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Gornitzky & Co.

45 ROTHSCHILD BLVD, TEL AVIV 6578403, ISRAEL
Tel:
Work +972 3 710 9191
Fax:
Fax +972 3 560 6555
Email:
Web:
www.gornitzky.com
Herzliya Pituach, Tel Aviv

Adv Pinhas Rubin

Tel:
Work +972 3 7109122
Email:
Gornitzky & Co.

Work Department

Corporate; Tax; Mergers & Acquisitions; Banking & Finance; Capital Markets & Securities; Trusts, Estates & Private Wealth Management; Litigation & Dispute Resolution; Class Actions & Derivative Suits; White Collar Crime; Restructuring & Insolvency; Administrative Law; Commercial; Telecoms & Media; Antitrust & Competition

Position

Firm Chairman and Senior Partner.

Career

Pinhas Rubin is the Chairman and the Head of the firm at Gornitzky & Co.

He is considered by the Israeli financial press to be a “key position” holder and was listed therein as one of the people who will “open any door for you”. Since 2002, The Marker Magazine has repeatedly identified him as one of the 100 most influential people in the Israeli economy, and leading international legal guides named him “a super lawyer” and “the best lawyer in Israel”. In 2019 he received a Lifetime Achievement Award from the Chambers Global guide.

Mr. Rubin sets himself apart from other legal practitioners, who specialize in one specific field, with his unique interdisciplinary approach: He is regarded as a reputable expert in the numerous fields in which he regularly practices, especially in the areas of corporate law, tax, mergers and acquisitions, banking and finance, trusts and estates, litigation and dispute resolution, white collar crime, class actions and derivative suits. In addition, Mr. Rubin lectures on a variety of legal topics at Israel’s finest academic institutions.

Acting across a broad range of legal practices, Mr. Rubin is extensively involved in Israel’s most significant transactions and legal disputes.

Mr. Rubin has the utmost respect for his clients’ privacy and therefore clients remain anonymous in notable representations that include:

  • Assisting Israel’s largest commercial groups and banks in their tax issues and tax disputes;
  • Involvement in tax matters on behalf of leading international telecommunications companies, financial service providers, and banking institutions in Israel;
  • Representation and counsel to foreign trusts and their beneficiaries regarding trust laws and related tax matters;
  • Representation of affluent Israeli families in their legal matters, as well as legal and tax advice to high net worth individuals who qualify for a tax holiday upon their immigration to Israel;
  • Mergers, acquisitions and re-organizations of leading Israeli companies, including Israel’s largest energy companies;
  • Structuring a three-way merger of three publicly-traded Israeli insurance companies;
  • Structuring a merger between Israel’s two largest food manufacturers;
  • Acting on behalf of Israel’s largest banks in mergers and acquisitions;
  • Representation of Israel’s largest bank, in its share offering by prospectus (“GDR”) to accredited foreign investors;
  • Representation of Israel’s largest companies in IPOs on the Tel-Aviv Stock Exchange;
  • Representation of high profile corporate leaders in defense of white collar crimes;
  • Litigation in class actions and derivative suits on behalf of leading industrial and commercial companies in the Israeli economy, such as banks, insurance companies and the Tel Aviv Stock Exchange;
  • Acting on behalf of US and Israeli investors in the acquisition of a controlling interest in Israel’s largest bank;
  • Ongoing representation of Israel’s largest banks in their various corporate and tax issues;
  • Advising and litigating on behalf of Israel’s leading insurance companies on various corporate, tax and commercial matters;
  • Advising Israel’s largest business groups with regard to the recommendations of the Committee on Increasing Competitiveness in the Economy (the “Concentration Committee”);
  • Representation of the CEO of a leading international public company, traded both in the US and Israel, in an appeal to the Israeli Supreme Court regarding an alleged criminal tax violation, in which the decision of the district court was overturned;
  • Representation of Israel’s Ministry of Finance and three former finance ministers in the governmental investigation committee regarding the collapse of bank securities on the Tel Aviv Stock Exchange;
  • Representation of a significant private shareholder in the sale of his interest in one of Israel’s largest insurance companies;
  • Serving as the liquidator of a large international insurance company, including devising a liquidation plan and negotiating an arrangement with international creditors;
  • Representation of Israel’s leading gas companies before the Committee to Examine the Fiscal Policy on Oil and Gas Resources in Israel (the “Sheshinski Committee”);
  • Representation of one of Israel’s leading commercial families in their personal and commercial affairs, including their purchase of significant interests in banking and insurance companies.
  • Representation of the Israeli Ambassador to a significant foreign country, formerly the president of one of Israel’s leading universities, in certain settlements with the authorities and his defense before the High Court of Justice in his appeal on the preclusion of his appointment as Israel’s ambassador.
  • Representation of a controlling shareholder in a public company suspected of committing several inside trading offenses, in which he was acquitted of all charges.

Languages

Hebrew and English.

