Firm Profile > Gornitzky & Co. > Tel Aviv, Israel
Gornitzky & Co. Offices
45 ROTHSCHILD BLVD
TEL AVIV 6578403
Gornitzky & Co. > The Legal 500 Rankings
Banking and finance Tier 1
Gornitzky & Co. is engaged by domestic and international lenders in a range of financing mandates, and has particular strengths in cross-border acquisition finance and factoring transactions. Department head Eli Elya acted for Bank Hapoalim and several Israeli institutional lenders, including Meitav Dash, in relation to a transaction with Israel Land Development and Seven Stars Mall to refinance an existing syndicated loan. Additionally, the team provides advice to Phoenix Insurance Company in relation to multiple cross-border finance mandates, including its role in a syndicate led by five international banks for the provision of $1.5bn to finance a real estate project in Manhattan. The firm also has a number of fund relationships, which complement its strong banking practice. In another cross-border highlight, Dubi Gross advised Apollo on the provision of financing for SK Capital's acquisition of Perrigo API from Perrigo. Elite Elkon provides extensive regulatory support to several of Israel's largest banks and also has an active cross-border finance practice.
Capital markets Tier 1
Gornitzky & Co. has an active domestic capital markets practice, and has particular experience in acting for issuers and underwriters in relation to US offerings by Israeli companies, especially those in the life sciences sector. Having advised the underwriters on UroGen Pharma's Nasdaq IPO in 2017, Chaim Friedland and Ari Fried have since handled similar mandates, including recently acting for Jefferies and BMO Capital Markets in relation to Sol-Gel Technologies' $86m IPO on the Nasdaq Global Market. Friedland and Fried also assisted International Flavors & Fragrances with an equity listing on the TASE in connection with its $7bn acquisition of Frutarom Industries. Further, Yair Shiloni served as co-counsel to Fattal Holdings in relation to its IPO on the TASE, while Itay Geffen advised Shefa Yamim on its IPO on the LSE. In the debt space, the team, which includes Sharon Werker-Sagy, has handled various debt offerings for clients such as Strauss Group and Menora Mivtachim Capital Raising.
Gornitzky & Co. has 'a solid corporate practice, with particular strengths in acting for domestic Israeli companies', though the firm is also regularly instructed by major multinational acquirers. Key contacts in the team include Elite Elkon, who is 'excellent in dealing with financially regulated companies', and department head Chaim Friedland, who has a strong reputation among international clients. In particular, Friedland was involved in the largest Israeli M&A of 2018, where he advised International Flavors & Fragrances on its $7.1bn reverse triangular merger with TASE-listed Frutarom. Additionally, Elkon advised private equity fund Warburg Pincus on its acquisition of Leumi Card, and acted for Delek Group in relation to its attempted sale of a controlling stake in The Phoenix Holdings to Sirius International Insurance Group. Acting together, Friedland and Elkon advised a prominent investment manager on the bid process for the acquisition of an Israeli technology company. Other significant clients include Apax Partners (Israel) and Altria Group.
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.
Gornitzky & Co. is 'an excellent Israeli law firm with good international connections' and 'experience going up against some of the world's top-tier firms'. The team is particularly active in LCIA and ICC arbitrations involving disputes in the construction and infrastructure sectors. A key figure in the practice group is Eli Cohen, who is representing the owner of an Israeli power plant in UNCITRAL proceedings concerning a dispute with the EPC contractor. Additionally, Cohen and recently promoted partner Nir Keidar enjoyed recent success in a high-value ICC arbitration where the team acted as lead counsel in a dispute involving the construction of the largest private power plant in Israel. The litigation department is headed by Ofer Tzur, who specialises in international litigation and mediation. Associate Nuna Lerner joined the firm in 2018, having previously worked in the dispute resolution team at Herbert Smith Freehills LLP's London office.
