News

| Tamar Cohen
October 28th, 2015

Partner Tamar Cohen chaired the annual fundraising gala of "YEDID" in celebration of 18 years to their legal department. The event honoured the former President of the supreme court, the Hon. Dorit Beinisch, with the mark of "YEDID" of the Israeli society.

Hebrew Item
June 21st, 2015

Gornitzky represented Bank Hapoalim and Mizrahi-Tefahot Bank in the signing of a NIS 1 billion credit agreement to finance the construction of the TLV Fashion Mall in Tel Aviv

Gornitzky represented Bank Hapoalim and Mizrahi-Tefahot Bank in the signing of a NIS 1 billion credit agreement to finance the construction of the TLV Fashion Mall in Tel Aviv. This is part of the first real-estate project ever in Israel to be financed by a syndication of banks.

 

The banks are represented by Eli Elya (Partner), Tamar Cohen (Partner), Lior Baran, Aviad Rabinowitz and Moran Ben-Moshe Sabato.

October 22nd, 2015

Gornitzky represents a major hotel chain in the signing of a credit agreement to finance the acquisition of a Hotel in Milan, Italy.

Gornitzky represented a major hotel chain in the signing of a credit agreement to finance the acquisition of a Hotel in Milan, Italy. The credit was facilitated by a UK Bank. This is part of a series of planed hotel acquisitions by the hotel chain to take place in the near future in Europe.

 

The hotel chain was represented by Jack Smith (Partner), Tamar Cohen (Partner) and Dr. Dominic Pugatsch (Associate). 

May 22nd, 2012

Gornitzky & Co. represented Bank Hapoalim in the complex refinancing arrangement of Bronicki Investments Ltd.'s NIS 500 million debt to the bank, in which the Bronicki family sold 12% of Ormat Industries Ltd. to FIMI Opportunity Fund. 

Gornitzky & Co. represented Bank Hapoalim in the complex refinancing arrangement of Bronicki Investments Ltd.'s NIS 500 million debt to the bank, in which the Bronicki family sold 12% of Ormat Industries Ltd. to FIMI Opportunity Fund.


Within the framework of the negotiations between the parties, Gornitzky & Co. represented Bank Hapoalim in two concurrent financing transactions. The first, between Bank Hapoalim and Bronicki, in which Poalim reinstated the remainder of their loan to Bronicki, with FIMI and Bronicki pledging their holdings in Ormat to secure the loan. The second transaction involved a right granted by FIMI to Bronicki Investments, whereby, under certain conditions, Bronicki can reassign to FIMI the balance of their debt to Bank Hapoalim. In this regard, Gornitzky handled the finance agreement and lien agreements with FIMI, which will come into effect only with the assignment of the loan.


Bank Hapoalim was represented by Eli Elya (Partner), Tamar Cohen and Lior Baran.