The District Court appointed partner Yaron Elhawi as a temporary trustee for the company, Royal App Ltd., further to the company's motion for the commencement of insolvency proceedings and for the appointment of a temporary trustee for the company.

Legal 500
Specialising in multijurisdictional insolvency proceedings, Gornitzky & Co. advises distressed corporates and creditors and is regularly involved in the largest bankruptcy and insolvency matters in Israel.
Chambers Global
“Pays great attention to detail and approaches legal matters with good strategy, taking into consideration legal and commercial needs.”
Legal 500
“Gifted deal-makers with a very impressive track record. Full devotion to the client’s needs.“
Legal 500
“A wide view not only from the legal perspective but also from the business one.”



Our dedicated Restructuring and Insolvency team is made up of specialists who have earned an acclaimed reputation for commercial results and seamless service. We provide legal counsel to all parties involved in restructurings and insolvencies in, complex, local and multi-jurisdictional proceedings.

Gornitzky & Co. plays a prominent role in many of Israel’s most complex restructurings and insolvencies. This includes the representation of a full range of stakeholders, from corporations in distress to creditors, shareholders, financial institutions, private equity sponsors and other parties.

We have the expertise to affect all types of restructuring transactions, including moratoriums; rescheduling of debts; debt to equity swaps; capital restructuring; restructuring by means of corporate finance transactions (e.g. buy-outs, M&A, new equity investment, etc.); structured receiverships; corporate restructurings avoiding formal insolvency procedures and restructurings through insolvency processes.

WOur team advises on all types of insolvency proceedings, specializing in multi-jurisdictional proceedings; litigation and dispute resolution (including protecting officers in insolvent companies and creditor claims, cross-border recovery, asset freeze, and search operations); and legal advice relating to avoidance actions and regulatory, financial, and commercial issues. Partners at Gornitzky & Co. are often appointed as liquidators, receivers or trustees in high profile insolvencies.

Our unrivaled multidisciplinary approach enables our Restructuring and Insolvency team to draw upon the expertise of partners from our other practices, who specialize in areas such as Banking and Finance, Capital Markets and Securities, Litigation and Dispute Resolution, Real Estate and Tax. This advantage often proves to be pivotal in distressed situations.


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