Advs. Daniel Marcovici, David Schapiro and Amir Kolton acted for JP Morgan as the lead underwriter of a private placement to Israeli and foreign institutional investors of senior secured notes in the aggregate amount of $800,000,000, issued by B Communications Ltd. (the controlling shareholder of Bezeq (TASE: BZEQ), Israel’s largest telecommunications provider). The notes are secured through placement of a lien on certain assets of the issuer, including its controlling shareholding in Bezeq. The notes will be registered for trading on the Tel-Aviv Stock Exchange's platform for trading by institutional investors known as "TACT-Institutional". This offering was unique and unprecedented in Israel, both in terms of size and complexity, it having required various regulatory approvals, including from the Israel Securities Authority, the Ministry of Communications and the Prime Minister of the State of Israel, the Israeli Tax Authority and the Tel-Aviv Stock Exchange.
According to Dun & Bradstreet's 2014 Israeli law firm quality rankings by practice, Yigal Arnon & Co. is ranked in 20 practice areas and is one of Israel’s leading law firms.
Dun & Bradstreet ranked Yigal Arnon & Co. as a "leading law firm" (Tier 1) in 13 of the most important practice areas: Mergers & Acquisitions, High-Tech, Real Estate, Planning & Construction, Project Finance & Infrastructure, International Commercial, Banking and Financing, Capital Markets & Public Offerings, Commercial Litigation, Class Actions, Venture Capital, Private Client & Family Wealth Management and Administrative Law. In addition, the firm was ranked as a "prominent law firm" (Tier 2) in: Tax, Restructuring & Insolvency and Debt Arrangements; and as "recognized" (Tier 3) in Antitrust, Telecommunications, Intellectual Property and Labor Law. Unlike other D&B rankings, which are based merely on size or number of lawyers, this survey is based on quality.
Yigal Arnon & Co. is co-sponsoring the first Bitcoin conference in Israel that will take place on February 27, 2014 at Avenue, AirportCity. Adv. Yuval Shalheveth will lecture at the conference on "Bitcoin and money laundering – is there a cause for concern?"
Details & Registration: http://bitcoin14.events.co.il/save-the-date
Advs. Simon Weintraub, Shiri Shaham and Noam Meir represented Barclays Bank Plc, as arranger, Bank Mizrahi Tefahot, as facility agent and a number of Israeli institutional lenders in a $225 million credit facility to Alon D.A. Gas Explorations Ltd., a wholly owned subsidiary of Dor Gas Explorations Limited Partnership, which among other things will re-finance the credit facility entered into by Alon D.A. Gas Explorations Ltd. in April of 2012 to finance the Tamar offshore gas exploration project.
Yigal Arnon & Co., in cooperation with City TLV and FIMI Funds, hosted a 'Mezzanine Funding' professional seminar, which took place at the Yigal Arnon offices in Tel Aviv.
Adv. Simon Weintraub lectured at the 6th Plenary Meeting of the European Technology Transfer Offices (TTO) Circle co-organised by the Weizmann Institute of Science and the European Commission’s Joint Research Centre (JRC).
Yigal Arnon & Co. is, once again, the leading firm in representing defendants in class actions during 2012 - according to the annual review of class actions filed in Israel during 2012, that was presented at the annual conference 'Class Actions in Israel' held by "Halacha Le'ma'ase" Center.