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BGN Member in Israel in Successful Receivership of major international Construction and Integration Group, Leadcom

Julie Palmer

Administrative Receivership

| January 4th 2011

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BGN Member in Israel in Successful Receivership of major international Construction and Integration Group, Leadcom

We are delighted to report that our good friend and active BGN member, Ofer Shapira has been appointed as the Receiver of Leadcom Integrated Solutions Ltd which is a holding company of a multinational business containing tens of subsidiaries around the globe from Latin America in the west through Europe and the Middle East to Africa and the Far East.

Leadcom group is a well known construction and integration group that works for the leading communication operators around the world in planning of communication networks and construction of communication sites of any sort and shape. Before the appointment Leadcom employed more than 1,000 employees worldwide.

BGN Executive Chairman, Nick Hood commented: “Ofer’s success in winning this important case reflects his ability to operate worldwide with the help of other BGN members and associates.

In the early stages of the case, BGN was able to provide Ofer with invaluable comfort that he could access the network's resources and contacts in such diverse jurisdictions as Ecuador and many parts of Sub-Sarahan Africa, although ultimately this support was not needed. Under his Administrative Receivership, Leadcom has been successfully led out of its crisis in a remarkable turnaround and its revenues for 2011 are expected to be nearly $120M."

Julie Palmer

About the author

Julie Palmer

Regional Managing Partner

Meet our Team of Experts

Julie is a law graduate who qualified with Price Waterhouse in 1994. Julie joined Smith & Williamson in 1997 and became a partner in 2001. With Mike Stevenson, Julie set up Middleton Partners offices in Salisbury and Southampton, both of which are now part of Begbies Traynor.

Julie is a member of the Insolvency Practitioners Association and the None Administrative Receivers Association and is a Fellow of The Association of Business Recovery Professionals. Julie deals with all aspects of Corporate Recovery and turnaround work and takes all form of personal insolvency appointments.

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Insolvency Practitioners Association Institute of Chartered Accountants in England and Wales R3: Association of Business Recovery Professionals ICAEW Business Advice Service Turnaround Management Association ACCA (the Association of Chartered Certified Accountants) ICAS | The Institute of Chartered Accountants of Scotland