Israel

IFLR1000 Reviews

Financial and corporate
Arnon, Tadmor-Levy

Arnon, Tadmor-Levy has been serving clients in the Israeli market since 1973. 

  

Focusses / specialisms 

The firm has a focus on banking and finance, advising on syndicated loans and cross-border financings. 

   

Key clients 

Among the clients of the firm are Citibank, Bank Hapoalim, Israel Discount Bank, Harel Insurance Company, C.A.L, Bank Leumi, BNP Paribas, HSBC Bank, JPMorgan, Max It Finance, Bank Hapoalim, The Phoenix Insurance Company, Vintage Investment Partners, OurCrowd, Intel, IBM, Palo Alto Networks, Medtronic, Ministry of Defense, Shanghai International Port Group, Wärtsilä Corporation, Scorpio Real Estate, Packer Construction Steel and Globus Max. 

 

Research period review: 33rd edition (2023/2024)    

During the research period the firm was active in banking, foreign capital markets, investment funds, M&A, projects and restructuring. 

In banking the firm represented Israeli companies as borrowers and advised clients in the insurance, aviation, private equity funds and real estate sectors. 

In capital markets the firm represented Israeli companies in the medical, finance, energy and communications sectors. 

The firm works in investment funds deals with clients from industry sectors such as energy, investment management, real estate and insurance. 

The firm represented acquirers in acquisitions in technology and telecommunications, consumer goods and services, finance and aviation. 

The firm worked in project development and project finance areas providing ongoing counsel to government and private clients in the transport, finance, government, energy and infrastructure sectors. 

The firm is advising Israeli companies in various industries on ongoing insolvency proceedings. 

  

Deal highlights: 33rd edition (2023/2024)  

Intel Corporation $ 5.4 billion M&A 

Ministry of Defense $ 3.8 billion PPP 

Sisram Medical $ 80 million IPO 

TCM Group insolvency proceedings 

The Phoenix Insurance Company $ 425 million financing 

The Garage $ 160 million fund formation 

 

Client feedback: 33rd edition (2023/2024) 

Capital markets 

“They are highly professional., have deep understanding of the company's business, very high service level. huge asset to the CEO & CFO.” 

“Deep understanding of Israeli securities laws and the disclosure requirements for an Israeli prospectus; diligent and timely work; service-oriented approach.” 

 

Financial services regulatory 

“First class Services. Giving both Micro and Macro prospective. Seeking the broad picture of the deal, Deep understanding of the business and the transaction.” 

 

M&A 

“Successful negotiation with the other sides lawyers.” 

“Completion of all the necessary documentation. Advising Surgimate through this complicated process.” 

“Excellent services.” 

“Top notch quality of legal work.” 

“Broad understanding of the matrices and businesses of the deals.” 

“Professional people, but above all they are human beings, a pleasure to work with. We see them as our partners.” 

“Competence, business oriented, problem solvers.” 

 

PPP/PFI 

“Asher is highly skilled and knowledgeable, he doesn't miss any minor or major detail of the project and comes with creative ideas to solve disputes between the parties. One can be calm that its interests are in good hands when Asher is involved in the negotiation.” 

“Brought extensive experience and knowledge, as well as insights, to the project (project carried out by law firms merged into Yigal Arnon - Levy, Meidan, Tadmoor, etc.).  Staff always available and provided quick responses and advice.” 

 

Project finance 

“Preparation of all the documentation for the PPP State Tender including advising the recommended arrangements for most aspects: legal, financial, statutorily and economic.” 

 

Kobi Ben Shitrit 

“Very professional, deal maker, very available, team player.” 

 

Liron Hacohen 

“Liron is lovely, there are no other people like her, it's just a pleasure to work with her. Professional, honest, punctual, gives added value. She is a true friend.” 

 

Barry Levenfeld 

“Great expertise of M&A world, full knowledge, pragmatic approach, business sensitivity, attention to clients' need.” 

 

Ofer Levi 

“I work only with Ophir Nave and Ofer Levi, which were both very practical, intelligent, and available.” 

 

Assaf Mesica 

Asssaf has a deep understanding and vast knowledge of Israeli securities law. Assaf is very practical and renders to the point legal advice bases on his extensive experience, Assaf is service oriented, always available and a pleasure to work with.” 

 

Ophir Nave 

“Intelligent, resourceful.” 

“I work only with Ophir Nave and Ofer Levi, which were both very practical, intelligent, and available.” 

“Practical, full of useful ideas.” 

 

Roni Osborne 

“Very professional, integrative point of view, comprehensive attitude, always on time, excellent legal knowledge and project financing understanding.” 

 

Micki Shapira 

“Deep understanding of the deal and what is important and what can be waived. Detailed work when it is needed. Excellent drafting capabilities.” 

“He provides outstanding services with full understanding of the business and the client's needs.” 

 

Simon Weintraub 

“Highly professional, pleasant to work with, attention to details, good negotiator.” 

AYR – Amar Reiter Jeanne Shochatovitch & Co

AYR Amar Reiter Jeanne Shochatovitch & Co is a full-service firm established in 2010 in Bnei Brak. Many of its lawyers are qualified to practice law abroad in other countries in addition to in Israel. 

  

Focusses / specialisms 

The firm has a strong banking and finance practice advising Israeli companies as borrowers in mostly domestic lending transactions. The recently established project development practice specializes in infrastructure. Other areas of focus for the firm include M&A and restructuring and insolvency. 

  

Key clients 

Key clients include Bank Hapoalim, Amitim, Lemonade Group, Mayer Group, Shriki Group, Knesset Israel and Otzar Ha-hesed Associations, Microdoft, The Bazan Group, Gindi Group and Kavim. 

  

Research period review: 33rd edition (2023/2024)    

During the research period the firm was active in banking, M&A, projects and restructuring. 

In banking the firm represented Israeli companies as borrowers and advised clients in the real estate sector. 

