A Swiss company that had developed an aviation engine had got into difficulty and was in liquidation. The company’s entrepreneur, through an Israeli acquaintance living in Switzerland, sought assistance and prevention of the company’s liquidation.
According to advice, an action plan for extricating the company from liquidation was filed to the court in Switzerland. As a result, an extension was given and the liquidation hearing was deferred, to allow for a recovery plan to be dully and fully formed.
The extension meant that negotiations could be held with the various “forces” in the Swiss company, forming various options for recovery in the process. One of the results was the process was a leading public Israeli company and a private French partner taking interest in it. The stakeholders chose the French partner in the end, and the company evaded liquidation.