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BTTGA
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- Over the last decade, the department has been involved in most of the largest public debt arrangements in Israel (IDB, Delek Real Estate, Africa Israel, Suny, Alon Blue Square, Mirland), and insolvency proceedings of leading public companies (Urbancorp, BSR Europe, Starwood, Brookland).
- The department main practice is representing bondholders and investors in the collapse of foreign companies raising approximately ILS30 billion debt in Israel, to date Urbancorp, Brookland, Starwood, Mirland, Delsha, MDG and All-Year. Adv. Gissin was appointed by a Canadian court as the Foreign Representative of Urbancorp Inc., a Canadian company which raised approximately ILS180mln and collapsed shortly thereafter. Over 90% of the debt was already recovered with significant further expected returns. This is the first wave of collapse of the foreign companies which raised app. ILS 30 billions in the Israeli capital markets, which is expected to continue and even increase due to the special characteristic of such bonds issuances.
Restructuring and Insolvency:
Yael Hershkovitz
Capital Markets:
Yael Hershkovitz
- Real estate
- Pharm and life sciences
- Tech and telecoms
UK branch at 1 Trinity Walk, London