March 26, 2012

Gornitzky & Co. obtained a favorable ruling for winners of a tender offering.

After winning a tender offer by a court-appointed receiver for the purchase of land “as is” in Rishon L’Tzion, Ofroni Holdings discovered several previously undisclosed disputes between the owners and the Rishon L’Tzion planning authorities. In a motion to void the tender, the Rishon L’Tzion Magistrate’s Court gave an unprecedented ruling in support of arguments made by Adv. Noam Ronen of Gornitzky on Ofroni’s behalf, placing the burden of active disclosure of crucial information on the sellers.

Ofroni Holdings was represented by Mr. Noam Ronen (Partner).


Hit enter to search or ESC to close