News

| Telecoms & Media
August 31st, 2017

Gornitzky represents Bezeq in a motion to hold an additional court session regarding the Supreme Court's ruling on the matter of dividend distribution.

Gornitzky represented Bezeq, the Israeli Communication Corp. Ltd,. in a motion to hold an additional Supreme Court session regarding its ruling from December 2016, which dismissed an appeal over the District Court's ruling that denied motions to approve a derivative lawsuit on behalf of Bezeq, in relation to capital reduction and dividend distribution executed by Bezeq. In her decision, Supreme Court President, Justice Naor, denied the plaintiff's motion to hold an additional court session, stating that the motion does not fall within the rare cases which justify holding an additional hearing.

Bezeq was represented by Pinhas Rubin (Chairman of the Firm), Lior Porat (Managing Partner), Asaf Avtuvi (Partner) and Ehud Katzenelson (Associate).

June 22nd, 2017

An Israeli chapter in the FRAPA report dealing with the protection of television formats in worldwide legal regimes.

Our firm took part in an international report incorporating 30 different countries, in the field of Media and Communications, on the matter of legal protection of television formats. The report provides a comparative review of legal options available for the protection of television formats and is a cooperation between FRAPA, a leading international organization in the area of recognition and protection of TV formats, and the global law firm, Baker McKenzie.

 

The Israeli chapter in the report was written by Lior Porat, Managing Partner and Head of Telecommunication and Media practice at our firm, together with associate Karin Shani.

 

For more information please visit the FRAPA website: https://www.frapa.org/general/formats-are-protected-by-law

January 1st, 2017

Gornitzky's Dispute Resolution team successfully represented Bezeq the Israel Telecommunication Corp. Ltd. before the Supreme Court, receiving an unprecedented ruling in Corporate Law 

Gornitzky's Dispute Resolution team successfully represented Bezeq the Israel Telecommunication Corp. Ltd. before the Israeli Supreme Court, resulting in an exceptional ruling in favour of Bezeq, dismissing two appeals over the decision of the honourable Judge Kaboub at the Tel Aviv District Court which denied two motions to approve a derivative suit.
Among others, the ruling unprecedentedly asserts the absorption of the Delawarean Business Judgment Rule within the Israeli Corporate law.

 

Bezeq was represented by Pinhas Rubin (firm chairman), Lior Porat (partner), Asaf Avtuvi and Ehud Katzenelson

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.

April 1st, 2014

Gornitzky represented Strauss Investments (1993) Ltd. in a change of shareholders composition in Reshet-Noga Ltd., the Israeli Channel 2 concessioner. 

Gornitzky represented Strauss Investments (1993) Ltd. in a change of shareholders composition in Reshet-Noga Ltd., the Israeli Channel 2 concessioner, and the entrance of a new major shareholder – Endemol Group.

 

Strauss Investments (1993) Ltd. was represented by Lior Porat (Partner), Avner Finkelstein (Partner, Antitrust) and Yoav Meer.

March 18th, 2013

Gornitzky represented Partner Communications (Orange) in the successful dismissal of a derivative suit petition filed against the company's directors, which challenged the distribution of dividends and obtainment of loans. 

Gornitzky represented Partner Communications (commercially branded as "Orange") in the successful dismissal of a derivative suit petition filed against the company's directors, which challenged the distribution of dividends by Partner and loans obtained during the same period. The claim made by Gornitzky & Co., that the petition for the approval of the derivative suit was based upon economic and legal errors and should therefore be dismissed, was accepted by Judge Khaled Kabub of the Tel Aviv District Court.

 

Partner Communications (Orange) was represented by Mr. Pinhas Rubin (Firm Chairman), Mr. Lior Porat (Partner) and Ms. Sagit Ohana-Livne (Partner).

 

April 23rd, 2012

The High Court of Justice accepted YES' motion and issued a conditional order against the validity of an amendment to the Communications Law.

The High Court of Justice accepted YES' motion and issued a conditional order (order nisi) against the validity of an amendment to the Communications Law, which exempts certain channels, including Channels 9 (Russian), 24 (Israeli music) and 30 (Arabic), from paying transfer fees to the satellite company for their broadcast. The legislative amendment had been accepted in 2010 and essentially absolved the said channels from paying significant fees to YES.

 

YES was represented by Mr. Lior Porat (Partner) and Mr. Asaf Avtuvi.

September 20th, 2011

Gornitzky & Co. represented Bezeq Ltd. in obtaining the court's approval for a NIS 3 billion dividend, by way of capital reduction and also in recent court deliberations regarding the dividend

In March 2011, Bezeq Ltd. was authorized by the Financial Department of the District Court in Tel-Aviv (the Honorable Judge Danya Kareth Meyer) to distribute a NIS 3 billion dividend by way of capital reduction, as was recommended by its board of directors and approved by its general assembly. The approved dividend is to be paid in six payments, over a period of three years. In September 2011, the District Court ruled, inter alia, that a request to object to the dividend filed by two of Bezeq Ltd.'s bond holders a few months following the court's approval, became redundant.


Bezeq The Israel Telecommunications Co. Ltd. which is Israel's largest telecom operator, was represented by Mr. Pinhas Rubin (Firm Chairman), Mr. Lior Porat (Partner) and Mr. Asaf Avtuvi.

July 10th, 2017

Gornitzky represents “yes” in the sale of the TV series "The Good Cop" to Netflix.

Gornitzky represented “yes” in format sale agreement with Netflix, for the sale of the rights in the Israeli TV series “The Good Cop”, which includes the right to create a series based on the Israeli series.


According to the agreement, Netflix has the right to create a Netflix original series based on the Israeli series. For further reading click here.


“yes” was represented by Yoram Arad (Partner) and Laliv Amitay (Associate).

June 22nd, 2017

An Israeli chapter in the FRAPA report dealing with the protection of television formats in worldwide legal regimes.

Our firm took part in an international report incorporating 30 different countries, in the field of Media and Communications, on the matter of legal protection of television formats. The report provides a comparative review of legal options available for the protection of television formats and is a cooperation between FRAPA, a leading international organization in the area of recognition and protection of TV formats, and the global law firm, Baker McKenzie.

 

The Israeli chapter in the report was written by Lior Porat, Managing Partner and Head of Telecommunication and Media practice at our firm, together with associate Karin Shani.

 

For more information please visit the FRAPA website: https://www.frapa.org/general/formats-are-protected-by-law

December 4th, 2016

Gornitzky successfully represented “Yes” in a license agreement with Netflix, for the worldwide distribution of the TV series “Fauda”

Gornitzky successfully represented “Yes” in a license agreement with Netflix, for the worldwide distribution of the TV series “Fauda”. According to the agreement, “Fauda” will be branded as a Netflix original series and will be the first Israeli series to receive such a status. The series will be broadcasted in its original languages of production – Hebrew and Arabic.

 

“Yes” was represented by Yoram Arad (partner) and Laliv Amitay

 

July 1st, 2015

Gornitzky represented Milchan Media Ltd. in the sale of a portion of its shares in Israel's Channel 10 to the R.G.E Group Ltd.

 

Gornitzky represented Milchan Media Ltd. in the sale of a portion of its shares in Israel's Channel 10 to the R.G.E Group Ltd. Channel 10, one of only three privately-owned broadcasting channels in Israel. The channel has recently been granted a 15-year broadcasting license, making Channel 10 the first of the three to obtain such license. 

 

Milchan Media is ultimately owned by Mr. Arnon Milchan, a well-known international film producer who has produced over 130 full-length motion pictures (including Pretty Woman, 12 Years a Slave, Gone Girl, L.A. Confidential, Fight Club, and Mr. and Mrs. Smith).

 

Milchan Media Ltd. was represented by Lior Porat (Partner) and Yoav Meer.

September 11th, 2013

Gornitzky represented Rutledge Vine Capital in its equity investment in Tok Media International Ltd., a private company in the social media space. 

Gornitzky represented Rutledge Vine Capital in its equity investment in Tok Media International Ltd., a private company in the social media space. Rutledge's investment in Tok Media is its second investment in the company following an investment earlier this year, where it was also represented by Gornitzky.

Rutledge Vine Capital is a global Super Angel Investor that provides early stage venture funding to startup and seed companies and technovation research projects across the globe.

Rutledge was represented by Ari Fried (Partner) and Yehonathan Raff.

 

June 18th, 2012

The Tel Aviv District Court dismissed in limine a motion to approve a derivative claim against Bezeq, alleging that the company's shareholders were harmed by the distribution of approximately NIS 7 billion in dividends. Bezeq was represented by Gornitzky & Co.

Judge Ruth Ronen of the Economic Department of the Tel Aviv Jaffa District Court dismissed in limine a motion to approve a derivative claim against Bezeq the Israel Telecommunications Corp. Ltd. (TASE: BEZQ), alleging that the company's shareholders were harmed by the distribution of approximately NIS 7 billion in dividends.


Judge Ronen accepted Bezeq's arguments that the claimant should not be permitted to file such claim, as he is neither a registered shareholder of the company nor a member of its board of directors. Additionally, Bezeq argued that the distribution of the dividends had been approved by the vast majority of the shareholders, at the company's general assembly.


Bezeq was represented by Mr. Pinhas Rubin (Firm Chairman), Mr. Lior Porat (Partner) and Mr. Asaf Avtuvi.

 

April 1st, 2012

Partner Communications (Orange) objected to a motion to file a derivative suit against its directors, which challenged the distribution of dividends and obtainment of loans.

Partner Communications (commercially branded as "Orange") filed an objection to a motion to file a derivative suit against its directors, which challenged the distribution of dividends by Partner and loans obtained during the same period. Gornitzky & Co. responded to the petition on behalf of Partner, claiming that the petition for the approval of the derivative suit is based upon fundamental economic and legal errors, and should therefore be dismissed.

 

Partner Communications (Orange) is represented by Mr. Pinhas Rubin (Firm Chairman), Mr. Lior Porat (Partner) and Ms. Sagit Ohana-Livne (Partner).