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ONE AZRIELI CENTER, ROUND BUILDING, TEL AVIV 670 1101, ISRAEL
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Work +972 3 607 4444
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Fax +972 3 607 4422
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Web:
www.gkh-law.com
Jerusalem, Tel Aviv, Tel Aviv 670

Israel

Banking and finance
Banking and finance - ranked: tier 2

Gross, Kleinhendler, Hodak, Halevy, Greenberg, Shenhav & Co.

Gross, Kleinhendler, Hodak, Halevy, Greenberg, Shenhav & Co. has notable experience handling banking regulation issues, especially in the context of complex corporate transactions in the banking sector. The team also handles ISDA agreements and derivative transactions for major domestic and international banks. Standout work has included Ofer Hanoh and Yigal Binyamini advising Dexia Credit Local on its separation from Dexia Israel Bank, and on its sale of control in the bank as part of the decentralisation process of the bank. Additionally, Hanoh provides a slew of regulatory advice to The Association of Banks in Israel, as well as UBS and UBS Israel. The team is also engaged by Israel's largest banks, a variety of institutional lenders, and multiple other industry associations.

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Capital markets
Capital markets - ranked: tier 1

Gross, Kleinhendler, Hodak, Halevy, Greenberg, Shenhav & Co.

Gross, Kleinhendler, Hodak, Halevy, Greenberg, Shenhav & Co. is regularly involved in capital markets deals with US components, and acts for both Israeli companies seeking to list in the US, and US companies seeking to list on the TASE. Moreover, the team has been involved in some of the largest and most innovative deals in the Israeli market. Of particular note, Adva Bitan and Yuval Eden advised US REIT CMCT on its NIS800m IPO on the TASE, which marked the first-ever preferred stock issuance in Israel. The team has also handled a TASE IPO for Globrands and is assisting Israel Post with the preparation of a prospectus for its planned IPO. Additionally, Gene Kleinhendler and Perry Wildes advised Sol-Gel Technologies on its IPO on Nasdaq. Acting for foreign and dual-listed clients, the department advised UIRC-GSA (BVI) on a NIS310m TASE bond issuance, and assisted RedHill Biopharma with its underwritten public offering on Nasdaq and TASE of American depository shares. Further, department head Aya Yoffe advised Azrieli Group on a NIS1.4bn bond series expansion following its 2017 NIS1.4bn issuance, and the team also assisted Mekorot with a NIS800m debt offering.

Leading individuals

Aya Yoffe - Gross, Kleinhendler, Hodak, Halevy, Greenberg, Shenhav & Co.

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

Gross, Kleinhendler, Hodak, Halevy, Greenberg, Shenhav & Co.

Gross, Kleinhendler, Hodak, Halevy, Greenberg, Shenhav & Co. is active in the tech sector and also has considerable experience in financial services, where it is regularly instructed by banks and company shareholders in complex M&A. In particular, Esther Koren provides a range of support to Israel Discount Bank, including acting for the client in a share transaction in which IDB Development Corporation sold its shares in Discount Investment Corporation to the controlling shareholder of Israel Discount Bank. Also in the financial services sector, a team including David Hodak and Eyal Diskin acted for a shareholder of Bank Hapoalim in relation to a NIS3.3bn sale of 49% of her holdings in the bank to an investment company and various institutional entities from North America. Richard Mann has expertise in international securities and cross-border M&A, and has been especially active in transactions in the tech sector.

Leading individuals

Richard Mann - Gross, Kleinhendler, Hodak, Halevy, Greenberg, Shenhav & Co.

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Dispute resolution: local litigation and arbitration
Dispute resolution: local litigation and arbitration - ranked: tier 5

Gross, Kleinhendler, Hodak, Halevy, Greenberg, Shenhav & Co.

Acting for domestic corporates in the energy, infrastructure, real estate, and tech sectors, Gross, Kleinhendler, Hodak, Halevy, Greenberg, Shenhav & Co. handles a variety of commercial litigation including disputes over service and distribution agreements, derivative claims and contractor disputes. Michael Ginsburg acted for East Jerusalem District Electric Company in relation to a High Court petition against Israel Electric Company's decision to disconnect electricity supply to the client due to a NIS1.7bn debt. Department head David Fohrer and Shai Erez assisted Supercom with a number of matters, including a dispute with 3M Corporation alleging unfair competition with regard to governmental tenders in Austria, Portugal, Belgium and Latvia. Additionally, Fohrer and Limor Levy are assisting a subsidiary of Amot Investments with its response to an administrative decision regarding a NIS1bn office development.

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Employment
Employment - ranked: tier 2

Gross, Kleinhendler, Hodak, Halevy, Greenberg, Shenhav & Co.

Gross, Kleinhendler, Hodak, Halevy, Greenberg, Shenhav & Co. has particular strengths in representing employers in collective negotiations and employees' attempts at unionisation. As an example, Yael Dolev represented Ariel University regarding an attempt at initial organisation by its administrative staff and the Histadrut; the team also represented the client in a court claim against the Histadrut regarding misconduct by the labour union throughout the organisation process. Dolev also acted for Gett in relation to a collective dispute, during which its employees attempted to unionise while the employer was in the process of dismissing the chairman of the employee action committee. In addition, Dolev acted for the Israel Postal Company in relation to an employee harassment claim, which was dismissed, and represented the Israel Airports Authority in an employment dispute alleging gender discrimination in a hiring process. Other key clients include Ashtrom Group, Amidar and Perrigo Israel.

