Shapira & Co. specializes in handling distressed businesses, receiverships, liquidations and scheme of arrangements, collection of debts and realization of assets in Israel and abroad. The Firm also provides high-end services in complicated property transactions and construction projects, as well as commercial litigation. Shapira & Co. is known for its extensive experience and impressive ability to integrate legal and commercial aspects.
Adv. Ofer Shapira, the managing partner of the Firm, represented Bank Leumi and Mizrachi Bank in the receivership and liquidation proceedings of Caesarea Glenoit (Carmel Carpets), participated in the creditors’ arrangement for Izhar Industries, represented Bank Hapoalim in personal claims following the collapse of Adacom and in complex cases such as Hamashbir Lazarchan, Noga Electrotechnica, N.D.C. Group and many others. Adv. Shapira represented the trustees of Clubmarket, and appeared for the Electra Group in the Hefziba affair. Adv. Shapira represented Bank Leumi in the Nidar case, represented Bank Hapoalim in the colapse of Agreksco, represents Bank Leumi in the case of Dorea and many more. Along with its substantial activity of the firm in cases of insolvency Adv. Shapira represented throughout the years major creditors in complex creditors’ arrangements, both in the framework of legal proceedings and out of court settlements.
Adv. Shapira has successfully managed complex cases for companies in receivership or liquidation, working in Israel and abroad, including Levidei Ashkelon, Atzmon, RichFX, Global Wire Group, Leadcom Group, Assets of Sybil group in Poland etc. The firm has also been representing investors in acquiring distressed businesses.
This special combination of an extensive experience in restructuring plans and schemes of arrangements and a rich business experience in running distressed businesses, made Shapira & Co. to one of the most prestigious teams in leading of complicated debt arrangements in Israel. Among other matters Shapira & Co. has been serving as a business and/or legal representative of trustees and institutional lenders in the matters of Arazim, Engel Europe, Sybil Germany, Gilon, Ampal, Extra Plastic and others.
Its unique ability to guide clients efficiently through complex, stressful proceedings to a satisfactory solution has made Shapira & Co. a leader in its field.
Adv. Ofer Shapira began building his reputation in the law firm of Kantor, Elhanani, Tal & Co. In 2001 he joined Zellermayer Pelossof & Co., where he set up a division to handle distressed companies. In 2008 Shapira founded Shapira & Co., which has an excellent reputation in the market.
Fields of Expertise
Distressed Businesses: Insolvency: Based on comprehensive experience of both commercial and legal aspects, Shapira & Co. brings substantial added value in dealing with complex crises regarding distressed companies. The Firm enjoys impressive capabilities in crisis management including leading debt arrangements, insolvency proceedings in Israel and abroad, managing companies under receivership and liquidation, as well as representation of major creditors in debt collection proceedings, asset realization, and various transactions and proceedings related to distressed businesses.
Litigation: Shapira & Co. has extensive experience in leading high-profile litigation, mainly in the fields of corporate law, property law, construction and banking. Financial understanding combined with strong insistence on legal rights guide the Firm in litigation, with the focus on resolving the conflict effectively and wisely for the client’s benefit.
Real Estate: Shapira & Co. provides top-quality legal services in the pursuit of the success of real estate projects, from the initiation and accompaniment of economical feasibility through the funding procedure, agreements between entrepreneurs and contractors, contracts with financial institutions, selling of apartments and offices, negotiations with suppliers and customers, representation in lawsuits regarding construction defects, handling of all required issues with authorities and more. Familiar in realization of real estate assets and management of real estate projects of insolvent companies or distressed debtors, Shapira & Co. is skilled in leading real estate transactions, including organizing projects from their early stages, dealing with the authorities, negotiating with all relevant parties, the handling of contracts and legal proceedings, etc.
The Firm’s Vision
To continue building a leading brand in handling distressed companies. To continue expanding the Firm’s ability to bring financial understanding and creativity to bear on legal aspects of such cases, providing excellent service with a focus on optimal business outcomes for clients.
The Firm’s clients include major players such as Bank Hapoalim, Bank Leumi, Discount Bank, International Bank, Industrial Development Bank, BNP Bank, Menora Mivtachim, Electra Group, Plenus Fund and more.
Throughout the years Adv. Shapira gained an extensive, rich and very unique experience in running subsidiaries of Israeli companies overseas, and among other things worked with banks, suppliers and other creditors around the globe, from US and Latin America in the west, through western Europe and eastern Europe and Africa to India in the east.
Shapira & Co. is a member of the BTG Global Network and the network’s sole representative in Israel. BTG is a global network of leading professionals in the field of insolvency, including attorneys, accountants, legal investigators, business consultants and managers of recovery and reorganization. This network of insolvency practitioners gives the Firm the ability to provide effective and efficient professional services, including management of businesses and realization of assets, anywhere in the world.
In 2007 Adv. Ofer Shapira was named as one of the twenty best litigators in Israel by The Marker magazine.