Energy and infrastructure Tier 1
The team at Gornitzky & Co. is 'responsive, professional and very business oriented', and with strengths in finance, litigation and project development, 'the group's ability to provide a comprehensive legal service is a great plus'. A key contact in the team is Jack Smith, who advises clients including Israel Chemicals and OPC Rotem on the execution of long-term gas sale and purchase agreements with Energean Israel. Smith is also assisting IPM Beer Tuvia and Reindeer Energy with the development of power plants in various stages. Also recommended are Itay Geffen and Ronit Rosenstein-Barel, who are acting for Zero Waste, an SPC held by Shikun & Binui and a subsidiary of Azrieli Group, in relation to the development of a municipal solid waste treatment facility Rishon Le Zion. Geffen also advised Shikun & Binui - Renewable Energy on the financial closing of six high-voltage photovoltaic power plants in the south of Israel. In addition, the team has experience in transport infrastructure and is advising a consortium comprising Alstom Transport, Dan Public Transportation Company and Electra Concession on the pre-qualification process in a PPP tender for the design, finance, construction, operation and maintenance of the Green Line in Jerusalem.
Real estate and construction Tier 1
Gornitzky & Co. is engaged by a number of prominent Israeli real estate investors and developers, but the team is particularly standout for its expertise in the retail and hospitality sectors. The department counts among its clients Israel's largest hotel chain, Fattal Group, and Melisron, which is the country's largest shopping centre group. The department is jointly led by Eyal Marom and Shlomo Cohen, who advised Commercial Centers, of the Melisron Group, on the NIS178m sale to Sela Capital Real Estate Fund of its rights in a commercial centre in Rishon Letzion. Cohen also assisted Melisron with a 49-year lease agreement for a plot at the prestigious Sarona area in Tel Aviv. Also of note, Marom assisted Vitania with the establishment of a joint venture with Delek Group for the development of a commercial and residential space in Tel Aviv, which will total 150,000 sqm. Additionally, the team advises all of Israel's largest banks on real estate and construction finance mandates, which recently included advising Bank Hapoalim and Mizrahi-Tefahot Bank on a credit agreement for the development of the TLV Fashion Mall in Tel Aviv.
Restructuring and insolvency Tier 1
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.
Tax Tier 1
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.
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.
Telecoms and media Tier 2
Gornitzky & Co. provides the full range of service to major Israeli telecoms providers and media companies, and has acted in relation to some of the market's most significant disputes, commercial transactions and regulatory initiatives. Headed by managing partner Lior Porat, the department handles litigation and certain regulatory issues for Bezeq, and also advises yes on a host of regulatory and commercial issues such as broadcasting licenses and consumer prices and issues arising from potential amendments to the country's Telecommunications Act 1982. Moreover, Porat has advised yes on its engagements with various international content providers such as Netflix and HBO. The team is also involved in commercial litigation in the telecoms industry and has experience in M&A in the media sector; recently it acted as Israeli counsel to Comcast Corporation in relation to its bid for the acquisition of 21st Century Fox's assets. Additional clients include Bloomberg and New York Times.
Competition/antitrust Tier 3
The antitrust team at Gornitzky & Co. is involved in regulatory procedures and antitrust litigation for major domestic corporates, and has assisted energy companies and bank lenders with operational issues arising from industry-specific antitrust regulations. In one example, Avner Finkelshtein represented Paz Oil Company in a regulatory hearing concerning an IAA report detailing competition in the marketing segment of Israel's petrol industry. Finkelshtein has also acted for ICL, Bazan and OPC in relation to restrictive arrangement exemption requests regarding gas supply agreements with Energian Israel. The team also represents clients such as Materna Industries and Osem in class actions regarding excessive pricing.
Employment Tier 3
The team at Gornitzky & Co. advises domestic and international employers on HR management, general employment litigation and remuneration, and also assists with the recruitment of company officers. The labour department is led by Michael Ayalon, who provides ongoing employment law advice to clients such as Melisron and Fattal Hotels. Ayalon also has experience acting for high-ranking individual employees, including, recently, the CEO of Teva, in negotiations regarding terms of employment. Marriott International and Siemens Healthcare are among the department's international clients.
Hi-tech and start-ups Tier 3
Gornitzky & Co. fields 'a very experienced hi-tech team', which has strengths across the gamut of corporate and securities transactions, international taxation, commercial agreements, finance, and tech sector regulation. The department is jointly headed by Daniel Marcus and Shlomo Landress, the latter of whom is singled out for his 'pleasant client-friendly demeanour' and 'ability to provide creative business-oriented solutions to get deals closed'. Landress is acting for an Israeli growth company in relation to its planned offering on a foreign exchange, while Marcus advised an early-stage company in the field of AI on a seed financing round, having also assisted the company with the process of incorporation. Also recommended is Oded Uni, who provides ongoing advice to a fintech accelerator. In addition, Uni has acted for a medical supply company in a number of cross-border deals, including an asset acquisition involving assets based in Canada, the US and France.
