The insolvency and financial rehabilitation department at our firm specializes in corporate recovery, debt arrangements, freezing of proceedings and creditor settlements, liquidation, dissolution and receivership, and is known as a prominent and experienced leader in this field in Israel. The department operates with the combined forces of attorneys, accountants and financial experts, with decades of experience in handling some of the largest and highest profile cases in Israel.
The department is headed by Dr. Shlomo Nass and Adv. Shai Glickman. Shlomo is a renowned expert escrow and management of companies in distress, receivership, liquidation or freezing of proceedings, as well as in planning, counseling, and support for credit settlement and debt settlement processes.
The department’s staff operate in collaboration with attorneys, accountants and economists that provide ongoing consulting to companies in difficulty, management teams and boards of directors and to other stakeholders’ groups, and accompanies them through rehabilitation and recovery processes. In addition, they represent and accompany banks, financial institutions and other entities as part of these proceedings. Work is conducted in cooperation with other departments in the Firm, in order to ensure the identification and implementation of the most creative solutions for the clients, aimed at achieving optimal results.
Moreover, the department’s attorneys are regularly appointed by the courts – either under the court’s initiation or at the request of companies and creditors including banks - as officers (liquidators, receivers, trustees and special managers), for companies that entered insolvency proceedings, including public corporations, retail chains, as well as infrastructure, real estate and commercial companies, non-profit organization, industrial companies, etc.
The department has extensive experience in executing debt arrangements, creditor settlements and companies’ rehabilitation and recovery processes and assets realization. As part of these processes, the department’s staff conducts special investigations and legal accounting audits under special appointment of the courts. Another aspect of the department’s service is accompanying managers and persons of interest being interrogated as part of these proceedings.
The department was involved in a vast number of the highest profile insolvency cases in Israel. Some of these cases include: Coop Israel, Clubmarket (one of the largest rehabilitation and creditor settlements in Israel), Burger-Ranch, Ma’ariv, Agrexco Agricultural Export Ltd., Arie and Ofer Group, Zika Industries, Aura Investments Group, New Tel Aviv Central Bus Station Ltd., Avidar Security Services, The Center for Academic Studies in Or Yehuda, Dorea Investments and Development, Lev Ofir Group Ltd., Feuchtwanger Investments, Hayal Investments and Properties (Summit Real Estate Holdings), Baranowitz Group, Rubanenko Group, On Engineering, Diur Laole (Housing for Immigrants), Cementcal Group, Mei Arad, Faber, Digel, Chip PC Technologies, Il Makiage, Sunday Energy and many more.
Israeli and international ranking guides consistently rank our firm as one of the leading firms in this field.
Our vase past experience demonstrates, that professional and proper addressing of challenges can prevent irrevocable liquidation proceedings. Over recent years, many companies on the brink of disaster and collapse have been handled by the department. Thanks to our professional management, legal advice and addressing of issues, they have succeeded in recovering, saving the company and achieving successful closure of complex insolvency cases.