The firm represented purchasers in acquisitions in the oil and gas, technology and transportation industries both internationally and within Israel. 

The firm introduced a new project development practice which is providing ongoing counsel to contractors and concessionaires in infrastructure, mining, and transportation projects. 

The firm is advising Israeli companies in various industries on ongoing insolvency proceedings. 

  

Deal highlights: 33rd edition (2023/2024)    

Ayalon Insurance Company $226 million investment 

Lahav LR Real Estate $35 million acquisition 

Marathon 018 Xpone $95 million prepayment arrangement   

Kfir Company $78 million infrastructure project negotiations 

 

Client feedback: 33rd edition (2023/2024) 

M&A 

“Can do attitude, problem solving, good negotiation skills.” 

“Responsiveness, can do attitude, problem solving.” 

 

Sariel Cohen 

“Very responsive, very smart, extremely knowledgeable.” 

 

Asaf Lapid 

“Asaf is a problem solver, he knows every aspect of our business and strives to strike a deal in every aspect.” 

"Great legal and business partner, one of the most brilliant corporate lawyers in Israel. He has great legal knowledge, and he is striving to strike and focusing on the main issues.”

Erdinast, Ben Nathan, Toledano & Co

Erdinast Ben Nathan Toledano & Co is a full-service firm in Tel Aviv. It was established in 1928.

 

Focusses / specialisms

The firm advises on deals across many industries, such as banking, energy, and high-tech.  It engages in transactions in banking & finance, capital markets, mergers & acquisitions, project development, and restructuring and insolvency. The firm has experience advising on Israeli, English, German, and American law.

 

Key clients

Key clients include Mizrahi-Telahot Bank, Avnon Group, Yesodot Fund, More Investment House, Bank Leumi, Bain Capital and BrightSource.

 

Research period review: 32nd edition (2022/2023)

In banking the firm advised on a swathe of lending transactions for both borrowers and lenders during the research cycle, with work covering real estate financing, acquisition financing, corporate financing and refinancing transactions.

 

Deal highlights: 32nd edition (2022/2023)

Bain Capital $185 million financing

Phoenix Insurance and Meitav Dash Investment’s NIS 1.5 billion financing

 

Client feedback: 32nd edition (2022/2023)

Banking and finance                                                                                     

"Very professional lawyers with excellent relationship both with the lenders and the client"

 

Capital markets: Debt

"One-stop-shop services. very good legal advice on capital market issues."

 

Capital markets: Equity                                                                    

"Very deep of in the law and regulations and great ability to solve problems raised during the process of an IPO, bond issuance and any other process that involves securities aspects. "                                             

"The team is excellent in providing advice with respect to securities issues, and obtaining approvals from the ISA. "

"Highly experienced, extensive knowledge, great availability."                                    

"Great capital markets practice and highly professional. Available at all times."

 

Capital markets: Structured finance and securitisation                                                            

"They are very knowledgeable, professional, very responsive. Real partners of the company, they don't wait for us to initiate - they initiate, push us for action and remind us of actions and relevant events. They never keep us waiting and it feels that they go beyond what is expected of them."

 

Financial restructuring                                                                                             

"Support the process very well. Helped improve the financing terms. Managed the process."

 

Insolvency

"Extremely smart, practical and responsive."

 

Investment funds: registered funds                                                

"Good understanding and guidance on the regulatory framework."

 

M&A

"Very professional and fast, responsive."

"We work exclusively with the firm in Israel. They are great, great lawyers, always available, think business and implement the legal aspects and not kill the deal just because of legal problems. Also, there are many other departments which are important for the deals: labour, tax, antitrust, financing, regulation, and so on."

"They have supported us in the whole process – DD, BCA, negotiation, F-4, F-1, company policies, corporate governance and everything we needed in this process. They had a significant role in making this merger happen."

"The team are very responsive, knowledgeable on the Israeli market, and provide creative and commercially sensible solutions to problems that arise."

"I got service like I was the only client."

"Very professional and fast responsive."

"Very swift; sharp and pragmatic advice."

"Fast and reliable. Services in all matters including HR."

"We are very satisfied with the level of work. While we are not a major company, we receive an excellent service. "

"The team we are working with is extremely professional, know M&A very well, know the market-acceptable terms, know the other teams in other law firms, have a good reputation, great commercial understanding, very attentive, accessible, and a pleasure to work with. They have practically become the ONLY law firm we work with. They are the 'house firm' that we work with on all deals. "

"The team that assisted are very professional, possess commercial thinking capabilities, and are accessible, smart, great negotiators and just great people to work with. "

 

PPP/PFI                                                                                              

"Response speed while maintaining a very high professional level."

Project development: infrastructure                                        

"Very professional, fast work and highly educated, always reachable for advice."

 

Project development: Energy                                               

"The firm are very knowledgeable in this area (energy and infrastructure), are very professional and know not only the legal aspects but also the business ones. "

"Adherence to times, down to details, and customer-oriented."

 

Project finance                                                                                              

"They have a very good and quite unique experience in the project financing area."

"Professional. Responsive."

"Excellent advisers. Dedicated. High fluency in the project finance practice."

“Services at the highest level. Professionalism and professional understanding. Reliability as a tool."

"Containing all details of the projects, in a manner that allows the treatment of various issues and especially the ones who are in the interfaces between the two projects and other stakeholders (EPC, O&M, suppliers, the state, etc) in a very time-effective and complete manner. "

"Very experienced in legal analysis, while taking into account all aspects of a transaction. Commercially oriented, they are an assistance in the structuring of transactions and negotiations, underlined by a broad view over a wide range of legal issues as well as techno-economical issues. Their ability to handle the interface of the legal and techno-economical and set the overall risk allocation is excellent. "

 

Restructuring and insolvency          

"Innovative thinking, quick responses."

"Smart, diligent and adequately aggressive in arbitration."

 

Alon Binyamini          

"Personal and professional service."

 

Roy Caner      

"Sharp; pragmatic and focused."