Member

1973, Israel Bar Association; Member of the National Advisory Committee on Reform of the Israeli Court System that was established by the Minister of Justice and the Chief Justice of the Israeli Supreme Court; Chairman of the Israel Bar Association's Taxation Committee (1985-1999); Member of the National Committee on Reform of Taxation, a committee appointed by the Minister of Finance, and that applied principles of international taxation on the Israeli taxation system (known as the "Rabinovitz Committee") (2002)

Education

LL.B., Tel Aviv University (1972)


Israel

Dispute resolution: class actions

Within: Leading individuals

Pinhas Rubin - Gornitzky & Co.

Within: Dispute resolution: class actions

Gornitzky & Co. is especially noted for handling class actions in the insurance sector and is rated for its ability to 'clearly and thoroughly explain the process and case strategy to its clients'. The litigation team has particular expertise in insurance products and charging practices. Pinhas Rubin and Harel Shaham is representing Menora Mivtachim, Migdal Insurance, Harel Insurance and Clal Insurance in over a dozen claims concerning various pension funds and employee insurance; in particular, the team is acting for the companies in a class action concerning its collection of direct expenses from insured members. Additionally, Shaham and Ofer Tzur are representing an international real estate company in a class action alleging that the consideration paid to shareholders of the company in a tender offer was below market value, and Noam Ronen is involved in consumer class actions for clients including Dan Company for Public Transportation.

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Dispute resolution: local litigation and arbitration

Within: Leading individuals

Pinhas Rubin - Gornitzky & Co.

Within: Dispute resolution: local litigation and arbitration

Gornitzky & Co. handles high-stakes litigation for many of Israel's largest corporates. Of particular note, the team has recently been instructed by international contractors and bidders in relation to multiple complex tender related claims. In one matter, Ofer Tzur is representing a Chinese joint venture contractor in an administrative procedure initiated by a losing bidder for services on Tel Aviv's Red Line light train. Tzur is also defending Attenti Electronic Monitoring in a claim concerning a systematic litigation strategy with respect to worldwide tenders, which the plaintiff alleges amounts to unjust competitive practices. Pinhas Rubin is acting for Shikun & Binui in relation to an investigation by the Israeli Unit of Fraud Investigation regarding suspicions of illegal payments made to foreign officials. Rubin and Yaron Elhawi have also represented Bank Hapoalim in a number of high-value derivative claims, including two separate claims initiated with respect to credit the bank provided to companies controlled by Eliezer Fishman and Nochi Danker, two Israeli businessmen who have been the subjects of highly publicised bankruptcies. The department has also been representing one of the two main parties in a notoriously acrimonious partnership dispute.

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Restructuring and insolvency

Within: Leading individuals

Pinhas Rubin - Gornitzky & Co.

Within: Restructuring and insolvency

The lawyers at Gornitzky & Co. are regularly appointed as officials in some of Israel's most significant insolvency cases. Of particular note, Pinhas Rubin was recently appointed as one of three special administrators for Eurocom Communications, which has amounted debts of over NIS1bn. Moreover, prior to Eurocom's court mandated liquidation, a team including Yaron Elhawi and Eli Elya represented Bank Hapoalim in negotiations with Eurocom and its other creditors in an attempt to restructure the company's debts. The department also advises Bank Hapoalim on various proceedings arising out of the bankruptcy of Eliezer Fishman. Additionally, Rubin and Elhawi are representing the liquidators of Agrexco Agricultural Export in a claim against the State of Israel alleging that the actions of the State caused the company's debt and subsequent collapse. The team has also been engaged by clients such as First International Bank of Israel to advise on issues associated with the newly passed Law of Insolvency and Economic Rehabilitation, which will be implemented in 2019.

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Tax

Within: Leading individuals

Pinhas Rubin - Gornitzky & Co.

Within: Tax

Gornitzky & Co. provides individual and corporate tax structuring, regulatory advice and transactional support, and is involved in many of the country's most prominent tax disputes. In particular, the Israeli Tax Authority (ITA) has become increasingly interested in chasing large foreign companies for tax liabilities in Israel and, as a result, the team advises major multinationals on ITA tax assessments spurred by certain actions by the OECD. Daniel Paserman and Pinhas Rubin represented Flying Cargo in connection with a claim by the ITA concerning the legal treatment of 'goodwill' within a transaction for accounting and taxation purposes; at the time of writing, this matter is pending a Supreme Court appeal. Paserman is also acting for an international energy group in litigation regarding issues of distributable profits. The department continues to grow in terms of personnel and breadth of service, having recently established a sub-group focused on high-net-worth individuals. Gil Grady and Shlomo Aviad Zider are additional contacts in the department.

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Legal Developments by:
Gornitzky & Co.

  • Taking a foreign company public in Israel has its unique challenges

    Any Initial Public Offering (IPO) can be challenging. In order to be successful, the IPO process requires organization, leadership, teamwork among the various players (the company, lawyers, accountants, underwriters etc.), hard work and creative thinking. When it comes to an IPO in Israel by a non-Israeli company, the importance of all of the above becomes acute. Understanding the unique challenges of floating a non-Israeli company in Israel can help ensure a more efficient process.
    - Gornitzky & Co

Legal Developments in Israel

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
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