Gornitzky successfully represents Luzon Group in a claim regarding Dorad Power Plant shareholders

September 5th, 2017 Back to all news

Gornitzky represented Luzon Group in a claim in which the group declared that the lien of shares of Dori Energy (a shareholder in the Dorad power plant),serving as a security for an NIS 1.8 million bond-raising, does not necessarily prompt the right of first refusal incorporated in the Dorad Power Plant shareholders' agreement.

At the end of the proceeding, a meticulous ruling was issued, accepting the claim in full and ordering high expenses to be paid to the company. The ruling dealt with fundamental, complex commercial and corporate issues and the manner in which they are to be applied in the area of financial and contractual conduct of public corporations.

The company was represented by Eli Cohen (Partner) and Associates Daniel Lasry and Alex Feldsher.