Gornitzky & Co. handles work for five of the largest insurance companies in Israel, notably in class actions, finance matters, and M&A transactions, as well as assisting with regulatory and tax issues. Experienced litigator Harel Shaham leads the firm’s insurance work. He recently worked with firm chairman Pinhas Rubin to defend a series of class actions against large domestic insurers concerning allegations of the unlawful collection of funds from insured members; a recent Supreme Court decision found in favour of the insurers.
Key clients
- Menorah Mivtachim Holdings Ltd.
- The Phoenix Holdings Ltd.
- Migdal Insurance & Financial Holding Ltd.
- Clal Insurance Enterprises Holdings Ltd.
- Menorah Mivtachim Capital Raising Ltd.
- Harel Insurance Ltd.
- Excellence Nessuah Provident Funds Ltd.
- Bank Hapoalim B.M.
- Migdal Makefet Pension and Provident Funds Ltd.
- Guy Carpenter & Company
- Affinity Partners
- Knighthead Annuity & Life Assurance Company
- Meitav Dash Investments Ltd
- Ayalon
- Amitim
- Canaf - Clal FIinancial Management Ltd.
- IDB Development Corporation Ltd.
- Shomera Insurance Company LTD.
- DavidShield Insurance Company Ltd.
- S. SHLOMO Insurance Company Ltd.
Work highlights
- Representing Clal Insurance Group and Menorah Insurance Group in a precedential 1.2bn class action regarding the effect of Covid-19 on insurance premiums.
- Representing Harel Insurance Group and Clal Insurance Group in a Motion to Approve a Class Action in the matter of Insurance and Pension Funds Taxation, in a scope of NIS300m.
Representing Harel Insurance Group and Menorah Mivtachim Insurance Group, in a NIS2bn class action pending before the Israeli Supreme Court, in the matter of renumeration of pension insurance agents.
Practice head
The lawyer(s) leading their teams.
Harel Shaham