30
Apr
2013

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.

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