Shimonov & Co. - Law Firm > Tel Aviv, Israel > Firm Profile

Shimonov & Co. - Law Firm
56 Mazeh St
Tel-Aviv
6578906
Israel

Israel > Capital markets Tier 1

Shimonov & Co. – Law Firm receives widespread praise, with one referee noting that ‘everyone in the practice is an expert at what they do‘. Its firmwide focus on capital markets ensures that the group is well versed in the full spread of public and private offerings, with strong skill sets in both equity and debt matters. Clients increasingly include US-traded companies — notably it represents 24 of the 34 North American companies listed on the TASE — and it remains a popular choice for domestic companies looking to list locally. Israel Shimonov spearheads the group and advised Nofar Energy on its NIS600m IPO on the TASE. Other recommended names include senior partner Dudi Berland and ‘sharp young lawyerBenjamin Ben Zimra, who co-manage the non-Israeli foreign offering department.

Practice head(s):

Israel Shimonov

Other key lawyers:

Dudi Berland; Nir Cohen Sasson; Benjamin Ben Zimra

Testimonials

‘Shimonov & Co are clearly the best firm for US debt issuers in Israel. They are extremely knowledgeable. The team communicates well and assists us through all the processes involved with being a public reporting company on the TASE.’

‘A group of supremely competent and hard-working lawyers. They are focused solely on client concerns and have a commitment to quality that is exhibited in their practical and responsive solutions to legal questions and quandaries. They are accountable for their work product and display a team attitude that is a comfort to transaction-oriented clients. This is a firm for deal junkies.’

‘Everyone in the practice is an expert at what they do. They are extremely efficient and provide our firm with the answers to our complex questions. No matter what time of day, Shimonov is there to assist us, no matter how complicated the dilemma may be. ’

‘Israel Shimonov is the lion of the industry. He is very smart and knowledgeable. We hired two people that used to work there because we appreciate the school they learned at.’

‘Dudi Berland is an expert in his field. His immense knowledge of real estate law, and accounting makes him the perfect lawyer for us. Benjamin Ben Zimra is truly one of a kind. His dedication to our firm is remarkable, and hard to come by. His unique expertise in our industry of real estate makes him an invaluable asset to our firm.’

‘Dudi Berland is a terrific lawyer who rolls up his sleeves and works with his clients to get the deal done. His advice is always on point and he provides solutions that are both creative and elegant. Also, his market knowledge and good judgement are invaluable when assisting both foreign and domestic clients.’

‘Benjamin Ben Zimra is a sharp young lawyer with very good analytical and communication skills, a willingness to listen, a passion for the law and a collaborative spirit. Once in a deal, he is with you until the end.

‘Benjamin Ben Zimra and Dudi Berland have strong and valuable relationships with underwriting personnel and TASE staff members that facilitate the many tasks to complete a public offering and they are also of great assistance in creating organizational structures and agreements that are needed to gain access to the capital marketplace in Israel. ’

Key clients

Nofar Energy

Hertz Investment Group

Doral Group

Pacific Oak SOR (BVI) Holdings, Ltd. of the Pacific Oak Capital Advisors

Leser Group

Carasso Motors Ltd.

Tikun-Olam – Cannbit Pharmaceuticals Ltd.

Namco Reality Group

Lightstone Enterprises Limited (LEI), of the Lightstone Group

Israel Canada Group

Fattal Holdings

Bikurey Hasadeh

Solaer Israel Ltd.

ETGA Group

Argo Properties N.V.

Gabay Properties And Development Ltd.

Ace Capital Retail (2016) Ltd

The Zarasai Group

Copperline Americas Limited

Work highlights

  • Represented Nofar Energy in its NIS600m IPO on the TASE.
  • Advised Hertz Investment Group on its innovative UPREIT offering on the TASE.
  • Represented Netherlands-based Argo Properties on its NIS216m IPO on the TASE.

Israel > Restructuring and insolvency Tier 2

Capital markets specialist Shimonov & Co. – Law Firm has a focus on handling debt restructurings involving listed and traded companies. The group has acted on a slew of company-side mandates in recent months, including advising the debtor in the restructurings of Cal Auto Group and Fattal Holdings, among others. It also frequently represents investors in restructuring-related matters. Amir Bartov is highly regarded for his specialist expertise in debt restructuring.

Practice head(s):

Amir Bartov

Testimonials

‘The strength of the practice is that Shimonov is a well known capital markets law firm, therefore the insolvency team can give public companies that have entered into difficulties comprehensive support.’

