The Legal 500

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98 YIGAL ALON STREET, TEL AVIV 67891, ISRAEL
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Work +972 3 607 8607
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Fax +972 3 607 8666
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Web:
www.agmon-law.co.il
Jerusalem, Tel Aviv

Israel

Banking and finance
Banking and finance - ranked: tier 2

Agmon & Co. Rosenberg Hacohen & Co.

Agmon & Co. Rosenberg Hacohen & Co. provides its clients with service inspired by 'a deep understanding of financial regulations and a unique sensitivity to commercial issues'. In particular, department head Yona Goshen-Gottstein has been noted for her 'special combination of experience in banking regulation and finance transactions'. Goshen-Gottstein provides a range of banking advice to clients such as Harel Insurance Company, which she recently advised on the creation of a platform for ongoing syndication agreements with Dexia Israel Bank in relation to municipal loans of over NIS1bn. Also of note, the team is advising Ofek Capital Cooperative Association on the proposed establishment of the first cooperative bank in Israel. Goshen-Gottstein also advises Migdal Capital Markets and The Phoenix Insurance Company on ISDA agreements and various other financing matters. In the project finance space, the team advises borrowers and lenders in some of the market's most significant financing transactions in the oil and gas sector.

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Capital markets
Capital markets - ranked: tier 1

Agmon & Co. Rosenberg Hacohen & Co.

Agmon & Co. Rosenberg Hacohen & Co. is well known for capital markets and has handled a host of market-first transactions involving debt issuances by limited partnerships, public M&A, and contingent convertible bonds. The department is jointly headed by Uri Rosenberg and Shirel Guttman-Amira, who advised Tamar Petroleum on its 144A-compliant IPO, which was among the largest public offerings on the Tel Aviv Stock Exchange (TASE) in the past decade. Also of note, Ran Shalom advised Navitas Buckskin Financing on two bond issuances on the TASE to finance an interest in a large oil project in the Gulf of Mexico. Additionally, Shalom assisted Bank Leumi with parallel issuances of NIS1bn contingent convertible bonds and NIS1.3bn straight bonds. The department has also acted for global banks in relation to foreign offerings by Israeli corporates. Recently, the team acted for a consortium of international lenders in relation to a $600m 144A- and Regulation S-compliant private note offering by Israel Chemicals.

Leading individuals

Uri Rosenberg - Agmon & Co. Rosenberg Hacohen & Co.

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Commercial, corporate and M&A
Commercial, corporate and M&A - ranked: tier 3

Agmon & Co. Rosenberg Hacohen & Co.

Agmon & Co. Rosenberg Hacohen & Co. has recognised expertise in antitrust, securities and public company transactions, and is one of the leading firms in Israel's oil and gas market. In a standout deal, Ran Shalom advised Naphtha Israel Petroleum Corporation on the merger of its three public subsidiaries, which marked the second-ever merger of public partnerships in Israel (the team was also involved in the first-ever public partnership merger in 2017 between Avner and Delek Group). Shirel Guttman-Amira and Dan Hacohen assisted Delek Drilling with a spin-off of part of part of its Tamar gas field business; this deal saw the transfer of 9.3% of Delek's interest in the Tamar gas field to a newly formed company, Tamar Petroleum, and included a subsequent debt and equity financing. Outside of oil and gas, Uri Rosenberg advised Delek Automotive Systems on the NIS992m acquisition of a 70% stake in OCM Luxembourg. The team has also been involved in highly regulated deals in the banking sector.

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Competition/antitrust
Competition/antitrust - ranked: tier 1

Agmon & Co. Rosenberg Hacohen & Co.

