Liquidation and Company Recovery
Haim Zadok & Co. has vast experience and unique expertise in complicated cases of insolvency and company recovery. The department's attorneys regularly act as court-appointed receivers and liquidators in bankruptcies and liquidations of companies, and as trustees in asset freezing procedures in some of the most complicated cases in the Israeli economy. Our attorneys play active roles in formulating strategies for companies in financial distress, advise potential buyers of companies in insolvency proceedings, represent major creditors’ groups in creditors settlements and handle other types of transactions involving significant debtor/creditor issues. We represent clients in all proceedings before Israeli judicial instances as well as the Official Receiver (a department in the Ministry of Justice that supervises insolvency matters in Israel).
Our extensive experience, in-depth knowledge and proven expertise have gained us recognition as leaders in this field, and we are involved in many of Israel's most significant and high profile liquidation and reorganization cases.
We represent Bank Hapoalim in the Heftziba case and act as Receiver on its behalf. Also, among others, we represented certain financial institutions and banks in the receivership proceedings of Sefen Ltd. and A.T.S Audio Technologies; acted as Receiver on behalf of the primary creditor of Alumot Group and as liquidators of ALEH and Johana Jabotinski Associations, Steel Enterprises, Hiram Gat, Red Rock, Miflas Ram Construction, D.B. Net, Merhav Security and A.D. Guarding. We handled Pninat Tal’s recovery and debt restructuring proceedings as well as other major creditor settlements such as settlements with the bond-holders of Tao Tsuot, JapanAuto Holdings and Agrexco and with the principal suppliers in the Clubmarket restructuring matter.