Transport Tier 3
Gornitzky & Co. provides a host of commercial and regulatory advice to clients in the public transportation sector. In particular, the team advises Dan Public Transportation Company on all of its day-to-day operational matters, including public tenders, regulatory concerns, and commercial contracts and joint ventures. Additionally, the team advises Pandan Advanced Transportation on the execution of long-term service agreements, the importation of buses and other commercial agreements. Key figures in the team include Kfir Yadgar and Yiftah Farber.
Gornitzky & Co. > Firm Profile
The firm: Founded in 1938, Gornitzky & Co. has been involved in many of the largest and most complex transactions to transpire in Israel and has played a key role in the development of Israel’s economy and legal practice.
The firm is well-known for its reputation and extensive experience in all legal fields. The unique, multi-disciplinary approach that characterises Gornitzky & Co. enables the firm to provide its clients with the full gamut of legal services, serving as a legal ‘premium one-stop-shop’ for all of their business activities. The firm provides its clients with service of the highest quality, integrated with legal creativity and originality, allowing the firm to successfully cope with complex business and legal challenges.
The firm and its partners are consistently recognised as leaders and are recommended in various commercial areas of law by leading legal directories and publications, such as The Legal 500, Chambers Global, IFLR 1000 and others.
The firm’s clientele includes a significant number of Israel’s key players, including governmental entities and Israel’s leading business groups and multinational corporations, operating in Israel and abroad. The firm provides legal services to the majority of Israel’s 18 most influential businesses and advises seven out of Israel’s top ten billionaires, according to Forbes magazine.
Gornitzky & Co.’s legal staff numbers more than 162 attorneys and 30 legal trainees, and includes some of the most highly regarded commercial attorneys in Israel. The firm’s attorneys possess extensive experience in a broad range of practice areas, due in part to their involvement in some of the largest and most complex projects undertaken in Israel in recent years. Some of the firm’s lawyers are licensed to practise law in other jurisdictions, while others are certified public accountants or have additional degrees (eg, in accounting and economics).
Values of community action and social involvement are the cornerstones of Gornitzky & Co.’s organisational culture and manifest themselves in various activities, including pro bono representation, volunteer work and donations to social organisations. As part of its corporate social responsibility policy, the firm invests a great deal in its employees’ well-being, leisure activities and special events. Gornitzky & Co. is considered one of the most sought-after workplaces in the Israeli legal world.
As an integral part of its legal practice, the firm’s goal is to foster an internal culture that emphasises values, comradery and friendship. Each member of the firm’s legal team has signed the ‘Gornitzky Code’, which expresses the norms and values based on which the legal service is provided, and by virtue of which the social environment at Gornitzky & Co. is shaped.
Areas of practice: The firm’s practice areas include: administrative law; antitrust and competition; banking and finance; capital markets and securities; class actions and derivative suits; clean-tech; commercial; corporate; cybersecurity; fintech; energy and natural resources; environment; hi-tech; hotels, travel and leisure; infrastructure and project finance; litigation and dispute resolution; mergers and acquisitions; non-profit organisations; private equity and venture capital; public international law; real estate and construction; restructuring and insolvency; tax; telecoms and media; trusts, estates, and private wealth management; white-collar crime and more.
For further information, please visit www.gornitzky.com.
