News

| Nir Keidar
September 10th, 2017

Gornitzky represents Bank Hapoalim before the US Federal DC District Court.

Gornitzky represented Bank Hapoalim, together with Norton Rose Fulbright, in a legal proceeding in which the US Federal DC District Court dismissed a 1 billion USD claim (amended from the original 34.5 billion USD claim), mainly on the basis of political questions doctrine. The claim was filed by various Palestinian plaintiffs, backed by pro-Palestinian groups, against various corporations and individuals. It alleged various international law violations related to settlement activity and to IDF activities in the West Bank and the Gaza Strip.

 

Bank Hapoalim was represented by Pinhas Rubin (Head of the Firm), together with Associates Cobi Marcus, Nir Keidar and Assaf Harel.

June 28th, 2015

Gornitzky represented Bank Hapoalim, Mizrahi Tefahot Bank, and The Phoenix as lenders in a NIS 600 million syndicated loan to Mashav - Initiating and Development Ltd., a private holding company which owns Israel's sole producer of cement.

Gornitzky represented Bank Hapoalim, Mizrahi Tefahot Bank, and The Phoenix as lenders in a NIS 600 million syndicated loan to Mashav - Initiating and Development Ltd., a private holding company which owns, among others, Nesher Israel Cement Enterprises Ltd., Israel's sole producer of cement. The loan will be used, in part, to refinance Mashav's debt to the syndication and, in part, for the development of its activities and investments in the areas of industry, infrastructures and energy.


The lenders were represented by Eli Elya (Partner), Inbal Badner and Nir Keidar.

 

February 17th, 2015

Gornitzky represented Mekorot Israel National Water Co. in the successful dismissal of a NIS 5.4 million lawsuit filed against the company in relation to reimbursement of money paid in the 1960’s and 1970's for water supply.  

Gornitzky & Co. represented Mekorot Israel National Water Co. in the successful dismissal of a NIS 5.4 million lawsuit filed against the company in relation to reimbursement of money paid in the 1960’s and 1970's  for water supply (“water rights”). The res judicata arguments made by Gornitzky, following a prior settlement in a class action suit between Mekorot’s shareholders (including the claimant), Mekorot and the State of Israel., were accepted by Justice Dr. Dafna Avnieli of the Tel Aviv District Court.

 

Mekorot Israel National Water Co. was represented by Timor Belan (Partner) and Nir Keidar, together with Nehushtan, Zafran, Scharf, Jaffe & Co.

 

For more information on our litigation practice, visit here.

December 8th, 2016

Gornitzky represented Bank Hapoalim and other syndicate banks in refinancing a part of Bright Food (Group) Co. Ltd.'s buyout of Tnuva

Gornitzky represented Bank Hapoalim as arranger and lender and other syndicate lenders - Discount Bank, First International Bank of Israel, Clal insurance company and The Phoenix insurance company, in a multicurrency syndicated loans for refinancing a part of Bright Food (Group) Co. Ltd.'s acquisition financing of Israeli food company Tnuva from 2015, the largest financing of a Chinese purchaser in Israel and one of the largest transactions in Israel in recent years.

The clients was represented by Eli Elya (partner), Dubi Gross (partner), Ori Yitzhak (partner), Gila Ponte-Shlush, Nir Keidar and Alon Peled

March 30th, 2015

Gornitzky & Co. represented the Bank Hapoalim and other syndicate banks in financing a part of Bright Food (Group) Co., Ltd.'s buyout of the Israeli food company, Tnuva.  

Gornitzky & Co. represented the Bank Hapoalim (as arranger and original lender) and other syndicate banks (Bank Discount, First International Bank of Israel and Clal Insurance Enterprises Holdings Ltd.) in financing a part of Bright Food (Group) Co., Ltd.'s buyout of the Israeli food company, Tnuva.  


The lenders were represented by Eli Elya (Partner and Practice Head), Elite Elkon May-Tal (Partner), Dubi Gross (Partner), Nir KeidarOri Yitzhak, Gila Ponte-Shlush, Amnon Biss and Ady Abrams.

December 23rd, 2014

Gornitzky represented Bank Hapoalim in three simultaneous real-estate financing transactions with Neptune Hotel Ltd., Sella Capital Real Estate Ltd. and Issta Israel Ltd. 

Gornitzky represented Bank Hapoalim (TASE: POLI) in three separate and simultaneous real-estate financing transactions with Neptune Hotel Ltd. (of the ILDC Group), Sella Capital Real Estate Ltd. (TASE: SLARL) and Issta Israel Ltd.

 

Bank Hapoalim was represented by Eli Elya (Partner, Banking and Finance), Lior Relevy (Real Estate), Inbal Ravid-Badner, Nir Keidar and Lior Baran.