Adv. Lior Dagan was appointed as the trustee of EGFE Israel Ltd. (in liquidation), as the trustee for the assets of the debtor Michael David Ben Ari (in insolvency), as the trustee of EGFE Hungary KFT (in liquidation), and as the trustee of EGFE USA LLC (in liquidation) – consolidated insolvency proceedings conducted before the Tel-Aviv District Court. Adv. Dagan was also appointed as the debtor’s trustee (Foreign Representative) in the recognition proceedings according to Chapter 15 of the US bankruptcy code, which is being conducted in the court of the Southern District of New York. On this website, you can keep up to date with what is happening on the case, get information about filing debt claims, which is an action necessary to recognize an investor as a creditor of the debtor and/or EGFE corporations, read decisions and judgments given by the court, review motions submitted to the case by the trustee, contact the trustee and his staff, and more.
- About the insolvency cases of the debtor and EGFE corporations
- Details of the debtor’s and EGFE corporations’ assets in Israel and abroad.
- Details about the numerous operations performed by the trustee in Montenegro
- A summary of the Trustee’s operations in Serbia, Hungary, the USA and other countries.
- Litigation proceedings in Israel and abroad.
- Attached to the periodic report is a financial statement of the creditors’ pool, as prepared and reviewed by CPA Jacob Passi (the financial statement is as of the date of submission of the periodic report).
On June 29, 2022, the trustee held an update conference for the debtor’s creditors and EGFE corporations held at ZOA in Tel Aviv. An invitation to the conference was sent to all of the debtor’s and EGFE corporations’ investors and to the representing attorneys on the case, along with a link to connect remotely via Zoom. In the first part of the conference, the trustee reviewed in detail all the actions carried out by him and his team on the case, the status of the assets and/or funds of the debtor and EGFE corporations in a geographical division by country, an overview of the debt status; A review of the mechanism proposed by the trustee of resolving debt claims (motion No. 168) including a numerical example for illustration; The interfaces of the insolvency procedure with the criminal procedures conducted in Israel and around the world; and more; In addition, the trustee provided information on the next planned steps, including timetables for the continuation of the actions on the case. In the second part of the conference, the trustee answered all the questions sent in advance, with the trustee answering each question according to the language in which the question was asked (questions asked in Hebrew the trustee answered in Hebrew, and questions asked in English, he answered in English).
To watch the conference: