News

| Shani Weiss
March 15th, 2016

Adv. Yaron Elhawi (partner), SDS liquidator, filed a motion to order the controlling shareholder and board members of SDS to bear the Company's debt in the sum of 72 Million NIS 

The liquidators of SDS, Adv. Yaron Elhawi (partner) and Amir Palmer, represented by Adv. Harel Shaham (partner) and Shani Weiss from Gornitzky & Co., filed a motion to order the controlling shareholder and board members of SDS to bear the Company’s debts to its creditors in the amount of over NIS 72 million. Such debt, arose , among other things, due to the distribution of a dividend in the amount of NIS 27 million, that was made to serve the urgent liquidity needs of the controlling shareholder, in violation of the duty of care of the Company’s directors and despite the existence of reasonable doubt as to the Company's solvency, and due to  amateurish and adventurous investments of tens of millions of shekels in product development and purchasing activities devoid of even elementary business logic and lacking even the most basic inquiries of the Company’s directors,who failed to take action and demonstrated complete passivity to the Company’s cash flow limitations. 

May 26th, 2015

Gornitzky is representing the Agrexco liquidators in a lawsuit against the State of Israel, which was recently approved to go to court. 

Gornitzky is representing the Agrexco liquidators in a lawsuit against the State of Israel, which was recently approved to go to court. In the lawsuit, the liquidators attribute responsibility for Agrexco's near NIS 500 million debt and subsequent bankruptcy collapse to the behavior of the State and affiliated entities, which controlled Agrexco, for their improper use of the company to promote national and other agendas that were contrary to the company's best business interest and created financial instability.

 

The liquidators, led by Dr. Shlomo Nass, are represented by Pinhas Rubin (Firm Chairman), Yaron Elhawi (Partner), Ofer Fleischer (Partner) and Shani Weiss.

 

For related news click here and here

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October 28th, 2015

Gornitzky & Co. represented Barak Capital, a leading Israeli investment group, in a capital raising of approx. NIS 280 Million by way of rights issuance of perpetual bonds to its shareholders.

Gornitzky & Co. represented Barak Capital, a leading Israeli investment group, in a capital raising of approx. NIS 280 Million by way of rights issuance of perpetual bonds to its shareholders.

In addition, Gornitzky & Co. succeed to revoke an injunction filed against Barak Capital by one of its minority shareholder which seek to prevent Barak Capital from completing the capital raising. 

 

Read the full story (Hebrew)


Barak Capital was represented by Ofer Tzur (Partner), Kfir Yadgar (Partner), Uri Heller and Shani Weiss