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Latest Updates / Insolvency and Debt Arrangements
August 5, 2025
What Should We Know Before Taking a Loan? An Interview with Adv. Idan Miller
Adv. Idan Miller, a partner and head of the firm's insolvency and corporate recovery practice, was interviewed by Yedioth Ahronoth on the growing reliance on loans as part of everyday life in Israel, in light of the rising cost of living and the lack of any foreseeable relief. In the interview, Idan addressed a key question: What should we know or check about the entity we are borrowing from? Among other points, he emphasized that “it’s a mistake to choose a loan based solely on interest rates. A loan must eventually be repaid. Not all lenders operate in the same way, and the differences between them can be significant.”
July 22, 2025
The Collapse of a Major Clinic Chain – Special Report on Channel 12 News
Sharap Plus, a major private medical clinic network, collapsed, leaving debts of approximately ILS 50 million and no response to affected clients. Adv. Idan Miller, a partner and head of our insolvency and corporate recovery practice, was interviewed in a Channel 12 News prime-time segment on the implications of the insolvency proceedings for customer rights.
July 13, 2025
Court Orders Stay of Proceedings for Landa Digital Printing Debt Claims
The court has approved Landa Digital Printing’s request for a stay of proceedings and ordered a suspension of creditor lawsuits until the end of August. During this period, the company will be able to seek a potential buyer and formulate a debt arrangement. Adv. Idan Miller of our firm represents Winder, a Singapore-based investment fund and one of the company’s key investors. At the hearing, Idan noted that the fund invested approximately USD 400 million in the company, including USD 230 million in loans. Notably, USD 14 million of this amount was injected over the past two months alone. “The claim that the investors have withdrawn is simply inaccurate,” he said. “We made every effort to support the company, and its current operations are being financed by us.”
June 30, 2025
Stay of Proceedings Filed in Insolvency Case Involving Debt of ILS 1.75 Billion
Landa Corporation Limited, a company engaged in the development and manufacturing of digital printing technologies, recently filed a request for a stay of proceedings in order to formulate a debt arrangement outside of formal insolvency proceedings. According to the filing, the company's total debt amounts to approximately ILS 1.75 billion, including around ILS 1.4 billion owed to secured creditors and an additional ILS 300 million to suppliers and other unsecured creditors. Adv. Idan Miller of Barnea Jaffa Lande represents WINDER PTE, one of the principal creditors in the case.
May 12, 2025
Increased Insolvency Proceedings in the Israeli High-Tech Sector
Adv. Idan Miller, a partner and manager of the firm's Insolvency and Corporate Recovery Practice, was interviewed by Channel 10 - The Israeli Economic Channel, about the growing number of insolvency cases among Israeli tech companies. The interview addresses the underlying causes, legal implications, and practical measures available to company directors in situations of financial distress.
November 19, 2024
Representing 100 Apartment Owners in a TAMA 38 Insolvency Case
Advs. Idan Miller and Hadar Eilon represented 100 apartment owners in a Tama 38 project in Holon, where the development company entered insolvency proceedings. We guided the residents through a mediation process that resulted in an agreement safeguarding their rights and securities without requiring any additional payments from them. The agreement also paved the way for resuming construction on the project.
The mediation agreement, which included commitments from new apartment buyers (not our clients) to inject tens of millions of shekels into the project to fund its completion, was approved by the District Court.
July 18, 2024
Representing U.S. Investment Fund in Vesttoo’s International Insolvency Proceedings
Our firm represents the investment fund Mouro Capital, a shareholder with an appointed director, in the insolvency proceedings of the international Israeli fintech company Vesttoo.
This is a parallel insolvency process taking place in both the U.S. and Israel, with the company’s debts estimated at approximately $3 billion. We represent the fund as Vesttoo (and 48 affiliated entities) undergoes Chapter 11 proceedings in the U.S., while in Israel, enforcement proceedings for debt restructuring and recognition of the foreign insolvency proceedings are underway.
As part of this, declaratory relief actions have been filed in Israel to establish jurisdiction over issues related to the directors’ activities in the company.
July 4, 2024
Insolvency: Idan Miller Lectures to Israel Builders Association Course
Idan Miller, the head of our firm's insolvency practice, lectured to attendees of an Israel Builders Association financial management course. The focus of the lecture was how to handle and prepare for insolvency events.