 

Yaron Cohen 

"Responsibility and professionalism."

"Very smart lawyer, professional, always reachable for advice."

"Down to details and customer orientation."

"Responsibility and professionalism."

 

Shay Dayan   

"He stands by you, consults you, helps you with every difficulty in the process. "

 

Hagar Guri      

"Very good understanding of the regulatory needs. Very good and fast response to our specific needs. Client-oriented."

 

Raanan Kalir  

"Sharp and innovative thinking."

"Smart, responsive and practical."

 

Meni Kogan

"Very knowledgeable and professional, pushes forward and initiates, very responsive and helpful, fast and meets deadlines very well (while staying professional and thorough), great personality."

 

Irina Kushel   

"Drive, reliability, timing, knowledge and thinking ahead."

 

Uri Mandel     

"Professional. Responsive."

"Highly professional at project financing, excellent negotiations advocate, very dedicated. Excellent message delivery and calm."

"He listens to our needs, inquires patiently until thoroughly understanding, and implements correctly within the wording. He works in a precise and timely manner and is highly experienced and focused."

"Wide and excellent expertise in the field with great commercial experience, oriented towards finding solutions. "

"Very professional and friendly."

"Managed the complicated process very well, and gave the right advice and solution where needed."

"Problem-solving and understanding of politics in managing partnerships. On the details."

"Services at the highest level. Professionalism and professional understanding. Reliability as a tool."

 

Yuval Naim    

"Very smart, problem-solving capabilities are high, communication skills outstanding."

 

Lior Oren       

"He is a leader; he leads the teams on various deals at the same time with patience and attention. He's a great lawyer, always available; easy to deal with, accepts criticism in a great way, hard-working, delivers on time, outstanding negotiator, sees the business and understands our problems, does not kill the deal with the legalease issues."

"He is very dedicated, responsive and creative. He maintains a very commercial approach, while keeping all the legal bases well covered and protected. He is very detail-oriented, attentive and provides good service. He and his team know how to receive and implement any suggestions. He is extremely professional, and at the same time friendly, making jokes, a good negotiator, and has a lot of commercial and business feedback which is very helpful. He is very knowledgeable about M&A and the market standards, has a lot of international experience and mentality, and is very service-oriented. He is accessible, available to consult with even on small aspects, and his team is great and was selected with care. He is also good in finding solutions when the negotiations are stuck, since he evaluates the risks and benefits and knows to make concessions and at the same to insist all the way if the point is material. He can be very nice to deal with and still be very aggressive if needed. We enjoy working with him. He knows many lawyers in the M&A field, which allows him to reach an understanding 'off the table'. He is pretty efficient and in most cases there is no overcharging."

"He is practically our 'house lawyer', and is the first address at the firm for any questions or consultations. He is a true market leader in international M&A, a great lawyer and is actually a member of our PE team. He is very knowledgeable, a good and aggressive negotiator, who can also take a softer position if needed, very thorough and knows the materials well. He is also a genuine leader of his team, knows how to motivate them in an effort to meet deadlines and targets. He is very available whenever we need his advice, has good commercial understanding of the deal and our needs and translates these into the deal process."

"Over the years he has become a dear friend of the family. He is a trustworthy, excellent lawyer, very professional, good spirit, great commercial thinking, one of the team, knows our business very well, great negotiator – knows where to insist and where to withdraw. Always accessible, never too tired, patiently helps with various issues way beyond our immediate legal needs. Very friendly, has a solid network of colleagues and associates who want to help him in foreign jurisdictions. Certainly someone to run together with for the long run."

 

Gal Rub          

"He is a professional, knows the material, and listens to our feedback. He is also extremely familiar with the various stakeholders involved and in this respect his support is invaluable."

 

Amnon Sorek

"Best lawyer I have ever worked with."

 

Doni Toledano          

"He combines extensive legal knowledge with a thoughtful, commercially minded approach to challenges. He is a pleasure to work with."

 

Moty Yamin   

"Very calm, reliable and with deep knowledge of the law and regulations. He is well known as an expert in securities law, and such reputation helps to solve problems and proceed. "

"He is professional, business-oriented, and available to us at any time."

"He is an expert in the field of capital markets law and practice. He is highly professional and his knowledge of the rules is exceptional, always stays up to date with regulatory developments."

FISCHER (FBC & Co.)

Fischer Behar Chen Well Orion & Co is among Israel’s largest and most well renown law firms. It was formed in 1958 and advises clients out of an office in Tel Aviv. 

  

Focusses / specialisms 

The firm consistently secures roles in large lending, capital markets and M&A deals. The firm largest institutional investors in Israel on their transactional activities in Israel.  

The firm does a lot of lending work for institutional investors (insurers mainly) as both the borrower and the lender. It also has experience advising on the borrower side of large acquisition financings and syndicated loans. 

The firm’s funds lawyers advise on the formation of venture, private equity and real estate funds mostly.  

The capitals markets team is strong in debt and equity work. It has recent issuer side IPO experience and has worked on the sell and buy side of conventional and hybrid bond issues, working for institutional investors as issuers on some deals. The firm was active on a number of debt issues by US real estate companies issuing debt in Israel recently.    

In M&A the firm is involved in large strategic deals – both cross border and domestic – and has recently worked on high-profile banking and financial services and energy sector deals.   

In the project area the firm has experience on large scale energy and transport projects advising sponsors. 

In the project finance area, the firm is experienced in lender side work, particularly relating to power projects but also other infrastructure. 

  

Key clients 

Key clients include Bank Leumi Le-Israel, Israel Discount Bank, Mizrahi Tefahot Bank, JP Morgan, Discount Capital, Harel Insurance Group, Amitim Pension Funds, Universal Motors Israel, MLRN Projects and Trade, Carmel Winery, Perrigo Company, Rafael Advanced Defense Systems, The Capri Family Foundation and Holmes Place. 