|Banking and finance||Pinhas Rubin|
|Banking and finance||Eli Elya|
|Capital markets and securities||Chaim Friedland|
|Capital markets and securities||Sharon Werker-Sagy|
|Infrastructure and project finance||Jack Smith|
|Infrastructure and project finance||Itay Geffen|
|Private equity and investment funds||Chaim Friedland|
|Private equity and investment funds||Ari Fried|
|Real estate, construction and hotels||Eyal Marom|
|Real estate, construction and hotels||Shlomo Cohen|
|Restructuring and insolvency||Pinhas Rubin|
|Restructuring and insolvency||Ofer Tzur|
|Restructuring and insolvency||Yaron Elhawi|
|Dispute resolution||Pinhas Rubin|
|Dispute resolution||Ofer Tzur|
|Financial technology (fintech)||Elite Elkon|
|Financial technology (fintech)||Shlomo Landress|
|Hitech and technology||Eyal Raz|
|Hitech and technology||Daniel Marcus|
|Hitech and technology||Shlomo Landress|
|Energy and natural resources||Jack Smith|
|Energy and natural resources||Itay Geffen|
|Telecoms and media||Lior Porat|
|Estates, trusts and private clients||Pinhas Rubin|
|Estates, trusts and private clients||Daniel Paserman|
|Estates, trusts and private clients||Aviram Handel|
|White-collar crime||Pinhas Rubin|
|White-collar crime||Erez Harel|
|Adv Tom Alkalay||View Profile|
|Adv Sagit Amit Evan||View Profile|
|Adv Shlomo Aviad Zider||View Profile|
|Adv Asaf Avtuvi||View Profile|
|Adv Michael Ayalon||View Profile|
|Adv Idan Baki||View Profile|
|Adv Inbar Barak-Bilu||View Profile|
|Adv Lior Baran||View Profile|
|Adv Daniel Barlev||View Profile|
|Adv Timor Belan||View Profile|
|Adv Moran Ben Moshe Sabato||View Profile|
|Adv Itamar Ben Yehuda||View Profile|
|Adv Adi Ben-Hur Efroni||View Profile|
|Adv Zeev Bienenstock||View Profile|
|Adv Amnon Biss||View Profile|
|Adv Yoad Cohavy||View Profile|
|Adv Shlomo Cohen||View Profile|
|Adv Eli Cohen||View Profile|
|Adv Tamar Cohen||View Profile|
|Adv Lee Cohen||View Profile|
|Adv Natalie Dragot||View Profile|
|Adv Maya Dvir||View Profile|
|Adv Yaron Elhawi||View Profile|
|Adv Elite Elkon||View Profile|
|Adv Eli Elya||View Profile|
|Adv Noa Even Sapir||View Profile|
|Adv Yiftah Farber||View Profile|
|Adv Avner Finkelshtein||View Profile|
|Adv Ofer Fleischer||View Profile|
|Adv Ari Fried||View Profile|
|Adv Chaim Friedland||View Profile|
|Adv Shirin Gabbay-Metzger||View Profile|
|Adv Itay Geffen||View Profile|
|Adv Liron Gilor||View Profile|
|Adv Yaad Gordon||View Profile|
|Adv Gil Grady||View Profile|
|Adv Lior Grinblat||View Profile|
|Adv Dubi Gross||View Profile|
|Adv Aviram Handel||View Profile|
|Adv Erez Harel||View Profile|
|Adv Assaf Harel||View Profile|
|Adv Noga Haruvi||View Profile|
|Adv Uri Heller||View Profile|
|Adv Maya Hoftman||View Profile|
|Adv Itai Itzkovich||View Profile|
|Adv Ehud Katzenelson||View Profile|
|Adv Nir Keidar||View Profile|
|Adv Yael Kleinman||View Profile|
|Adv Nir Knoll||View Profile|
|Adv Avigail Labaton||View Profile|
|Adv Shlomo Landress||View Profile|
|Adv Daniel Lasry||View Profile|
|Adv Itzchak Lazar||View Profile|
|Adv Gaelle Lemelson||View Profile|
|Adv Elona Lerner||View Profile|
|Adv Amit Levy||View Profile|
|Adv Daniel Marcus||View Profile|
|Adv Eyal Marom||View Profile|
|Adv Moriel Matalon||View Profile|
|Adv Avi Meer||View Profile|
|Adv Shani Mizrahi||View Profile|
|Adv Shimrit Moshe||View Profile|
|Adv Sarit Naaman Shaag||View Profile|
|Adv Adi Nahmias Twina||View Profile|
|Adv Sagit Ohana-Livne||View Profile|
|Adv Reut Oshaya||View Profile|
|Adv Shahar Oshri||View Profile|
|Adv Sagi Padureanu||View Profile|
|Adv Daniel Paserman||View Profile|
|Adv Neta Peled||View Profile|
|Adv Hagar Peleg||View Profile|
|Adv Avi Pelossof||View Profile|
|Adv Shira Plotnik||View Profile|
|Adv Gila Ponte-Shlush||View Profile|
|Adv Lior Porat||View Profile|
|Adv Marina Portugalov||View Profile|
|Adv Yehonatan Prussak||View Profile|
|Adv Assaf Prussak||View Profile|
