Litigation / Insolvency and Debt Arrangements
Our firm’s insolvency team has many years of experience advising corporations in financial distress and handling the recoveries of companies in crisis, creditors’ arrangements, and insolvency proceedings. Our team also possesses expertise and extensive experience in advising and representing directors and officers facing legal proceedings in the wake of corporate insolvency proceedings.
We assist and advise companies and individuals during recovery proceedings and debt arrangements, both in and out of court, and provide legal advice to officers and directors regarding fiduciary duties and legal exposure before the company’s economic crisis deteriorates to the point of insolvency or bankruptcy.
Our firm is involved in major and complex debt, recovery, and rehabilitation arrangements and insolvency proceedings for companies from the construction, real estate, technology, retail, and industrial sectors. Over the years, our firm has also amassed unrivalled expertise in providing comprehensive legal services to startups and technology companies facing economic crises. The attorneys on our insolvency team also serve as court-appointed officials (settlement administrators, insolvency trustees, receivers, etc.) during a variety of corporate recovery and debt arrangement proceedings.
Our clients include corporations, controlling shareholders, creditors, investors, officers, and directors facing complex insolvency litigation and litigation pertaining to officer, director, and shareholder liability.
We also represent clients during lawsuits against officers stemming from corporate insolvency proceedings, and provide legal advice and assistance during insolvency trustee investigations and requests for information, complex commercial disputes with insolvent companies from the infrastructure and construction sectors, and contractual disputes, including retroactive cancellations of transactions.
Insights & News - Litigation / Insolvency and Debt Arrangements:
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.
Barnea: Advising Anise on Corporate Recovery Plan
Idan Miller, Michael Dubin, 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.
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.
Litigation / Insolvency and Debt Arrangements
Our firm’s insolvency team has many years of experience advising corporations in financial distress and handling the recoveries of companies in crisis, creditors’ arrangements, and insolvency proceedings. Our team also possesses expertise and extensive experience in advising and representing directors and officers facing legal proceedings in the wake of corporate insolvency proceedings.
We assist and advise companies and individuals during recovery proceedings and debt arrangements, both in and out of court, and provide legal advice to officers and directors regarding fiduciary duties and legal exposure before the company’s economic crisis deteriorates to the point of insolvency or bankruptcy.
Our firm is involved in major and complex debt, recovery, and rehabilitation arrangements and insolvency proceedings for companies from the construction, real estate, technology, retail, and industrial sectors. Over the years, our firm has also amassed unrivalled expertise in providing comprehensive legal services to startups and technology companies facing economic crises. The attorneys on our insolvency team also serve as court-appointed officials (settlement administrators, insolvency trustees, receivers, etc.) during a variety of corporate recovery and debt arrangement proceedings.
Our clients include corporations, controlling shareholders, creditors, investors, officers, and directors facing complex insolvency litigation and litigation pertaining to officer, director, and shareholder liability.
We also represent clients during lawsuits against officers stemming from corporate insolvency proceedings, and provide legal advice and assistance during insolvency trustee investigations and requests for information, complex commercial disputes with insolvent companies from the infrastructure and construction sectors, and contractual disputes, including retroactive cancellations of transactions.
Insights & News - Litigation:
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.
Barnea: Advising Anise on Corporate Recovery Plan
Idan Miller, Michael Dubin, 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.
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.