With the economic disruption stemming from the Coronavirus Pandemic affecting enterprises with operations throughout the globe, the spectre of increased cross-border corporate insolvencies has arisen.

The coronavirus and the resultant global crisis will most certainly have a strong impact on commercial contracts and economies throughout the world. The broad paralysis of the Israeli (and global) markets could, without a doubt, "push" a broad range of companies to the "edge of a cliff", due to the harm incurred  as a result of their inability to meet their commercial obligations, such as credit terms or the provision of services or goods.

On July 14, 2014 the Tel Aviv District Court rendered its decision with regard to an application filed in the case of Dayan v. Ganden Holdings Ltd., concerning IDB Holdings Corporation Ltd., formerly part of the consortium owned by business tycoon Nochi Dankner ("the Company").

Israel has seen an upsurge in the number of debt settlements in recent years including the involvement of the movers and shakers in the Israeli market such as the IDB Group, one of Israel’s prominent business groups, holding a diversified network of leading corporations in key business sectors.