Adv. Dorit Karny, partner in our firm’s Insolvency & Restructuring department, participated at the annual legal forum held by Dun’s 100 – ranking leading companies in Israel, which was attended by senior lawyers in the field.

The forum discussed actual issues that occupy the professionals in the field of insolvency & restructuring, and the legal system in general.

Adv. Karny referred, inter alia, to  the time restrictions in Amendment 4 of the law and to the permission of extensions approved by the court: “Procedure according to Amendment 4 is a privilege and companies that seek its assistance must comply with criteria that is not always adhered to, and therefore there is reason for the time restriction it determines”.

In addition, Adv. Karny mentioned concerning personal proceeding commenced against controlling shareholders, that: “The binding of arrangements for shareholders in corporate matters is required due to market characteristics. Insolvency proceedings are not a substitute for penalty proceedings, and there are other tools available for handling controlling shareholders that performed improperly. The market knows how to price everything.”

To review the forum coverage:

MAKO

ICE