‘Amir Bartov, head of restructuring, has massive experience in bondholders debt arrangements.’

‘Amir Bartov is a very smart, creative and enthusiastic lawyer and one of the leading lawyers in Israel in the area of restructuring and insolvency. He brings to the table practical tools, confidence and massive experience.’

Key clients

All Year Holdings Limited

Cal Auto Group

Fattal Holdings

Extell Development Company

Amos Luzon Development and Energy Group Ltd.

Elad Group

Kardan N.V. Group

Tahal Consulting Engineers Ltd.

Namco Reality Group

Mega Retail Ltd.

Sapir Corp Ltd.

Copperline Americas Limited

Ortam Malibu Group

Matomy Media Group

Work highlights

  • Retained by the board of directors of All Year Holding to advise on the restructuring of the company’s NIS2.5bn debt.
  • Advised Amos Luzon Development and Energy Group (formerly U. Dori Group) on its insolvency proceedings.
  • Advised Elad Group on discussions and negotiations with creditors following the Covid-19 crisis.

Shimonov & Co., founded in 1993, is the leading and most active law firm in Israel in capital markets and securities, and also one of Israel’s premier boutique law firms. The firm provides ongoing legal counsel to dozens of public companies, including some of the most prominent ones in the Israeli economy, as well as to some of the largest North American real estate companies with securities traded on the TASE.

Since its founding by Adv Israel Shimonov, one of Israel’s outstanding lawyers in the field of capital markets and securities, the firm has been providing legal support and counsel to public companies and companies wishing to go public, on a broad range of legal matters, including prospectuses and offerings, mergers and acquisitions, and issues in securities law and corporate law.

The firm uniquely specializes in representing foreign companies, especially from North America, wishing to offer securities to the Israeli public, having provided legal counsel and assistance in the vast majority of securities offerings by US companies in the domestic market.

The law firm, which is Israel’s largest and most active  in capital markets, represents 15% of all companies traded on the TASE. These figures speak for themselves, and position Shimonov & Co. at the forefront of law firms in the capital market sector in Israel.

Practice areas
Prospectuses and securities offerings: Since its founding, Shimonov & Co. has been involved in and overseen hundreds of IPOs and secondary market offerings in Israel, as well as hundreds of private placements, with an aggregate funding amount of over NIS 100bn.

Foreign companies in Israel: Shimonov & Co. uniquely specializes in the representation of foreign companies seeking to offer securities to the Israeli public. The firm has a dedicated department that engages solely in the representation of foreign companies that have offered and are currently offering securities to the public in Israel. The firm represents the vast majority of US real estate companies that have issued bonds in Israel, among them, large US real estate corporations and well-known controlling shareholders that are ranked high on Forbes’ list of the world’s wealthiest individuals.

Mergers and acquisitions: Shimonov & Co. handles merger and acquisition (M&A) transactions, primarily of public companies. Over the years, the firm has handled hundreds of public company mergers and acquisitions in Israel, dozens of tender offers, as well as complex reorganization processes (eg: spin-offs), complex in-kind dividend distributions, and similar actions stemming from the Israel Anti-Concentration Law for reducing the number of layers in pyramidal holding structures.

Counseling public companies: Shimonov & Co. law firm regularly provides ongoing legal counsel and support to prominent public companies in the Israeli economy pertaining to their operation as reporting corporations.

Capital market regulation: The firm maintains a professional department, managed by a senior lawyer who is also a trained accountant, which provides regular daily updates on legislation and regulation to the firm’s lawyers and clients as needed. Additionally, the professional department is in charge of preparing expert opinions and reviewing special cases. The firm is proud to be involved in the enactment of changes to legislation and regulations governing the field, including changes to TASE directives relating to the firm’s core practice areas.

DepartmentNameEmailTelephone
Adv. Israel Shimonov – Founding Partnerisrael@shimonov.com972-3-6111000
Adv. Dudi Berland – Senior Partnerdudi@shimonov.com972-3-6111000
Adv. Nir Cohen-Sasson – Senior Partnernir@shimonov.com972-3-6111000
PhotoNamePositionProfile
Adv Dudi Berland photo Adv Dudi BerlandSenior Partner
Adv Nir Cohen-Sasson  photo Adv Nir Cohen-Sasson Senior Partner
Adv Israel Shimonov photo Adv Israel ShimonovFounding Partner
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