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Ampal - American Israel Corporation

  1. December 17, 2019

    Energy Co. Trustee Sees $27M Deal OK'd In Adversary Case

    A New York bankruptcy judge Tuesday approved a $27 million settlement to end a long-standing dispute between bankrupt energy investment holding company Ampal-American Israel Corp. and its ex-CEO over an allegedly unpaid promissory note.

  2. October 09, 2018

    Ampal Reaches $150M Deal To Resolve Gas Row With Egypt

    Bankrupt Ampal-American Israel Corp. has reached a $150 million deal to resolve several arbitrations involving Egypt and two state-owned oil and gas companies — one of which resulted in a $1.033 billion arbitral award against Egypt — stemming from a terminated natural gas deal, according to documents filed in New York bankruptcy court.

  3. August 02, 2018

    Ampal Sees Its Stake In $1B Egypt Gas Award Preserved

    A New York judge on Wednesday looked to preserve the value of bankrupt Ampal-American Israel Corp.'s stake in a more than $1 billion arbitral award stemming from a terminated natural gas deal with Egypt, telling the company's controlling shareholder he must notify the company's bankruptcy trustee before taking certain actions.

  4. June 22, 2018

    Ampal Looks To Curb Tax Liability From $1B Egypt Gas Award

    A trustee of bankrupt Ampal-American Israel Corp. urged a New York court to preserve the value of the company’s stake in a more than $1 billion arbitral award stemming from a terminated natural gas deal with Egypt, saying the court needs to halt transactions that could impact Ampal’s eventual tax liability.

  5. February 20, 2018

    Tribunal Orders Egypt To Pay $1B In Gas Supply Row

    Egypt has been ordered in arbitration to pay more than $1 billion in damages for wrongfully terminating a gas purchase and supply agreement with the operator of an underwater pipeline that transported natural gas from Egypt to Israel, a company partially owned by the bankrupt Ampal-American Israel Corp.

  6. November 16, 2017

    Kasowitz Bows Out Of $28M Ampal Adversary Case

    Kasowitz Benson Torres LLP received permission Thursday to bow out of adversary litigation in the bankruptcy of energy investment holding company Ampal-American over a $28 million judgment linked to a project to make ethanol from sugarcane in Colombia.

  7. September 27, 2017

    Trustee Fights Kasowitz Exit From Ampal Bankruptcy

    The trustee for energy investment holding company Ampal-American Israel Corp. accused Kasowitz Benson Torres LLP in a Tuesday bankruptcy court filing of a "preemptive" attempt to quit the case in the face of a discovery contempt threat.

  8. June 10, 2016

    Bankrupt Gas Co. To Pull 1 Claim In $565M Row With Egypt

    The trustee of insolvent Ampal-American Israel Corp. got permission from a New York bankruptcy judge Friday to withdraw one of two arbitration claims against Egypt in a $565 million dispute over halted deliveries to its natural gas pipeline, with the judge saying there was no need to withdraw its second claim.

  9. May 24, 2016

    Ampal Trustee Seeks Dual Arbitration In $565M Egypt Gas Row

    The trustee of Ampal-American Israel Corp. asked a New York bankruptcy judge Monday to let it divide its $565 million arbitration claim against Egypt for halting deliveries to its natural gas pipeline between two tribunals, saying the strategy would maximize its ability to collect an eventual award and minimize complications.

  10. July 29, 2015

    DQ Bid Fails Against Ampal Bankruptcy Trustee

    A New York bankruptcy judge refused Wednesday to disqualify Ampal-American Israel Corp.'s trustee or block his firm Tarter Krinsky & Drogin LLP from serving as substitute counsel, finding no conflict of interest despite claims to the contrary.

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