Advs. David Osborne, Ezra Gross, and Elichai Bitter are representing M&C Saatchi PLC, a global marketing services business, in its acquisition of controlling interest in Ben-Natan Golan Ltd., an Israeli advertising company.
Advs. David Schapiro, Peter Sugarman, Micha Tollman and Daniella Millner represented Shapir in a joint venture with Ashtrom in its award of the Tender for the construction of the Hamifratz Port Project in Haifa, in the amount of NIS 3.98 billion.
The Hamifratz Port in Haifa and Hadarom Port in Ashdod are amongst the largest and most valuable infrastructure projects to the Israeli economy, and have been regularly categorized by the Israeli government as nationally strategic projects. The construction of Hamifratz Port and Hadarom port will support the Israeli economy by expanding Israel's marine import capabilities, minimizing Israel's reliance on foreign ports, affording access to larger fleets and increasing the competitiveness between Israeli ports. Hamifratz Port will provide vast employment and growth opportunities to the population of Haifa, the Krayot and the Northern District of Israel. The Tender process continued for over two years and involved extensive negotiations with leading international marine companies.
Our office is happy to co-host an event together with the Israel-Australia chamber of commerce in the commencement of Square Peg Capital's Israeli operations. Square Peg Fund, founded and managed by leading Australian business entrepreneurs and high net worth individuals, is set to invest approximately $150 million in Israeli start-ups in the next 3 to 5 years.
Adv. Orly Tsioni, Odelia Sidi, Amir Assali, Rinat Shuster Perlman, Adi Tal, Shira Lahat, Shai Margalit and Aviv Lazar represented Pointer Telocation Ltd., a public company whose shares are traded on NASDAQ, in a spin-off plan, as part of which certain assets and liabilities of its wholly owned subsidiary, Shagrir Systems Ltd. ("Shagrir"), were transferred into a new wholly owned subsidiary Shagrir Group Vehicle Services Ltd. ("Shagrir Group") and Shagrir, with its remaining assets (primarily Fleet Management and Stolen Vehicle Recovery services) was merged into Pointer. Pointer intends, subject to applicable legal requirements, to distribute the shares of Shagrir Group to Pointer's shareholders as a dividend-in-kind and to use its best efforts to register these shares for trade on the Tel Aviv Stock Exchange.
Advs. Daniel Abarbanel, Adam Spruch and Michael Adler represented the Azrieli Group in a claim which was ultimately decided in favor the Azrieli Group to approve the construction of the "Rishonim" mall in Rishon Lezion. The National Planning and Building Committee considered an appeal that was filed by merchants from the city center and certain residents who opposed the construction of the mall. The Committee rejected their appeal stating that: "these plans are vital for the city's development".
The building plans, which according to the Azrielli Group are valued at NIS 700 million, include two towers of approximately 37 thousand square meters comprising 12,500 square meters of commercial space and 24,000 square meters of office space.
Advocates Barak Tal and Dafna Stern represented Unilever in a NIS 100 million lawsuit which was previously approved as a class action and was conducted against Unilever and Osem. The claim alleges that the companies marketed their cereal in weights that differ from those set forth in the standard, thus making it harder for consumers to compare the prices of various products. After analyzing the evidence, the Haifa District Court acccepted the companies' arguments and rejected the claim stating that "the plaintiffs have not proven that had the products been packaged in weights in accordance with the standard, it would improve the ability of consumers to buy the product that is most worthwhile to them.
Advs. Barry Levenfeld, Daniel Green and Eric Spindel represented BioLineRx Ltd., an Israel-based clinical-stage biopharmaceutical company, in a strategic collaboration agreement with Novartis Pharma AG designed to facilitate development and commercialization of Israeli-sourced drug candidates. Under the agreement, Novartis will evaluate projects identified and presented by BioLineRx for co-development and potential future licensing under the collaboration. As part of the transaction, Novartis made a $10 million equity investment in BioLineRx.
Advs. David Schapiro, Eliran Furman and Avi Anouchi represented Israeli networking company Silicom Ltd. (Nasdaq:SILC; TASE:SILC) in its acquisition of Danish network appliances company Fiberblaze. The Danish company provides high performance application acceleration solutions for the mobile, telecommunication, network monitoring, cyber security, financial and related industries.
Advocates Yarom Romem and Etai Kramer represented Momentum, a technology fund of Ramot (Tel Aviv University's technology transfer company) that invests in University R&D projects, in its final closing - raising a total of just under $23.5 million from investors that include Temasek (the Sovereign Fund of the government of Singapore and one of the largest funds in the world), Tata Group of India, and Sandisk.
Advs. Barry Levenfeld and Avigail Frisch Ben-Avraham co-hosted a conference on "30 years of R&D Law - Past, Present, Future", together with EY Israel and the Interdisciplinary Center Herzliya.
Mr. Avi Hasson, the Chief Scientist of the Ministry of Industry, Trade and Labor lectured at the conference.
Adv. Barry Levenfeld lectured on "The Impact of R&D Law on International Transactions" and led the panel "R&D Law - Trends and Challenges".
Advs. Orly Tsioni, Odelia Sidi, Rinat Shuster-Perlman and Aviv Lazar represented Vizrt Ltd. in its acquisition by the Norwegian fund, Nordic Capital, in a reverse triangular merge for the amount of US 374 million dollars.
Advs. Daniel Green, Ben Sandler, Shira Lahat and Ofir Levy assisted in all the IP, employment and tax related matters.
Adv. Barry Levenfeld lectured at the Ourcrowd annual cocktail event that took place in the Waldorf Astoria hotel in Jerusalem.
Advs. David Schapiro, Peter Sugarman and Guy Lachmann represented OpenRest, a provider of online ordering and mobile solutions for restaurants, in the acquisition of all its shares by Wix.com. OpenRest offers restaurant owners an easy-to-implement, turn-key system enabling online menu and order management, native mobile app development and payment processing. Advs. Ofir Levy and Shai Fahima assisted with tax related issues.
IFLR1000 2015 edition top ranks Yigal Arnon & Co. in the four practices it covers in Israel, placing the firm as one of the top two leading firms in Israel. The firm is ranked 'Tier 1' in Mergers & Acquisitions, Banking & Finance, and Project Finance, and ' Tier 2' in Capital Markets.
Advs. Kobi Ben Chitrit, Liron Hacohen and Noam Enk represented Fabrix Systems Ltd. in its sale to Ericsson (Telefonaktiebolaget L.M. Ericsson) (NASDAQ:ERIC), the Swedish multinational provider of communications technology and services, for $ 95 million. Advs. Ofir Levy and Shai Fahima assisted with tax related issues.
Advocates Barak Tal , Ruth Loven and Yonat Afriat Manna represented Google in a precedential case arguing that Google is not obliged to remove a search result when demanded to do so by a certain person, when the information is not to his liking.
The court accepted the argument and determined that Google cannot act as a "super censor" in these cases, and hold the liability to deny freedom of information.
Our firm hosted a business delegation from India, which included executives from the defense industry in India. The event included lectures by Advs. Barry Levenfeld, Ofir Levy, Simon Weintraub and Daniel Green.
Yigal Arnon & Co. in cooperation with Bernstein Global Wealth Management and Philip Stein hosted a conference: "Strategies to Plan, Invest and Find Success in Today's Market and how to Negotiate the Highly Regulated Globally Taxing Environment. Adv. Ofir Levy lectured on: "What the new tax regime means for non-Israeli trusts with Israeli beneficiaries".
Advocates Barak S. Platt, Ben Sandler, Ofir Levy, Daniel Green, Eli Greenbaum and Nimrod Vromen represented Clarity Ray, an Israeli startup company developing tools helping publishers and networks identify and prevent ad-fraud, in its acquisition by Yahoo!.
Adv. Kobi Ben Chitrit and Liron Hacohen represented the Company's lead investor, Mr. Saar Wilf.
Clarity Ray's employees will be used by Yahoo! to form its new local R&D hub focusing on internet search frauds.
Our firm hosted a delegation of Australian businessmen led by Mr Cameron Clyne, CEO of the National Australia Bank and with the participation of executives from top-tier Australian companies. The group's visit was organized by the Israel-Australia Chamber of Commerce and Adv. Micha Tollman of our firm, who specializes on the Australian market and worked for several years in Sidney, Australia, in leading global law firms. The event focused on collaboration in the fields of cyber-security, bigdata, fintech and biotech and included a lecture by Adv. Barry Levenfeld of our firm concerning investment and business opportunities in Israel.
Advs. Doron Tamir and Ariel Oseason acted for the public sector in the 3 billion NIS financial closing of the Ashalim thermal solar project between the Ministry of Finance, the Ministry of National Infrastructure, Energy and Water Resources and Megalim Solar Power Ltd. (a company formed by BrightSource, Alstom and NOY Fund). The power plant will feature Brightsource's concentrating solar power (CSP) tower technology and will generate around 320 gigawatt-hours annually. Yigal Arnon & Co. has accompanied the project as well as two other big BOT thermal solar projects from earliest stages.
For the second meetup, Adv. Guy Lachmann will be moderating a panel discussing some of the hot topics related to compliance, identity and security. The event will take place at Patrick's Irish Pub, Rothschild Blvd 39, Tel Aviv, on Sunday August 3rd, at 6:30pm.
Yigal Arnon & Co., JVP and Deloitte Brightman Almagor Zohar are pleased to invite you to join us and get the toolbox you need to build a company out of a concept. Enjoy great food, drinks and networking with entrepreneurs and industry leaders, share insights, and grow your business.
Adv. Ronit Amir-Yaniv lectured on the 'Innovations in the various legal fields in 2014" and guest lecturer Arik Ze'evi lectured on 'Winning the everyday battles'. CEO's and in-house counsels of leading Israeli companies.
Adv. Nimrod Vromen will lecture in the 'SOSA Academy program' about the Capitalization tables in the life of a startup.
The lecture will take place at SOSA on June 30, 2014 at 16:30.
Adv. Barak Tal spoke at the International Commercial Arbitration – The UNCITRAL Model Law and Beyond at the Bar Ilan University.
Advocates David Schapiro and Eliran Furman represented the Azrieli Group and Granite Hacarmel in a transaction for the sale of Tambour Ltd. (Granite’s wholly owned subsidiary) to the Kusto Group, which is based in Singapore, for an amount of half a billion NIS.
The transaction was made on an "AS IS" basis and the purchaser deposited a down payment of approximately NIS 70 million upon siging of the share purchase agreement. Upon closing the remainder of the full consideration shall be paid.
Advs. Barry Levenfeld and Zohar Nevo represented Enlivex Therapeutix Ltd. (the “Company”) in a Securities Purchase Transaction for the issuance of notes to investors in an amount of $7M. The consummation of the transaction gives effect to a change of control of the Company. Prior to the transaction, the Company was controlled by HBL – Hadasit Bio Holdings Ltd., a publicly traded holding company of Hadassah hospital. Following the transaction, the Company is controlled by a group of investors lead by Shai Novik and Avri Havron, two Biotech entrepreneurs who successfully led a previous company, Prolor Ltd., to being publicly traded on NASDAQ.