Insights & News

Adv. Ariella Dreyfuss and Adv. Rahaf Awawdi represented TipRanks in a transaction in which Prytek acquired an additional 40% stake in TipTanks, becoming its controlling shareholder. In 2021, TipRanks raised USD 77 million, partially through a secondary offering led by Prytek. This transaction was also handled by the firm, with Adv. Hanna Daher assisting in all tax aspects.

Adv. Eyal Nachshon, Adv. Zohar Haim Levinger, and Adv. Anna Elenport represented Bank Hapoalim in a class action lawsuit filed by the Association of Representatives of Society and the Environment. The motion for certification claims that the bank charged excessive exchange fees when converting monies in foreign currency. The court rejected the motion out of hand and stated that its submission constitutes  bad faith conduct and misuse of a legal process.

As part of our cooperation with BDO Academy, we were invited to lecture on topics such as the role of the corporate secretariat, its importance to the organization, getting to know board directors, case law analysis, and corporate governance.

Our firm is the legal partner of the Tel Aviv University Entrepreneurship Center, providing support for various programs, including the "Entrepreneurs on Campus" program, which is designed for female students pursuing a second degree or higher for purposes of developing a startup. Yesterday, the program's pitch night took place, in which the entrepreneurs presented their ventures. Adv. Inbar Katzir, who supports early-stage startups, served as a judge at the event's finale

Our firm represented Trivago, a leading global hotel search platform, in its strategic investment and call option to acquire Holisto, an Israeli AI-driven travel tech platform that serves as a hotel rate aggregator and white-label booking engine provider. Adv. Ariella Dreyfuss and Adv. Dean Weinberg represented Trivago.

Adv. Ariella Dreyfuss spoke as part of an IBA webinar on the key legal considerations of acquiring startups and early-stage companies in India.

Adv. Tal Freilich Hay spoke to participants of Tel Aviv University's "Yazamiyot - Female Entrepreneurs on Campus" program about core legal concepts in the world of entrepreneurship and startups.

Our firm represented a CFO who previously served at one of the largest construction companies in the country in a lawsuit filed with the Tel Aviv District Court (Economics Department). The lawsuit was initiated by the trustee appointed to the company as part of an insolvency proceeding.

The CFO, who served for only a few months at the company, was one of dozens of defendants, including board members, members of management, controlling owners, and auditors, all of whom were held jointly and severally liable for damages allegedly amounting to approximately ILS 500 million due to the company’s collapse and subsequent insolvency proceedings.

Despite the lawsuit raising several factual and legal claims against the CFO, we took the unusual step of filing a motion to dismiss the lawsuit outright on behalf of the CFO, before even submitting a statement of defense. The grounds for this motion included lack of cause and lack of standing. Following discussions with the trustee, an agreement was reached to remove the CFO from the lawsuit. As a result, the CFO was not held personally responsible for any of the alleged damages, with collective responsibility being attributed to all remaining defendants.

Our firm represents Mouro Capital, an investment fund that is a Vesttoo shareholder and has an appointed director, in the insolvency proceedings of Vesttoo, an international Israeli fintech company. The parallel proceedings are taking place in the United States and Israel, and Vesttoo's debts are estimated at approximately USD 3 billion. We represent Mouro Capital as Vesttoo and 48 affiliated entities undergo Chapter 11 proceedings in the United States. In Israel, debt restructuring enforcement proceedings and proceedings to recognize the foreign insolvency process are underway. As part of these matters, declaratory relief actions have been filed in Israel to establish jurisdiction over issues relating to the directors' activities at the company.

Adv. Gal Rozent, a competition law expert, was interviewed by TheMarker following news of Google's interest in acquiring the Israeli company Wiz. Gal explained current trends in the US and Europe and what competition authorities will request to examine to approve the deal.

Adv. Elad Reshtick, a partner at our firm, guest lectured to a corporate secretarial course at BDO Financial Academy. Elad addressed officer and director compensation, insider information and transactions involving interested parties, financial reporting for managers, and preparing for public offerings. Elad has been invited to lecture to the course again in August, where he will focus on board of director matters and corporate governance.

Our firm represented Thermo Fisher in its participation in CytoReason's USD 80 million financing round, alongside notable investors OurCrowd, Nvidia, and Pfizer. CytoReason provides pharmaceutical and therapeutic leaders with molecular-level insights and advanced AI tools that support data-driven decision-making in healthcare and the life sciences. Adv. Simon Jaffa, Adv. Ariella Dreyfuss, and Adv. Rahaf Awawdi represented Thermo Fisher in the transaction.

Our firm organized a unique four-part course in collaboration with Microsoft, TrustIZ, and Taylor Wessing UK. Designed for legal advisors, the course covered critical topics including AI regulation, drafting and negotiating privacy aspects of AI agreements, and managing data breach events. The final session took place at our offices yesterday, marking the completion of this comprehensive and valuable series.

Adv. Elad Reshtick, a partner at our firm, was invited to lecture at the Senior Business Management and Director Training Course of the Mafat Unit, which is responsible for the research and development of defense technologies and infrastructure. His lecture addressed key aspects of soundcorporate governance, including directors' responsibilities and the effective management of boards and their committees, providing participants with in-depth knowledge and practical tools.

Adv. Zohar Lande, the head of our firm's Litigation Department, participated today in the annual conference hosted by the Association of Corporate Counsel in Israel (ACC Israel). Zohar took part in a panel on crisis management in companies. 

Our firm represented Aviad Concrete and Clay Industries in a lawsuit against Nesher Israel Cement Enterprises that alleged Nesher abused its monopolistic position and harmed competition. The court's ruling set a precedent regarding the limits of the prohibition imposed on monopolies from discriminating between customers. Adv. Gal Rozent and Dr. Ran Karmi represented Aviad in the lawsuit. 

Adv. Idan Miller, a partner and head of our firm's Insolvency Department, lectured to attendees of an Israel Builders Association financial management course. The focus of the lecture was how to handle and prepare for insolvency events.

Our firm represented Azrieli Group in a multimillion-shekel lease transaction with NTA – Metropolitan Mass Transit System Ltd. As part of the transaction, NTA will expand its office space at Azrieli Business Park Holon from 8,000 to 12,000 square meters. Adv. Alon Wolner and Adv. Hili Michaeli represented Azrieli in the transaction. 

Adv. Terry Almozlino Arnon, a partner and head of the firm's Real Estate Department, spoke with Globes about the future of contractor loans.