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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
Gornitzky & Co., Adv Gil Grady, Tel Aviv, ISRAEL

Lawyer rankings

Adv Gil Grady

Tel:
Work +972 3 7109191
Email:
Gornitzky & Co.

Work Department

Tax; Corporate; Commercial; Mergers & Acquisitions; Capital Markets & Securities; Trusts, Estates & Private Wealth Management; Litigation & Dispute Resolution

Position

Partner.

Career

Mr. Grady began his legal career at Gornitzky & Co. as a legal intern and has been an associate with the firm since 2005. In 2008, he was made partner. Prior to joining Gornitzky & Co., Mr. Grady was a manager in the tax department of Somekh Chaikin, the Israeli member firm of KPMG International in Israel. Gil's practice is focused mainly on corporate tax and he advises the firm's clients on a wide range of taxation matters. He has vast experience in representing clients in all tax matters, including real estate taxation, VAT and sales tax, and in writing tax opinions in these areas. In recent years, Gil has been representing clients regarding domestic and cross border restructurings, tax-related litigation cases and tax planning of M&A's, financing, reorganizations and real estate transactions. Additionally, Gil advises different commercial groups regarding the tax implications of securities transactions, dividends and their ongoing business activity, and he represents clients before Israeli courts with regard to white collar tax offences. Gil represented clients in numerous taxation matters, including: - Representation of a company in the sale of 25% of its subsidiary, for approximately USD 293 million. - Representation of two clients, affiliates of one of Israel's largest business groups, in two structured finance transactions, each comprised of an “over-the-counter” derivative, collar option and corresponding stock borrow of shares traded on the Tel Aviv Stock Exchange. - Representation of one of Israel's largest public transportation entities, with respect to its transformation and restructuring. - Representation of a company in restructuring the holdings of shares in a subsidiary.

Languages

Hebrew and English.

Member

2005, Israel Bar Association; 1994, CPA, Accounting Board, Ministry of Justice; Member of the Institute of Certified Public Accountants in Israel forum examining various taxation issues (2007-present)

Education

LL.B., magna cum laude, Tel Aviv University (2005); B.B. (Bachelor of Business - Accounting), cum laude, College of Management (1992).


Israel

Tax

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

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  • Perhaps the QuadragaCX Story Will Have a Happy Ending

    While there are the aficionados who will say that cryptocurrencies will free us of the chains of the global financial institutions, on the occasions when the world of cryptocurrencies intersects with the world in which most of us live, the news is generally bleak. While you may not know one side of a Bitcoin from the other, you probably know that its value has crashed over the last 13 months, you may even have heard about some of some of the larger cryptohacks (that is computer heists through which digital currencies belonging to investors are stolen from crypto trading exchanges). And over the last week or so, you may have read on mainstream news sites about the death of Gerald Cotton the CEO of Canada’s largest cryptoexchange QuadragaCX. The death of the CEO of a company that few had previously heard of, was news of course, because in his passing he had taken the passwords to the accounts of his customers with him. The result of this being that about $140 million of their money was stuck somewhere between this world and the celestial ether in which Mr. Cotton now resides. Of course, it wasn’t quite told like that. We were fed terms such as “private keys,” lack of “multi-signature protection,” “cold storage wallets” and more readily understandable – “cryptofraud”. Again!
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  • Crash Course on Non-Disclosure Agreements

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  • Article in MEA Markets on GDPR & Israeli Law

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    Authored by Adv. Simon Weintraub, Adv. Shiri Shaham, Adv. Yuval Shalheveth of Israeli law firm, Yigal Arnon & Co.: