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 are co-hosting 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 will lecture at the conference.
Adv. Barry Levenfeld will lecture on "The Impact of R&D Law on International Transactions" and will lead 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.
Advs. Shiri Shaham, Simon Weintraub and Noam Meir represented the Joint Book-Running Managers JP Morgan, CitiGroup and HSBC as the lead underwriters of a private placement to Israeli and foreign institutional investors of senior secured notes in the aggregate amount of $2 billion issued by Delek & Avner (Tamar Bond) Ltd., a private company jointly owned by the sponsors, Delek Drilling Limited Partnership and Avner Oil Exploration Limited Partnership (each partnership is publicly traded on the Tel Aviv Stock Exchange). This was the largest ever debut USD project bond issuance to be rated investment grade. Proceeds will be used, among other sources, to fund the Tamar and Leviathan offshore natural gas projects in Israel.
BDI 2014 Quality Ranking top ranks Yigal Arnon & Co. in 23 practice areas, the highest number of practice areas ranked; recognizing the firm as one of the top quality firms in Israel.
Yigal Arnon & Co. is ranked 'Tier 1 – Leading/Dominant' in 19 practices: Corporate/M&A, Hi-tech, Capital Markets, International Commercial Law, Class Actions, Commercial Litigation, Banking & Finance, Real Estate, Construction, Project Finance, Tax, Restructuring & Insolvency, Debt Arrangements, Administrative Law, Local Authorities, Family Wealth Management, Telecommunications, Enforcement & Collection and Antitrust; ranked 'Tier 2 - Leading' in 3 practices: Insurance, Intellectual Property and Environmental Law and ranked 'Tier 3' in Labor Law.
The event took place on May 13, and is one of the biggest start-up conferences in Israel. Spoke in the event, among others: Uri Levine Co-Founder at Waze and Founder and Chairman at Feex, Avishai Abrahami, Co Founder at Wix, Shahar Waiser, Founder at GetTaxi, Jonathan Medved, Founder & CEO at OurCrowd, Dr. Yossi Vardi, Aaron Harris, Partner at Y Combinator and Boris Veldhuijzen van Zanten, Founder at The Next Web. The event also included a start-up competition, the TLV Startup Challenge, in which Adv. Zachi Zach from the firm was one of the judges.
Our firm sponsored the kickoff event of the new FinTech Aviv initiative, Israel's new forum for financial technologies innovators, investors, entrepreneurs and professional experts. The event took place on Sunday, May 11, 2014 and included a key-note speech by Yoni Assia, CEO eToro and presentation by 5 new fintech star startups.
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.