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12/23/2016
Israeli Bar Association insolvency conference in Eilat. Judge Kabub from Tel Aviv district court with new thoughts about the use of ICC.
Judge Zarenkin debating about social responsibility in insolvency proceedings. Also attended Hagai Ulman ADV, Raanan Kalir ADV, Roi Saluki ADV, Michal Haner Doitsh ADV, Michal Rabinovits ADV, Rami Yulious ADV.
11/22/2016
The honorable Nazareth District Court ruled that the bank will be required to reveal its internal procedures during litigation that involves his client or a third party such as a guarantor.
The plaintiff was represented by the lawyers Shaul Kotler and Yonat Meyer from Shaul Kotler Law office.
Bank Hapoalim declined to reveal the internal procedures in connection with - credit granting against a mortgage, as part of a claim which was submitted against the bank. Nazareth District Court, Judge (Chief Justice) Avraham Avraham analyzed the arguments and the law on this subject, stating that there is no banking secrecy in this matter and determining that the internal procedures are relevant in the above said case. The honorable Court accepted the argument by Kotler law office that the bank unlawfully refused to reveal these documents and that it has relevance for assessing whether the bank have acted In good faith when providing the credit.
02/15/2015
Infrastructure Company Mordechai Binyamin & Sons Earthworks (1993) Ltd. has completed a process of creditor`s settlement and restructure, in regard with debts of over 200 million NIS. The company, which have been operating since the year of 1968 and have been engaged in the operation of a quarry, road construction, earthworks, infrastructure and development, encountered difficulties in cash flow at the beginning of 2013. The company and its controlling shareholders applied to the court for stay of proceedings, and restructure. On 2.15.15 the district court in Nazareth approved the company creditors settlement including a personal settlement between the creditors and the shareholders. ADV. Kotler Shaul representing the owners: "This is a complex process, the scope of personal debt of the shareholders was estimated by Dozens of millions NIS. The result we have reached with the assistance of the Honorable Judge Eilabuni is just, economically wise, and takes into account the fair interest of all parties, which in the absence of a settlement would have collected only a minor part of the debt. "
11/20/2014
The company was engaged in importing and marketing of sunglasses and optical frames, all of which represent well known international brands. The products were purchased from leading Italian and American manufacturers. The company distributes the products to over 300 privately owned shops and chains within the territory of Israel.
The company found itself in bankruptcy proceedings .Tel-Aviv District Court issued a liquidation order against the company at the request of its employees. Adv. Shaul Kotler was appointed as a permanent liquidator of the company.
10/19/2014
The Central District Court (Lod) appointed Adv. Shaul Kotler as Temporary Liquidator of O.D.F OPTRONICS LTD.
The company was engaged in development, production, assembly and marketing in Israel and abroad of an electro-optic systems and products which includes tactical surveillance and an all-directional vision for military use.
Among other things, the company generated military command and control systems, electro-optic systems, military computers, military technologies including applications for civilian use.
The company encountered severe cash flow problems following the financial difficulties which both the mother company (S.D.S Company) and the sister company (New Noga Light Company) faced with.
Adv. Kotler was authorized to seize the assets of the company and its funds.
Central District Court
07/31/2014
On July 31, 2014, the Central District Court (Lod) appointed Adv. Shaul Kotler as Special Administrator of Spider Technologies Security Ltd. (in liquidation).
The company was engaged in developing security technologies and prior to liquidation $7,000,000 was invested in operations and technological development.
Adv. Kotler was appointed as a Special Administrator in order to exhaust the possibilities of seizing company assets and formulizing a composition of creditors.
The shareholders of the company are Mr. Ofer Glazer, Mr. Amiram Levin, et al.
Central District Court
07/06/2014
The veteran enterprise Hamakor Printing is in danger of closing. The court has appointed a receiver to the company according to an agreement reached between the company through its legal counsels Adv. Shaul Kotler and Adv. Shai Piade, and Bank Leumi.
Adv. Shaul Kotler: every effort shall be made to reorganize the company and save jobs, Bank Leumi is also involved with the effort.
In the next few days the reorganization plan and appropriate motion shall be submitted to the court.
Yedioth Ahronoth
05/11/2014
Company owners claim Bank Leumi lead them into unnecessary escapade in particularly risky financial market, provided unfit advice and profited from their loss
NEWS1
05/10/2014
S.H.G Silver & Golden LTD Is an Israeli limited company owned by Pendale investment LTD, from the Lev Leviev Group and by Mr. Beny Synbeti.
03/03/2014
Owners of a paper factory in Kiryat Gat sue Bank Leumi for NIS 10 million in damages claiming termination of credit line lead to factory’s collapse
NEWS1
11/14/2013
Although its Israel-based electric car company had already filed bankruptcy in its home country, Better Place, Inc., the U.S. parent of the foreign debtor, filed for protection under chapter 15 of the Bankruptcy Code with the United States Bankruptcy Court for the District of Delaware earlier this summer, in the hopes of obtaining protection of its U.S. assets while the foreign bankruptcy was being administered.
Lexology
07/10/2013
The buyer will pay at least NIS 18 million for Better Place Israel`s assets and NIS 25 million for Better Place Switzerland`s intellectual property.
globes
07/10/2013
Some six years after being founded by Shai Agassi, electric car company sold to Sunrise Ltd. and Association for the Promotion of the Electric Car in Israel; group promises to continue operation of battery-swapping stations.
ynetnews
07/10/2013
It’s part of the nature of dreams that no matter how intense and powerful they may seem while having them, they tend to quickly and quietly fade away once woken up
geektime
07/10/2013
The group aims to revamp the bankrupt electric-car venture with the help of an owner of Israel’s Arava Power.
sizedoesntmatter
08/25/2013
Court agrees to sell the assets of the defunct Better Place electric car company to Tzahi Merkur’s Success Group for NIS 11 million.
jpost
06/17/2013
Also for sale the right to import electric vehicles such as Renault Fluence and the lease agreement for offices in Rosh Ha’ayin
The Marker
01/06/2012
Liquidation proposal to buy assets
01/01/2010
Liquidation proposal to buy assets
1998-2013
Liquidation proceedings