The arrangements in Israels Insolvency and Economic Rehabilitation Law, enacted in 2018, include a series of special characteristics that must be taken into account when engaging with an Israeli corporation.
The relatively new law incorporates various rulings from previous years, and the legal practice deriving from it is still evolving. Thus, some uncertainty still exists regarding how the courts are likely to implement some of the arrangements prescribed in the law.
The main principle underlying Israeli insolvency law is to prefer the corporations rehabilitation to its liquidation. As a result, Israeli law prioritizes a recovery arrangement over business certainty and the parties freedom of contractual engagement.
Insolvency Tracks R…
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