Yigal Arnon & Co. represented the pension fund of Egged, Israel's leading public transportation company. The Tel Aviv Labor Court rejected the application of a retired Egged member to file a class action against the company's pension fund. The pension fund, represented by advocates Barak Tal and Orna Sasson, is under special management since it collapsed in 2003 with a deficit of billions of shekels.
The action alleged that "Google Books" involved copyright infringement. Advocates Barak Tal and Ruth Loven, who represent Google, argued that pursuant to Israeli law the case may not be adjudicated as a class action. The Jerusalem District Court accepted this argument and dismissed the case.
Yigal Arnon & Co.'s office on Hillel Street was one of the buildings chosen to participate in the Jerusalem "Houses From Within" event, which will take place on November 4-5, 2011. "Houses From Within" will showcase scores of interesting private homes, public and government buildings, historical monuments, houses of prayer and gardens – all distinct in their architectural design.
IFLR 2012 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.
Advocates Barry Levenfeld, Ben Sandler, Harry Kirsh, Ronit Amir-Yaniv, Etai Kramer and Zohar Nevo represented Wave Systems Corp (NASDAQ:WAVX) in its acquisition of Safend Ltd. for US$12.8 Million. Safend is a leading provider of endpoint data protection, guards against corporate data loss and theft through its content discovery and inspection, encryption and comprehensive device and port control.
Dror Vigdor, Yigal Arnon's most veteran lawyer: "Despite what the protest leaders think, the process cannot be aquick fix." Regarding the valued boss: "He's a phenomenon."
From Levaieb through Ben-Dov and Teshuba, the companies are collapsing, but one field is still flourishing: debt settlements.
David Schapiro, Peter Sugarman and Avraham Ben-Tzvi represented Roads Limited Partnership (TSI), in its acquisition of the interests in Derech Eretz Highways (DEC) that are presently owned by Shikun & Binui Ltd., the concessionaire for the Highway 6 BOT project, for NIS 773 million. TSI is an Israeli partnership established and managed by the Israel Infrastructure Fund, with participation by leading institutional investors - such as Harel Insurance, among the limited partners.