Agmon & Co. Rosenberg Hacohen & Co.'s antitrust department is recognised by clients and peers as one of the leaders in the Israeli market. Headed by Zvi Agmon, the team regularly advises on complex regulatory procedures, high-stakes antitrust litigation, and merger control often involving heavily regulated industries. Agmon provides comprehensive antitrust advice to clients such as Delek Group, and recently assisted Bank Hapoalim with the formation of an antitrust compliance programme. In 2018, the department added to its antitrust prowess with the addition of Mattan Meridor, who rejoined after a short while operating as a sole practitioner due to certain conflicts of interest. Meridor is helping to represent Sonol in a public hearing before the Israel Antitrust Authority (IAA), and is also representing one of the world's most prominent tech companies in sensitive investigations before the IAA and legislative bodies. Further, the team has handled follow-on class action litigation in connection with a number of global cartels, including the international refrigeration compressor cartel. In the merger control space, the team assisted Frutarom with the merger filing for what was the largest Israeli M&A transaction in 2018.

Leading individuals

Zvi Agmon - Agmon & Co. Rosenberg Hacohen & Co.

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

Agmon & Co. Rosenberg Hacohen & Co.

Agmon & Co. Rosenberg Hacohen & Co. is involved in a range of class action litigation covering securities, antitrust, environmental damages and consumer protection. Of particular note, Zvi Agmon represents Noble Energy Mediterranean in a class action concerning the price of natural gas in Israel; this is potentially the largest class action ever filed in Israel. Agmon also represented Midroog in a securities class action regarding its rating of bonds by Israel Petrochemical Industries; this was among the first cases that questioned a credit agency's responsibility to the general public. Uri Sorek is representing Israel Chemicals in an environmental class action involving its operation in the Haifa Bay, and Yoav Hirsh, who has expertise in defending banks in class action suits, is engaged by Bank Hapoalim, Bank Leumi and Union Bank. Additionally, the team has notable strength in antitrust litigation, where it acts for clients such as Hitachi and LG Electronics in relation to follow-on class action claims. Other key clients include 012 Smile Telecom, Isracard and Sha'are Zedek Medical Center, all of which the team has represented in high-value consumer class actions.

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

Agmon & Co. Rosenberg Hacohen & Co.

Agmon & Co. Rosenberg Hacohen & Co. is a market leader in complex commercial litigation and high-profile derivative suits. In one particularly standout matter, the team represented Israel Corporation in a derivative claim concerning the company's investment into ZIM; this case involved the consideration of the business judgement rule defence, which was adopted into Israeli law from the US. Founding partner Zvi Agmon and Uri Sorek acted for IDB Holdings in relation to a special investigation arising out of the company's ongoing liquidation proceedings; this matter represented the first time that distribution tests came under judicial review in Israel. In the energy and infrastructure space, Yoav Hirsh is representing China Civil Engineering Construction Corporation, as plaintiff, in a claim involving the violation of a contract in relation to the high-profile Carmel Tunnel project, and Tal Mayshar is representing Delek Israel in multiple claims, including one considering the validity of contractual agreements between fuel companies and fuel stations. The team is also representing Malam Systems in a series of back and forth claims with the State of Israel, in addition to one arbitration proceeding, regarding delays in the launch of a significant information and computing system that it was contracted to build for the Israeli tax authorities. Dana Hen was promoted to partner.

Leading individuals

Zvi Agmon - Agmon & Co. Rosenberg Hacohen & Co.

Next generation lawyers: Dispute resolution: local litigation and arbitration

Dana Hen - Agmon & Co. Rosenberg Hacohen & Co.

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Energy and infrastructure
Energy and infrastructure - ranked: tier 1

Agmon & Co. Rosenberg Hacohen & Co.

Specialising in the energy sector, Agmon & Co. Rosenberg Hacohen & Co. has 'in-depth legal knowledge', which it pairs with 'a practical understanding of how the legal framework factors into a client's day to day'. Led by Dan Hacohen, the team has particular expertise in financing transactions in the energy sector. Of particular note, Hacohen is acting for the two consortiums operating the Tamar and Leviathan natural gas fields - Israel's two largest natural gas reserves; he advises the consortiums, which include names such as Noble Energy and Delek Drilling, on all of their financing and domestic and international gas sales agreements. In one matter, Hacohen and Uri Rosenberg advised Delek Drilling on a transaction led by JP Morgan and HSBC for a limited recourse financing, which was backed by the company's interest in the Leviathan gas field; at roughly $2bn, this is the largest such financing ever completed in Israel. As a complement to its energy-sector expertise, the firm has considerable strength in securities law and capital markets transactions. As an example, Ran Shalom advised Navitas Buckskin Financing, a financing entity for the Buckskin oil project in the Gulf of Mexico, on two series of project bonds, which raised a total of NIS720m. Eddie Ashkenazi is also recommended.

