- What is the Corporate Counsel 100?
- How to nominate in-house counsel
- Top 100: Africa
- Top 100: Asia Pacific
- Top 100: Deutschland
- Top 100: Ireland
- Top 100: Latin America
- Top 100: Middle East
- Top 100: Russia
- Top 100: United Kingdom
- Top 100: United Kingdom - Rising Stars
- Top 100: United States
- Top 100: United States - Rising Stars
- How do the awards work?
- The Legal 500 United Kingdom Awards 2014
- The Legal 500 United States Awards 2014 - In-house winners
- The Legal 500 United States Awards 2014 - Law firm winners
- The Legal 500 Latin America Awards (coming soon)
- The Legal 500 Germany Awards (coming soon)
- Frequently asked questions
- Legal market overview
- Banking and finance
- Capital markets
- Corporate and M&A
- Dispute resolution
- Hi-tech, start-ups and venture capital
- Intellectual property
- Projects and energy
- Real estate and construction
- Shipping and transport
- Telecoms and media
- Bosnia and Herzegovina
- British Virgin Islands
- Burkina Faso
- Cape Verde
- Cayman Islands
- Costa Rica
- Czech Republic
- Dominican Republic
- El Salvador
- Faroe Islands
- Hong Kong
- Isle of Man
- Ivory Coast
- Latin America: International firms
- Netherlands Antilles
- New Zealand
- Papua New Guinea
- Saint Martin
- Sao Tome E Principe
- Saudi Arabia
- South Africa
- South Korea
- Sri Lanka
- St Barts
- St Vincent
- United Kingdom
- United Arab Emirates
- United States
Legal market overview
The Israeli legal market is highly competitive and dynamic: it is a jurisdiction with a very high number of lawyers per capita, and below its upper echelon of robust full-service firms, there is a bustling market of smaller firms and boutiques to which clients tend to be loyal. However, in recent years there have been signs that the market might be ready for change and in 2012 it was opened up to competition from foreign law firms. Although the number of foreign firms is small thus far, some are operating already: Greenberg Traurig P.A handles large corporate work on behalf of Israeli clients such as Teva and Berwin Leighton Paisner LLP also has a representative office in the jurisdiction. Chinese firm Yingke Law Firm’s recent merger with boutique offering Eyal Khayat Zolty, Neiger & Co. to create Yingke Israel – Eyal Khayat, Zolty, Neiger & Co., Law Offices might provide a possible template for foreign firms going forward.
2013 was also notable for two significant mergers among domestic law firms: in April, Shibolet & Co subsumed J. Zaltzman, Gilat, Knoller, Graus, Salomon Law Firm; and, in May, Pearl Cohen Zedek Latzer merged with Baratz & Co to form Pearl Cohen Zedek Latzer Baratz. Another notable development was highly regarded tax specialist Eldar Ben-Ruby and hi-tech specialist Alon Sahar both moving from Herzog Fox & Neeman to Meitar Liquornik Geva Leshem Tal Law offices.
In terms of industry sectors, the country’s powerhouse hi-tech industry remains a key driver; the demand for real estate has kept lawyers busy in that sector; and the energy market is booming as participants prepare to exploit oil and gas reserves such as the Tamar gas field. While capital markets activity has been relatively subdued in recent times, there are signs of revival. On the corporate front, 2013 witnessed some large transactions, perhaps most notably Google’s $1.15bn acquisition of Waze.
Search News and Articles
On December 23, 2013, the Israeli Knesset approved Amendment No. 23 to the Israeli Companies Law, 1999 (the " Amendment ", and the " Companies Law ", respectively). The Amendment is primarily concerning the establishment and governance of "Charitable Company Fund" (the " Fund "), which are companies established in order to finance and fund non-profit entities. Below is an overview of the main provisions of the Amendment:
A New Governmental Proposal to Significantly Narrow the Tax Benefits for New Immigrants and Returning Residents in Israel
On November 5, 2012 the Israeli Parliament (Knesset) adopted a proposal of the Israeli Ministry of Finance and passed legislation providing for a temporary tax relief with respect to the recapture tax applicable to certain Israeli companies holding undistributed earnings that were previously exempt from Israeli corporate income tax under tax incentive programs.
