Advs. Barry Levenfeld, Ben Sandler, Ofir Levy, Avigail Frisch and Noam Enk represented Hyperion Therapeutics in its acquisition of Andromeda Biotech for up to US$570 million. At closing, Hyperion will pay approximately US$12.5 million in cash and US$7.85 in Hyperion stock. The remaining consideration will be contingent upon further development of Andromeda's flagship drug and various regulatory and commercial milestones.
Yigal Arnon & Co., in collaboration with the Israel Advanced Technology Industries (IATI), held a seminar on bitcoin on May 13, 2014. The seminar included lectures by Adv. Yuval Shalhevet of our firm concerning "Bitcoin and the law – can they go hand in hand?" and by executives in the Bitcoin EmBassy and Byte – Crypto-currency Innovation Lab, Israel's leading hub for bitcoin ventures and technologies, concerning their activities.
Legal 500 2014 edition top ranks Yigal Arnon & Co. in 12 practice areas, recognizing the firm as one of the leading firms in Israel. The firm is ranked 'Tier 1' in Corporate/M&A, Hi-tech, Start-ups & Venture Capital, Dispute Resolution and Real estate; and ' Tier 2' in Banking & Finance, Capital Markets, Projects & Energy, Insurance, Competition/Antitrust, Telecoms & Media, Tax and Intellectual Property.
Yigal Arnon & Co. and The Hebrew University hosted a roundtable forum on accessibility. Advocates Asaf Eylon and Aner Hefetz participated in the forum.
Yigal Arnon & Co. welcomes Zachi Zach, a new partner in the high-tech department, who specializes in the internet field.
In recent years, prior to joining the firm, Zachi was partner and co-founder in a boutique law firm specializing in advising internet related businesses and international mergers and acquisitions.
Zachi specializes mainly in representing internet companies and startups in various fields such as real money and social gaming, Forex and binary options, algorithmic trading, e-commerce, payments solutions, mobile, online advertising and marketing, affiliate networks and monetization strategies. Zachi's expertise in the internet business was acquired, among others, while consulting to one of the largest global groups of e-commerce and gaming companies operating in the internet, social networks and mobile arenas.
Advocates David Schapiro and Eliran Furman represented TowerJazz in a transaction with Panasonic Corporation to create a joint venture to manufacture semiconductor products. As part of the transaction, Panasonic transferred assets and technology including three semiconductor manufacturing facilities in Japan to the joint venture and will purchase semiconductor products from the joint venture in the next 5 years. Tower received 51% of the JV's equity in exchange for a portion of Tower’s shares. The transaction included negotiating many complicated cross-border commercial agreements (Japan, Israel, US) including manufacturing, licensing and services agreements between the joint venture, Tower and Panasonic.
Chambers and Partners 2014 edition top ranks Yigal Arnon & Co. in 8 practice areas, placing the firm as one of the top leading firms in Israel. The firm is ranked 'Band 1' in Dispute Resolution, High-tech and Real estate; and 'Band 2' in Banking & Finance, Capital Markets, Corporate/M&A, Projects & Energy and Tax. In addition, 11 Yigal Arnon partners have been ranked as top lawyers in their field.
Advs. Daniel Marcovici, David Schapiro, Amir Kolton and Eric Spindel 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. co-sponsored the first Bitcoin conference in Israel that took place on February 27, 2014 at Avenue, AirportCity. Adv. Yuval Shalheveth lectured at the conference on "Bitcoin and money laundering – is there a cause for concern?"
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 2013 - according to the annual review of class actions filed in Israel during 2013, that was presented at the annual conference 'Class Actions in Israel' held by "Halacha Le'ma'ase" Center.
Advocates Gil Oren and Guy Lachmann led and negotiated a series of complex international financing transactions involving Dutch and Israeli companies in the Habas Group during November, 2013. In three subsequent transactions amounting to a total of over EUR 45 million, entities within the global Habas Group entered into an amendment to the terms of a EUR 55 million bank loan facility with a banking consortium in the Netherlands. These entities have further consummated the separation of Mayer (Kesher) Real Estate Ltd. from its ownership and debt stake in the Habas Group, alongside the sale of shares in NSI N.V. (NSTEc.AS), a Dutch REIT fund traded on the NYSE Euronext stock exchange in Amsterdam. Lastly, the same entities sold additional shares of NSI N.V. to two Israeli institutional investors. Habas Investments (1960) Ltd., a publically traded company in TASE, is currently in court-managed liquidation process. Advocates Gil Oren, Partner at Yigal Arnon & Co., and Guy Gissin of Gissin & Co. were appointed as temporary liquidators by the Israeli Central District Court.
Finance Monthly Magazine selects the IBM acquisition of Trusteer as 'Deal of the Month' and interviews Adv. Barry Levenfeld who led the deal on behalf of IBM.
Yigal Arnon & Co. in cooperation with IATI (Israel Advanced Technology Industries) invite start-ups and entrepreneurs to join us in an Equity Crowdfunding seminar, December 10, 2013 at Yigal Arnon & Co. offices.
Yigal Arnon & Co. along with the Institute of Certified Public Accountants in Israel hosted the conference " Intergenerational transfer of assets - Taxation and business aspects " at the Institute of Certified Public Accountants in Israel in Tel Aviv, on November 26, 2013
Advocates David Osborne, Yuval Shalhevet and Ofir Levy lectured at the conference.
Adv. Simon Weintraub gave a lecture at the INSEAD about doing business in Israel and Adv. Adrian Daniels moderated a panel entitled - From Israel to Asia: Business Collaboration Ideas. See also attached from the Israel's Singapore Embassy Website. http://itrade.gov.il/singapore/2013/10/09/innovation-xchange-ix-world-to...
Adv. Guy Lachmann gave a lecture to the Economic Company for Financial Development of the State of New York and the Israel-US Business Council.
IFLR 2013 edition top ranks Yigal Arnon & Co. in the four practices it covers in Israel, placing the firm as one of the top 2 leading firms in Israel. The firm is ranked 'Tier 1' in Mergers & Acquisitions, Banking & Finance, and Project Finance, and ' Tier 2' in Capital Markets.
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Yigal Arnon & Co. in cooperation with IATI (Israel Advanced Technology Industries) invite Hi-Tech & Life Science Start-ups to join us in the event: “The Ins-and-Outs of the Due Diligence Process in Investment Transactions”, October 23, 2013, Yigal Arnon & Co. offices.
Advocates Barry Levenfeld, Harry Kirsh, Yuval Shalhevet, Zohar Nevo and Noam Enk represents the winning bidding consortium, consisting of Johnson & Johnson, Takeda Pharmaceuticals (the first Japanese Pharmaceutical Company to invest in Israel) and the healthcare fund OrbiMed Israel, for the establishment of an OCS-supported biotechnological incubator intended to encourage the creation and support of pharmaceutical and medical device companies.