Ms Michelle Liberman > S. Horowitz & Co > Tel Aviv, Israel > Lawyer Profile

S. Horowitz & Co
TEL AVIV 65202
Michelle Liberman photo

Work Department




Michelle has a diverse corporate and commercial practice, with a particular focus on banking and finance, project finance, corporate finance, distressed financing, debt rescheduling, and mergers and acquisitions. Her clients include banks and financial institutions as well as international and domestic companies operating in a wide range of industry sectors, including: hotels, construction andinfrastructure, transportation, telecommunications, hospitals, defence, media, and technology. She has extensive experience acting on domestic and cross-border mergers and acquisitions, joint ventures and other high-value commercial transactions.

Michelle has broad and vast experience acting for lenders (on both syndicated and non-syndicated financings), export credit agencies and corporate borrowers on acquisition financing (both domestic and cross border), debt rescheduling, asset and equipment financing, corporate lending, real estate financing, mezzanine financings and financing for companies in distress.

Michelle has also acted for lenders, O&M operators, contractors, governmental authorities and consultants on a large number of high-profile infrastructure projects, including the Cross Israel Highway, the Jerusalem Light Railway, Ashdod Assuta Hospital (the first hospital PFI project in Israel) and the financing of the laying of underwater telecommunication cables in the Mediterranean Sea.

Michelle’s expertise in the field has been recognised by Chambers GlobalThe Legal 500 and European Legal Experts, who have consistently ranked her as one of Israel’s leading banking and finance lawyers.

In addition, Michelle represents both domestic and foreign corporations in M&A and joint ventures and provides general corporate advice and support in Israel in a wide range of sectors, including: technology, medical devices, and consumer products.


Michelle is a regular contributor to publications of the World Bank and the International Finance Corporation on an array of topics such as:

  • Doing Business: Doing Business in a More Transparent World
  • Doing Business: Making a Difference for Entrepreneurs
  • Doing Business: Comparing Regulations in 183 Economies
  • Doing Business: A Survey of Investor Protection
  • Doing Business: A Survey of Contract Enforcement
  • Doing Business: Going Beyond Efficiency
  • Doing Business: Measuring Regulatory Quality and Efficiency
  • Michelle was elected to serve as the Chair of Lex Mundi, the world’s leading network of independent law firms, offering preferred access to more than 22,000 lawyers worldwide in more than 125 countries. For more information, please visit
  • Michelle currently sits on the board and Executive Committee of Lex Mundi.
  • Michelle currently sits on the board of the nonprofit affiliate of Lex Mundi, the Lex Mundi Pro Bono Foundation, through which the member firms provide pro bono legal assistance to social entrepreneurs around the globe. For more information, please visit
  • Michelle served as the Vice-Regional Chair for the Cross-Border Transactions Group of Lex Mundi and also on the organisation’s Women in the Law Committee.


English Hebrew


Israel Bar, 1996


Tel Aviv University, LL.B., cum laude and the Dean’s List, (1995)Tel Aviv University, studies in the Faculty of Arts and Music, (1992-1995)

Lawyer Rankings

Israel > Restructuring and insolvency

S. Horowitz & Co has particular expertise acting for major banks as creditors in insolvency proceedings but also represents distressed companies in voluntary liquidation proceedings, advises clients on rehabilitation and refinancing arrangements, and handles high-value receiverships. Ran Feldman represents creditors and debtors in insolvency cases, often through appointments to act as a liquidator. Ran, together with Ehud Arzi and Shlomi Delgo, is acting for Bank Hapoalim in several proceedings relating to the recovery of loans with an accumulative value of $250m. Michelle Liberman is also noted.

Israel > Infrastructure

S. Horowitz & Co has considerable strengths in banking and finance, litigation, construction, and administrative law, skill sets that all contribute to the firm’s ability to handle mega-project financing and development matters. Key names on the lender side include Clifford Davis, who specialises in international transactions and has experience in export credit financing, and Aharon Bloch and Michelle Liberman, who acted for the lenders in relation to the Jerusalem LRT BOT, Israel’s only operating light railway project. Names to note for bidders and project companies include Benjamin Sheffer, who is acting for an international bidder in  tender for the design and construction of an additional line on the Tel Aviv LRT, and Eran Bezalel, who is involved in a number of large projects related to the Cross-Israel Highway.

Israel > Banking and finance

S. Horowitz & Co has close relationships with major local and foreign financial institutions, including banks, insurance companies and credit card companies. The breadth of its client roster is matched by the depth of its practice, which spans syndicated lending, export finance, structured finance and regulatory work — it also continues to grow its profile in the developing area of factoring transactions. On the borrower side, the firm is a top choice for seasoned acquirers in leveraged finance deals, including recent work for Pathfinder Strategic Fund and Francisco Partners. Anthony Bloch chairs the group and is sought after for his senior experience in the area. Other key names are Clifford Davis, who had a busy year on the export financing and LBO fronts, and Michelle Liberman.