The Legal 500

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Israel

Banking and finance
Banking and finance - ranked: tier 3

Erdinast, Ben Nathan, Toledano & Co.

Erdinast, Ben Nathan, Toledano & Co. has a significant borrower practice, where it acts for a number of major corporates and global investment funds, including Netafim, Lumenis and XIO Group. Doni Toledano and Dan Sella have assisted XIO Group with multiple high-value refinancing transactions of late, while on the lender's side, the team advised Mizrahi-Tefahot Bank and Menora-Mivtachim Insurance on the provision of an €80m loan to Polymer Logistics to finance the company's expansion into new US and European markets. Further, the team has been engaged by international banks and prominent Israeli investors such as Psagot Investment House.

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Commercial, corporate and M&A
Commercial, corporate and M&A - ranked: tier 1

Erdinast, Ben Nathan, Toledano & Co.

Noted for its 'international reach and high-level market connections', Erdinast, Ben Nathan, Toledano & Co. has been consistently involved in the largest M&A and investment transactions in the Israeli market. Headed by Doni Toledano, who is highly regarded by clients and peers, the team acts across a range of industry sectors and is equally strong in public company M&A and private capital transactions. Toledano and Nitzan Aberbach advised Netafim and its majority shareholder, Permira, on the sale of an 80% stake in Netafim to Mexichem. Additionally, Toledano and Lior Oren acted for Sirius International Insurance Group in relation to its NIS2.5bn acquisition of a controlling stake in The Phoenix Holdings, the parent company of one of Israel's largest insurance corporations. Also in the financial services sector, the team is advising Mizrahi Tefahot Bank on its contemplated M&A with Union Bank of Israel. Roy Caner is a key figure in the hi-tech space, where he acts for Israeli companies and venture capital investors.

Leading individuals

Doni Toledano - Erdinast, Ben Nathan, Toledano & Co.

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Competition/antitrust
Competition/antitrust - ranked: tier 2

Erdinast, Ben Nathan, Toledano & Co.

With an enviable client base that includes companies in highly regulated sectors such as financial services and telecoms, Erdinast, Ben Nathan, Toledano & Co. is regularly involved in complex antitrust litigation and merger control mandates. Demonstrating the department's comprehensive capabilities, Michal Rothschild is representing yes, one of Israel's leading telecoms companies, in multiple cases before the IAA concerning licensing rights and royalties, and is also assisting the company with various obligations arising from its status as a concentrated entity under the Anti-Concentration Law. Acting alongside the litigation group, Rothschild is also acting for Nesher Israel Cement Enterprises in relation to a class action for abuse of dominant position; this is one of the largest class actions ever filed in Israel. Moreover, the team has handled merger control for clients including Bank Mizrahi-Tefahot, Israel Aerospace Industries, TMF Media, Yehshoua/TBWA, and Gitam BBDO.

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Dispute resolution: class actions
Dispute resolution: class actions - ranked: tier 1

Erdinast, Ben Nathan, Toledano & Co.

Erdinast, Ben Nathan, Toledano & Co. combines 'tonnes of experience and extensive market knowledge' in representing major Israeli corporates and domestic subsidiaries of international companies in complex and high-volume class action litigation. 'A formidable litigator', department head Giora Erdinast represented Apex Issuances in a class action filed against it concerning its role as underwriter for a Canadian company's IPO. In addition, Erdinast acted for PwC Israel in relation to a securities class action filed against Clal Biotechnology Industries. Also of note, Ran Sprinzak and Hadas Bekel represented a cooperative society in a class action alleging discrimination of minority right holders; in a standout decision, the team managed to have the claim dismissed by the same judge who originally approved the class action. In the consumer protection space, the department handles a slew of class actions for clients including yes, Sonol Israel, Bezeq and Mey Eden Bar - First Class Service.

Leading individuals

Giora Erdinast - Erdinast, Ben Nathan, Toledano & Co.

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Dispute resolution: local litigation and arbitration
Dispute resolution: local litigation and arbitration - ranked: tier 2

Erdinast, Ben Nathan, Toledano & Co.

Erdinast, Ben Nathan, Toledano & Co., sought after for particularly complex litigation, is hailed for its 'meticulous fact-checking and impenetrable legal reasoning'; the team is 'always fully prepared and completely dedicated to winning a case'. The department is led by Giora Erdinast, who is a 'master orator, a skilful cross-examiner, and an overall formidable litigator'. Erdinast is representing Moti Ben Moshe, one of two controlling shareholders of IDB, in arbitration concerning control of the company; Erdinast's team filed a claim for over NIS1bn, which was answered by the defendant with a counterclaim for NIS1.5bn. Another 'brilliant litigator', Ran Sprinzak, successfully represented Israel Aerospace Industries in a novel derivative claim, which recently ended with an appeal that was denied at the Supreme Court. Additionally, Tomer Weissman is acting for the directors and CEO of Better Place Israel in a matter concerning their liability in the insolvency and liquidation of the company. The team is also representing Caesarstone in a particularly complex claim by Microgil concerning a loss of profits, and a counter-claim alleging the disruption of a planned IPO.

Leading individuals

Giora Erdinast - Erdinast, Ben Nathan, Toledano & Co.

Next Generation Partners: Dispute resolution: local litigation and arbitration

Tomer Weissman - Erdinast, Ben Nathan, Toledano & Co.

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Employment
Employment - ranked: tier 2

Erdinast, Ben Nathan, Toledano & Co.

