News

| Jack Smith
January 31st, 2018

Gornitzky represented IPM Beer Tuvia Ltd. in all phases of the initiation and the financial closing process for the construction of a 450 megawatt conventional power plant.

Gornitzky represented IPM Beer Tuvia Ltd. in all phases of the initiation and the financial closing process for the construction of a 450 megawatt conventional power plant. The initiation phases included complex regulatory consulting, negotiations vis-à-vis the equipment provider and the building and operating contractor of the Siemens AG power plant and gas providers, Tamar and Leviathan. Negotiations for the financing agreements were carried out with Deutsche Bank and Bank Hapoalim, in the scope of approximately NIS 2 billion, and were also supported by guarantees from Euler Hermes, a foreign trade credit insurance company, entrusted by the German government.

 

The company was represented by Partners Jack Smith and Dubi Gross, together with Associates Amit Levy, Yael Kleinman and Avigail Labaton.

December 10th, 2017

Gornitzky represents Bazan, ICL and OPC in a huge gas sale contract.

Gornitzky represented Bazan, ICL and OPC in a USD 5.7 billion transaction for the purchase of natural gas from Energean Oil & Gas, holder of Karish and Tanin gas fields. In doing so, Energean ensures the committed purchase volume is met for the further development of the fields. Energean estimates that gas will begin flowing during 2020.
The companies were represented by Partner Jack Smith and Associate Amir Tsemach.

March 31st, 2016

Yet another successful year and recognition of our outstanding abilities! This year, as in previous years, Chambers and Partners, top ranked our firm in various categories. 

Yet another successful year and recognition of our outstanding abilities! This year, as in previous years, the esteemed international ranking guide, Chambers and Partners, top ranked our firm in various categories. Among those prominently ranked were the Head of the Firm, Adv. Pinhas Rubin, who was ranked Eminent Practitioner in the field of Banking and Mergers and Acquisitions, as well as Band 1 in the field of Tax and Litigation; Adv. Jack Smith (Partner) was ranked Band 1 in the field of Energy and Adv. Chaim Friedland (Partner) was ranked Band 1 in the field of Capital Markets. Additional partners, defined as leaders in their field are Eyal Marom and Shlomo Cohen in Real Estate, Ofer Tzur in Litigation, Itay Geffen in Capital Markets and Infrastructure and Project Finance, Elite Elkon, Eli Elya and Dubi Gross in Banking and Finance, Daniel Paserman and Gil Grady in Tax and Avner Finkelshtein in Antitrust

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). 

July 6th, 2015

Gornitzky represented Fattal Hotels Ltd. in the purchase of 63% of the partnership interests in Fattal Hotels Fund L.P. 

Gornitzky represented Fattal Hotels Ltd. in the purchase of 63% of the partnership interests in Fattal Hotels Fund L.P. Fattal Hotels Fund currently holds 18 hotels across Europe, including Germany, Belgium and Switzerland. The transaction reflects an aggregate value of €200 million to the portfolio. 

 

Fattal Hotels Ltd. were represented by Jack Smith (Partner), Kfir Yadgar (Partner), Ori Yitzhak and Samuel Berkowitz.

March 11th, 2015

Gornitzky's Jack Smith was featured in an article in Globes regarding the ramifications of the regulatory uncertainty prevailing in the gas exploration industry in Israel. read the full story (Hebrew):

July 4th, 2013

Jack Smith, a leading energy law partner at Gornitzky & Co., participated in a panel discussion on "The Consequences of the Natural Gas Revolution on the Israeli Economy and Industry" at an annual energy conference.

Jack Smith, a leading energy law partner at Gornitzky & Co., participated in a panel discussion on "The Consequences of the Natural Gas Revolution on the Israeli Economy and Industry" at Tashtiot's 3rd annual energy conference in Tel Aviv.

 

The conference was attended by speakers including Israel's Minister of Energy and Water, Silvan Shalom, and Tel Aviv's Mayor Ron Huldai.

 

Other lawyers from Gornitzky & Co. to lecture at the conference included Moran Erez and Moshe Krieger.

February 27th, 2013

Gornitzky & Co. represented Fattal Group in their NIS 1.5 billion purchase of 20 hotels in Germany - one of the largest hotels deals in Europe in recent years.

Gornitzky & Co. represented Fattal Group in their NIS 1.5 billion purchase of 20 hotels in Germany - one of the largest hotels deals in Europe in recent years.

