Two companies that own real estate in Israel have been discharged from receivership in the British Virgin Islands after a local court found the Israeli lawyer who made the application failed in her duty of disclosure.
11 March 2022
The Israeli foreign representative of Canadian property group Urbancorp will not be able to appeal failed claims based on the common law anti-deprivation rule, so the value of a 50-year land lease could remain in the debtor’s estate for creditors rather than benefitting the group’s controlling family.
04 March 2022
A New York bankruptcy court has recognised the Israeli insolvency proceedings of investment company EGFE Israel and its CEO – a “wanted” alleged fraudster who is suspected to be behind one of the largest Ponzi schemes in Israeli history.
03 November 2021
The liquidator of a group of companies owned by an Australian family, who are embroiled in an alleged international tax avoidance scheme with Israeli banks, has sought Chapter 15 relief in New York.
01 October 2021
The trustee of an American-born fugitive who allegedly orchestrated a “complex and massive cross-border fraud” has sought recognition of his Israeli insolvency proceedings in New York.
04 August 2021
The Israeli trustee of a property investor once rumoured to be Israel’s largest private bankrupt has persuaded an English court to transfer him the rights to a UK company believed to be at the top of a structure intended to hide German assets – though no assets have been identified as yet, even by private investigators.
08 April 2021
A BVI appeal court has upheld the local recognition of an Israeli personal bankruptcy but found that the bankrupt’s Israeli officeholder cannot be granted assistance, a decision the court said it came to “with some regret”.
24 February 2021
US-Israeli litigation funder Validity Finance has hired former Kirkland & Ellis partner Sarah Williams as portfolio counsel in Houston, as demand for bankruptcy-related funding increases.
09 November 2020
An English court has sanctioned a scheme of arrangement for international commodity trader ED&F Man, paving the way for it to restructure debts governed by English and New York law.
09 September 2020
International commodity trader ED&F Man has secured unanimous backing for its UK scheme of arrangement during two creditors’ meetings.
02 September 2020
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