, department head Amit Pines serves as outside general counsel to the Official Receiver in the Ministry of Justice and advises many of Israel’s banks on asset realisations and liquidations, as well as debt restructuring and creditor agreements for various bondholders.

The ‘strong and responsive’ team at Herzog Fox & Neeman has experience acting for domestic and international creditors. Asher Dovev is serving as liquidator on behalf of Heinz-Kraft regarding the group’s subsidiaries. Alan Sacks has ‘an extremely pragmatic approach’ and Yaniv Dinovitch is ‘an impressive and knowledgeable lawyer’.

The lawyers at Naschitz, Brandes, Amir & Co. act as court-appointed trustees of Israeli companies. Alona Baumgarten acted as a trustee for Morechai Binyamin & Sons Earth Works, successfully arranging the sale of the company before the creditor arrangement was approved.

Ehud Arzi leads the banking disputes practice at S. Horowitz & Co, which regularly acts for Israeli banks. It has been acting for Bank Hapoalim regarding the debt refinancing of Israel Petrochemicals Enterprises, as well as in a separate NIS1bn loan recovery. The team also handles debt arrangements for Paz Oil and Reshet Media.

Yigal Arnon & Co assists five of Israel’s ten largest banks in relation to the insolvency of various clients. Amnon Lorch was part of a team that was appointed as legal counsel regarding the insolvency and subsequent liquidation of Israel Broadcasting Authority.

Fischer Behar Chen Well Orion & Co has advised debtors on a number of large debt rearrangements. Practice co-head Avraham Well has been acting for Mirland Development Corporation in a NIS900m debt restructuring and Yoram Bonen, who jointly heads the group, assists the bondholders and trustees of several trusts.

Aya Yoffe’s team at GKH – Gross, Kleinhendler, Hodak, Halevy, Greenberg & Co works for domestic and international companies in bond restructurings. Michael Ginsburg has been instructed by the shareholders and creditors of Alvarion Technologies UK and Dentsply DeTray GmbH in relation to creditor agreements.

Gil Hirschmann & Co.’s specialist team acts for creditors and debtors, and has particular experience in dissolution cases. Gil Hirschmann acted as trustee of Beit Hashita Metal Industries, which he represented in a creditor dispute before the Supreme Court.

Gonen Kestenbaum & Co.’s team is led by name partner Gonen Kestenbaum, who is regularly appointed as trustee of Israeli companies facing insolvency and potential liquidation.

M. Firon & Co Advocates and Notaries’ ‘timely and knowledgeable’ team has acted for clients such as Ashdar Building Company, Ashtrom Engineering and Construction and Boulevard Group in real estate insolvency proceedings. Ron Bar-Nir, who is serving as liquidator of Olympia Real Estate Holdings, also handles insolvency matters for European development companies.

Meitar Liquornik Geva Leshem Tal Law Offices primarily acts for creditors in liquidation proceedings and creditor agreements. Key clients include Bank Leumi, Mizrahi-Tefahot Bank and Bank Hapoalim. Pinni Yaniv leads the department, which also includes recent arrival Eyal Rosovsky from the defunct firm Zellermayer, Pelossof, Rosovsky, Tsafrir, Toledano & Co.

Raved, Magriso, Benkel & Co., Advocates & Notaries’ Joseph Benkel has received several appointments as receiver on behalf of Bank Hapoalim, for whom Benkel also acted concerning a liquidation petition for one of the bank’s clients. Benkel was nominated as trustee of the companies operating Tel Aviv Central Bus Station.

Shaul Kotler Law Firm is ‘competent and experienced with multijurisdictional issues’. Name partner Shaul Kotler assisted Better Place in its global dissolution process, which included a complex dispute and a liquidation proceeding.

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