© All rights reserved to Barnea Jaffa Lande & Co. Law offices

Together is global

Together is global

Banking & Finance / Insolvency

Quite a few companies find themselves contending with economic difficulties and crises that are liable to jeopardize their continuing operation and drag them down into a state of insolvency and liquidation.

Our firm’s team is well-equipped to advise and represent companies experiencing economic difficulties, as well as lenders and creditors, throughout the various steps of insolvency proceedings and debt arrangements.

 

We believe that every business owner who encounters cash-flow problems needs expert advice relating to insolvency law, whether the deteriorating business position is the result of a sudden unforeseen event or a prolonged period of mounting indebtedness. Obtaining expert legal advice from the onset of a crisis can help a company restore its robustness rapidly. With professional help, a struggling company can work out a repayment schedule enabling it to continue operating, or, alternatively, sell its operations under optimal conditions for both the owners and the creditors.

 

Our firm’s extensive knowledge in related fields of law—financing, securities, corporate law, and officers’ liability—enables us to provide comprehensive services to our clients in this area. We offer ongoing legal advisory services to public and private companies; represent clients before institutional entities and bond trustees; supply invaluable assistance during insolvency proceedings, complex creditor arrangements, receiverships, and liquidations; obtain stays of proceedings; conduct negotiations with the banking system, liquidators, and creditors; and draft debt arrangements and creditor arrangements.

 

We possess vast experience in helping companies manage economic crises, not only in relation to the legal aspects, but also the business-commercial aspects, including initiating and implementing debt arrangements. Clients seek out our assistance in relation to debt arrangements and contending with the legal aspects of insolvency, in managing a “going concern” under receivership or liquidation, and during asset realization proceedings. We represent boards of directors and managements of companies facing liquidation and stays of proceedings, and provide ongoing advice to them throughout a crisis. We also advise and assist companies during rehabilitation and recovery.

 

In addition, we provide comprehensive legal advisory services to private clients facing bankruptcy, often helping them avoid such crises by working out individual or general arrangements with the various creditors, including reduction of debt and repayment in installments.

 

Barnea Jaffa Lande & Co. is renowned for its vast experience; legal, business, and economic expertise; and customized and superior standards of service. These attributes are all channeled toward achieving optimal results for our clients, whether companies facing difficulties or major creditors.

 

Back to Banking & Finance

News and updates - Banking & Finance / Insolvency:


January 2, 2019

Liability of Officers and Functionaries in an Insolvent Corporation

Chapter 8 of the new Insolvency and Economic Rehabilitation Law addresses the liability of officers and functionaries. The law’s main innovation is that - beyond liabilities toward the corporation, which already existed prior to the enactment of the law, such as fiduciary duty and duty of care - special liability will also be imposed on the corporation’s officers and functionaries.

June 5, 2018

Justice Ministry Seeks to Empower Registrar to Strike Companies from Companies Register

The Ministry of Justice recently published a new memorandum regarding an amendment to the Companies Law. This amendment seeks to authorize the Registrar of Companies to administratively strike off a company from the Companies Register.

March 8, 2018

A Reform in Israel's Insolvency Laws

Recently, the Knesset has passed the Law of Insolvency and Economic Rehabilitation – which is aimed at updating the law on insolvency currently in effect in Israel. The Law will take effect in 18 months from now.

Banking & Finance / Insolvency

Quite a few companies find themselves contending with economic difficulties and crises that are liable to jeopardize their continuing operation and drag them down into a state of insolvency and liquidation.

Our firm’s team is well-equipped to advise and represent companies experiencing economic difficulties, as well as lenders and creditors, throughout the various steps of insolvency proceedings and debt arrangements.

 

We believe that every business owner who encounters cash-flow problems needs expert advice relating to insolvency law, whether the deteriorating business position is the result of a sudden unforeseen event or a prolonged period of mounting indebtedness. Obtaining expert legal advice from the onset of a crisis can help a company restore its robustness rapidly. With professional help, a struggling company can work out a repayment schedule enabling it to continue operating, or, alternatively, sell its operations under optimal conditions for both the owners and the creditors.

 

Our firm’s extensive knowledge in related fields of law—financing, securities, corporate law, and officers’ liability—enables us to provide comprehensive services to our clients in this area. We offer ongoing legal advisory services to public and private companies; represent clients before institutional entities and bond trustees; supply invaluable assistance during insolvency proceedings, complex creditor arrangements, receiverships, and liquidations; obtain stays of proceedings; conduct negotiations with the banking system, liquidators, and creditors; and draft debt arrangements and creditor arrangements.

 

We possess vast experience in helping companies manage economic crises, not only in relation to the legal aspects, but also the business-commercial aspects, including initiating and implementing debt arrangements. Clients seek out our assistance in relation to debt arrangements and contending with the legal aspects of insolvency, in managing a “going concern” under receivership or liquidation, and during asset realization proceedings. We represent boards of directors and managements of companies facing liquidation and stays of proceedings, and provide ongoing advice to them throughout a crisis. We also advise and assist companies during rehabilitation and recovery.

 

In addition, we provide comprehensive legal advisory services to private clients facing bankruptcy, often helping them avoid such crises by working out individual or general arrangements with the various creditors, including reduction of debt and repayment in installments.

 

Barnea Jaffa Lande & Co. is renowned for its vast experience; legal, business, and economic expertise; and customized and superior standards of service. These attributes are all channeled toward achieving optimal results for our clients, whether companies facing difficulties or major creditors.

 

Back to Banking & Finance

News and updates - Banking & Finance:


January 2, 2019

Liability of Officers and Functionaries in an Insolvent Corporation

Chapter 8 of the new Insolvency and Economic Rehabilitation Law addresses the liability of officers and functionaries. The law’s main innovation is that - beyond liabilities toward the corporation, which already existed prior to the enactment of the law, such as fiduciary duty and duty of care - special liability will also be imposed on the corporation’s officers and functionaries.

June 5, 2018

Justice Ministry Seeks to Empower Registrar to Strike Companies from Companies Register

The Ministry of Justice recently published a new memorandum regarding an amendment to the Companies Law. This amendment seeks to authorize the Registrar of Companies to administratively strike off a company from the Companies Register.

March 8, 2018

A Reform in Israel's Insolvency Laws

Recently, the Knesset has passed the Law of Insolvency and Economic Rehabilitation – which is aimed at updating the law on insolvency currently in effect in Israel. The Law will take effect in 18 months from now.

Enter your email for newsletter sign up: