The ‘creative, smart and communicative team’ at Gornitzky & Co. acts for distressed corporations, creditors, shareholders, financial institutions and private equity sponsors on a broad range of mandates, from debt and capital restructurings, corporate finance restructurings and structured receiverships to insolvency cases, where the team is often appointed as liquidators, receivers or trustees. Yaron Elhawi, who is noted for his expertise in insolvency matters, in addition to bankruptcy, debt arrangements and corporate restructuring cases, jointly leads the practice alongside Karen Reichbach-Segal, who is a ’hands-on and highly capable lawyer with years of experience’ as a trustee in stay of proceedings and compositions with creditors, in addition to acting as the receiver and liquidator of companies. Amnon Biss, who represents creditors in distressed companies, debtor companies and their executive management in insolvency mandates, is another key contact in the group, alongside Pinhas Rubin and Ofer Tzur.
Legal 500 Editorial commentary
- Profile
Testimonials
Collated independently by Legal 500 research team.
‘A creative, smart and communicative team, led by the outstanding Karen Reichbach-Segal, who is my first recommendation in insolvency cases.’
‘Karen Reichbach-Segal is a hands-on and highly capable lawyer with years of experience.’
'A very good insolvency practice.'
‘Karen Reichbach-Segal and Guy Ido are both knowledgeable and practical.’
'The team is efficient and collaboration within the firm is done seamlessly.'
'Yaron Elhawi and Amnon Biss are talented.'
'Maya Ben Meir is very professional, trustworthy and practical. It is apparent that she acts in the client’s best interest. She manages the process well and conveys her professional advice to the client without hesitance, resulting in a good decision making process.'
'Professional and efficient.'
Key clients
- Israel Discount Bank in the insolvency proceedings of the Hanan Mor Group
- Former officers of the Better Place Group - Idan Ofer, Amir Elstein, and Eran Sarig
- Secured bondholders of All Year Holdings Limited
- Bank Hapoalim Ltd. in the insolvency of Mr. Eliezer Fishman and companies under his control
- Secured creditors of Spacecom (TASE: SCC)
- Liquidators of Agrexco Agricultural Export Co. Ltd.
- Oil Fields Exploration (1992) - Limited Partnership (OFE)
- The PHOENIX Value P2P Limited Partnership
- Danieli Environment Inc.
- PANGEA NGU Ltd.
Work highlights
- Acted for Israel Discount Bank, the largest creditor of Hanan Mor Group Ltd., who faced significant challenges due to the Group's financial difficulties and debts amounting to approximately 2.7 billion NIS.
- Represented the secured creditors of Spacecom, a leading satellite service provider, in complex debt restructuring negotiations due to financial instability highlighted by an "ongoing concern" note.
- Represented the secured bondholders of All Year Holdings in a complex cross-border insolvency case involving debts of 2.4 billion NIS.
Lawyers
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
Amnon Biss; Pinhas Rubin; Ofer Tzur; Kfir Yadgar; Guy Ido; Maya Ben Meir