The Legal 500

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ASIA HOUSE, 4 WEIZMANN STREET, TEL AVIV 6423904, ISRAEL
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Work +972 3 692 2020
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Fax +972 3 696 6464
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Web:
www.hfn.co.il

Israel

Banking and finance
Banking and finance - ranked: tier 1

Herzog Fox & Neeman

Herzog Fox & Neeman’s banking team focuses on three core areas: debt finance, financial services regulation, and derivatives and structured products. Alan Sacks manages certain loan arrangements for international investment banks; Natalie Jacobs advises foreign and domestic lenders on ISDA agreements and derivatives; Irit Roth provides domestic regulatory advice to clients such as Citibank and JP Morgan; andMark Phillips handles project finance.

Leading individuals

Alan Sacks - Herzog Fox & Neeman

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Capital markets
Capital markets - ranked: tier 1

Herzog Fox & Neeman

By some clients’ measure, Herzog Fox & Neeman is ‘the best team available for complex capital markets transactions’. Acting for issuers and underwriters, the group has expertise in complex equity-driven M&A and capital markets regulation. Ehud Sol and Ilanit Landesman Yogev advised a consortium of international and domestic underwriters on three debt offerings by Teva totalling $22bn.

Leading individuals

Ehud Sol - Herzog Fox & Neeman

Ilanit Landesman Yogev - Herzog Fox & Neeman

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

Herzog Fox & Neeman

Clients rate the service at Herzog Fox & Neeman as being ‘among the highest quality by global standards’. The firm is increasingly active in outbound investment work, but continues to advise clients such as Fosun Capital and Wipro Enterprises on acquisitions in Israel. Ehud Sol and Ilanit Landesman Yogev acted for Meitav Dash Investments in a unique reverse triangular merger transaction with XIO Fund. Ran Hai is highly recommended, alongside Hanan Haviv.

Leading individuals

Hanan Haviv - Herzog Fox & Neeman

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Competition/antitrust
Competition/antitrust - ranked: tier 2

Herzog Fox & Neeman

Herzog Fox & Neeman has experience in headline antitrust litigation and handles the Israeli antitrust aspects of global M&A deals. Talya Solomon represented officers of the Ashdod Port before the IAA and Antitrust Tribunal in a case to impose the first-ever administrative fines for monopolistic breaches.

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Employment
Employment - ranked: tier 1

Herzog Fox & Neeman

Clients can be sure that Herzog Fox & Neeman’s team will provide ‘fantastic advice, not only on labour law, but also on the commercial aspects of employment relations’. Practice head Orly Gerbi has built a reputation for acting for global technology companies. Chagai Vered successfully opposed a labour court ruling condoning organisational action against Israel Electric Company.

Leading individuals

Orly Gerbi - Herzog Fox & Neeman

Next generation lawyers

Chagai Vered - Herzog Fox & Neeman

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Energy and infrastructure
Energy and infrastructure - ranked: tier 1

Herzog Fox & Neeman

Herzog Fox & Neeman has considerable strength in energy and infrastructure project finance and experience in a variety of financing structures. Mark Phillips advised Emek Habacha Wind Energies on the NIS1.1bn financing and development of Israel’s largest wind farm. Adam Eytan acted for Bank Mizrahi-Tefahot in connection with the NIS400m financing of a cogeneration power plant.

Leading individuals

Adam Eytan - Herzog Fox & Neeman

Mark Phillips - Herzog Fox & Neeman

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

Herzog Fox & Neeman

As one of Israel’s two largest firms, Herzog Fox & Neeman’s broad healthcare and life sciences department acts for a variety of healthcare-focused corporates, pharmaceutical companies, investors and physicians. Zohar Yahalom has a formidable regulatory practice, while Dan Sharot and Neta Dorfman Raviv handle commercial and partnership agreements and financing transactions.

Leading individuals

Zohar Yahalom - Herzog Fox & Neeman

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

Herzog Fox & Neeman

With a Silicon Valley representative office and an increasingly active China-facing practice, Herzog Fox & Neeman focuses on advising global tech companies and private equity funds on transactions in Israel. Hanan Haviv acts for companies such as Deep Instinct. Yair Geva is a key contact and Gal Eschet joined from Morrison & Foerster LLP’s Silicon Valley office.

