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Gornitzky & Co.

45 ROTHSCHILD BLVD, TEL AVIV 6578403, ISRAEL
Tel:
Work +972 3 710 9191
Fax:
Fax +972 3 560 6555
Email:
Web:
www.gornitzky.com
Herzliya Pituach, Tel Aviv
Gornitzky & Co., Adv Daniel Paserman, Tel Aviv, ISRAEL

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Adv Daniel Paserman

Tel:
Work +972 3 7109191
Email:
Gornitzky & Co.

Work Department

Tax; Trusts, Estates & Private Wealth Management; Private Equity & Venture Capital; Mergers & Acquisitions; Banking & Finance; Corporate; Commercial; Litigation & Dispute Resolution; Executive Compensation & Employee Benefit Plans

Position

Partner.

Career

Adv. Daniel Paserman (CPA), heads Gornitzky & Co.’s tax and fund formation practices. Daniel also serves as the secretary of STEP Israel (Society of Trust and Estate Practitioners) and was a member of the firm's executive board in 2010-2012, rejoining the board in 2015. He frequently lectures at Israeli's finest academic institutions and major conventions, and regularly receives recognition from leading international legal guides for his expertise in multiple areas of practice. As leader of the firm's tax practice, Mr. Paserman is involved in intricate corporate and individual tax planning - both domestic and cross-border. Daniel is active in a wide range of complex tax rulings, reorganizations and tax assessments. His broad experience also includes negotiations vis-à-vis the Israel Tax Authority and the litigation of tax disputes before various judicial bodies. In addition, he specializes in taxation of trusts and estates and provides tax planning guidance for high net worth individuals. Daniel advises private clients in matters concerning family wealth planning and preservation. In this capacity, he has earned the trust of many high net worth individuals and families, who have adopted him as their advisor in all matters, including those that extend beyond the pertinent legal issues. Daniel also advises new immigrants and returning residents who are considering immigration to Israel with regard to the projected ramifications of such a move on their worldwide assets and business activities. Mr. Paserman leads the firm's fund formation practice and has advised private equity funds in a variety of transactions. Mr. Paserman also has extensive experience in worldwide M&A transactions and has represented some of the leading Israeli corporations in multi-million dollar transactions, both in Israel and abroad. Mr. Paserman is also known for his representation of financial institutions (banks, insurance companies, funds, financial advisors, etc.) with regard to various regulatory, corporate and tax aspects of their activities, including in the penetration of foreign financial institutions into the Israeli market and establishment of Israeli presence. Prior to joining Gornitzky Daniel served as a legal clerk to Honorable Judge Theodore Or, Deputy President of the Israeli Supreme Court, and worked at the tax department of Arthur Andersen Israel (today Ernst & Young).

Languages

Hebrew, English and Italian.

Member

2003, Israel Bar Association; 2002, CPA, Accounting Board, Ministry of Justice; Secretary of STEP Israel, Society of Trust and Estate Practitioners; Member of the Israel Bar Association Tax Committee; Member of the tax committee of the Institute of Certified Public Accountants in Israel (the Tel Aviv District).

Education

LL.M., Harvard Law School (2005); LL.B., magna cum laude, Tel Aviv University (2000); B.A. in Accounting, magna cum laude, Tel Aviv University (1999) - The Merit Scholarship for studies, Tel Aviv University, Accounting Department (1999).


Israel

Tax

Within: Leading individuals

Daniel Paserman - Gornitzky & Co.

Within: Tax

Gornitzky & Co. provides individual and corporate tax structuring, regulatory advice and transactional support, and is involved in many of the country's most prominent tax disputes. In particular, the Israeli Tax Authority (ITA) has become increasingly interested in chasing large foreign companies for tax liabilities in Israel and, as a result, the team advises major multinationals on ITA tax assessments spurred by certain actions by the OECD. Daniel Paserman and Pinhas Rubin represented Flying Cargo in connection with a claim by the ITA concerning the legal treatment of 'goodwill' within a transaction for accounting and taxation purposes; at the time of writing, this matter is pending a Supreme Court appeal. Paserman is also acting for an international energy group in litigation regarding issues of distributable profits. The department continues to grow in terms of personnel and breadth of service, having recently established a sub-group focused on high-net-worth individuals. Gil Grady and Shlomo Aviad Zider are additional contacts in the department.

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Legal Developments by:
Gornitzky & Co.

  • Taking a foreign company public in Israel has its unique challenges

    Any Initial Public Offering (IPO) can be challenging. In order to be successful, the IPO process requires organization, leadership, teamwork among the various players (the company, lawyers, accountants, underwriters etc.), hard work and creative thinking. When it comes to an IPO in Israel by a non-Israeli company, the importance of all of the above becomes acute. Understanding the unique challenges of floating a non-Israeli company in Israel can help ensure a more efficient process.
    - Gornitzky & Co

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