RT Journal Article SR Electronic T1 Major Changes Proposed in Israeli Debt Restructurings JF The Journal of Private Equity FD Institutional Investor Journals SP 90 OP 92 DO 10.3905/jpe.2015.18.4.090 VO 18 IS 4 A1 Sheon Karol YR 2015 UL https://pm-research.com/content/18/4/90.abstract AB The rapid growth of non-traditional bank lending in Israel substantially mirrors the U.S. experience. While this trend has fostered growth and innovation by providing Israeli businesses with access to the capital markets, Israeli law governing debt restructurings has been in need of modernization and is substantially less well developed than analogous U.S. law. The Israel Finance Ministry in November 2014 proposed significant changes to modernize Israeli law in this area. The main provisions of the Commission’s recommendations remove much of the control exercised by corporate insiders under the existing regime and provide bondholders, as creditors, with greater leverage to determine the timing and outcome of restructurings.TOPICS: Private equity, developed, legal/regulatory/public policy, financial crises and financial market history