Bankruptcy, Insolvency & Reorganization
SHAPIRA & Co. stands as one of Israel’s most prestigious insolvency teams providing top-quality services in all matters related to handling distressed or underperforming businesses, debt arrangements, collection of debts and realization of assets in Israel and abroad. Our team has been involved in many of Israel’s most complex and high-profile insolvency cases, and has been repeatedly ranked as one of Israel’s most prominent leading firms in business restructuring, insolvency and banking.
The handling of distressed businesses is a unique practice requiring comprehensive knowledge, emotional intelligence, persistence and a wide-ranging experience. At SHAPIRA & Co. our expertise, together with our business and economic discipline, diligence and personal devotion, enables us to grant our clientele services at the highest level with optimal results.
Our team has extensive knowledge and experience not only in handling complex legal matters related to distressed companies, but also acts as business management of failing and underperforming businesses. This includes management of complicated collection processes and litigation, with a special and unique expertise in multinational businesses and cross-border insolvencies. SHAPIRA & Co. has been leading and handling collection procedures, negotiating debt arrangements and managing directly, or through subsidiaries, assets and businesses of many industries all over the globe, from North America, Central and South America, through Western and Eastern Europe, the Middle East and Africa to the Far East. This unique, extensive and successful experience enables SHAPIRA & Co. to provide significant added value to any project involving distressed or underperforming businesses, especially those operating in numerous jurisdictions or locations. Such added value includes, among other skills, high-end professional integration of business vision and legal understanding with an ability to practically manage distressed businesses in different industries, various locations and in different languages.
SHAPIRA & Co. is a member of INSOL International (https://www.insol.org) and serves as the exclusive representative of this network in Israel. INSOL is a global network of leading professionals in the field of insolvency, which provides our firm with the ability to bring additional efficient and professional tools in cases of cross-border insolvency, including effective business management and collection procedures anywhere in the world.
The extensive experience of SHAPIRA & Co. in dealing with complex crises regarding distressed companies includes management of insolvent companies as going concerns, representation of major creditors, initiation and management of debt of arrangements and realization of assets and litigation. In other cases, SHAPIRA & Co. has been representing investors in acquisitions of distressed businesses and projects.
Unique in our combined commercial and economic approach, SHAPIRA & Co. is recognized for our ability to lead to the most efficient solutions using intellectual creativity while exercising smart, legal and administrative tools to achieve the commercial goals of each project. Obligated to quality and excellence, our team is accustomed to maintaining continuous personal communication with the clients to ensure the best results and most professional help in any crisis.
Our firm’s outstanding team of professionals is seasoned in spearheading complex projects, defining assignments and timetables and in managing co-experts in the areas of each project, including accountants, appraisers and others, towards the specific goal.
The distinguished team of SHAPIRA & Co. has been involved in many of Israel’s most significant insolvency cases.
SHAPIRA & Co.’s experience and comprehensive understanding of international insolvency enables the firm to handle insolvent businesses across seas as well as in cross-border insolvencies. The firm has also acted as the Israeli court-appointed receiver or liquidator (for Leadcom, Global Wires Group, Foris Telecom, Sybil Germany, RichFX, Mercado, Digital Verification, Kaman Capital, Legacy Benefits, ScaleDB, Digital Verification and many others), operating businesses in diverse parts of the world with great success. The firm has extensive and solid connections with additional law firms, accountants, appraisers and economists around the globe, which enable us to handle insolvency cases in many countries worldwide in the most professional, efficient and effective manner.
Ofer Shapira, founder and managing partner of the firm, has served as receiver and liquidator for dozens of companies and businesses, including Leadcom Group, Global Wires Group, Atzmon, Nidar, Ha’Mefatel, Printlife, CSTI, Levidei Ashkelon, Levidei Ashkelon, TAT Industries, Hagleel, Freidrich, Electro-Metal, Africa Israel Industries, Packer steel and tens of other companies and businesses. Our firm has also been repeatedly appointed as court appointed trustee or administrator in major bankruptcy proceedings (as in the bankruptcy proceedings against Joseph Grunfeld, the Administration of the Estate of Adv. Yoram Yossiffof and many others).
Adv. Ofer Shapira actively participated as a professional expert before the Knesset Committee of Constitution, Law and Justice in the legislation process of Israel’s new Law of Insolvency and Economic Recovery, 2018.
Our current client list includes major banks, financial institutions, bondholders, indentures trustees, credit funds, investment funds and other major lenders.