  

Research period review: 33rd edition (2023/2024)  

Activity in the banking sphere included a swathe of acquisition financing, corporate financing, asset financing and real estate financing transactions. The firm was also active in mezzanine lending and revolving credit space, as well as non-bank lending, syndicated financing and venture lending. The banking team acted for both borrower and lenders on both domestic and cross-border mandates. 

In capital markets the firm was visible in equity and debt for a mix of buy and sell side clients in Israel. 

The investment funds practice was active in fund formation mandates, focusing on venture capital, private equity and real estate funds. 

In M&A the firm recorded another successful year advising domestic and multinational clients on some of the most sophisticated deals on the market. Standout matters, among others, include the acquisition of Phoenix Holdings by Centerbridge Partners and Gallatin Point Capital and the sale of ECI Telecom to Ribbon Communications. 

The projects area of the firm continued to provide comprehensive legal support, including on financing aspects, on many landmark undertakings in the Israeli transport, power utilities infrastructure, oil and gas, desalination and renewable energy sectors. 

Restructuring and insolvency was another area of high activity for the firm, with the firm distinguishing itself with its advice on some of the most high-profile restructuring matters currently pending in Israel. 

 

Deal highlights: 33rd edition (2023/2024)  

Bank Leumi le-Israel $421 million acquisition finance 

Bank Hapoalim $660 million project finance 

Chevron Corporation and others $10 billion exploration contract 

Island NYC RFI Acquisitions and other $2.5 billion insolvency proceedings 

Mivne Real Estate $40 million debenture issue 

Ormat Technologies $430 million green bond issue 

SKY Fund $350 million fund formation  

Tower Semiconductor $5.9 billion merger 

  

Client feedback: 33rd edition (2023/2024)  

Banking and finance 

“Assist and recommend how to solve the problem.” 

 

Capital markets 

Help us with money raising issues and shareholders relationships. 

 

Project finance 

Dedicated to the deal, professionals issue solutions instead of problems. Experience in similar projects and more. 

 

Itay Brafman 

“Very responsive to our needs, always available, excellent personality.” 

 

Tal Gellerman 

“Very professional, always find solutions to problems and suggest the best way to overcome obstacles.” 

 

Adi Ron 

“She is sharing our work with Adv. Itay Brafman.” 

 

Gilad Winkler 

“Extensive experience, dedication, problem solving in the transaction, ability to manage the client.” 

Gissin & Co

Gissin & Co is an Israeli firm founded in 1994. 

  

Focusses / specialisms  

The firm has a focus on corporate and finance law and specializes in debt capital markets. The firm actively works in debt arrangements and insolvency proceedings. 

 

Key clients 

Key clients include Israeli Bondholders trustee, Cammeby's and Philipson NY groups. 

 

Research period review: 33rd edition (2023/2024)  

During the research period the firm was active in capital markets debt and restructuring and insolvency deals.  

In capital markets the firm advised a group of investors led by the Cameby's and Philipson's, lenders and company creditors and bond trustees. 

In restructuring and insolvency, the firm advised issuers and bond trustees in the financial services industry, healthcare and real estate sectors. 

 

Deal highlights: 33rd edition (2023/2024)  

Group of investors $724 million restructuring 

Reznik Paz Nevo $281 million restructuring 

Gornitzky & Co

Gornitzky & Co is a full-service law firm established in 1938 with offices in Tel Aviv and Herzlia Pituach. 

  

Focusses / specialisms 

The firm routinely advises on large, cross-border M&A deals including a lot of SPACs recently. It is very active in infrastructure and energy project financing, advising companies from pre-qualification stage through to commercial operations. Its restructuring and insolvency team provides legal counsel to all parties in complex local and cross-border proceedings. 

  

Key clients 

Key clients include Leumi Partners, Extra Public Transportation, Goldman Sachs, Morgan Stanley, Citigroup, Barclays, J.P. Morgan, Strauss Group, Catalyst Group, Warburg Pincus, Tazpit Energy, Reindeer Energy, Everest infrastructures, Keystone REIT and Eurocom. 

  

Research period review: 33rd edition (2023/2024)  

During the research period the firm was active in banking, capital markets, M&A, project development, project finance and restructuring. 

The firm advised borrowers, arrangers and lenders on a variety of lending transactions including aviation financing. 

In capital markets the firm advised issuers and underwriters on bond issuances in Israel. On the equity side it advised clients in the financial services industry on IPOs and follow-on offerings. 

Recent M&A work was centered around SPACs. The firm represented both buyers (shell companies) and sellers, serving as lead counsel for Israeli companies and local Israeli counsel for international companies. 

Project development work consisted of negotiating finance and concession agreements and public procurement transactions representing clients in transportation, energy, gas and social infrastructure. 

In project finance the firm is involved in confidential financing in infrastructure and energy projects in Israel and abroad. 

The firm advised financial services providers on restructurings and represented bondholders in liquidation proceedings. 

  

Deal highlights: 33rd edition (2023/2024)  

Fattal Hotels Group $432 million fund formation 

Keystone REIT project development 

Shikun & Binui $156 million debenture issue 

Zero Waste NIS 800 million project finance 

 

Client feedback: 33rd edition (2023/2024) 

Banking and finance 

“Detail oriented, commercially focused, constructive, client focused.“ 

"They are very professional and pleasant to work with.” 

"Strong business acumen, highly responsive and very professional.” 

"Gornitzky is second to none in Israel, and we wouldn't turn to anyone else.” 

"Professional, business oriented, outstanding team.” 

"They are very professional, with an excellent level of service and strong business acumen.” 

 

Capital markets 

“Very responsive. Very knowledgeable.” 

"Super-responsive and commercial 

“Capital markets. Very responsive in general, knowledgeable of both U.S. and Israeli securities laws and very effective in managing the process.“ 

“Capital markets, most professional, great service at all aspects.” 

“Capital markets, they are very professional, available and kind.” 

 

Financial restructuring 

“Very knowledgeable and efficient lawyers, great service, business oriented.” 