Leading individuals

Dan Hacohen - Agmon & Co. Rosenberg Hacohen & Co.

Next generation lawyers: Energy and infrastructure

Eddie Ashkenazi - Agmon & Co. Rosenberg Hacohen & Co.

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Planning and zoning
Planning and zoning - ranked: tier 1

Agmon & Co. Rosenberg Hacohen & Co.

Agmon & Co. Rosenberg Hacohen & Co. runs a 'knowledgeable and responsive' zoning team, which advises corporates, investors, developers, and local authorities and government entities on contentious and non-contentious planning mandates. Jointly led by Eyal Mamo in Tel Aviv and Avi Porten in Jerusalem, the department is involved in projects across a wide range of industries, but is particularly active in luxury residential and hotel projects and urban renewals. Porten and Kira Lerner are representing JTLV Investment in planning procedures concerning the NIS2bn Atarim Square project in Tel Aviv. In Jerusalem, Porten is advising a family investor on the NIS1bn development of a mixed residential and commercial space at the entrance of the city. Moreover, the group is representing Energix Group in a Supreme Court appeal concerning the zoning plan for a wind project in Northern Israel. The team also provides comprehensive planning advice to several municipalities and local authorities, including Holon Municipality, Modi'in Planning and Construction Committee, and Mateh Yehuda Regional Council.

Leading individuals

Avi Porten - Agmon & Co. Rosenberg Hacohen & Co.

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Real estate and construction
Real estate and construction - ranked: tier 2

Agmon & Co. Rosenberg Hacohen & Co.

Proving 'service at the highest level of professionalism', Agmon & Co. Rosenberg Hacohen & Co. 'instils in its clients a sense of calm and confidence' across each stage of a project. The team is jointly led by Eyal Mamo and Avi Porten, who are based in Tel Aviv and Jerusalem, respectively. Mamo is acting for The Caesarea Corporation in relation to the plot sales and contracting tenders for a residential development in Or Akiva, which will bring more than 3,500 new apartments. Further, Porten advised Machane Yehuda Kiah Real Estate on its acquisition of rights in a large complex in Jerusalem, which includes planned residential and commercial developments across 15,000 sqm. Porten is also advising Four Seasons Hotels and Resorts on the promotion of a large hotel and luxury residential project in Jerusalem. Also recommended is Israel Attar, who is advising Vaad Mishtaknei Ahisamach on the development of a 1,500-unit residential development in the city of Lod.

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

Agmon & Co. Rosenberg Hacohen & Co.

Agmon & Co. Rosenberg Hacohen & Co. is 'one of the most client-friendly teams in Israel', according to one source, and its 'professionalism and dedication have proved invaluable to getting a deal closed'. Acting for landowners and entrepreneurs, practice head Ishai Itsikovich is singled out for his 'remarkable attentiveness' and his ability to 'come to grips with the client's goals'. On the apartment owner side, Itsikovich is involved in a number of TAMA 38 and evacuate-rebuild projects totalling over 3,000 residential units. Conversely, Itsikovich is advising real estate developer clients on over 30 urban renewal projects for the construction of nearly 4,500 new residential units in cities across Israel. Also of note, the firm has complementary expertise in planning and zoning, which is led by Avi Porten. In one matter, Porten and Itsikovich are advising New Hope Neve Eliyahu on an evacuate-rebuild project for the demolition of 250 residential units and the subsequent construction of 1,400 new residential units. The team has also advised the Israel Builders Association on regulatory changes affecting the urban renewal market, particularly with regards to the promotion of apartment owners' rights. Other key developer clients include ETOS - Urban Planning & Environmental Services, Amidar, and Cnaan Group.

Leading individuals

Ishai Itsikovich - Agmon & Co. Rosenberg Hacohen & Co.

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