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Energy and infrastructure
Energy and infrastructure - ranked: tier 2

Gross, Kleinhendler, Hodak, Halevy, Greenberg, Shenhav & Co.

The team at Gross, Kleinhendler, Hodak, Halevy, Greenberg, Shenhav & Co. was significantly strengthened in 2018 by its merger with Shenhav & Co, which brought to the firm a project finance team led by Tal Danon Shenhav. Danon Shenhav has acted for government-side clients in the execution of major transport infrastructure projects including the Cross Israel Highway and the Fast Lanes project. The existing energy and infrastructure group is headed by Anat Klein, who is most active in midstream and downstream energy mandates, where she acts for utility companies, corporate purchasers and power plants. Klein advised Dalia Power Plants on its first natural gas purchase agreement with Energean, and is acting for Tnuva in relation to the development of a power plant at its factory in Alon Tavor. Klein has also negotiated natural gas purchase agreements for clients such as Tapugan Industries and Cargal Group. Also of note, the team is acting for the State of Israel in relation to the tender process for the construction of a new hospital in Ashdod, which marks the first entirely new hospital in Israel in 40 years.

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Healthcare and life sciences
Healthcare and life sciences - ranked: tier 2

Gross, Kleinhendler, Hodak, Halevy, Greenberg, Shenhav & Co.

Gross, Kleinhendler, Hodak, Halevy, Greenberg, Shenhav & Co. advises venture capital investors and companies in the medtech, biotech and pharmaceuticals industries on corporate finance and investment mandates, licensing agreements, and other commercial development arrangements. Hili Cohen heads the department and has advised clients on licensing and collaboration agreements with universities and research centres. Also recommended is recently promoted partner Tami Fishman Jutkowitz, who assisted a pharmaceutical company with all the commercial agreements for the commencement of a phase of a clinical study. Further, the team has handled various finance transactions for companies including Orasis Pharmaceuticals, GI View and Kitov Pharmaceuticals, and also advises investors such as Korea Investment Partners and Quark Ventures.

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

Gross, Kleinhendler, Hodak, Halevy, Greenberg, Shenhav & Co.

Gross, Kleinhendler, Hodak, Halevy, Greenberg, Shenhav & Co. has 'a unique place in the Israeli tech industry' and fields 'top-notch professionals in securities, M&A, venture capital fund formation, and privacy'. It further strengthened its hi-tech capabilities in 2018 via its merger with Shenhav & Co, which brought to the team Ayal Shenhav, who has considerable experience acting for venture capital funds across the full range of formation and investment activities. Another key contact in the team is Amir Raz, whom clients single out for his 'tremendously valuable working relationships with funds, companies and other lawyers throughout the industry'. Raz assisted LendBuzz with a debt and equity financing transaction with a consortium of hedge funds and private equity funds, totalling over $62m. Also recommended is Richard Mann, who acted for InSightec in relation to a $150m Series E financing round, and also advised Nasdaq-listed B. Riley Financial on its $143m acquisition of magicJack VocalTec. Also recommended are Chen Manzur and Shmulik Atias.

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

Gross, Kleinhendler, Hodak, Halevy, Greenberg, Shenhav & Co.

Following its merger with Shenhav & Co, Gross, Kleinhendler, Hodak, Halevy, Greenberg, Shenhav & Co.'s investment funds practice is led by Ayal Shenhav, who, working in conjunction with the firm's tax and securities teams, is among the most active practitioners in the venture capital space, both in fund formations and investment activity. According to statistics from the ITA, the team handles formation and management mandates for roughly one third of Israel's venture capital funds. In particular, Shenhav was recently involved in the formations of State of Mind Ventures II, which is co-managed by Pinhas Buchris; two funds founded by former partners of Sequoia Capital, S-Capital and Cyberstarts; and TLV II, which is the second fund raised by the founders of TLV Partners. The team also represents two of the five finalists in a tender by the Israeli Securities Authority for the selection of four state-guaranteed hi-tech investment funds, which will each manage at least NIS400m. Another figure in the team is Amir Raz, who has been involved in the formation of a fund that is primarily backed by Chinese investors.

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Real estate and construction
Real estate and construction - ranked: tier 3

Gross, Kleinhendler, Hodak, Halevy, Greenberg, Shenhav & Co.

Gross, Kleinhendler, Hodak, Halevy, Greenberg, Shenhav & Co. acts for a number of Israel's major construction companies in relation to high-value residential and mixed-use projects. The key figure in the real estate department is Israel Aziel, who provides comprehensive support to Peretz Boney Hanagev, one of the country's largest construction companies. Aziel is advising the client on several projects, including a NIS600m residential development in Haifa and a NIS400m project in Rosh Ha'ayin. The team also acts for rights holders, which recently included assisting a group of landowners with the contractual arrangements for the construction of a residential project in Tel Aviv. Aziel is also regularly engaged by international corporates in relation to high-profile lease transactions. Other key clients include Zafrir & Zohar Sharbat Investments and Grofit Yesodot.

