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Yigal Arnon & Co

Work +972 3 608 7777
Fax +972 3 608 7724
Jerusalem, Tel Aviv, Tel Aviv

Shiri Shaham

Work +972 3 608 7777
Yigal Arnon & Co

Work Department

Banking and Financial Services, Capital Markets, Commercial Law, Corporate Finance, Mergers and Acquisitions.


Shiri Shaham has extensive experience in a wide range of issues covering corporate, commercial, securities and banking law. Shiri has represented many clients in mergers and acquisitions, public securities and debt offerings as well as private placements and joint ventures. Shiri also represents domestic and international banks in complex banking and commercial matters and has advised leading international financial institutions such as ISDA and ICMA in Israel in regulatory matters as well as in relation to the use of various financial instruments under Israeli law. Shiri lectures at various leading domestic and international conferences in Israel on mergers and acquisitions, corporate governance and Israeli securities laws. Shiri joined the firm in 1992 and became a partner in 1998.


Shiri is fluent in Hebrew and English.


Shiri was admitted to the Israel Bar in 1991.


Shiri received her law degree magna cum laude from the Hebrew University of Jerusalem in 1990 and an LL.M first class from Cambridge University in 1992, where she was also nominated Pegasus Scholar.


Banking and finance

Within: Banking and finance

Acting for prolific lenders and borrowers, Yigal Arnon & Co is involved in significant project finance mandates, and also has strength across the full range of crypto and fintech issues. Simon Weintraub and Shiri Shaham advised HSBC Bank and JP Morgan as mandated lead arrangers of the term loan facility for the financing of the Leviathan gas field and continues to assist the facility agent and security trustee with ongoing amendments. Conversely, the team acted for The Jewish Agency, as borrower, in relation to a NIS600m loan provided by Harel Group for the development of an elderly housing project. Further, the team has advised international lenders, including Silicon Valley Bank Financial Group and UBS, on lending transactions and various regulatory matters. Another key figure in the team is Yuval Shalheveth, who has expertise in derivative transactions and fintech. The team also handles a range of contentious banking matters, including debt recovery and banking litigation.

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Capital markets

Within: Leading individuals

Shiri Shaham - Yigal Arnon & Co

Within: Capital markets

The team at Yigal Arnon & Co is 'always accessible' and 'absolutely committed to getting a deal done'. By some clients' measure, the firm's service across a wide range of securities matters is 'second to none'. The group has advised Israeli corporates on debt and equity issuances domestically and abroad, and also has experience acting for international banks in relation to global debt offerings. Of particular note, Simon Weintraub advised China International Capital Corporation Hong Kong and Jefferies Hong Kong, as joint underwriters, on the IPO of Sisram Medical on the Stock Exchange of Hong Kong (SEHK), making it the first Israeli company to list on the SEHK. Further, Weintraub and Shiri Shaham acted for JP Morgan Securities, CitiGroup Global Markets, and HSBC Securities, as lead underwriters, in relation to a $2bn private placement by Delek & Avner of senior secured notes to Israeli and foreign institutional investors. Another key figure is Daniel Marcovici, who has handled high-value domestic bond issuances for Nextcom Group, Ramot in the City, and Peninsula Group. Also recommended are Gil Oren and Assaf Mesica, who assisted Israel Natural Gas with its first listing for trading on the TASE.

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Energy and infrastructure

Within: Energy and infrastructure

Yigal Arnon & Co is engaged by government bodies, project companies and contractors, and international lenders in the financing and development of some of the largest energy and infrastructure projects in Israel. Among the most active government-side counsel, the team, which includes Doron Tamir, is acting for the Ministry of Finance, Ministry of Transportation and the Municipality of Jerusalem in relation to all aspects of the Jerusalem Light Rail network. In addition, Tamir and Oren Roth are advising NTA Metropolitan Mass Transit System on the tendering for the design and construction of the Light Rail Transit project in Tel Aviv. On the lender side, Shiri Shaham and Simon Weintraub acted for JP Morgan and HSBC in relation to the provision of a $1.75bn term loan to finance the development of the Leviathan gas field. The team also advised JP Morgan Securities, CitiGroup Global Markets and HSBC Securities USA, as underwriters, on a series of project bond issuances in connection with the Tamar gas field, with an aggregate value of $2bn. Also recommended are Micha Tollman and David Schapiro, who are advising a consortium led by Shapir Civil & Marine Engineering on the construction of a new port in Haifa. The government-focused group was further strengthened in 2019 by its merger with Weinstock-Zecler & Co, which brought Ayelet Simon-Vekslar to the practice group.

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