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Representing Aviv Group in ILS 1.1 Billion Financing Agreement
Terry Almozlino Arnon, Alon Wolner, and 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 over NIS 1.1 billion.
Barnea: Representing Phoenix Mortgages (Gold) Ltd. in Framework Agreement for Older Kibbutz Members
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. Hagit Ben Moshe, the head of our firm’s kibbutz sector practice, and Hani Shraier represented Phoenix.
Barnea: Representing Bash Gal Sport in Acquisition of Energym
Misha Gitterman and Omri Oren represented Bash Gal Sport of Movement – The Wellness Company, Israel’s leading wellness group, in the acquisition of Energym, a fitness equipment importer, for NIS 30 million
Dr. Zvi Gabbay Lectures at Association of Publicly Traded Companies’ Annual Economic Conference
Dr. Zvi Gabbay, head of the firm’s Capital Markets Department, was a guest speaker at the Association of Publicly Traded Companies’ annual economic conference. During his lecture, Zvi referred to the ruling in Inbar v. Ofir Naor (the liquidator of IDB Development Corp.) and to the lessons corporate counsel should take from the ruling with regard to providing legal representation to directors, especially those of a public company.
New Limitations on the Rehabilitation of an Insolvent 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.Idan Miller the manager of our firm’s insolvency and corporate recovery practice, presents the challenges of the new ruling in an op-ed for Globes.
Conference: ESG – What’s the Story?
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.
Barnea: Representing RGE in Hot’s Appeal to the Supreme Court over FREETV
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 Zohar Lande, Eran Winner, Ido Vakshi, and Lina Makhuli.
Negotiating Tenders – Podcast with Ronit Niederman
Ronit Niederman, a partner in our firm’s Tenders and Projects Department, was invited to be a guest on the Israeli Association of Corporate Counsel’s podcast “ACC On the Road.” An expert in the tenders field, Ronit discussed whether and how to conduct negotiations during tender procedures, the best way to anchor such negotiations in tender documents, and more.
Avishay Klein and Eyal Nachshon in TheMarker
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 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.
Doing Business in Israel: Lecture by Yuval Lazi
Today, we hosted a group of foreign entrepreneurs, who arrived in Israel as part of a delegation organized by the Ministry of Foreign Affairs. As part of the event, Yuval Lazi lectured on the legal challenges of doing business in Israel and how to get it right.
Bitcoin Rises: Dr. Zvi Gabbay Responds to BlackRock’s Extraordinary Move
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. Dr. Zvi Gabbay, head of the firm’s Capital Markets Department, explains the rationale behind BlackRock's move in an interview with Globes.
Representing a Billionaire in a Dispute with His Former Son-in-Law
A tumultuous seven-year family conflict ended with the issuance of a ruling by Israel’s Supreme Court. The Court ruled in our client’s favor that funds allocated by him for the benefit of his daughter and which were managed by his former son-in-law in various investments were meant to be held in trust and were not given as a gift, as the son-in-law claimed.
The Supreme Court ruled that a trustee will be appointed to manage the trust in accordance with its goals, that the former son-in-law must return the funds to the trust, and that the trustee shall be entitled to take any action necessary to recoup all of the trust’s assets, including the funds the son-in-law allegedly embezzled. In addition, the Supreme Court ordered the son-in-law to bear our client’s legal fees and expenses amounting to NIS 1.25 million.
Zohar Lande, Gal Livshits, Adi Shoham, Zohar Haim Levinger, and Liron Dahan provided representation in this matter.
Co-Hosting with Dueti a Meetup on the HR and Manager Relationship
Our firm co-hosted with Dueti a meetup for HR managers from a number of leading firms in Israel. 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.
Reading Financial Reports: Lecture on Legal Issues
Our firm is hosting the Israeli Association of Corporate Counsel’s course on how to read financial reports for in-house legal counsels. The duration of the course is eight sessions. In today’s session, Elad Reshtick lectured on company valuations, dividend distribution tests, pro-forma financial statements, and more.
Hosting a Delegation of Entrepreneurs from Mexico
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, Ariella Dreyfuss lectured on the legal aspects of doing business in Israel.
Class Actions Law: Eyal Nachshon Lectures on Israeli Association of Publicly Traded Companies Webinar
Eyal Nachshon, a partner in our firm’s Litigation Department, was invited to lecture on a webinar hosted by the Israeli Association of Publicly Traded Companies. Eyal discussed a recent case involving 70 simultaneous digital accessibility class action lawsuits. Also lecturing as part of the webinar were representatives from the Ministry of Justice and the Israel Securities Authority, who served as members on the committee examining the recently published amendment to Israel’s Class Action Law.
Azrieli Group to Sell Stake in Compass Data Centers for ILS 3.2 Billion
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.
Barnea: Eshkolot vs. Netflix
Globes’ new weekly column, “Three Legal Rulings in a Week,” chose to highlight the court’s ruling in a case handled by firm partner Eyal Nachshon. Eyal and his team are representing Eshkolot in the lawsuit it filed against Netflix.
Barnea: Hosting Conference on Tenders in Collaboration with ACC Israel
We hosted a conference on tenders at our office together with the ACC Israel. Ronit Niederman, a partner in the Tenders and Projects Department, discussed tender negotiation strategies. Gal Rozent, head of the Competition and Antitrust Department, spoke about the role of competition in tenders. Among the guest speakers at the conference was Joy Sturm, a partner from international firm Hogan Lovells, who participated in a panel with Shai Avnieli. They discussed how to submit tenders in the US. Another keynote speaker was Gal Somech, legal advisor to the Haifa Port, who addressed the port’s privatization process.