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Restructuring and insolvency
Restructuring and insolvency - ranked: tier 2

Gross, Kleinhendler, Hodak, Halevy, Greenberg, Shenhav & Co.

The team at Gross, Kleinhendler, Hodak, Halevy, Greenberg, Shenhav & Co. handles major debt restructuring mandates and stands out for what clients describe as 'service at the very peak of professionalism'. Jointly led by litigator David Fohrer and Aya Yoffe, who heads the capital markets group, the multidisciplinary practice group advised Alon Israel Oil Company on its restructuring of institutional bonds and bank debts, and served as lead counsel in the debt restructuring of Plaza Centers, a Dutch company listed in London, Warsaw and Tel Aviv. The team is also acting for Mekorot in relation to a restructuring process in which it will sell a majority stake of its desalination plant in Ashdod. Further, Fohrer acted for CHS, the largest creditor of several crop trading companies, in relation to an insolvency process, which culminated in a court-approved creditor arrangement.

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Tax
Tax - ranked: tier 3

Gross, Kleinhendler, Hodak, Halevy, Greenberg, Shenhav & Co.

Gross, Kleinhendler, Hodak, Halevy, Greenberg, Shenhav & Co. is applauded by international clients for its 'impressive' tax advice in cross-border M&A, corporate structuring and venture capital investment activity. The team advises Amazon on, among other things, the implementation of BEPS regulations in Israel, and has also advised on M&A transactions for clients such as Yahoo!. Elad Brauner in recognised for his 'responsiveness and constant availability'. In 2018, the department brought in a team from Shenhav & Co, which included tax specialists Moti Balilti and Oren Biran, the latter of whom now heads the tax practice. Biran has particular expertise in venture capital taxation and is engaged by investors such as Sequoia Capital Fund, Bessemer Venture Partners, TPY II Venture Capital, and Blumberg Capital. The team is also familiar with cryptocurrency taxation. Yaniv Erlich left the firm for a role in an investment management company.

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Further information on Gross, Kleinhendler, Hodak, Halevy, Greenberg, Shenhav & Co.

Please choose from this list to view details of what we say about Gross, Kleinhendler, Hodak, Halevy, Greenberg, Shenhav & Co. in other jurisdictions.

Israel

Offices in Tel Aviv 670, Jerusalem, and Tel Aviv

Legal Developments by:
Gross, Kleinhendler, Hodak, Halevy, Greenberg, Shenhav & Co.

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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  • Perhaps the QuadragaCX Story Will Have a Happy Ending

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  • Israel Chapter in The Virtual Currency Regulation Review

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  • Spring is coming for real estate registration in Israel

    Israel may be the ‚ÄúStart-up Nation‚ÄĚ and a world-renowned center of technological innovation, yet for many years the procedures and conduct of the Israeli Land Registry have been trapped in the past.
  • PLATFORMS FOR HIGH NET WORTH INVESTORS IN ISRAELI HIGH-TECH

    Israeli hi-tech and its sources of funding have grown and diversified tremendously since the bubble burst in 2001 and over the last decade since the height of the financial crisis in 2007-2008.
  • NONDISCRIMINATION IN 5G STANDARDS

    Nondiscrimination has been the neglected stepchild of the FRAND commitment. Patent owners participating in standards organizations typically commit to license their technology on ‚Äúfair, reasonable, and nondiscriminatory (‚ÄúFRAND‚ÄĚ) terms.‚ÄĚ
  • Crash Course on Non-Disclosure Agreements

    Non-disclosure agreements are a crucial, but often overlooked, tool in allowing startup companies to grow, build strategic partnerships and explore new business relationships necessary to develop their product or bring it to market. These agreements are often short (sometimes only a page or two) and lead many founders to forego legal advice to get past this "formality" and begin working with the other party to the NDA. Yet, NDAs are important agreements with potentially far-reaching implications for the protection of a company's confidential information and intellectual property, and mishandling of NDAs can come back to haunt a startup years later.
  • Advocates Eli Greenbaum and Ezra Gross of Yigal Arnon & Co. in The Lawyer Special Report editorial

    An interview-style piece in The Lawyer, Law in Israel: moving beyond tech, quoting Eli Greenbaum and Ezra Gross:
  • Publication of Adv. Adrian Daniel's Commentary in Private Banker International on GDPR & Blockchain

    Publication of Adv. Adrian Daniel's Commentary in Private Banker International on GDPR & Blockchain.
  • Article in MEA Markets on GDPR & Israeli Law

    GDPR & ISRAELI PRIVACY LAW - KEY DIFFERENCES Yoheved Novogroder-Shoshan & Miriam Friedmann of Yigal Arnon & Co. outline the key differences between GDPR & Israeli Privacy Law.  mea_markets_-_gdpr__israeli_law_-_key_differences_14.05.2018