Mandated by distressed corporations, creditors, shareholders, financial institutions, and private equity sponsors, Gornitzky & Co. has ‘deep knowledge of insolvency laws’. Yaron Elhawi acts in high-stakes insolvency cases; and Karen Reichbach-Segal is an insolvency, liquidation, receivership, and bankruptcy expert. The department also showcases Kfir Yadgar, whose track record includes heavyweight restructurings and insolvency proceedings; Amnon Biss, who is ’effective in multi-jurisdictional proceedings’; and Guy Ido, a specialist in receiverships, debt arrangements, company recoveries, and financial rehabilitation. Pinhas Rubin is the highly-regarded firm chair, while Amit Perets also acts in insolvency cases.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
- Gornitzky’s restructuring and insolvency team combines exceptional legal skill with strong commercial insight. The group handles complex, multi-party situations with confidence, creativity, and precision. Its collaborative culture, hands-on partner involvement, and pragmatic approach set it apart from competitors. The team is known for clear strategic thinking, efficient execution, and genuine client focus.
- I’ve had the pleasure of working with several exceptional lawyers at Gornitzky, most notably Noa Even Sapir (Partner). She combines outstanding legal knowledge with real strategic vision and an impressive ability to remain calm and solutions-focused even in high-pressure situations.
- ‘Very professional and dedicated team. Gornitzky & Co.'s restructuring and insolvency practice, particularly the debt restructuring department, demonstrates exceptional professional standards through their comprehensive approach to complex financial matters.’
- ‘What distinguishes this practice is their thoroughness in analysing each situation and their strong communication skills throughout the process. The team's ability to maintain clear, consistent dialogue while navigating intricate restructuring challenges creates a collaborative environment that supports effective decision making and builds client confidence in complex proceedings.’
- ‘They stand out for their professional competence and client-focused approach. Their attentive listening skills and thorough analysis of complex situations demonstrate both technical expertise and genuine commitment to understanding clients’ objectives.’
Key clients
- Brown Hotels
- Former officers of the Better Place Group - Idan Ofer, Amir Elstein, and Eran Sarig
- ALTEREGO LTD
- Secured Bondholders of Sapir Corp Ltd.
- Secured creditors of Spacecom
- Landa Corporation Ltd
- Slice Gemel LTD
- Liquidators of Agrexco Agricultural Export Co. Ltd.
- Scintilla Fund LP
- Danieli Environment Inc.
- Migdalor – Investment Fund in Business Limited Partnership
- PANGEA NGU LTD
- Israel Discount Bank
- Kalit Sitbon
- Sivak
- The Marine Education Company in Israel (Marine Schools)
- Francisco Partners Management
- Pi Glilot Oil Terminals and Pipelines Ltd
Work highlights
Represented Brown Hotels Group in an insolvency and restructuring process, resulting in the acquisition of most of the Group’s operations by Canada Israel Group for over NIS 150 million.
Representing the secured bondholders of Spacecom, a global satellite operator, in a complex debt restructuring, involving a USD 276 million plan and 19% equity allocation.
Representng Altana AG, Susanne Klatten Beteiligungs GmbH, and Skion Digital Printing GmbH (German investors with over NIS 1.3 billion invested in Landa Corporation) in large tech insolvency and restructuring proceedings.
Lawyers
Hall of Fame
The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Practice head
Yaron Elhawi; Karen Reichbach-Segal
Other key lawyers
Yaron Elhawi; Karen Reichbach-Segal; Kfir Yadgar; Amnon Biss; Guy Ido; Pinhas Rubin; Amit Perets; Noa Bodner Even Sapir; Maya Ben Meir