The Legal 500

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Work +972 3 607 5000
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Web:
www.tslaw.co.il
Jerusalem, Tel Aviv

Israel

Commercial, corporate and M&A
Commercial, corporate and M&A - ranked: tier 2

Tulchinsky Stern Marciano Cohen Levitski & Co.

Tulchinsky Stern Marciano Cohen Levitski & Co. is perhaps most active in the hi-tech and healthcare industries, where it acts for domestic and multinational corporates and company shareholders in cross-border M&A and investment deals. David Cohen led the group's flagship transaction in 2018, advising Nasdaq-listed Orbotech on its $3.4bn by KLA - Tencor, which was completed by way of reverse triangular merger. Further, the team acted for US venture capital firm Benchmark in the $350m sale of Gigya to German software giant SAP. Other key figures in the department include Doron Stern and Alon Tabak-Aviram, both of whom are active in tech transactions. Daniel Chinn left the firm for AYR – Amar Reiter Jeanne Shochatovitch & Co.

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Dispute resolution: local litigation and arbitration
Dispute resolution: local litigation and arbitration - ranked: tier 4

Tulchinsky Stern Marciano Cohen Levitski & Co.

Tulchinsky Stern Marciano Cohen Levitski & Co. provides ongoing legal support to some of Israel's largest corporates, and accordingly is involved in a wide range of commercial and administrative litigation. An example of the department's high-profile domestic clients is The Caesarea Edmond Benjamin de Rothschild Foundation, which the team regularly assists with issues including land expropriation. In addition, Amir Levitski is representing IBM Israel in a claim against a large Israeli food company regarding payments in connection with a computing project. Also recommended is Doron Stern, who has recently been involved in matters including a derivative action, the termination of a distribution agreement, and an unjust enrichment claim. Also of note, Assaf Benmelech is acting for an orthodox rabbi in relation to a claim asserting that only state-managed organisations can legally issue kosher certifications. Isaac Marciano is another key figure.

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Employment
Employment - ranked: tier 3

Tulchinsky Stern Marciano Cohen Levitski & Co.

'From hire to fire', Tulchinsky Stern Marciano Cohen Levitski & Co. has 'a very professional team' that is 'well equipped to advise on all day-to-day employment issues'. Led by Michal Markovitz-Blachar, the team advises the firm's strong corporate client base on issues such as HR management, company recruitment, employment agreements, and employment disputes. The Caesarea Edmond Benjamin de Rothschild Corporation, Teva, Jerusalem Venture Partners, and Kramer Electronics are among the team's clients. Markovitz-Blachar also has experience handling the employment aspects of multibillion-dollar cross-border M&A.

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

Tulchinsky Stern Marciano Cohen Levitski & Co.

Tulchinsky Stern Marciano Cohen Levitski & Co. acts for some of Israel's more promising med-tech, biotech and life sciences technology companies in significant commercial agreements and corporate matters; however, the firm's sector-expertise extends beyond the hi-tech space. Led by Menachem Tulchinsky, the department acts for one of Israel's largest healthcare logistics companies in relation to the distribution of pharmaceutical products and medical devices in cooperation with many of the world's largest multinational healthcare companies. Tulchinsky has also managed a significant regulatory approval for Nextar with regards to various R&D activities. In terms of product development and clinical trials, the team has experience drafting license, cooperation and clinical trial agreements with prestigious academic and research institutions in Israel, the US and Europe, including Johns Hopkins, UCLA, Charite Universitätsmedizin Berlin, and Università degli Studi of Rome. Additionally, the firm recently began advising The National Institute for Biotechnology in the Negev on its licensing and collaboration activities.

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Hi-tech and start-ups
Hi-tech and start-ups - ranked: tier 3

Tulchinsky Stern Marciano Cohen Levitski & Co.

Tulchinsky Stern Marciano Cohen Levitski & Co. is engaged by several very promising start-up companies and has been involved in a number of significant transactions in 2017-2018. Of particular note, the team acted for Lemonade in a $120m investment round, which was led by SoftBank and was one of Israel's largest investment rounds of the year. Additionally, Alon Tabak-Aviram acted for NextNine in relation to its $40m acquisition by an affiliate of Honeywell. Other start-up clients include Nexar, Optimove, and Mobile ODT. Moreover, the team has experience advising mature technology companies on acquisitions in Israel. In this context, the group acted for ADVA Optical Networking in relation to its $60m acquisition of MRV Communications. Major investor clients include Jerusalem Venture Partners and Aleph VC. David Cohen and Uriel Barak are additional contacts. Daniel Chinn left the firm for AYR – Amar Reiter Jeanne Shochatovitch & Co in 2019.

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Investment and venture capital funds
Investment and venture capital funds - ranked: tier 3

Tulchinsky Stern Marciano Cohen Levitski & Co.

Through its active hi-tech and healthcare-focused corporate practice, Tulchinsky Stern Marciano Cohen Levitski & Co. advises a number of venture capital funds on portfolio investment activity, and also handles fund formation for some prominent venture capital firms. In one example, the team is advising Jerusalem Venture Partners on a wide range of fund structuring, formation and taxation issues. Similarly, Doron Stern and Ofer Dolinsky have assisted Sanara Ventures, a joint venture comprising Teva and Philips Healthcare, with fund formations as well as ongoing investment activity. Daniel Chinn left for AYR – Amar Reiter Jeanne Shochatovitch & Co in 2019.

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Tax
Tax - ranked: tier 3

Tulchinsky Stern Marciano Cohen Levitski & Co.

Clients of Tulchinsky Stern Marciano Cohen Levitski & Co. consider the legal team to be 'an integral part of their internal team'. The team counsels clients such as Teva Pharmaceutical Industries and Jerusalem Venture Partners on all aspects of contentious and non-contentious tax. The key contact in the tax team is Isaac Marciano, who handles the tax aspects multibillion-dollar cross-border M&A and has been involved in tax disputes worth billions of shekels. Also recommended is senior associate Elad Mirvis, who has experience in tax litigation. Other key clients include The Caesarea Edmond Benjamin de Rothschild Foundation and Orbotech.

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Further information on Tulchinsky Stern Marciano Cohen Levitski & Co.

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Israel

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Legal Developments in Israel

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