Our firm, represented by Adv. Ram Jeanne and Adv. Gidon Even-Or, acted for Kochav Pumped Storage, developer of a major pumped-storage power station in Kochav HaYarden, in a claim filed by a financial adviser seeking enforcement of success fees.
The adviser argued that the agreement was never formally terminated and that he was therefore entitled to success fees amounting to millions of shekels, despite not providing any services during the eight years preceding financial close.
The District Court dismissed the claim in full, ruling that because the agreement constituted a personal services contract, the company was entitled to terminate it by conduct.
The judgment was featured in the Globes “Law & Economy” section, which highlighted three recent notable rulings in core commercial areas. To read the full article: Globes – “Pumped Storage”
