Insights & News

Our Real Estate Department is advising apartment owners in a residential complex designated for pinui-binui in Herzliya. We represented a group of about 120 apartment owners in court against three recalcitrant owners who are objecting to the project due to their demand for higher recompense from the contractor. The court made the extraordinary decision to order the recalcitrant owners to pay ILS 7.8 million in compensation (ILS 2.6 million apiece). In addition, each recalcitrant owner was ordered to pay ILS 20,000 for legal expenses.

Adv. Terry Almozlino Arnon, Adv. Alon Wolner, and Adv. Nadav Shoshan represented Aviv Group in a financing agreement for the purchase of land for the construction of 733 housing units in Herzliya. The scope of the financing agreement is more than ILS 1.1 billion.

Our firm represented Phoenix Mortgages (Gold) Ltd. in signing a framework agreement with the Kama Fund (from the Kibbutz Movement). As part of the agreement, Kama will provide a guarantee to Phoenix for the “gold loans” it grants to kibbutz members over the age of 60 for purchasing housing in kibbutzim. A gold loan can be repaid even after the borrower’s life expectancy and is secured by encumbering the borrower's rights in the residential property attributed to it. Adv. Hagit Ben Moshe, the head of our firm’s Kibbutz Sector Department, and Adv. Hani Shraier represented Phoenix.

We were happy to host the global femtech accelerator Tech4Eva for an event at our offices. As part of the event, doctors and entrepreneurs discussed menopause and the need for innovation in increasing awareness and educating physicians and patients. Adv. Inbar Gorelick represented the firm at the event and participated in one of the featured panels. 

Adv. Misha Gitterman and Adv. Omri Oren represented Bash Gal Sport of Movement – The Wellness Company, Israel’s leading wellness group, in the ILS 30 million acquisition of Energym, a fitness equipment importer.

We were invited to lecture at the Association of Publicly Traded Companies’ annual economic conference, where we discussed the ruling in Inbar v. Ofir Naor, the liquidator of IDB Development Corp., and the lessons corporate counsel should draw from it regarding the provision of legal representation to directors, especially those of a public company.

In a recent ruling in the Bachar Real Estate case, the court prioritized the rights of tenants over insolvent urban renewal companies and created a significant obstacle to the rehabilitation of such companies. Adv. Idan Miller, the head of our firm's Insolvency Department, presents the challenges of the new ruling in an op-ed for Globes.

Our firm hosted a morning workshop of experts from the ESG and sustainability field. Dr. Zvi Gabbay lectured on the legal angle of ESG. Michal Weiss, the ESG manager at Doral, discussed how to undertake ESG activities within an organization. Hagit Genish Gil lectured on how to make ESG activity suitable for a large organization. Michal Gat, the CEO of Titan, closed the event with a lecture on how to build a branding story that is right for a company’s activities.

We were interviewed by TheMarker about how the regulation of crowdfunding can help investors.

Our firm represented RGE in the appeal the television cable company Hot filed with the Israeli Supreme Court over the Second Authority for Television and Radio’s decision to approve the establishment of FREETV, a joint initiative between RGE and Keshet. In its appeal, Hot claimed approval of the project was invalid because of alleged harm to competition and because of the project’s potential consequences on centralization in the media. The Supreme Court rejected the appeal and ruled it was not within Hot’s authority to determine a legal flaw in the decision-making process or the approval itself. RGE was represented by Adv. Zohar Lande, Adv. Eran Winner, Adv. Ido Vakshi, and Adv. Lina Makhuli.

TheMarker’s Ahad Ha’am magazine published an op-ed by Dr. Avishay Klein on the Israel Securities Authority’s latest guidelines on cyber risks (page 4). The magazine also conducted an interview with Adv. Eyal Nachshon on the increase in scope of class action lawsuits against public companies in Israel (page 11). Eyal addressed, among other things, his representation of several companies in a recent series of digital accessibility class action lawsuits.

BlackRock, the world's biggest asset management company, has announced the launch of a bitcoin exchange-traded fund. This has led to Bitcoin hitting a more than one-year high. We explain the rationale behind BlackRock's move in an interview with Globes.

A tumultuous seven-year family dispute concluded with a ruling by Israel's Supreme Court in favor of our client. The Court held that funds our client had allocated for the benefit of his daughter, which were managed by his former son-in-law through various investments, were intended to be held in trust and were not a gift, as the former son-in-law had claimed.

The Supreme Court ordered the appointment of a trustee to manage the trust in accordance with its objectives and directed the former son-in-law to return the funds to the trust. The trustee is authorized to take all actions necessary to recover the trust's assets, including funds allegedly misappropriated by the former son-in-law. The Court also ordered him to pay our client's legal fees and expenses totaling ILS 1.25 million.

Adv. Zohar Lande, Adv. Gal Livshits, Adv. Adi Shoham, Adv. Zohar Haim Levinger, and Adv. Liron Dahan represented our client in this matter.

Our firm co-hosted with Dueti a meetup for HR managers from a number of leading firms in Israel. Adv. Netta Bromberg, the head of our firm’s Employment Department, opened the meetup with a lecture on the legal aspects of HR interfaces and employee management. Seven HR managers also lectured as part of the event.

We hosted a delegation of entrepreneurs from Mexico, who arrived in Israel to learn about investment opportunities in the Israeli high-tech market. As part of the delegation’s visit, Adv. Ariella Dreyfuss lectured on the legal aspects of doing business in Israel.

Adv. Shai Avnieli and Adv. Omer Ungar represent Bareket in a lawsuit filed against it by construction company Longshine. Longshine, which served as the main contractor on a project initiated by Bareket, was nine months late in delivering the project. As a result, Bareket deducted approximately ILS 10 million from the construction account.

Adv. Ariella Dreyfuss has been representing Azrieli in its ongoing investments in the data centers field. Following its 2019 acquisition of 20% of Compass for USD 135 million, Azrieli announced yesterday an agreement for the sale of Compass to Brookfield Infrastructure. Compass Data Centers is one of the largest developers of data centers in the world.