 

Insolvency 

“Smart lawyers, dedicated, responsive and practical.” 

"Very professional, efficient, quick to understand the matter at hand an provide insightful solutions.” 

“The firm successfully conceived and negotiated a complex settlement with all interest holders, enabling us to regain control on an asset, in preferred terms, and with that ending a 9 years dispute.” 

"They are a well-established, professional firm, formerly led by one of Israel's most prominent litigators.  

 

Investment funds 

“Thorough, professional, dedicated, honest.” 

"The firm is very strong in the investment funds generally, with a strong bench in that area. This customer-focused team has a wealth of knowledge and expertise across all sectors and their practical approach to transactions make them a pleasure to work with.  

 

Leveraged finance 

“They are clear experts in Israeli banking law and leveraged finance transactions.” 

 

M&A 

“Fantastic understanding of Israeli energy market.” 

"The lawyers that dealt with my case (Alon Peled and Eyal Raz) were professional, supportive, and driven.” 

"Great service, most professional.” 

"One stop shop with experienced lawyers who are deal focused and cost savy.” 

 

Private equity 

“A very professional, creative in finding solutions. they are also very responsive.” 

 

Restructuring 

“Complex advice is required across 3 jurisdictions - Israel, the United States and the BVI. This is a company that ran into difficulties with many real estate assets, of various types, with many subsidiaries. Most of the subsidiaries have business partners as well as senior loans taken from banks and other credit providers. Gornitzky provided business understanding, patience and prevention of drastic actions combined with a deep understanding of the insolvency field while finding creative and quick solutions to various difficulties, all while optimally serving the interests of the bondholders.” 

 

Hana Atias 

“Very professional and business oriented.” 

 

Amnon Biss 

"Adv. Biss is a professional, a deal maker, with a strong legal and commercial understanding of the entire picture. Adv. Biss is highly respected by all parties and provides important insights into both insolvency aspects and aspects related to mergers and acquisitions.”
“Adv. Biss' involvement facilitates the discussions between the various different parties and is a pivotal point in advancing the negotiation.” 

“Complex advice is required across 3 jurisdictions - Israel, the United States and the BVI. This is a company that ran into difficulties with many real estate assets, of various types, with many subsidiaries. Most of the subsidiaries have business partners as well as senior loans taken from banks and other credit providers. Amnon provided business understanding, patience and prevention of drastic actions combined with a deep understanding of the insolvency field while finding creative and quick solutions to various difficulties, all while optimally serving the interests of the bondholders.” 

 

Eli Elya 

“I find Eli to be a vary capable manager - his team is very professional and business oriented. Eli is well aware of the team members' activities, although he is not always involved personally. To sum up - a great service provider.” 

"In depth knowledge, outstanding supporting team not a one man show, creative, customer service.” 

"Excellent lawyer, manager and business partner.” 

 

Ofri Farkash 

“Professional, available anytime, kind.” 

 

Dan Fisher 

“Dan is an exceptional lawyer and is our primary go to for legal questions cool headed in tough situations and always finds creative solutions.” 

 

Ari Fried 

“Commercial, hard working.” 

 

Chaim Friedland 

“Wonderful ability to see the big picture; creative problem-solver.” 

 

“Excellent lawyer and commercial.” 

"Highly responsive, understands non-Israeli clients.” 

"Chaim is very professional, knowledgeable and sharp.” 

 

Dubi Gross 

“Dubi is an excellent lawyer that builds close relationships based on trust and expertise.” 

"Dubi is the sharpest, and most effective lawyer in Israel when it comes to banking and financial transactions. He knows Israeli law and practice, and understands the international capital markets and participants, which enables him to provide truly exceptional representation to his clients.” 

"Dubi is a clear expert in Israeli and European leveraged financeHe is extremely responsive, and an excellent negotiator.” 

 

Uri Heler 

“Uri is very professional, knowledgeable, smart and a very good team member.” 

 

Nir Knol 

”Very professional, great service.” 

 

Shlomo Landress 

“Shlomo's creative thinking, business savvy and honed negotiations skills made the difference in numerous occasions.” 

 

Itamar Mei-Zahav 

“Diligent, dedicated, honest, reliable, qualified.” 

 

Alon Peled 

“Alon is sharp, intelligent, super knowledgeable. absolute professional. his guidance and advice helped me tremendously.” 

 

Gila Ponte-Shlush 

"Very "user friendly"; quality of work product; strong transaction management capabilities; and responsive and efficiency.” 

 

Karen Raichbach 

“Very knowledgeable, hard-working and trustworthy.” 

 

Eyal Raz 

“Eyal expertise and knowledge were a tremendous help throughout the M&A process.” 

 

Yair Shiloni 

“Very professional, available including late hours, kind.” 

 

Jack Smith 

“Jack is great with all of the team at Capricorn - from board level to junior members of staff. Understands our business really well.” 

 

Kfir Yadgar 

“Very intelligent and knowledgeable. quick thinker and creative.” 

"Kfir is endowed with extraordinary strategic vision, and a very impressive personal ability to plan and lead complex moves, in order to achieve the best results for his clients.”

Harpaz Oren Adler & Co

Israeli boutique law firm Harpaz, Oren, Adler and Co is based in Ramat Gan, Tel Aviv. It was established in 2002.

 

Focusses / specialisms

The firm is recognised for its work in project development.

It provides comprehensive legal support of all stages of the project life-cycle including tender, project finance, claims and contract management. Besides representing some of the largest Israeli construction companies and public sector clients such as Ayalon Highway, the firm is known for assisting Spanish Infrastructure companies seeking to enter the Israeli market.

 

Key clients

Key clients include Ashtrom Group, Lesico, Oron Group, YSB Group, Ayalon Highway, ACS Group, Commonwealth Dynamics, IMASA Ingeniería y Proyectos, Sacyr Construcción and Valoriza Agua, Parros Group and IPROCEL.

