The Legal 500

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ELECTRA TOWER, 98 YIGAL ALON STREET, TEL AVIV 67891, ISRAEL
Tel:
Work +972 3 608 9850
Fax:
Fax +972 3 608 9909
Email:
Web:
https://www.goldfarb.com

Israel

Banking and finance
Banking and finance - ranked: tier 2

Goldfarb Seligman & Co.

Goldfarb Seligman & Co. acts for lenders and borrowers in relation to a variety of financing transactions and operational matters in the financial services sector, which often require considerable regulatory expertise. Ariel Rosenberg heads the banking department and has advised major international banks on high-value cross-border lending transactions. Further, the team is engaged by domestic banks and major institutional lenders in relation to project and acquisition finance mandates. Rosenberg also assisted a North American bank with the establishment of its operations in Israel. The team has also handled significant M&A and corporate finance mandates for clients in the banking and credit card industries. Also of note, Rosenberg is assisting a number of lenders with an analysis of factoring agreements following a Supreme Court decision. Rami Sofer and Dubi Zoltak are additional contacts in the team.

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Capital markets
Capital markets - ranked: tier 1

Goldfarb Seligman & Co.

Goldfarb Seligman & Co. has 'good knowledge of US and Israeli law' and makes 'a great intermediary between foreign clients and the Israeli market'. The team has acted on the issuer and underwriter side in connection with major foreign offerings; Aaron Lampert advised a consortium of international financial institutions on Energean Oil & Gas' IPO on the LSE, while Gabriel Hake has developed expertise in assisting Israeli companies seeking to list on the Australian Securities Exchange (ASX). The department has also become a popular choice among Nasdaq and NYSE-listed companies seeking to list securities on the TASE. In particular, Amir Tzafrir and Adam Klein have extensive experience advising US real estate companies on TASE listings, and have started acting for UK companies, which are increasingly interested in listing securities in Israel. Additionally, the group advises a litany of clients in the insurance, retail and automotive industries - among others - in relation to ongoing capital raising matters. Capital markets department head Nechama Brin is also recommended.

Leading individuals

Nechama Brin - Goldfarb Seligman & Co.

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

Goldfarb Seligman & Co.

Goldfarb Seligman & Co. has an impressive track record in major tech M&A, and is also involved in market-leading deals in the real estate, energy, and financial services sectors, among others. A key figure in the team is Ido Zemach, who acted for I Squared Capital in relation to its $1.5bn acquisition of IC Power, which owns energy assets in Latin America, Israel and the Caribbean. Additionally, Zemach acted as Israeli counsel to Mitsubishi Tanabe Pharma Corporation in relation to its $1.1bn acquisition of NeuroDerm. Also of note, Dubi Zoltak advised Arison Group on the NIS1.1bn sale of its controlling stake in Shikun & Binui Group to the Saidoff Group. The team has also acted for prominent private equity funds based in Asia and the US. Also recommended are Rami Sofer, Nechama Brin and Ashok Chandrasekhar.

Leading individuals

Ashok Chandrasekhar - Goldfarb Seligman & Co.

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Competition/antitrust
Competition/antitrust - ranked: tier 2

Goldfarb Seligman & Co.

With particular strengths in merger control and complex regulatory issues, Goldfarb Seligman & Co.'s antitrust department has been involved in many of the market's largest deals, especially within heavily regulated sectors such as banking and telecoms. The department is led by Boaz Golan, who is hailed as 'one of Israel's most knowledgeable antitrust lawyers'. In addition to handling merger filings for a litany of M&A transactions, many of which are valued at well over $1bn, Golan provides ongoing antitrust advice to Hot Group in connection with its service infrastructure joint venture with Partner Communications Company. Further, the team has represented clients in the financial services and retail sectors in various proceedings before the IAA, and is also involved in a follow-on class action arising from the international Libor scandal.

Leading individuals

Boaz Golan - Goldfarb Seligman & Co.

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

Goldfarb Seligman & Co.

Goldfarb Seligman & Co. is known for representing clients in the financial services and energy sectors in class actions involving consumer protection, securities, environmental claims and fiduciary duties. Hagit Blaiberg, Yehuda Rosenthal and Aaron Michaeli represented S. Shlomo Vehicle and Domicar in a class action that presented substantial financial consequences, but also raised issues concerning the very medium of class actions in Israel. Further, the team is acting for the directors of Ampal-American Israel in relation to a class action demanding the payment of an outstanding NIS2bn bond debt, and is also representing Delek Drilling Limited Partnership in a class action arising from its merger with Avner Oil Exploration. Other clients include Mifal Hapais - Israel National Lottery and Shufersal.

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

Goldfarb Seligman & Co.