Erdinast, Ben Nathan, Toledano & Co. has expertise in employment litigation, where it acts for large Israeli employers in civil litigation and class action disputes covering issues such as employee discrimination and termination, remuneration, and various other employee rights claims. In one matter, litigation head Giora Erdinast and labour law specialist Miriam Kleinberger-Attar represented Amitim in a dispute regarding a pension fund's obligation to provide an employee with disability payments despite certain internal policies. The duo also represented Shikun & Binui in class action litigation involving the allocation of monies accumulated in mutual assistance funds. In addition, Kleinberger-Attar acted for Bituach Yashir in relation to a motion to approve a class action concerning certain kinds of employees' entitlement to overtime wages. Moreover, the team has handled a variety of employment litigation for clients such as Nice and Beeper Communications Israel, and also provides ongoing labour law advice to yes.

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Energy and infrastructure
Energy and infrastructure - ranked: tier 2

Erdinast, Ben Nathan, Toledano & Co.

Erdinast, Ben Nathan, Toledano & Co. provides 'one-of-a-kind service for companies in the renewable energy sector', where it showcases 'exceptional knowledge of the regulatory and commercial aspects of the market'. Department head Uri Noy is advising BrightSource Energy, as EPC contractor, on a contract for the finance, design, construction and operation of a 120MW solar power plant in Ashalim, and has also assisted OPC Solar with the development of a number of PV projects throughout Israel. Also of note, Noy assisted US-based Invenergy with its entry into the Israeli commercial energy market, which has seen the team involved in the development of several large-scale PV projects, thermal power plants, and desalination facilities. In the transport infrastructure space, Noy is acting for CAF Investment Projects in relation to its participation in a bidding consortium for the construction, operation and maintenance of the Green Line of the Jerusalem Light Rail.

Leading individuals

Uri Noy - Erdinast, Ben Nathan, Toledano & Co.

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Hi-tech and start-ups
Hi-tech and start-ups - ranked: tier 2

Erdinast, Ben Nathan, Toledano & Co.

Erdinast, Ben Nathan, Toledano & Co. is 'a great firm for complex transactions that pull in different practice areas and jurisdictions'. With a wealth of experience in cross-border investment and M&A deals, the firm's 'primary strength is perhaps its international reach'. Doni Toledano and hi-tech practice head Roy Caner acted for an Israeli company with portfolio companies in a number of global jurisdictions in relation to a share transaction with a US private equity fund. Another contact in the team is Shay Dayan, who acted for Arbe Robotics in relation to multiple early stage financing rounds with active venture capital investors, including Canaan Partners, iAngels, and OG Tech Ventures. The team also has expertise in advising Israeli R&D subsidiaries of international companies on transactions and ongoing operations in Israel. Lior Oren and Viva Gayer are also recommended.

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Real estate and construction
Real estate and construction - ranked: tier 4

Erdinast, Ben Nathan, Toledano & Co.

Erdinast, Ben Nathan, Toledano & Co.'s real estate team has experience in commercial and residential investment and development mandates, and is often involved in the firm's consistently large and complex M&A transactions. Department head Roy Harash assisted Solel Boneh Infrastructure with a carve-out of several real estate assets in connection with its acquisition of Menorah Izu Aharon. In the corporate occupier space, Harash advised OPSI International Handling on a long-term lease agreement for a 13,000-sqm logistics facility in Modi'in. Additionally, the team is advising Asdan Israel with the housing sales associated with a residential development project in Jerusalem, and is acting for an international luxury hotel operator in relation to the development of a large-scale project in Tel Aviv. The team also advises domestic banks on ongoing property sales and financing transactions.

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Restructuring and insolvency
Restructuring and insolvency - ranked: tier 2

Erdinast, Ben Nathan, Toledano & Co.

Erdinast, Ben Nathan, Toledano & Co. has 'really extensive knowledge of Israeli insolvency proceedings'. The group is 'especially experienced in dealing with issues affecting bondholders' but also has experience acting for the purchasers of distressed corporates. Raanan Kalir and Alon Binyamini advised Extra Development and Entrepreneurship on the acquisition of Africa Israel Investments, and advised Blue Square Israel on acquisition of control in Africa Israel Properties; both acquisitions were part of creditor arrangements between Africa Israel Investments and its bondholders. Further, Kalir was appointed by the District Court of Tel Aviv as the liquidator of BSR Europe, which has several subsidiaries throughout Europe. Additionally, Kalir was engaged by the creditors of Malrag in relation to the company's insolvency proceedings; this case led to a precedential ruling wherein the company's directors were ordered to compensate the creditors for dividends that were found to be unlawfully distributed.

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Telecoms and media
Telecoms and media - ranked: tier 1

Erdinast, Ben Nathan, Toledano & Co.

With strengths across the full range of contentious, regulatory and commercial matters in the telecoms and media sectors, Erdinast, Ben Nathan, Toledano & Co. provides 'a level of service that makes each client feel as though they're the only one'. Headed by Modi Sherpsky, the team advises yes, the Israeli satellite TV provider, on all legal and regulatory aspects of its business, including data protection and privacy and representation before the Knesset and the Council for Cable and Satellite Broadcasting. Of particular note, Sherpsky is acting for yes in relation to its establishment of its internet-based streaming service, STINGTV. In the contentious space, Giora Erdinast is representing Partner Communications Company in a High Court claim against the Ministry of Communications concerning its policy toward Golan Communications' failure to establish independent network infrastructure. Erdinast is also defending Bezeq in a high-value claim filed by Cellcom Communications regarding interconnect charges between the companies. The team also handles M&A and antitrust mandates for media and telecoms companies, which recently included advising TMF, Yehshoua and Gitam on a high-profile merger that would create the second-largest media purchaser in Israel.

Next Generation Partners: Telecoms and media

Modi Sherpsky - Erdinast, Ben Nathan, Toledano & Co.

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Further information on Erdinast, Ben Nathan, Toledano & Co.

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Israel

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