Leading individuals

Hanan Haviv - Herzog Fox & Neeman

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Insurance
Insurance - ranked: tier 2

Herzog Fox & Neeman

Herzog Fox & Neeman advises major foreign and domestic insurance companies on Israeli insurance regulation and also handles insurance-related disputes. Neta Dorfman Raviv assisted Zahal Disabled Veterans Organization regarding the provision of long-term coverage for its members.

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

Herzog Fox & Neeman

Herzog Fox & Neeman’s sizeable and ‘highly experienced’ team handles fund formation and very large transactions for commodity and hedge funds, venture capital and private equity funds, and infrastructure and real estate funds. Tal Dror Schwimmer assisted Halman-Aldubi in the formation of a P2P investment fund. Hanan Haviv and Yair Geva advise VCs, including Merck Ventures and Battery Ventures.

Leading individuals

Tal Dror Schwimmer - Herzog Fox & Neeman

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Planning and construction
Planning and construction - ranked: tier 1

Herzog Fox & Neeman

Herzog Fox & Neeman provides planning advice through every stage of a project, be it commercial, residential or infrastructure. The team handles all statutory proceedings and is known for its ‘strength in public sector negotiations’. Ariel Flavian advised Ganei Ben Zvi on its 100,000 sqm development in the heart of Tel Aviv. Moshe Hardi heads the practice.

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Real estate: transactions
Real estate: transactions - ranked: tier 1

Herzog Fox & Neeman

Herzog Fox & Neeman is in ‘the top class of Israel’s real estate sector’. Led by Moshe Hardi, the team is particularly strong in public sector negotiations and has for years had a specialised purchasing practice headed by Amir Peres. Sharon Petel has experience in municipal taxation.

Leading individuals

Moshe Hardi - Herzog Fox & Neeman

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Restructuring and insolvency
Restructuring and insolvency - ranked: tier 2

Herzog Fox & Neeman

Herzog Fox & Neeman has expertise in corporate insolvency and debt arrangements. Yaniv Dinovitch is advising various creditors on the second creditor’s settlement of Mega Network, while Asher Dovev is assisting Intel and Apple Israel with separate liquidation proceedings of their subsidiaries.

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Tax
Tax - ranked: tier 1

Herzog Fox & Neeman

Fielding one of the largest tax teams in Israel, Herzog Fox & Neeman has a non-contentious offering with extensive experience in global M&A and capital markets transactions. It also maintains an active tax advisory practice and is involved in tax disputes at every level of court. Meir Linzen, Guy Katz and Yuval Navot are key contacts. Iris Weinberger joined the team from the ITA.

Leading individuals

Meir Linzen - Herzog Fox & Neeman

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Telecoms and media
Telecoms and media - ranked: tier 1

Herzog Fox & Neeman

Herzog Fox & Neeman acts for global media companies, online media and e-commerce platforms and assists clients in a variety of sectors with obtaining regulatory licences for communications services and systems. Esther Sternbach advised 21st Century Fox and Endemol Shine Group on a broadcast licence following new franchise regulations. Ronen Reingold joined Barnea in 2017.

Leading individuals

Esther Sternbach - Herzog Fox & Neeman

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Transport
Transport - ranked: tier 2

Herzog Fox & Neeman

Herzog Fox & Neeman services clients in a variety of transport-related matters, such as infrastructure projects, aviation litigation and finance, and the development of nascent transport technologies. Alan Sacks and Mark Phillips are key figures in the department.

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Israel: Dispute resolution

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

Herzog Fox & Neeman

Herzog Fox & Neeman provides ‘precision and clarity’ to its enviable client base, comprising many of the world’s largest corporates. The firm handles class action suits for Yahoo!, Alibaba and Samsung, and has recently appeared in the Supreme Court for Facebook and IEC. David Zailer, Yaacov Sharvit and Joseph Ashkenazi are highly recommended.