The team at Goldfarb Seligman & Co. has recognised strengths in corruption and white-collar litigation and is engaged by market-leading tech, defence, and financial services companies in relation to especially sensitive disputes ranging from tax to investment management to libel. Additionally, Aaron Michaeli is acting for a group of directors of Discount Investment Corporation in a highly publicised derivative claim regarding the acquisition and subsequent sale of Maariv Holdings, and  Eli Zohar has been instructed by prominent public individuals and government figures in relation to high-profile corruption allegations. Other key figures include Zvi Bar-Nathan and Yoav Fruchtman, who have represented Shapir Civil and Marine Engineering in a wide variety of claims against various project initiators and municipalities. Also recommended are Hagit Blaiberg and Moshe Mazor, who heads the firm's white collar and administrative litigation group.

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Dispute resolution: mediation and international arbitration
Dispute resolution: mediation and international arbitration - ranked: tier 1

Goldfarb Seligman & Co.

Goldfarb Seligman & Co. has 'extensive experience representing heavyweight clients in international arbitration and mediation'. The firm brings together 'an impressive knowledge of international laws' and a 'strong focus on litigation' to 'achieve the best possible results for its clients'. Key figures in the department include Eli Zohar, Daphna Kapeliuk and Zvi Bar-Nathan, who is 'an outstanding arbitrator with a superb legal mind'; the three regularly handle disputes involving multinational infrastructure projects, cross-border service contracts, international trade and shareholder issues, taking place under arbitral rules including LCIA, ICC and UNCITRAL. The team is particularly active in international construction and infrastructure disputes, where it often represents clients in disputes with foreign governments, and is also increasingly involved in disputes between Israeli entities, as international arbitration becomes more attractive to Israeli companies.

Leading individuals

Daphna Kapeliuk - Goldfarb Seligman & Co.

Zvi Bar-Nathan - Goldfarb Seligman & Co.

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Employment
Employment - ranked: tier 2

Goldfarb Seligman & Co.

Goldfarb Seligman & Co.'s multidisciplinary labour and employment practice is 'very professional, very experienced and very responsive'. The team supports the firm's busy M&A group, which regularly handles high-value and often cross-border M&A and investment transactions involving large corporations with huge employee counts. In a recent matter, Revital Shprung-Levy advised Mitsubishi Tanabe Pharma on all the employee due diligence in relation to its acquisition of NeuroDerm, and also handled the subsequent drafting of new employee and incentive agreements. In the contentious space, the team is representing Dalia Power Energies and the Forum of Natural Gas Powered Independent Power Producers, on behalf of the external suppliers of the Israel Electric Corporation (IEC), in a widely publicised dispute with the IEC's workers' union, the National Secretariat of the Israel Electric Corporation Workers. The practice is jointly headed by Ofer Ravid and Orit Zilony-Klinman, who provide the full range of labour and employment advice to well-known international financial institutions, market-leading technology companies, a multinational media group, and a host of domestic employers.

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Energy and infrastructure
Energy and infrastructure - ranked: tier 1

Goldfarb Seligman & Co.

Acting for project companies, contractors and financiers, Goldfarb Seligman & Co. has 'extensive knowledge of commercial law and domestic regulations', and also has 'the international relationships needed to draw repeat work in mega infrastructure projects'. In the infrastructure space, Rami Sofer is acting for Ayalon Highways in relation to dozens of planned and ongoing projects. In just two examples, Sofer is advising on the NIS4bn Fast Lanes project aimed at reducing congestion through the use of shuttle transport, and is advising on the NIS3bn Rapid City project, which involves the creation of dedicated public transport routes with the cooperation of 17 different local municipalities. Another key figure in the team is Orit Farkash-Hacohen, who has expertise in commercial, financing and regulatory matters in the energy sector. Farkash-Hacohen advised Triple-R Energy on the sale to the Noy Fund of its shares in a pumped storage project in Kochav Hayarden. Additionally, on the lender side, Farkash-Hacohen advised an underwriting consortium including Morgan Stanley and Citibank on the IPO of Energean Oil & Gas on the LSE. The team is also acting for a major international contractor in relation to one of the country's most high-profile transport infrastructure projects.

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Healthcare and life sciences
Healthcare and life sciences - ranked: tier 1

Goldfarb Seligman & Co.

Goldfarb Seligman & Co. fields 'a large, devoted team' with 'highly experienced partners in the field of healthcare and life sciences'. The team handles big-ticket M&A, litigation and a huge range of commercial collaboration and licensing agreements for multinational and growth-stage medical device and pharmaceutical companies. In a standout matter, the team advised EarlySense on several licensing and distributions agreements with companies in the US, including a rights agreements with Option Quant, which has exclusive rights agreements with the University of Chicago. Sharon Gazit, who heads the technology department, advises Elekta on the regulatory aspects of its distribution throughout Israel, and Ido Zemach acted for Syqe Medical in relation to a collaboration agreement with Teva Pharmaceutical Industries concerning an inhaler delivery system for medical cannabis. The firm also has a highly regarded M&A team, which advised Mitsubishi Tanabe Pharma Corporation on its acquisition of NeuroDerm, which was the largest-ever acquisition of an Israeli healthcare company. Other key clients include BrainsGate, NanoCell, and The Israeli Medical Association.

