Showcasing demonstrable experience across the financial services and construction sectors, Naschitz, Brandes, Amir & Co. merged with Cohen, Wilchek & Co. in December 2023, bolstering its prowess in handling large-scale insolvency cases, in addition to bankruptcy proceedings, restructuring distressed companies and maximising creditor returns. Alona Baumgarten, who stands out for her expertise in matters concerning corporate recovery, creditor protection, creditor settlements, debt settlements and bankruptcies, jointly leads the team alongside Avner Cohen, who maintains a track record in handling dissolutions, liquidations and insolvency cases. Both Ido Einat and Elad Afari are experts in insolvency, representing debtors, creditors and investors in rehabilitation, liquidation and debt settlement proceedings.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘Alona Baumgarten is an experienced lawyer in this field.’

  • ‘Alona Baumgarten is a lawyer with extensive experience in the field of insolvency, known for her professionalism and ability to bridge complex legal issues.’

Key clients

  • Courts Appointed - Trustee of Globus Max
  • Bank Hapoalim
  • Clal Insurance Enterprises Holdings Limited.
  • Union Bank
  • Court Appointed Shachaf Security
  • Bone HaZafon
  • ISRAEL IS BUILDING THE NORTH
  • Unet Credit Finance Services
  • Plastnir
  • Galita
  • Rachmani
  • Agrotop Ltd.
  • Ayeleth HaShachar
  • Yaadim Group
  • Menif Financial Services
  • DAHAS CRANE & SERVICES ASHKELON (1979) LTD.
  • NESS POLYMERS LTD
  • SHULTZ QUALITY CATERING 1997 LTD
  • Courts Appointed - Tanus Construction and Development
  • Court Appointed - Na’ot Ha’Pisga, Modi’in Ilit Ltd.
  • Courts Appointed - Leadcom Integrated Solutions Limited.
  • Saba Habib Olive Oil Ltd.
  • Mercantile Discount Bank
  • Israel Discount Bank
  • Court Appointed - Innovative Patents and Tisteron Ltd
  • Court Appointed - Mordechai Binyamin and Sons Earthworks (1993) Ltd.
  • Court Appointed – Discreet
  • Court Appointed - Shtula Metal-G.
  • Court Appointed - The AMI Project Initiatives Group Ltd.
  • Court Appointed – Dalhom
  • Registrar of Fellowship Societies
  • Courts Appointed – M.R.A Pharm and Hassan Khalaila
  • Court Appointed – Mazada Refael Tours
  • Court Appointed – Ziron No
  • Court Appointed - ARD Aviv Holdings
  • MOKED YASUR SECURITY SERVICE 2000 LTD
  • PARENTS NURSING LIMITED PARTNERSHIP
  • Trade Options Marketing LTD
  • K.M.T. (M.H.) TECHNOLOGIES COMMUNICATION COMPUTER LTD
  • Treat App Ltd
  • BEE SKY CONSTRUCTION AND ENTREPRENEURS LTD

Work highlights

  • Appointed as trustee for Unet Credit Finance Services, a TASE-listed provider of non-banking credit services and representing the company in its ongoing recovery settlement plan which is structured around two instalments, catering to two distinct tiers - investors and bondholders.
  • Appointed by court as joint-trustee of Shachaf Security's and representing the company in the sale of its security-related activities to Modiin Ezrachi, a civil intelligence enterprise.
  • Appointed by court as joint-trustee in the insolvency proceedings of the Agrotop Group and representing companies within the group in the sale of Agrotop’s shares to its purchaser.

Lawyers

Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.

Practice head

The lawyer(s) leading their teams.

Alona Baumgarten, Avner Cohen

Other key lawyers

Ido Einat, Elad Afari, Yaron Rossman