Significant ruling for Delek drilling that will allow the partnership to continue with its restructuring

Congratulations to our client, Delek Drilling, on the latest court ruling approving the partnership’s motion to convene a General Meeting of all shareholders, intended to vote on its corporate restructuring.
This significant ruling will allow the partnership to continue with its scheme of restructuring, aiming to transform into a fully British-owned entity, dually listed on the Tel Aviv Stock Exchange, as well as the London Stock Exchange.
In addition, the ruling accepted Delek Drilling’s motion to hold that contemporary agreements regarding Delek Group’s gas royalties, will stay in effect after the completion of the restructuring scheme.
Representing Delek Drilling in this significant, milestone ruling, are partners Zvi Agmon, Ze’ev Gutreich, and associate Daniel Levy, of our Litigation department.

Click here to read more about this ruling (In Hebrew).