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Hi-tech and start-ups
Hi-tech and start-ups - ranked: tier 1

Goldfarb Seligman & Co.

Goldfarb Seligman & Co. is well known in the Israeli tech space for its involvement in major cross-border investment and M&A transactions. The corporate and technology department is headed by Sharon Gazit, who has assisted multiple prominent Asian investment firms with inbound transactions involving Israeli growth companies. Additionally, Ashok Chandrasekhar  and Adam Klein acted for Marlin Equity Partners in relation to its acquisition of Israeli cybersecurity company TopSpin Security. Chandrasekhar is also assisting an international technology company with an acquisition in the cloud technology space. Another key figure in the corporate team is Aaron Lampert, who advised Plarium Global, a leading Israeli social gaming developer, on its $500m acquisition by ASX100-listed Aristocrat Leisure. Also of note, Dubi Zoltak is assisting a multinational with the establishment of an innovation centre. In addition to the firm's impressive transactional work, Gazit and Chandrasekhar provide ongoing advice to dozens of start-up companies in various stages of development.

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Insurance
Insurance - ranked: tier 2

Goldfarb Seligman & Co.

Goldfarb Seligman & Co. advises domestic insurers on a range of commercial issues and acts for insured companies in litigation concerning insured incidents. The group is also familiar with insurance sector regulations and assisted Libra Insurance Company with the approval process for its establishment as a new insurance company, making it the first-ever Israeli online insurance company and the first general independent insurance company to be established in Israel since 2008. Rami Sofer and Dubi Zoltak are key figures in the team, which provides comprehensive commercial and litigation advice to domestic and international insurers such as AIG, The Phoenix Insurance Company, and Harel Insurance Company.

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Intellectual property: commercial/transactions
Intellectual property: commercial/transactions - ranked: tier 3

Goldfarb Seligman & Co.

Goldfarb Seligman & Co. has strengths in M&A and investment transactions, particularly in the hi-tech sector, where the IP practice group has handled international licensing and collaboration agreements for clients in the life sciences and software industries, among others. Practice head Sharon Aloni handles all commercial IP matters for Celeno Communications, which has included multi-layer in-licensing and out-licensing transactions with well-known names in the semiconductor industry, such as Cisco Systems, Huawei and Comcast. Another key contact is Sharon Gazit, who heads the corporate and technology department; Gazit recently advised EarlySense on an in-licensing deal with US-based Option Quant, and has also assisted the client with development and service agreements with Samsung and Philips. Further, in support of the firm's corporate activity, the team has been involved in the IP aspects of some of Israel's very largest M&A transactions.

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Investment and venture capital funds
Investment and venture capital funds - ranked: tier 1

Goldfarb Seligman & Co.

Leveraging formidable strengths in hi-tech, corporate investment transactions and M&A, Goldfarb Seligman & Co. regularly advises venture capital, real estate, private equity and other funds on formation, fundraising and ensuing investment transactions. The team is particularly active in real estate funds, where recent work has included Ido Gonen acting for Menivim - The New REIT in relation to its establishment, fundraising and investment work. Further, the team has experience structuring hedge funds, funds of funds, and secondary funds, and also recently advised a group of major Israeli institutional investors on their investment into an infrastructure fund. In the hi-tech space, the firm advises venture capital investors on the full spectrum of activity from initial fund formation to portfolio investments. Ashok Chandrasekhar and Rami Sofer are regularly involved in investment work for private equity and venture capital funds, and Dubi Zoltak has particular expertise in international real estate investment mandates, particularly those with US aspects.

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Planning and zoning
Planning and zoning - ranked: tier 1

Goldfarb Seligman & Co.

With strengths in contentious and non-contentious planning matters and municipal taxation, Goldfarb Seligman & Co. is involved in planning and development mandates across a range of sectors, including energy, telecoms, urban renewals and transportation, among others. In a standout matter, joint practice heads Orna Verhovsky and Sagiv Hanin are advising Bayside Land Corporation on the the planning and licensing procedures associated with the Tozeret Ha'aretz commercial development at the Azrieli Junction in Tel Aviv. Additionally, Verhovsky and Hanin are advising Ayalon Highways, Cross Israel Highway, and NTA - Metropolitan Mass Transit System on the planning aspects of billions of shekels of transportation projects, and also represent the clients in planning disputes and expropriation matters. The team also acts for a number of Israel's largest retailers, including Shufershal, which the group represents in municipal taxation proceedings in over 95 different municipalities. In the urban renewal space, the department handles the planning aspects of numerous projects for Neve Gad, Electra Real Estate and Zemach Hammerman. Other key clients include Cellcom Israel and Dor Chemicals.