 

Fattal Group, together with a consortium of international investors, signed an agreement to acquire from Goldman Sachs the entire share capital of the Queens Moat Houses (Germany) Holding GmbH, which maintains a portfolio of the 20 hotels.

 

Fattal Group was represented by Mr. Jack Smith (Partner), Mr. Dubi Gross (partner), Ms. Shiri Shani (Partner) and Mr. Yisrael Spero (Partner).

October 11th, 2011

Gornitzky & Co. represented Ketura Sun, a subsidiary of Arava Power Company Ltd. (of the Siemens group) in obtaining a permanent production license for a solar field, the first license of its kind to be granted in Israel.

Gornitzky & Co. represented Ketura Sun, a subsidiary of Arava Power Company Ltd. (of the Siemens group) in obtaining a permanent production license for a medium-sized solar field, the first license of its kind to be granted in Israel.

 

The Public Utility Authority granted Ketura Sun's facility the country’s first permanent production license for a solar field, following 11 other provisional licenses that were granted to Arava Power Company. The sum of investments in these energy projects is approximately USD 300 million.

 

Mr. Jack Smith (Partner) and Ms. Hagar Alon-Windman (Partner) led the representation.

January 16th, 2011

Gornitzky & Co. represented OPC Rotem and its sponsors, Israel Corporation and Dalkia Israel Ltd, in a project financing transaction of approx. NIS 2 billion.

Gornitzky & Co. represented OPC Rotem, a private company, and its sponsors, Israel Corporation (TASE: ILCO) (80%) and Dalkia Israel Ltd (20%), a subsidiary of Veolia Environment SA (NYSE: VE), in a project financing transaction from a syndicate comprising of banks and institutional lenders, led by Bank Leumi Le-Israel B.M., for the development and construction of a 440 megawatt private (B.O.O) power plant in Israel in a total estimated investment of NIS 2 billion.

 

The transaction was led by Jack Smith (Partner) and Idan Baki (Partner).

December 14th, 2017

Gornitzky represents Fattal Group in a transaction for the purchase of 36 hotels in England, Scotland and Ireland.

Gornitzky represented Fattal Group in a joint transaction with a Swedish partner that operates 120 hotels in Northern Europe for the acquisition of the management and rental rights of 36 hotels in Jurys Inn in England, Scotland and Ireland for a period of 25 years. The total consideration of the transaction is £ 800 million and Fattal's share is £ 120 million.

 

This is the largest transaction for the purchase of hotels ever made by an Israeli company in Europe, and includes a complex series of multi-stage agreements, including finance agreements (with international and Israeli financiers), management and rental agreements and a framework agreement with the partner, inter-alia, in order to obtain the desired structure and distribution of the portfolio.

 

The companies were represented by Partners Jack Smith and Ori Yitzhak together with Associates Yael Kleinman and Samuel Berkowitz.

June 1st, 2016

Gornitzky represented IPM Beer Tuvia in an agreement for the purchase of natural gas  from the Leviathan project JV for an aggregagte amount of appx. USD 3 billion 

Gornitzky represented IPM Beer Tuvia in an agreement for the purchase of natural gas from the Leviathan project JV for an aggregagte amount of appx. USD 3 billion for a 430MW power plant, which will be built in Beer Tuvia. Construction costs are estimated to be about USD 400 million.In addition, our firm provides ongoing legal advice, regarding the construction, operation and financing of the plant.

 

See related article in TheMarker (Hebrew)

 

IPM is represented by Jack Smith (Partner), Dubi Gross (Partner) and Moshe Krieger.

December 6th, 2015

Gornitzky represents Fattal Group in the sale and lease back of a portfolio of 18 hotels in Germany, valued at EUR 400 million

Gornitzky successfully represented Fattal Group in a sale and lease back transaction, of a portfolio of 18 hotels located in 12 cities in Germany, valued at EUR 400 million. The purchaser and lessor is Pandox Hotels, a leading Swedish hotel owner listed on the Stockholm Exchange.

Concurrent to the sale Fattal Group has signed a long term lease agreement with regards to the hotels that were sold.

 

See full story

 

The Fattal Group wase represented by Jack Smith (partner), Ori Yitzhak (Partner) and Samuel Berkowitz

September 8th, 2015

Partner Jack Smith was featured in an article in "Globes" regarding the discovery of an offshore natural gas field in Egypt and its potential implications on Leviathan gas field. Read the full story: 

Hebrew Item
June 9th, 2015

Gornitzky is representing IC Power Ltd. in the NIS 60 million purchase of a 120 MW co-generation power plant in Hadera.

