The team is comprised of expert jurists with additional training as accountants and/or finance and management personnel, who specialize in accompanying companies during periods of instability. The goal is both to help management in leading the business to financial stability, and outline a restructure for recovery. Moreover, the service provides protection for executives, by acting properly and doing whatever is required for the business.
The division operates under the leadership of Dr. Shlomo Ness, lawyer and accountant, a founding partner in the firm of Doron, Tikotzky, Kantor, Gutman, Ness, Amit Gross & Co. who was awarded the media nickname “The Country’s Liquidator” or “The Country’s Rehabilitator” acting as a trustee and court-appointed special manager for many companies, including: the Israel Co-Op chain, the Clubmarket chain, Agrexco, the Maariv group, the Burger Ranch chain, the Arie and Ofer group, the new central bus station, and more.
Rehabilitation plans and efficiency drive programs for businesses, entrepreneurs, and companies in growth or crisis. To improve business results, improve profitability, and increase growth, focusing on reducing costs and streamlining the existing mechanism as well as reorganising the business financing system.
The advice is discreet, providing advice without dealing with image and media influences, for the betterment of management.
Locating investors, raising sources of financing and loans, helping to arrange compositions with creditors for companies in crisis even before they enter insolvency-related legal proceedings. Executing the management of compositions with creditors under the auspices of legal proceedings and with the consent of the majority of creditors, or locating investors if necessary out of court.
Insurance – It should be noted that in light of the updates of the Insolvency and Economic Rehabilitation Act that came into force this year, protecting managers and directors, or the CFO, is inter alia a matter of consultation and exploring alternatives even before the company enters insolvency proceedings, and receiving assistance from parties who are experts in business rehabilitation.
Financial-business consulting on issues of improving profitability, performance metrics, management reports that support decision making, establishing computer infrastructures to manage financial data and operations in an organization including BI, product and budget pricing, specializing in decentralised management, building control and management processes and implementing them, planning and management of cash flow and contacts with banks. Establishment of finance departments, recruitment and training of personnel, characterisation and implementation of financial software.