 

Research period review: 32nd edition (2022/2023)

During the research period the firm had notable transactions in several sectors including energy, transport, infrastructure, engineering and construction. In one standout mandate the firm represented contractor SEMI on the flagship Israel Railways Train System electrification project.

 

Deal highlights: 32nd edition (2022/2023)

Ashalim thermo-solar power plants

Dimona 300MW photovoltaic power plant

Israel Railways Train System electrification

Keta Water Supply System expansion and rehabilitation

New Fast Lanes

Road 60 expansion

Tel-Aviv LRT Red Line

 

Client feedback: 32nd edition (2022/2023)

Israeli boutique law firm Harpaz, Oren, Adler and Co is based in Ramat Gan, Tel Aviv. It was established in 2002.

 

Focusses / specialisms

The firm is recognised for its work in project development.

It provides comprehensive legal support of all stages of the project life-cycle including tender, project finance, claims and contract management. Besides representing some of the largest Israeli construction companies and public sector clients such as Ayalon Highway, the firm is known for assisting Spanish Infrastructure companies seeking to enter the Israeli market.

 

Key clients

Key clients include Ashtrom Group, Lesico, Oron Group, YSB Group, Ayalon Highway, ACS Group, Commonwealth Dynamics, IMASA Ingeniería y Proyectos, Sacyr Construcción and Valoriza Agua, Parros Group and IPROCEL.

 

Research period review: 32nd edition (2022/2023)

During the research period the firm had notable transactions in several sectors including energy, transport, infrastructure, engineering and construction. In one standout mandate the firm represented contractor SEMI on the flagship Israel Railways Train System electrification project.

 

Deal highlights: 32nd edition (2022/2023)

Ashalim thermo-solar power plants

Dimona 300MW photovoltaic power plant

Israel Railways Train System electrification

Keta Water Supply System expansion and rehabilitation

New Fast Lanes

Road 60 expansion

Tel-Aviv LRT Red Line

 

Client feedback: 32nd edition (2022/2023)

Project development: Infrastructure                                        

"The advice given is professional and we feel comfortable in dealing with disputes with customers and suppliers in this way."                                      

"The advice given is professional and we feel comfortable in dealing with disputes with customers and suppliers in this way."

Herzog Fox & Neeman

Tel Aviv based full-service commercial law firm Herzog Fox & Neeman is among the leaders in Israel. The firm was established in 1972. 

  

Focusses / specialisms 

As evidenced by the firm’s rankings, the firm has quality and experience across all its teams working in areas covered by the ranking tables. 

In the banking area the firm advises most of the country’s large banks on regulatory and lending matters and is experienced on cross border acquisition financings, advising foreign banks. 

Project finance is an area where the firm excels and it does not have many competitors with equivalent experience locally. The firm has worked for sponsors and lenders on the financing for large energy and transport projects, including plenty of BOTs and PPPs. The firm also advises clients on the development of these projects. 

In capital markets area the firm advises on debt programs and issues by large Israeli corporations on ether the banks or issuers’ side. The firm is experienced on the equity side too and has recently advised the issuers of several IPOs. 

The firm’s funds team is notably experienced in the formation of real estate, venture and private equity funds. It works for managers and sponsors. 

In M&A the firm is commonly seen on large cross-border deals and often represents foreign buyers. 

The firm is active in the restructuring and insolvency area. It mostly works for creditors and debtors in cases involving locally based companies. 

  

Key clients 

Key clients include HSBC, Goldman Sachs, BNP PARIBAS, BofA Securities, American Express, Apax Partners/ AMI Opportunities fund, Clal Industries Beverages, Golf Group, Salomon A. Angel Ltd. Bank Leumi, NFX Capital, LinkedIn, Mubadala Petroleum, Natixis, Macquarie Capital Israel Discount Bank, Bank of Jerusalem, Mizrahi Tefahot Bank, Altshuler Shacham, Phoenix Group, Israel Electric Corporation, WSE Hong Kong Limited, Clal Group, Credito and CK Hutchison and Holdings. 

  

Research period review: 33rd edition (2023/2024) 

In banking the firm was active across the full breadth of finance work from cross-border acquisition and corporate financings to project and real estate financings to securitisation and derivatives work. The firm was also active in regulatory work and loan sales in the secondary markets. 

In capital markets the firm advised predominantly issuer side clients on large- scale IPO, secondary listings and bond offerings. 

The firm’s investment funds team was predominantly advised on the formation of venture capital, private equity and real estate funds. 

Its M&A team advised buyers, sellers and targets on cross-border and domestic transactions. The firm acted on some of the largest deals in the country during the research cycle. 

In the projects space the firm advised lenders and developers on financing and development aspects of large-scale projects in Israel. It advised on significant undertakings in energy, natural resources, chemicals, irrigation, infrastructure, rail and desalination. 

The firm was active in advising on a high volume of insolvency and restructuring mandates. It represented a wide range of clients, but mostly worked on the side of creditors. 

  

Deal highlights: 33rd edition (2023/2024) 

Leumi $850 million share offer 

Leonardo $3.5 billion public acquisition 

Greenfield Partners, Rakia Capital, Alon Med-tech $1 billion fund formation 

Mizrahi Tefahot Bank $330 million acquisition finance 

Haifa Chemicals project development 

HSBC $114 million insolvency proceedings 

Unity Software $4.4 billion merger 

 

Client feedback: 33rd edition (2023/2024) 

Capital markets 

“Herzog provided quality and timely diligence, regulatory, governance and capital markets support to DRS. With regard to regulatory analysis and filings, Herzog directly contributed to the review, development and submission of various regulatory approvals for the transaction (i.e. as applicable this included material filings with ILA, IIA, TASE and DECA).” 

“Very responsive and smart.” 

 

Nir Dash 

“Excellent lawyer.” 

