News

| Energy & Natural Resources
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.

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.

September 8th, 2015

At the 4th Annual Legal Conference of the Israeli Bar Association, Adv. Pinhas Rubin, partner, strongly condemned the delay in approving the gas outline agreement.  Rubin argued that monopoly is not a derogatory word and that monopolies are not illegal “particularly given that it contributes 8 billion dollars annually to the state”. Conference participants included, among others, Supreme Court President Miram Naor, Opposition Leader Isaac Herzog, Ministers, members of the Knesset and numerous attorneys. Read the full story: (Hebrew)

April 1st, 2015

Gornitzky represented National Petroleum Ltd. in the sale of its shares in West Indies Oil Company Ltd. to the Government of Antigua and Barbuda.

Gornitzky represented National Petroleum Ltd., a Bermuda company, in the sale of its shares in West Indies Oil Company Ltd., an Antiguan energy company and a regional leader, to the Government of Antigua and Barbuda.

National Petroleum Ltd. was represented by Moriel Matalon (Managing Partner) and Yoav Meer.

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.

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.

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.

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.

August 29th, 2012

Gornitzky & Co. represented Bank Hapoalim B.M. in the NIS 30 million financing transaction of a 3 megawatt photovoltaic power plant in Israel.

Gornitzky & Co. represented the Project Finance Department of Bank Hapoalim B.M. in a transaction valued at approximately NIS 30 million, for the financing of the design, development, construction and operation of a 3 megawatt photovoltaic power plant in Israel.

 

Bank Hapoalim B.M. was represented by Mr. Eli Elya (Partner), Ms. Editte Galli Heyne (Partner) and Ms. Arielle Ruimi.

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.

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.

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).

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):

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.

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.

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.

November 21st, 2012

Gornitzky represented Gandyr Group in the signing of an agreement for the purchase of Odem Partnership from Enlight Renewable Energy Ltd., of the Eurocom Group, for approximately NIS 19 million.

Gornitzky represented Gandyr Group in the signing of an agreement for the purchase of Odem Partnership from Enlight Renewable Energy Ltd., of the Eurocom Group, for approximately NIS 19 million. Within the framework of the deal, Gandyr Group will receive all rights in the partnership, as well as its liabilities, including a financing agreement with Bank Hapoalim.

 

Odem Partnership holds 62 solar energy facilities with an aggregate installed capacity of approximately 3 MW.

 

Gandyr Group was represented by Timor Belan (Partner), Amit Gelbard and Arielle Ruimi.

 

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.