Gornitzky is representing IC Power Ltd. in the NIS 60 million purchase of a 120 MW co-generation power plant in Hadera from Hadera Paper Ltd. Following the acquisition, IC Power will exclusively provide Hadera Paper with electricity for a period of 21 years. The closing of the purchase is subject to, inter alia, the approval of the Israel Antitrust Authority.

 

 


IC Power Ltd. is represented by Jack Smith (Partner), Moshe Krieger, Arielle Ruimi, Shira Porat and Moran Shanni. The proceedings vis-à-vis the Israel Antitrust Authority are being led by Avner Finkelshtein (Partner).

September 16th, 2013

Gornitzky & Co. represented I.P.M. Beer Tuvia Ltd. in an EPC contract with Siemens AG and Siemens Israel Ltd. for the development and construction of an approximately 430 megawatt private power plant.

Gornitzky & Co. represented I.P.M. Beer Tuvia Ltd. in an engineering, procurement and construction (EPC) contract with Siemens AG (XETRA: SIE) and Siemens Israel Ltd. with respect to the development and construction of an approximately 430 megawatt duel fueled, combined cycle, gas turbine private power plant in Israel.


I.P.M. Beer Tuvia Ltd. was represented by Jack Smith (Partner), Moshe Krieger and Arielle Ruimi.

June 26th, 2013

Gornitzky & Co. represented Nilit Ltd. in agreements with a division of Delek the Israel Fuel Corp. Ltd. for the conversion of Nilit's fuel oil consuming facilities to natural gas based facilities

Gornitzky & Co. represented Nilit Ltd., an international manufacturer of nylon for the textile and plastic industries, in agreements with a division of Delek the Israel Fuel Corp. Ltd. (TASE: DLKIS) for the conversion of Nilit's fuel oil consuming facilities in Migdal Ha'Emek to natural gas based facilities and for the supply and purchase by Nilit of compressed natural gas (CNG), which will be delivered to Nilit by way of special purpose CNG tankers.


Nilit Ltd. was represented by Jack Smith (Partner) and Moshe Krieger.

November 27th, 2012

Gornitzky & Co. represented Israel Corporation and its subsidiaries in the purchase of 16-20 billion cubic meters of natural gas from the Tamar partners for USD 4 billion.

Gornitzky & Co. represented Israel Corporation and its subsidiaries in the purchase of 16-20 billion cubic meters of natural gas from the Tamar partners for USD 4 billion.

 

According to the purchasing contract, three of Israel Corporation's subsidiaries - Israel Chemicals Ltd. (TASE: ICL), Oil Refineries Ltd. (TASE:ORL), and OPC Rotem Ltd. - will buy the gas from the Tamar field over a period of several years.

 

In 2010, Gornitzky represented Israel Corporation in the signing of a gas purchasing contract with Egypt's East Mediterranean Gas Company (EMG), a contract which was subsequently rendered unnecessary when Egypt suspended all gas deliveries to Israel.

 

Israel Corporation is Israel's second largest buyer of natural gas after Israel Electric Corporation.

 

Negotiations on behalf of Israel Corporation were led by Jack Smith (Partner) and Moshe Krieger.

June 26th, 2011

Gornitzky & Co. represented O.P.C. Rotem Ltd. in signing a USD 2 billion PPA (power purchase agreement) with several companies of the Azrieli Group, including Supergas, the Palmachim desalination plant and G.E.S. Ltd

Gornitzky & Co. represented O.P.C. Rotem Ltd., an Independent Power Producer owned by Israel Corporation Ltd. (TASE: ILCO), in signing a USD 2 billion power purchase agreement with several companies of the Azrieli Group, including Supergas Israel Gas Distribution Co. Ltd., the Palmachim desalination plant and G.E.S. Global Environmental Solutions Ltd. The agreement states that O.P.C Rotem Ltd. will provide electricity to the Azrieli Group for 10 years starting in 2012. The agreement is estimated to be worth USD 1 billion, and may reach a value of USD 2 billion.

 

O.P.C. Rotem Ltd. is in the process of developing a 440 MW gas fired IPP in Israel, which is intended to be the first in Israel of such scale. Such power purchase agreements negotiated and executed with a variety of electricity purchasers are groundbreaking in the Israeli market.

 

The team handling the representation included Mr. Jack Smith (Partner) and Mr. Moshe Krieger.