Pestalozzi advises First International Bank of Israel and Union Bank of Israel on avoidance claim proceedings and multiple parallel bankruptcy proceedings
Pestalozzi represented First International Bank of Israel and Union Bank of Israel against Eurostar Diamond Traders NV, Stelman International Diamond Dealers NV and others in avoidance claim proceedings of approx. USD 50 millions as well as in more than 7 parallel bankruptcy proceedings, including actions against the schedule of claims and complaints before the Supervisory Authority.