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Real estate and construction
Real estate and construction - ranked: tier 1

Goldfarb Seligman & Co.

Goldfarb Seligman & Co.'s position in the market was further strengthened by its absorption of a large real estate team from Berkman Wechsler Bloom & Co, which included Ari Wechsler. Weschsler is acting for a joint venture comprising Canada Israel Group and BSR Group in relation to the development of a 50-storey luxury tower in the Park Tzameret area in Tel Aviv. The new team joined an already strong practice group, which is jointly headed by Avi Arad and Levy Amitay. Amitay and Arad are advising Neve Gad on a litany of residential development projects with an aggregate value of over NIS5bn. The duo is also acting for Bayside Land Corporation in relation to a number of land, property and lease transactions, and has handled high-value investment mandates and large-scale land promotion matters for Azrieli Group. Additionally, the team is instructed by the third REIT fund in Israel, Menivim - The New REIT, and handles ongoing property matters, including corporate lease transactions, for some of the most widely recognised multinationals operating in Israel.

Leading individuals

Ari Wechsler - Goldfarb Seligman & Co.

Avi Arad - Goldfarb Seligman & Co.

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Real estate: urban renewal
Real estate: urban renewal - ranked: tier 1

Goldfarb Seligman & Co.

Goldfarb Seligman & Co. has 'extensive experience in all practice areas relevant to urban renewal projects' and has 'a deep understanding of the positions and goals of each party in a project negotiation'. A key figure in the team is Avi Arad, 'an exceptional lawyer with a wealth of experience in closing difficult deals'. Arad is acting for Neve Gad and NSA Renewal and Construction in relation to the tenant and planning approvals for the construction of 800 housing units in Rishon LeZion; he is also acting for the apartment owners in relation to a NIS8bn evacuate-rebuild project in Tel Aviv. Arad jointly heads the department with Levy Amitay; the duo is advising the developers on the planning and tenant approval process for the construction of 1,500 residential units in a large-scale evacuate-rebuild project in Tel Aviv. Also recommended is Gabi Drucker, who is acting for Gabay Group in relation to a 770-unit evacuate-rebuild project in Bat Yam.

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Tax
Tax - ranked: tier 1

Goldfarb Seligman & Co.

Goldfarb Seligman & Co.'s 'knowledge of Israeli and US tax laws is invaluable' for the department's corporate and high-net-worth client base and its 'most familiar relationships with the tax authorities' allow for 'a level of transparency in an otherwise overwhelming regulatory regime'. Given the firm's profile in Israel's M&A market - particularly the tech sector - the tax team has considerable experience handling the cross-border aspects of global multibillion-dollar corporate transactions, but also provides ongoing advice on disclosure, VAT issues, tax assessments, corporate structuring and tax disputes to many of the largest global technology companies operating in Israel. In the contentious space, Tal Atsmon is representing one of the world's largest beverage manufacturers in a tax dispute concerning certain payments with its domestic distributors; this case raises potentially systemic problems involving the taxation of the client's products across the globe. Also recommended is Yaron Sever, who, alongside Atsmon, handles remuneration matters for prominent Israeli corporates and advises individuals with a multi-jurisdictional financial presence on disclosure procedures in Israel.

Leading individuals

Tal Atsmon - Goldfarb Seligman & Co.

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Telecoms and media
Telecoms and media - ranked: tier 3

Goldfarb Seligman & Co.

Goldfarb Seligman & Co. has been engaged by telecoms operators, media groups and other corporates in relation to IP licensing, M&A and capital markets transactions. Having advised Hot Mobile on the establishment of PHI Networks - a joint venture formed by Hot Mobile and Partner Telecommunications - the team was retained by PHI Networks to handle day-to-day operation matters and antitrust issues. The team also advises a multinational media group on a range of commercial matters associated with its Israeli operations. Ashok Chandrasekhar heads the international corporate and securities department, and Boaz Golan heads the antitrust group.

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Transport
Transport - ranked: tier 3

Goldfarb Seligman & Co.

Goldfarb Seligman & Co. acts for domestic and international airlines in commercial and civil litigation, commercial transactions, and day-to-day operational mandates. In the contentious space, Zvi Bar-Nathan is representing multiple international air carriers in a claim and counter-claim regarding the companies' policy on remuneration for travel agents that sell tickets for the airlines. The team has also advised an aircraft manufacturer on a supply agreement with the Israeli government.

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Legal Developments in Israel

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
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