Our firm represented Sapir Corp in its completion of an expeditious arrangement with their bondholders. Adv. Amir Bartov, Adv. Nir Cohen Sasson and Adv. Shimrit Melman lead the company through the arrangement, part of which Sapir Corp proposed to make a partial early redemption of debentures in the amount of...
Adv. Amir Bartov, senior partner at our firm represented Cal Auto Group during the last year in a complex recovery and settlement proceeding, as well as the sale transaction of the company that was acquired by Carasso Motors Ltd, another longtime client of the firm. Completion of the complex merger transaction entailed the execution and completion of a large-scale voluntary creditors' agreement which involved many funding institutions outside the court's discretion, in full cooperation with the company's financial creditors. Our firm wishes both clients good luck in their future endeavors in the automotive business.
Shimonov & Co. law firm is proud to be ranked as a leading firm in the Capital Markets practice area by the Chambers and Partners International Ranking Guide for 2020, as well as the ranking of Adv. Israel Shimonov and Adv. Amir Bartov as Israel's leading lawyers in their fields.
The companies Ortam Sahar Engineering Ltd, Ortam Sahar Infrastructures and Construction Ltd. and Malibu Construction Ltd. (hereinafter – "the Ortam Group"), with respect to which a creditors arrangement was authorized in 2016 by the Tel Aviv Jaffa District Court, filed a petition to commence proceeding, by way of a stay of proceedings, due to cash flow difficulties the Group experienced in the wake of the creditors arrangement. This was due to the group's inability to take out loans in order to issue bank guarantees for the parties that commissioned the projects, to support their new activity. The president of the Tel Aviv Jaffa District Court, the Hon. Judge E. Orenstein, granted the motion and appointed the trustees for the previous arrangement as trustees for the Group companies. The companies were represented by adv. Amir Bar-Tov and Shimrit Melman from our Firm.
Adv. Amir Bar-Tov and Liron Sapir are representing All-Year in a class action suit filed against it on the grounds of a misleading detail in an immediate report.
Dori Construction Ltd. has filed through our Firm - adv. Amir Bar-Tov, Shimrit Melman and Liron Sapir, a motion for stay of proceedings with the Tel Aviv-Jaffa District Court, in view of the numerous legal proceedings initiated by project developers, which caused the company cash flow problems. The motion for stay of proceedings included an offer by the controlling shareholder, Amos Luzon Development and Energy Ltd. to reach a creditors' arrangement, to settle the company's debts in an orderly fashion under the court's supervision.
As in previous years, our firm has been ranked by the international ranking guide, The Legal 500, among the top Israeli law firms in the capital market and insolvency practice areas, with Adv. Israel Shimonov ranked as one of the foremost experts in capital markets. Among other things, our firm...