FWMK (Furth, Wilensky, Mizrachi, Knaani) ‘stands out for its remarkable efficiency, extensive expertise and unwavering commitment to delivering top-tier legal services in the field of insolvency, including highly complex, cross-border insolvency procedures’. The team is also noted for its experience in liquidation proceedings, creditor arrangements, bankruptcy cases and receiverships. Practice leader Lior Dagan ’ability to navigate cross-border insolvencies and creditor arrangements with precision and efficiency sets him apart from competitors’, while Idan Adler Reiss advises on insolvency cases involving sports associations, private and public start-ups, contracting and retail companies.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘This practice stands out for its remarkable efficiency, extensive expertise and unwavering commitment to delivering top-tier legal services in the field of insolvency, including highly complex, cross-border insolvency procedures. The team consistently demonstrates integrity, deep legal knowledge, and the courage to tackle even the most challenging cases, no matter the complexity.’

  • ‘Lior Dagan is a lawyer whose integrity and courage sets him apart in the legal profession. His vast experience and deep knowledge, particularly in complex insolvency matters, makes him an exceptional lawyer who consistently delivers outstanding results for his clients.’

  • ‘I have worked with Lior Dagan and Zvi Karl. They are both responsive, great to work with and Lior's experience and strategic thinking is second to none.’

  • ‘The restructuring and insolvency practice at FWMK is distinguished by its unmatched expertise in managing complex cross-border insolvency cases, and its ability to swiftly navigate high-stakes situations while consistently delivering results. The team excels in handling large-scale liquidations, creditor settlements, and insolvency proceedings for both public and private entities.’

  • ‘Lior Dagan stands out for his leadership in some of the most complex and high-profile insolvency cases in Israel. His ability to navigate cross-border insolvencies and creditor arrangements with precision and efficiency sets him apart from competitors.'

  • 'Zvi Karl brings a fresh yet sharp approach to the team. He consistently demonstrates remarkable analytical skills and attention to detail, particularly in his handling of complex legal filings and negotiations. Zvi is highly proactive, and his ability to work seamlessly with senior partners and independently manage crucial aspects of cases is impressive.’
  • ‘Exceptional understanding of cross-border insolvency. Comprehensive feedback. Dedication and availability of the team members.’

  • ‘Lior Dagan is one of the best lawyers in the insolvency field. He is smart, sharp, and creative.’

Key clients

  • EGFE Israel Ltd (in liquidation)
  • EGFE USA LLC (In liquidation)
  • EGFE Hungary KFT (in liquidation)
  • Michael Ben Ari (in bankruptcy)
  • Vaniglia Group [4 entities under liquidation]
  • Intercure Ltd.
  • Mr. Zvi Ivri controlling shareholder of Ashplast Plastic Industries Ltd. (In creditors arrangement)
  • SG Holdings and Investments Ltd
  • Shmuel Donnerstein
  • Boaz Koren and 100 Investors who invested in AGA holdings (Kenyon Harel)
  • GKI Group and Gal Kalkstein
  • Orckit Communications Ltd (under creditors arrangement)
  • Michael (Miki) Iluz
  • Zvi Rotbart
  • Eitan Mordechai
  • Zehav Arbiv
  • Adv. Assaf Shomrat, the court appointed trustee of INVEST DOT COM (ISRAEL) LTD and IDC Investdotcom Holdings Limited
  • Guy Peleg
  • Cogito Capital
  • Oram Investments and Development (2008) LTD
  • Toam financing Ltd.
  • Litomina Olegovna
  • Ruslan Obskov
  • Anonima Trade Ltd (in rehabilitation)
  • Decibel Cannabis Company Inc.
  • We grow Ltd.
  • Gist MD Ltd (in liquidation)
  • Nutrits Ltd (in receivership)
  • Arbel Fund 2
  • Arbel fund 2b
  • Zvi Biran
  • Tom Real Estate Holdings (1992) LTD.
  • TOM HOLDINGS LTD.
  • Biran Z. Holdings (1999) LTD.
  • GLOBAL POWER EPC LTD (in liquidation)
  • Converting Ltd.

Work highlights

  • Acting as the court-appointed trustee in the cross-border insolvency proceedings of Michael Ben Ari and EGFE involving one of the largest Ponzi schemes in Israeli history.
  • Representing Mr. Zahav Arbiv, owner of a major dairy farm, in a creditor settlement case.
  • Served as the operating receiver for Nutrits Ltd, a startup specialising in AI-based baby monitors and baby feeding products.

Practice head

The lawyer(s) leading their teams.

Lior Dagan

Other key lawyers

Idan Adler Reiss, Zvi Karl