 

Ran Hai 

“Ran was able to skilfully determine the needs of a U.S. client while helping us understand the nuance and particularities of Israeli lawRan was particularly supportive related to providing DRS with counsel related to the Tel Aviv Stock Exchange among other Israeli regulatory agencies.” 

 

Michal Herzfeld 

“Michal was able to skillfully determine the needs of a U.S. client while helping us understand the nuance and particularities of Israeli lawMichal was particularly skilled at helping us understand the requirements related to the Israeli Innovation and Tax Authorities as well as other regulatory agencies in Israel.” 

 

Ron Ben Menahem 

“Excellent lawyer and highly responsive; commercial.” 

 

Daniel Reisner 

“Daniel was able to skillfully determine the needs of a U.S. client while helping us understand the nuance and particularities of Israeli lawRan was particularly supportive related to providing DRS with counsel related to the Ministry of Defense among other Israeli regulatory agencies.”

Meitar | Law Offices

Meitar Law Offices is one of the largest law firms in Israel. The firm’s offices are located in Ramat Gan. 

  

Focusses / specialisms 

The firm has depth and experience across all areas covered by the ranking tables.  

In the banking area the firm advises all Israel’s large banks on compliance and supervisory law matters. In terms of lending work, the firm can often be seen on either the borrower or lender side of large corporate finance deals.   

In the capital markets area the firm is experienced and active on the debt and equity side. On the debt side it frequently represents banks as issuers, including on regulatory capital issues. On the equity side it has recently worked for Israeli companies that have undertaken IPOs abroad and in addition to some headline local deals.   

The firm has an active, highly regarded funds team experienced in advising managers and sponsors on forming real estate, private equity and VC funds.    

In M&A the firm maintains a track record of working on a good share of Israel’s largest deals and is generally at the top of annual deal value and volume charts. The high-tech sector is an industry where the firm boasts considerable expertise 

The firm’s project team’s is one Israel’s strongest in both finance and construction contract and permitting advice. The team has worked for the state or the private sector on large infrastructure PPPs and had roles on host of large power projects. On the finance side the firm has experience advising syndicates of local and international banks funding infrastructure builds.   

  

Key clients 

Key clients include Bank Leumi, Bank Hapoalim, Israel Discount Bank, Mizrahi Tefahot, Bank of Jerusalem Ltd, Similarweb, Amdocs, AudioCodes, Cellebrite  CyberArk, Evogene, Formula Systems, Galmed, Kornit Digital, Magic Software, Medigus, Mediwound, hosla Ventures, Vaizra Investments, Disruptive Capital Finance, Amadeus Capital, 83 North, Vector Capital, Accel, Arts Alliance, Applied Materials, Benchmark, Canaan, Carmel, Cedar Fund, Evergreen Venture Partners, Infinity, Stratasys, Salesforce,  Baidu, Nice, Verint,  CyberArk, Fiverr, Philip Morris, Global E and Mudabula. 

  

Research period review: 33rd edition (2023/2024)  

During the research period the firm provided comprehensive banking law advice to a broad clientele that included Israel’s top banks, challenger banks, startups and non-bank financial institutions such as insurance companies, pension funds and credit card companies. 

Engagements in the equity capital markets domain focused on assistance to issuers on large IPOs and follow-on offerings on NASDAQ and the Tel Aviv Stock Exchange. The firm was active in the SPAC space. It also had a strong year in debt capital markets, where it often represented banks issuing bonds. 

In investment funds the firm was predominantly active in the venture capital fund space, most often on fund formation mandates. 

The M&A team’s work was split between representing purchasers and targets. It was highly active in the Israeli tech sector and acted on some of the largest transactions in the country. 

The firm continued to be proactive in the projects space. Its work spanned both energy and infrastructure, and included some of the largest undertakings in Israel. 

In restructuring and insolvency the firm’s partners were often appointed as officers of the court (liquidators, receivers, trustees, etc.) on complex insolvency mandates. The firm also did work on various receiverships and creditor arrangements. 

 

Deal highlights: 33rd edition (2023/2024)  

Israel Discount Bank NIS 1.6 billion banking 

Mizrahi Tefahot NIS 2.6 million bond issuance 

Pitango Group investment fund 

Mayer's Cars and Trucks NIS 4.1 billion M&A 

Bank Leumi project development 

  

Client feedback: 33rd edition (2023/2024) 

M&A 

“Professionalism - I always had the feeling that I was receiving knowledgeable answers from people who understood the market. Startups are risky businesses, and legal dilemmas are prevalent. Many legal firms miss the point by merely presenting the risks to the CEO. Meitar, on the other hand, was able to suggest alternative, creative solutions and ways to hedge the risk. In addition, the fact that Meitar represents the biggest players in my field gave me confidence that I was in the right hands.” 
 
“Partnership - I always felt that Itay Frishman and his team were an inseparable part of my company, as a CEO. Itay was my trusted advisor for many critical questions, and he never failed me. It was a privilege for me to work with him and his team.” 
 
“Availability/Sense of Urgency - I felt that whenever something was important to me, it was important to the firm. During the most critical moments, with little to no sleep, there was no doubt that they were on my side.” 

 

PPP/PFI 

“The Meitar team are very experienced and responsive. They know the market well and always find creative workable solutions.” 

 

Adam Eytan 

“He is very creative.” 

 

Itay Frishman 

Itayi is a brilliant legal expert; his sharp mind and vast experience make him, in my opinion (and my colleagues), one of the best lawyers in his field. His commitment goes beyond standard legal services. Itay was there for me at each stage of the company, and considering his experience and track record, he has a unique perspective on the market that is even broader than that of some VCs. His knowledge has helped me make difficult decisions at critical junctions in the life of the company. Itay is always available to provide assistance, and I have complete confidence in him and his work. In challenging times, he was there to help, around the clock.” 

 

Jonathan Finklestone 

“He is extremely knowledgeable and very responsive.”

Naschitz Brandes Amir

Corporate law firm, Naschitz Brandes Amir has been serving clients in the Israeli clients since 1957.

