Roy has extensive international experience in providing legal advice to private investment funds at all stages of their operations, as well as to institutional investors investing in these funds.
Roy counsels fund managers primarily regarding funds’ formation and as to the funds’ ongoing operations. He also advises on financing and regulation. In addition, Roy has extensive experience in all aspects of the investments and various transactions made by funds.
Roy serves as the lead legal advisor to one of the largest institutional investors in Israel and advises this investor as to its private equity and venture capital fund investments. In this capacity, Roy assisted this investor in building the largest portfolio of such funds in Israel.
Over the years, Roy developed a global network of service providers in this field, including in the Caribbean and in other jurisdictions, both offshore and onshore.
Roy gained his unique experience working for 10 years in New York. He was employed at Debevoise & Plimpton LLP (where he specialized in representing funds in mergers and acquisitions) and Skadden, Arps, Slate, Meagher & Flom LLP (where he specialized in fund formation and investment management). In Israel, Roy was a partner at a large Tel Aviv law firm (where he set up the funds department). He was also a founding partner of a boutique law firm in the field.
New York University School of Law, LL.M. 1997
Hebrew University, LL.M. Corporate Law 1994
Hebrew University, LL.B. 1994
Member of the New York State Bar Association since 1996
Member of the Israel Bar Association since 1994
News and updates - Roy Engel:
Representing Menora Mivtachim in USD 30 Million Investment in Jio
Jio, India's largest telecommunications company, recently completed a major investment round, raising money from leading multinational corporations like Google and Facebook. Israeli insurance company Menora Mivtachim also invested about USD 30 million as part of the round. Firm partner Roy Engel accompanied Menora Mivtachim in the investment.
Cayman Islands Removed from EU “Non-Cooperative Tax Jurisdiction” Blacklist
In late March 2020 we published a note regarding the de-facto “downgrade” of the Cayman Islands by the European Union’s Economic and Financial Affairs Council (ECOFIN) as a “non-cooperative jurisdiction” for tax purposes. This was regarded by the international investment community as a “blacklisting” of the Cayman Islands. We noted then that this blacklisting was “a technical result of the delay in the enactment of [certain Cayman Islands] laws, and therefore it is expected the EU will agree to return the Cayman Islands to its previous status and remove it from the list of the list of “non-cooperative jurisdictions” as early as by October 2020.” Indeed on October 6, 2020, ECOFIN removed the Cayman Islands from its “blacklist” of non-cooperative jurisdictions in tax matters.
Providing Counsel in the Establishment of a New Investment Fund in Asia
Liquidity Fund of Meitav Dash will establish with MUFG Bank, the world’s largest Japanese bank, a new private investment fund in Asia. The new fund will be incorporated in Singapore, and will provide credit to companies in Asia, through securitization transactions of future cash flows. Our firm, led by attorneys Roy Engel and Yuval Lazi, accompanied Liquidity, which as part of the agreement will provide the joint company with management and underwriting services.