News| Daniel Lasry
Gornitzky represented Luzon Group in a claim regarding a lien on Dori Energy's shares.
Gornitzky represented Luzon Group in a claim in which it declared that the lien on Dori Energy's shares, a company owned by the group and a shareholder in the Dorad power plant, serving as security for an NIS 180 million bond-raising, does not necessarily prompt the right of first refusal incorporated in the Dorad Power Plant shareholders' agreement.
The District Court fully accepted the claim filed by the group, awarding the company high expenses. Following the ruling, an appeal to the Supreme Court was filed by Edelcom Ltd. (another shareholder in the Dorad power plant), but was dismissed.
Gornitzky successfully represents Luzon Group in a claim regarding Dorad Power Plant shareholders.
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.
Gornitzky represented Nes-Pan in Mega Retail Creditor Arrangement
Gornitzky represented Nes-Pan (a subsidiary of Amot Investments) in a stay of proceedings requested by Eden Teva Market (a subsidiary of Mega Retail). Nes-Pan is one of Eden Teva Markets' Creditors, leasing a property to the company in Be'er Sheba.
Gornitzky represents Kaldash Construction Ltd. in a claim filed against it in the Holyland affair.
Gornitzky represented Kaldash Construction Ltd. in a claim filed against it in the Holyland affair. The matter originated in 2013, upon the decision of Jerusalem's Local Planning and Building Committee to file a claim against the entrepreneurs of the Holyland project.
The Municipality's main argument included the fact that based on testimonies given in the criminal case of the late state witness, Mr. Shmuel Dachner, the Holyland entrepreneurs allegedly conspired to deceive the Municipality and mislead it within the framework of the negotiations to sign an exclusive land betterment tax agreement.
The court fully accepted Kaldash Construction's arguments and ruled that there was no conspiracy whatsoever, nor was anything concealed from the Municipality. In his ruling, the honorable Judge Winograd also dismissed the Local Committee's claim in the amount of NIS 130 million against Kaldash Construction, instead ordereding the Committee to pay expenses in an overall amount of NIS 1.4 million.
Gornitzky successfully represented A.S. Uri investments & assets (2000) Ltd., a subsidiary of Vitania Ltd., in a NIS 7 Million claim against the company filed by Adv. Yehuda Zehavi, which was revoked by the Tel Aviv District Court.
Gornitzky successfully represented A.S. Uri investments & assets (2000) Ltd., a subsidiary of Vitania Ltd., in a NIS 7 Million claim against the company and Gad Proper, a Vitania Ltd. Shareholder, filed by Adv. Yehuda Zehavi. The claim of the plaintiff, Adv. Zahavi, is that Vitania made a verbal commitment to him that he would be the lawyer handling the enforcement of Vitania's rights in the assisted accommodation project, “Until 120”, and “Vitania Tower”, office building in Ramat Hachayal, Tel-Aviv. Vitania Ltd. denied such commitment was ever made to Adv. Zehavi and claimed he was paid fully for all legal services provided with connection to the Project. . The Tel Aviv District Court rejected the claim and questioned the absence of a written fee agreement, while stressing the duty of lawyers to draft written agreements at all times.
Gornitzky represented Amot Investment in Mega Retail's Credior Arrangement
Gornitzky represented Amot Investments (TASE: AMOT) in Mega Retail's Plan of Recovery and Creditors Arrangement.
Within the framework of the Arrangement, various creditors (among them Amot) had reached an Arrangement to restructure Mega's debts, which accumulated to USD 700 million. The Arrangement was approved by the Central District Court pursuant to section 350 of the Companies Law.
Amot is the investment arm in Israel of Alony-Hetz Properties & Investments Ltd., and is a leader in the management, leasing, maintenance, and development of income generating properties in Israel.