News

| Infrastructure & Project Finance
July 6th, 2017

Gornitzky represents Shikun & Binui in the financial closing of a large-scale project.

Gornitzky represented Shikun & Binui Group, Israel’s leading infrastructure and real estate group, in the financial closing of a large-scale project for the construction of a photovoltaic solar power plant (MW120) in Kibbutz Zeelim, for approximately NIS 650 million. This is meant to be the largest power plant ever to be built in Israel.

 

Shikun & Binui Group was represented by Partners Itay Geffen (Head of Infrastructure) and Yiftah Farber, together with Associates Maya Dvir and Liron Koren.

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.

August 13th, 2013

Gornitzky represented U. Dori in the company's NIS 50 million suit against the EPC contractor of the Dorad power station, Wood Group and its subsidiary. 

Gornitzky represented U. Dori in the company's NIS 50 million suit against the EPC contractor of the Dorad power station, Wood Group and its subsidiary. The Dorad power station is a combined cycle power station based on natural gas. It is the largest independent power station in the country and will generate up to a total of 840 megawatts of electricity, which will be sold to the IEC and to large industrial/institutional customers through the IEC's distribution grid.

 

U. Dori Engineering Works Corp. Ltd. was represented by Eli Cohen (Partner) and Or Lustgarten.

April 21st, 2013

Gornitzky represented Isramco Ltd. in a USD 500 million loan from Deutsche Bank and Natixis, which will be used in part to finance the development of the Tamar gas field.

Gornitzky represented Isramco Ltd. (NASDAQ: ISRL; TASE: ISRA.L) in a USD 500 million loan from Deutsche Bank (NYSE: DB; DAX: DBK) and Natixis (FP: KN), which will be used to repay the company's bridge loan for the financing of the development of its share in the Tamar gas field, and for further development of the field.

 

Isramco Ltd. was represented by Elite Elkon May-Tal (Partner) and Ori Yitzhak.

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).

July 20th, 2016

Yet another successful year and recognition of our outstanding abilities! This year, as in previous years, the esteemed ranking guide, Coface Bdi, top ranked our firm in 14 Tier 1 categories

Yet another successful year and recognition of our outstanding abilities! This year, as in previous years, the esteemed ranking guide, Coface Bdi, top ranked our firm in 14 Tier 1 categories. The leading rankings include Banking & Finance, Tax, Litigation & Dispute Resolution, Mergers & Acquisitions, Capital Markets & Securities, Infrastructure & Project Finance, Energy & Natural Resources, Corporate, Real Estate & Construction, Real Estate taxation, Class Actions & Derivative Suits, Telecoms & Media, Restructuring & Insolvency, Trusts, Estates & Wealth Management.

May 20th, 2015

Gornitzky represented China Railway Tunnel Group (CRTG) in their win of the NIS 2.9 billion tender to build the tunnels and underground stations in the western section of the Tel Aviv light rail's red line.

Gornitzky represented China Railway Tunnel Group (CRTG) in their win of the NIS 2.9 billion tender to build the tunnels and underground stations in the western section of the Tel Aviv light rail's red line, together with the Solel Boneh unit of Shikun & Binui Holdings Ltd. This tender is largest tender in the project operated by NTA Metropolitan Mass Transit System Ltd.


China Railway Tunnel Group is represented by Itay Geffen (Partner), Yiftah Farber and Amit Levy.

June 23rd, 2013

Gornitzky represented Negev Energy – Ashalim Thermo-Solar Ltd. in their win of a BOT tender for the design, finance, construction and operation of a USD 1.1 billion solar thermal plant in Ashalim with a net power output of up to 121 megawatts.

Gornitzky represented Negev Energy – Ashalim Thermo-Solar Ltd., a company equally held by Shikun & Binui - Renewable Energy Ltd. (TASE: SKBN) and a subsidiary of Spain's Abengoa Solar S.A., in their win of a BOT tender published by the Government of Israel for the design, finance, construction and operation of a USD 1.1 billion solar thermal plant in Ashalim with a net power output of up to 121 megawatts.

 

The planned concentrated solar power plant is expected to operate as a parabolic trough plant with 4.5 hours of thermal energy storage. Electricity generated in the plant will be purchased by Israel Electricity Corporation over a 25 year power purchase agreement.

 

Negev Energy was represented by Itay Geffen (Partner), Dubi Gross (Partner), Moshe Krieger, Imri Kozak and Arielle Ruimi.

January 13th, 2012

Gornitzky & Co. represented Shikun & Binui Ltd. before the Israel's Supreme Court, appealing the rejection of their petition against the win of Shapir Engineering in the tender for the construction and operation of the new NIS 10 billion IDF training camps.

One week before the final announcement of the winning bidder in the tender for the construction and operation of a new IDF training camps, worth approximately NIS 10 billion, Mahanegev, a company owned by Shikun & Binui Ltd., submitted an appeal to Israel's Supreme Court. The company appealed the win of Shapir Engineering (2001) Ltd. in the tender. Gornitzky & Co. represented Shikun & Binui in the appeal and in the filing of an urgent application for an emergency hearing.

 

Mr. Ofer Tzur (Partner, Head of Litigation), Mr. Eli Cohen (Partner) and Mr. Itzchak Lazar lead the representation.

January 12th, 2011

Policity Ltd, represented by Gornitzky & Co., has recently been named preferred bidder in a tender for the design, finance, construction, operation and maintenance of the national training center of the Israeli Police, estimated at NIS 1.8 billion

Gornitzky & Co. represented Policity Ltd, a single purpose company held by Shikun & Binui Ltd (TASE:SKBN) (50%) and Hashmira Ltd. (of the G4S group) (50%), in submitting its bid in the tender for the design, finance, construction, operation and maintenance of the national training center of the Israeli Police for a period of 25 years. Policity Ltd has recently been declared preferred bidder in the tender.

 

The project is to be constructed in the western industrial zone of the Israeli city of Beit Shemesh, in an area of approx. 230 dunams (approx. 57 acres) and will include different structures in an estimated scope of 42,000 meters of main areas and service areas in an estimated scope of 20,000 meters. The approximate scope of occupancy of the training center is 2,000 cadets on weekdays. Policity will be entitled to a construction grant, a fixed quarterly payment and additional variable payments for the different operation and maintenance services to be supplied, summing up to approximately NIS 1.8 billion.

 

The team handling the representation included Itay Geffen (Partner) and Yiftah Farber.