Banking & Finance
Global Guide 2024 : Israel
Band 1
Email address
[email protected]Contact number
+972 3 710 9191About
Provided by Gornitzky & Co
Banking 360◦
We provide a full range of banking and finance advice which includes transactional/consensual debt reschedulings and restructurings, contentious insolvency, employment law advice on particular regulated appointments of senior executives in banks, banking class actions and derivative actions, and regulatory advice.
In recent years, our bank finance team has seen an exponential increase in the number and size of lender-side mandates on which it has been called to advise the leading domestic and global players in our market, due to an increase in new clients. We are currently handling a large portion of the most complex lending activities of Israel’s largest bank. We also represent three out of Israel's five largest banks as well as all three control holders of the only large banks in Israel with controlling shareholders.
We have played a lead role for both lenders and borrowers in some of the highest profile loans in the Israeli market. Our banking and finance team represented both lenders and borrowers in over 45 cases and different regulatory issues, worth over NIS 7 billion (USD 2 billion). This includes some of Israel’s largest real estate financings, several 'firsts' for alternative lenders, advice to foreign lenders lending into Israel and an increasing amount of Israeli corporates borrowing abroad, primarily in Europe, and entering into complex instruments and credit products under English law.
Chambers Review
Gornitzky & Co operates a prominent banking and finance group which maintains excellent relationships with a number of Israel's top banks, insurance companies and pension funds and other international financial institutions. It regularly advises on high-value cross-border financing relating to the USA and other jurisdictions. The law firm is capable of handling significant, high-value mandates, and has broad financing knowledge, advising on syndicated and fixed-term loans and debt restructuring. It is additionally known for its active banking regulatory practice.
Work Highlights
- Gornitzky assisted ING Bank and a syndicate of lenders with a EUR2.37 billion refinancing and restructuring package provided to EdgeConneX.
Strengths
Provided by Chambers
"Gornitzky's team is hard-working and intelligent, with a deep understanding of financial products."
"Its lawyers are always very accessible and quick to respond."
"Gornitzky has longstanding experts in the field who see all types of transaction involving Israel."
"Gornitzky's team is hard-working and intelligent, with a deep understanding of financial products."
"Its lawyers are always very accessible and quick to respond."
"Gornitzky has longstanding experts in the field who see all types of transaction involving Israel."
Notable Practitioners
Pinhas Rubin is a longstanding lawyer with notable experience advising on regulatory matters, including on an international stage. He is very well versed in representing leading Israeli banks.
Head of banking and finance at Gornitzky, Eli Elya advises an impressive roster of clients, including domestic and international financial institutions. His practice encompasses both transactional and regulatory elements.
"Eli is flexible, creative, open-minded and good at adapting."
"Eli Elya is an excellent lawyer and a pleasure to work with as a counterparty."
Dubi Gross acts for clients such as banks, private equity sponsors and private credit funds. He is qualified both as an advocate in Israel and as a solicitor in England and Wales.
"Dubi Gross is a pre-eminent finance lawyer whose attention to detail, tireless client service and depth of expertise ranks him as one of the most impressive attorneys I have worked with in the Israeli market."
"Dubi was excellent to work with."
Elite Elkon is a well-regarded lawyer whose experience includes regulatory matters. Her recent work includes advising investment banks and non-bank financial services companies on transactions.
"Elite is very experienced, especially when it comes to M&A-related issues and regulatory matters. She's business-oriented and has a wide market perspective."
"Elite Elkon provided great access and was quick to respond. She also has a good working relationship with the regulatory authority."