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

Herzog Fox & Neeman

Herzog Fox & Neeman is known for handling long-running complex litigation and has experience in a range of disputes, from mass torts and insurance claims to employment and administrative proceedings. David Zailer represents International Bank of Azerbaijan in an objection to the jurisdiction of the Tel Aviv District Court. Yaacov Sharvit heads the department.

Leading individuals

Yaacov Sharvit - Herzog Fox & Neeman

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

Herzog Fox & Neeman

Acting for domestic and international clients, Herzog Fox & Neeman displays ‘superb industry knowledge’ in ICC, LCIA and UNCITRAL proceedings and has an active mediation practice. David Zailer and the ‘tenacious’ Yaacov Sharvit handle multinational arbitration; Joseph Ashkenazi advises LG Electronics on mediation.

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Israel: Intellectual property

Commercial/transactions
Intellectual property: commercial/transactions - ranked: tier 2

Herzog Fox & Neeman

Herzog Fox & Neeman is consistently involved in large IP-driven investment transactions and is experienced in cross-border commercial agreements in challenging sectors such as defence and online gaming. Karen Elburg works for clients such as Microsoft, and Ronen Hausirer and Gal Eschet are also key contacts.

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Disputes
Intellectual property: disputes - ranked: tier 3

Herzog Fox & Neeman

Herzog Fox & Neeman often works in conjunction with international counsel in cross-border trade mark oppositions and patent litigation. Karen Elburg worked alongside UK and EU counsel in a trade mark opposition in the EUIPO and UKIPO and is involved in multiple patent disputes.

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Filing and prosecution
Intellectual property: filing and prosecution - ranked: tier 3

Herzog Fox & Neeman

Herzog Fox & Neeman has a ‘top-notch’ trade mark practice and manages trade mark prosecution and oppositions for domestic and multinational corporates. Karen Elburg heads the IP team and manages trade mark portfolios for 888 Holdings and ATL 3 Limited Partnership.

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Legal Developments by:
Herzog Fox & Neeman

Legal Developments in Israel

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Perhaps the QuadragaCX Story Will Have a Happy Ending

    While there are the aficionados who will say that cryptocurrencies will free us of the chains of the global financial institutions, on the occasions when the world of cryptocurrencies intersects with the world in which most of us live, the news is generally bleak. While you may not know one side of a Bitcoin from the other, you probably know that its value has crashed over the last 13 months, you may even have heard about some of some of the larger cryptohacks (that is computer heists through which digital currencies belonging to investors are stolen from crypto trading exchanges). And over the last week or so, you may have read on mainstream news sites about the death of Gerald Cotton the CEO of Canada’s largest cryptoexchange QuadragaCX. The death of the CEO of a company that few had previously heard of, was news of course, because in his passing he had taken the passwords to the accounts of his customers with him. The result of this being that about $140 million of their money was stuck somewhere between this world and the celestial ether in which Mr. Cotton now resides. Of course, it wasn’t quite told like that. We were fed terms such as “private keys,” lack of “multi-signature protection,” “cold storage wallets” and more readily understandable – “cryptofraud”. Again!
  • Israel Chapter in The Virtual Currency Regulation Review

    Earlier this year, the Israel Tax Authority (ITA) issued two circulars, one on the taxation of digital tokens and the second addressing the taxation of utility tokens in initial coin offerings (ICOs). Additionally, in March, the Israel Securities Authority (ISA) released a detailed interim report by the Committee for the Regulation of Public Offerings of Decentralized Cryptocurrency Coins (Report) (with a follow-up report due to come out around October 2018). Moreover, it is expected that before the end of 2018, legislation will come into force that for the first time will see Israeli primary legislation define virtual currencies as financial assets and mandate licensing for related services, as is later discussed in detail.
  • Spring is coming for real estate registration in Israel

    Israel may be the “Start-up Nation” 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 “fair, reasonable, and nondiscriminatory (“FRAND”) terms.”
  • 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
  • Clarifications regarding Supervision of Financial Services Law (Regulated Financial Services)

    Authored by Adv. Simon Weintraub, Adv. Shiri Shaham, Adv. Yuval Shalheveth of Israeli law firm, Yigal Arnon & Co.: