Shibolet & Co. represents HSBC in a dispute between IDB Development Corporation and its bondholders .
Senior Partner Hillel Ish-Shalom, head of Shibolet’s litigation practice and associates Elad Greiner and David Hadar, represent HSBC, a creditor of IDB Development Corporation, in a dispute between the indebted holding group and its bondholders.
IDB Development’s bondholders are seeking court approval to go ahead with a plan they devised to rescue Dankner’s IDB Development from debt they say the company is unable to service. The plan would have swapped a portion of IDB Development’s debt for equity and rescheduled the rest.
The hearing of the dispute took place this week at the Tel Aviv District Court.