International Insolvency Proceedings in Light of the New Law

By: Lipa Meir & Co.

The insolvency and economic rehabilitation law, approved by the Knesset last March, solves some of the legal difficulties created over the years as a result of multi-state insolvency, and the new law has an entire section designed to enable more efficient handling of insolvency proceedings with aspects In which the insolvent debtor has assets in several countries or whose creditors are located in different countries. Read more.