|Adv Adi Haya Raban||View Profile|
|Adv Yehonatan Raff||View Profile|
|Adv Inbal Ravid-Badner||View Profile|
|Adv Eyal Raz||View Profile|
|Adv Lior Relevy||View Profile|
|Adv Smadar Ron||View Profile|
|Adv Noam Ronen||View Profile|
|Adv Dr Ziv Rotenberg||View Profile|
|Adv Ronit Rozenstein-Barel||View Profile|
|Adv Itay Rubin||View Profile|
|Adv Pinhas Rubin||View Profile|
|Adv Maya Sabari||View Profile|
|Adv Nimrod Saville||View Profile|
|Adv Noa Schweitzer||View Profile|
|Adv Tal Sela||View Profile|
|Adv Harel Shaham||View Profile|
|Adv Shiri Shani||View Profile|
|Adv Yair Shiloni||View Profile|
|Adv Hila Shimon||View Profile|
|Adv Dafna Sidkiyahu||View Profile|
|Adv Daniel Skald||View Profile|
|Adv Jack Smith||View Profile|
|Adv Zvi Sohar||View Profile|
|Adv Dana Suidman||View Profile|
|Adv Orly Tenennbaum||View Profile|
|Adv Nurit Traurik||View Profile|
|Adv Ofer Tzur||View Profile|
|Adv Oded Uni||View Profile|
|Adv Elinor Vardi||View Profile|
|Adv Shani Weiss||View Profile|
|Adv Sharon Werker-Sagy||View Profile|
|Adv Kfir Yadgar||View Profile|
|Adv Joanna Yanowsky||View Profile|
|Adv Ori Yitzhak||View Profile|
|Adv Inbal Zakai-Horev||View Profile|
|Adv Ariel Zeewi||View Profile|
|Adv Sharon Zeitouni||View Profile|
Staff FiguresNumber of lawyers : 220 (59 partners)
LanguagesAfrikaans Arabic English Farsi French German Hebrew Italian Portuguese Russian Spanish
OtherContacts : Pinhas Rubin (chairman) Contacts : Moriel Matalon (chairman of the executive committee) Contacts : Lior Porat (managing partner) Contacts : Kfir Yagdar (managing partner) Other offices : Herzliya Pituach
Giving Back To the Society
Gornitzky & Co. has been named one of Israels leading Pro-Bono firms by the Israel Bar Association and Dun & Bradstreet.
As a firm, we provide pro bono legal counsel to a long list of non-profit organizations; members of our team dedicate hundreds of hours every month to pro bono work for clients who are unable to pay for legal services.
Gornitzky incorporates social responsibility activities via the many voluntary and fundraising programs initiated by members of our team, which include: food drives and aiding Holocaust survivors, assisting the elderly, and providing gift certificates to IDF soldiers from financially challenged backgrounds. Last but not least, we give back as a firm and as individuals, in monetary donations to various organizations.
Sustainability is at the core of our corporate responsibility strategy.
Gornitzky & Co. is committed to reducing its environmental impact through our decision-making and operational processes, helping to shape the future that provides economic, ecological and social benefits for all. We seek to maximize efficiency and minimize consumption, including energy conservation, paper usage and waste reduction and we ensure that environmental considerations weigh into our purchasing policy.
Diversity at the Core
We believe that a diverse workforce is essential to maintaining our competitive advantage, by expanding and developing the pool of talent from which we draw. Gornitzky & Co. is committed to providing equal employment opportunities and a workplace, which fosters development and where all are treated with dignity and respect.
Our growth and success depends not only on the ability to attract the best workforce, but also to encourage and retain those employees. Therefore, as part of our CSR policy, we invest a great deal in our employees well-being, leisure activities and special events.
Gornitzky & Co. has been repeatedly named one of the most sought-after law firms in Israel.
Top Tier Firm Rankings
- Banking and finance
- Capital markets
- Commercial, corporate and M&A
- Dispute resolution: class actions
- Dispute resolution: mediation and international arbitration
- Energy and infrastructure
- Real estate and construction
- Restructuring and insolvency