Chapman has been selected and is serving as U.S. counsel to the bond trustee in connection with the restructuring of approximately USD275 million (NIS 1 billion) of bonds traded on the Tel Aviv Stock Exchange issued by Zarasai Group Limited.

Michael Friedman is the lead attorney on the matter for the issuer, a BVI company with U.S. subsidiaries are engaged in the acquisition and development of real estate properties in New York.