June 26, 2024
New Precedent: Commissioner for Insolvency Proceedings Accepts Military Reserve Duty as Justification for Relief
Idan Miller, the head of our firm's insolvency practice, was appointed as the insolvency trustee for White Dress Marketing Ltd. (formerly Riki Dalal Group). Together with Hadar Eilon, Idan submitted an economic rehabilitation plan on behalf of the company and its shareholders for the Tel Aviv District Court's approval. In his request, Idan asked that the controlling shareholder's military reserve service be recognized as a contributing factor for the purpose of granting relief and avoiding a full insolvency procedure. When asked by the court for his response, the Commissioner for Insolvency Proceedings accepted this position.
June 10, 2024
Increasing the Odds of Winning in an Insolvent Corporation Auction
The recent preference shown by the administrators of the insolvent ISBECO company toward the purchase offer from Hacarem Spirit indicates that, despite economic logic suggesting otherwise, the highest monetary offer will not always be the winning bid in the process.
January 3, 2024
Personal Liability for Debt to the Registrar of Companies
A district court in Israel has ruled to impose personal liability on a company’s CEO and director for the company’s accumulated debt to the Registrar of Companies in respect of annual fees, after the company ceased operating, because the CEO and director refrained from opening court proceedings to liquidate the company.
August 28, 2023
Insolvency: Debt Settlements on the Rise
Idan Miller, the coordinator of our firm’s insolvency and corporate recovery practice, was interviewed by Globes about the wave of companies in financial distress. Idan noted that “what we’re seeing in the newspapers is only the tip of the iceberg.” According to Idan, a large number of unpublicized debt settlements are currently underway in contracting, high-tech, and security procurement companies.
August 7, 2023
Barnea: Advising Anise on Corporate Recovery Plan
Idan Miller and Liron Dahan are advising Anise on a corporate recovery plan, after the natural products chain fell into an approximately ILS 22.9 million debt. As part of this process, our firm submitted a request to the district court to appoint a trustee and approve a debt arrangement. Anise’s debts accumulated due to branch expansion and an increase in interest rates. The chain is now working to implement its all-encompassing corporate recovery plan, which includes closing unprofitable branches, closing a packaging plant in Kiryat Anavim, improving efficiency, and further reductions.
July 9, 2023
New Limitations on the Rehabilitation of an Insolvent Company
In a recent ruling in the Bachar Real Estate case, the court prioritized the rights of tenants over insolvent urban renewal companies and created a significant obstacle to the rehabilitation of such companies.Idan Miller the manager of our firm’s insolvency and corporate recovery practice, presents the challenges of the new ruling in an op-ed for Globes.
May 24, 2023
Lecture: Positions and Interests in the Event of Insolvency
Adv. Idan Miller is lecturing to a small business finance risk assessment course. The course is for credit coordinators and business bankers at Israel Discount Bank. The course was organized by the BDO Academy of Finance and the Israeli Institute of Finance (IFI).
May 4, 2023
Attorney-Client Privilege Does Not Apply to Directors of Insolvent Companies
The Israeli Supreme Court has ruled that legal advice given to directors who are members of an audit committee or an independent committee is not protected by attorney-client privilege and that the company (and the trustee who is subrogating for the company) own the legal advice. Consequently, a trustee appointed after a company collapses may receive documents and correspondence exchanged between directors and the company’s attorneys.
April 10, 2023
Insolvency and Late Offers: Idan Miller Op-Ed in TheMarker
Does the ability to make a later offer in insolvency proceeding help creditors to receive more and allow the trustee to conduct a more thorough procedure?
February 2, 2023
Liabilities and Exposures to Claims by an Insolvency Trustee
A worrying number of contracting companies in the real estate and infrastructure market have recently gone insolvent. A contractor’s financial collapse affects not only his creditors, but also the project’s contractee. In an op-ed, Idan Miller explains if insolvency law prevents damage reduction for the contractee.
November 23, 2022
Barnea: Providing Representation in Powermat Shareholders' Dispute
We are providing representation in a shareholders' dispute at Powermat, one of the first startups to develop wireless charging technology. The company holds overs 145 patents, is considered a significant player in the market, and has signed large-scale deals with international companies.
July 27, 2022
Barnea Representing Several Ability Group Cyber Companies
Advs. Zohar Lande and Liron Dahan submitted a motion to initiate insolvency proceedings and temporary operations on behalf of several cyber companies from Ability Group. Ability Group faces debts of approximately NIS 150 million.