Environmental policy and regulation in Israel have developed significantly over the course of the past several years. After decades of what may be considered as regulatory standstill, Israeli environmental regulation has taken a tremendous leap forward. Numerous environmental matters, some of which were not previously regulated and others which were subject to outdated standards, have been revised and updated through new comprehensive statutes, innovative regulations and professional guidelines.
Welcome to the 4 th edition of Unfolding, which looks at some important developments in Israel in recent months. Much has happened in Israel since the last edition of Unfolding. The Israeli economy may be small in scale, but never in the level of its business activity.
Following on from the Government's decision to adopt the recommendations of the Committee for Increasing Competition in the Marketplace, the Government published last week a Memorandum on the Law for Promotion of Competition and Reduction in Concentration, 5772-2012. The Memorandum aims at providing a statutory framework for implementing the recommendations of the Committee.
Corporate and Securities Law
On February 27, 2012, the Agency Contract Law (Commercial Agent and Supplier), 5772-2012 (hereinafter: the “Law”) was published. The Law shall enter into force 60 days from the date of publication.
Is your business involved in international trade? If the answer to this question is a resounding “YES”, then it might well be time for your business to prepare and adopt a code of conduct that includes procedures to detect and prevent bribery of foreign government officials. The day is coming when not having such a code will be a bar to entering many different lucrative markets and will place you and your business in danger of breaking the law.
Kyiv, 11 August 2014 - Avellum Partners announced that it has acted as the Ukrainian legal counsel to Ferrexpo in connection with the following three export financing credits:
Avellum Partners announced that it has acted as the Ukrainian legal counsel to Ferrexpo in connection with the acquisition of an electrified railway of over two kilometers long and a power line.
Avellum Partners acted as the legal counsel to the owners of a leading Ukrainian FMCG producer in connection with its sale to a private investor.
KKR, a leading global investment firm, announced an investment in arago AG ("arago"). arago is a German-based high-tech company specialised in IT automation. KKR will acquire a minority stake in arago and support the global roll-out of arago's product portfolio with growth equity.
Funds Legal and Regulatory Update- Ogier
In early August 2014 „Popov & Partners" Law office was selected by the Ministry of Justice of the Republic of Bulgaria to perform public procurement named „Research and analysis of existing systems for enforcement in the EU Member States, research and exchange of the European good practices related to the construction of electronic system/portal for enforcement". The research is in the framework of „Effective and transparent enforcement, integrated with national and European electronic legal systems" implemented with the grant of the Operational Programme „Administrative Capacity", co-financed by the European Union through the European Social Fund.
In the middle of July 2014 "Popov and Partners" law office was awarded a public procurement, announced by the Ministry of Finance, with subject matter "Analysis of the structure of the Managing Authority of Operational Programme "Administrative Capacity" (OPAC) and development of an offer for structure of the Managing Authority of Operational Programme "Good Governance" (OPGG) in relation to the 2014-2020 programming period". The public procurement is part of a project for analysis of the structure of the Ministry of Finance and Operational Programme "Administrative Capacity" Directorate, realized with the financial support of Operational Programme "Administrative Capacity" (OPAC), co-funded by the European Union through the European Social Fund. The most fundamental aim of all project activities is to guarantee the effective execution of Operational Programme "Administrative Capacity" Directorate at the Ministry of Finance, in its capacity of Managing authority of the new Operational Programme "Good Governance" 2014 - 2020, which will replace Operational Programme "Administrative Capacity" and Operational Programme "Technical Assistance", implemented during the past programming period.
The international media company Bertelsmann is increasing its ownership of Gruner + Jahr to 100 percent by acquiring Jahr Holding's 25.1 percent shareholding. The transaction was agreed among Gruner + Jahr's shareholders. Bertelsmann's acquisition of the remaining shares in Gruner + Jahr will become effective on November 1, 2014. The purchase price is being paid in cash, and the parties have agreed not to disclose the amount.
Hengeler Mueller advises LEG Immobilien AG on acquisition of portfolio of around 9,600 residential uA subsidiary of LEG Immobilien AG ("LEG"), acting as the buyer, and Deutsche Annington Immobilien SE ("Deutsche Annington"), acting as the seller, yesterday signed an agreement for a portfolio transaction for around 9,600 residential units and related employees in North Rhine-Westphalia by way of share deal. The total transaction volume amounts to €484m. Following antitrust approval, the closing of the transaction is expected by the end of October 2014.