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Banking & Finance / Insolvency

We represent companies, lenders and creditors in all areas of insolvency law 

 

This includes businesses that face financial difficulties, have been granted protection from creditors, or are in receivership or liquidation. Similarly, we help individuals facing bankruptcy.

 

Barnea has earned a positive reputation, and is well established, in areas such as representation of controlling shareholders in companies that are in liquidation; companies versus liquidators, trade or special creditors (i.e. tax or municipal authorities); the acquisition of assets of insolvent companies; and representation in debt restructuring proceedings.

 

Insolvencies and related issues are often complex and stressful. We believe that the advice and guidance of an expert lawyer in these circumstances is vital and must go beyond routine. It has to be personal.

 

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

We represent companies, lenders and creditors in all areas of insolvency law 

 

This includes businesses that face financial difficulties, have been granted protection from creditors, or are in receivership or liquidation. Similarly, we help individuals facing bankruptcy.

 

Barnea has earned a positive reputation, and is well established, in areas such as representation of controlling shareholders in companies that are in liquidation; companies versus liquidators, trade or special creditors (i.e. tax or municipal authorities); the acquisition of assets of insolvent companies; and representation in debt restructuring proceedings.

 

Insolvencies and related issues are often complex and stressful. We believe that the advice and guidance of an expert lawyer in these circumstances is vital and must go beyond routine. It has to be personal.

 

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.

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