State Must Create a Temporary Framework for Insolvency Procedures in Light of COVID-19 | Barnea Jaffa Lande & Co.
To embed, copy and paste the code into your website or blog: The coronavirus pandemic has wreaked extensive economic havoc on the activities of many businesses and households in Israel. According to data from the Commissioner of Insolvency Proceedings, 2020 brought a rise of about 41% in the number of applications to commence insolvency proceedings compared to 2019. In light of these data, Ministry of Justice officials estimate a “flood” of requests to open insolvency proceedings in 2021. This assessment, coupled with the fact that, as currently written, the Insolvency and Rehabilitation ...
Source: jdsupra.com