Insolvency Law Firm Forum 2023

19.06.23

This morning, Monday, June 19, 2023, we held the annual Duns 100 forum for senior legal professionals in the field of insolvency. The forum was held at the Royal Beach Hotel in Tel Aviv 100, the forum was led by Baruch Kara, reporter, and commentator for New 13 legal affairs.

The main topics of the forum: the restaurant industry where the highest number of business closures was recorded, an increase in the number of insolvency cases mainly in the real estate industry, a lack of government activity regarding financial education and the accessibility of financial information in the field, the influence of the media that makes rehabilitation even more difficult, the situation in the economy characterized by high inflation of the interest rates alongside the growth of the financing costs that do not allow the business owners to recover and are in huge debt, the chaos in the use of amendment 4 and the considerations of the banks when examining settlement proposals and not encouraging lenders to a better rehabilitation path.

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