Insolvency & Restructuring

Approaching debt management, restructuring, liquidation and cases of financial distress with sensitivity and professionalism

Our intense commitment to the entire process from end to end, and our professional attention to detail is an integral part of our representation, whether we’re in the role of the liquidator or the receiver, or in the framework of leading the process of settling creditors. 

Our Insolvency team at FWMK specialize in liquidation, corporate recovery and creditor arrangements and in advising companies and corporations on insolvency proceedings, debt arrangements, bankruptcy, receivership, restructuring, and more. In addition, our team specialize in cross border insolvency proceedings and conducting investigations.

Our lawyers have held roles of liquidator, trustee, receiver and special manager, and have represented creditors in insolvency proceedings, including cross border insolvency proceedings  too. This gives our clients the benefit of their experience from the inside-out.

What makes FWMK’s Insolvency Department so unique?

  • The trust of the courts – Often appointed to serve as joint managers, special coordinators, solicitor of foreign officials, and trustees in numerous arrangements in a variety of sectors.
  • High level of professionalism – Tailoring our strategies to the client’s unique requirements, with a tight grasp of our legal boundaries.
  • Active and broad experience – Dozens of recovery, rehabilitation, and liquidation cases each year, for organizations, shareholders, unions, and creditors.
  • Insight and advice – FWMK advises on the early planning of the existing collateral system, alongside the possibility of protecting creditors’ rights.
  • Targeted experience – Working in complex insolvency proceedings for corporations including Orkit, Philat, and EGFE, and football teams including Hapoel Petah Tikvah, Ashkelon and Kfar Saba.
  • A skilled and focused team – Our Insolvency department is headed up by Adv Lior Dagan, who has represented creditors in one of the largest debt settlements ever executed in Israel.

 

  • legal representation in complex insolvency proceedings which combine Cross Border Insolvency issues, inter alia representation of Australian liquidator and Australian companies that are in liquidation proceedings.
  • Managing the insolvency proceedings of EGFE Israel Ltd (in liquidation) in Israel, including initiating international proceedings in Europe and USA. Adv. Lior Dagan, head of the insolvency department, is the court appointed trustee of the company in liquidation and of the Debtor, Michael Ben Ari, who is suspected of committing a long-lasting Ponzi scheme amounting to hundreds of millions of shekels over a period of more than 10 years.
  • Adv. Lior Dagan is the court appointed trustee for formation a creditors arrangement for Pilat Group Ltd. Pilat – a public company which was traded in both Tel Aviv and London Stock Exchanges. As part of this case, the public company’s shell was sold, and a creditors arrangement was formed for the benefit of the company’s creditors.
  • Adv. Lior Dagan is the court appointed nominee of Orckit communications Ltd, A dual public company (traded both in Israel and Nasdaq). As part of this case, the company’s business was managed, intensive deposition proceedings were made and a lawsuit against the company’s officials was initiated, which led to collecting significate amounts for the creditors. In addition, company’s patents were sold, the company’s shell was sold and a creditors arrangement approved by the court.
  • Representation of approx. 100 investors of A.G.A. Holdings (K.H) Ltd and 98 limited partners in A.G.A Holding (Acre mall) limited partnership, in Axium global investments Ltd. liquidation proceedings.
  •  Representation of shareholders and senior employees (as creditors) in Ashbal technologies Ltd. Insolvency proceedings.
  • Representation and accompaniment of creditors of companies which are part of IDC – Invest Dot Com group, controlled by Moshe Hogeg, in applications for initiating Insolvency proceedings against those companies.
  • Associates from the insolvency department often appointed by court to act as nominees in complex Insolvency proceedings, including in cases of construction companies, football clubs association, startup companies, retail companies and more (inter alia Adv. Lior Dagan acted as nominee on Insolvency proceedings of football clubs of Hapoel Petach Tikva, Hapoel Kfar Saba and Hapoel Ashkelon; footwear stores chain “Halev Hakachol” which operated dozens of branches, boutique ice cream chain “Vaniglia” which operated 17 branches, “Meir Hamair” company which sold construction materials, Sanitary ware, bathroom closets, including showrooms and construction materials stores).
  • Representation of the Falcha workers organization, the vegetable growers organization, the plants production & marketing board and additional hundreds of private farmers in the creditors arrangement case of Mega retail, which is one of Israel’s largest retail company.
  • Representation of the plants production & marketing board, the vegetable growers organization and hundreds of farmers in Agrexco Carmel Agricultural Export Co Ltd case, which is one of Israel’s history largest and most complex Insolvency proceedings.
  • Representation of 20 members of investment group of the real estate project know as “Mezizim Beach”, as part of an ongoing proceeding related to the liquidation and insolvency proceedings of companies held by Inbal Or.
  • Representation of former directors of Elran (D.D) investments Ltd. (in liquidation), defensing a lawsuit for 30 million INS initiated by the company’s liquidator.
  • Representation Ashplat plastic trade & indusrie 1999 Ltd (in arrangement) and the company’s controlling shareholder, in an arrangement for debts of approx. 70 million INS.