 

Focusses / specialisms

The firm has a focus on equity capital markets and M&A. In equity capital markets, the firm is active advising on securities, contracts, on IPOs and convertible offerings.

 

Key clients

Key clients of the firm include Check Point, Wix, BofA Securities, Morgan Stanley, Goldman Sachs, Citi, Tremor International, Gilat Satellite Networks, FIMI Private Equity, Accel Solutions, Tel Aviv Stock Exchange, Inter Green, Ham-Let, Magal Security Systems, T.A.T. Technologies, ALD, Taldor Computer Systems 1986, Satcom Systems, Bet Shemesh Engines Holdings (1997), P.C.B. Technologies, G1 Secure Solutions, Micronet, Formula Vision Technologies, Siyata Mobile and Utron.

 

Client Feedback: 32nd edition (2022/2023)

Capital markets: Equity                                                                    

"They are very experienced in dealing with overseas listing issues and application of those rules to Israeli issuers."

"Very high-quality advice. Highly professional."

"Good team, attentive and knowledgeable with a 'can do' attitude. "

"The attorneys who accompany us are characterised by determination, high legal wisdom, creativity, excellent writing ability and the ability to resolve complex issues."

"Can do' attitude, loyal to the client and its needs. Knowledgeable and supportive. "

"Great advice with ongoing corporate matters."

 

M&A                                                                                       

"Both strong legal and business perspective."

 

Private equity                                                                                    

"The firm takes full ownership over the transaction, from due diligence to negotiating the documents, to arranging the closing. The work is always professional, and they communicate well with me throughout the process."

 

Jonathan Feuchtwanger      

"Very professional and business oriented. "

 

Tuvia Geffen  

"Brilliant lawyer. Highly knowledgeable."

"He's very calm, experienced and understands the London markets. This helps both on transactional issues and to act as a bridge between clients and London law firms."

"Very responsive and always gives appropriate advice that is neither too overbearing or too lenient – we can trust him. "

 

Inbar Mishory

"She is very knowledgeable and has been working in the field for years, so she knows all the players and all the moves. She does a good job of balancing helping us with how to think about business decisions while understanding that she is the legal adviser."

 

Roi Turgeman

"Can do' attitude. No fear. Attentive and pleasant. Knowledgeable and experienced. "

"Helpful, loyal, knowledgeable and supportive. Proactive and solution-minded."

Raveh Haber & Co

Raveh Haber & Co is an Israeli boutique law firm specialized in investments funds work. The firm was established in 2013 by Gil Raveh and Miriam Haber in Ramat Gan.  

  

Focusses / specialisms 

The firm is focused on fund formation and is among the market leaders locally for work in this area. 

Sectors in which the firm has expertise include high-tech, real estate and infrastructure. 

As specialists in their field, the firm regularly advises on legal system both domestic and foreign, such as the Cayman Islands, Luxembourg, and the US.    

  

Key clients 

The firm clients are Electra American Landmark, Noy Infrastructure Funds, JLTV, Tene Capital, Yesodot, Faropoint, Israel Growth Partners, Green Lantern, Buligo Capital, Hamilton Lane, Kedma Capital, JAL Ventures and Naftali Group. 

  

Research period review: 33rd edition (2023/2024)  

During the research period Raveh Haber was active in investment funds working on behalf of fund companies, structuring and establishing various funds. In addition, the firm advised on share acquisitions for private equity funds. 

  

Deal highlights: 33rd edition (2023/2024)  

Electra America $870 million fund formation 

JTLV Fund 3 Limited Partnership $623 million fund formation 

 

Client Feedback: 33rd edition (2023/2024)  

Investment funds 

“Extensive knowledge on structure, tax, and legal.” 

 

Keren Egozi 

“Professional, accurate, responsible, responsive.”

S Horowitz & Co

Established in 1921, S Horowitz & Co is among the oldest firms operating in Israel. The firm has 66 partners and a focus on international business. It is the exclusive member of LexMundi for Israel. 

  

Focusses / specialisms 

The banking department is often active in corporate finance, acquisition finance, project finance and regulatory advice. The team represents both lenders and borrowers 

The capital markets team assists in complex bond issues, representing companies in the public and private placement debt and equity securities.   

The M&A department assists local and international clients in complex transactions. The team have experience in bio-med, telecommunications, software, energy and infrastructure. 

The projects team is known for its work on projects in infrastructure, energy, oil and gas and construction. 

Restructuring and insolvency assists large Israeli banks in corporate rescue, bankruptcy, liquidation and complicated multi-jurisdictional restructurings. 

  

Key clients 

The firm assists a wide range of clients including Discount Bank, Evature, technologies, Minrav Group, JP Morgan Chase, Citigroup, Deutsche Bank, Credit Suisse, Goldman Sachs, HSBC, Morgan Stanley, UBS, Bank of America, Lloyds Banking Group, Barclays, Minrav Group, Publicis Groupe, Coral Reef Technology and Crypto.com. 

  

Research period review: 33rd edition (2023/2024)  

During the research period, the banking team primarily provided advice to lenders. Activity included advice to syndicates of lenders in project and acquisition finance. 

Capital markets work for the firm included debt and equity transactions. On the equity side the team represented clients in IPO’s, private placements and secondary offerings. The team also assisted clients in bond issues, and the issue of hybrid and convertible bonds.  

The M&A team was active in complex and innovative transactions, including a hybrid investment by a private equity firm in an Israeli telecom. Other work included public, private equity and strategic acquisitions. 

Project development work included transportation infrastructure, renewable energy, social infrastructure projects. The team was involved on PPP projects, regulatory law, and other concession agreements. 

In terms of restructuring and insolvency work, the team represented creditors in complex bankruptcy proceedings. In particular, the team advised Israeli banks in several proceedings. 

  

Deal highlights: 33rd edition (2023/2024)  

Minrav Group NIS 350million bond issue 

Bank Hapoalim NIS 1 billion insolvency proceedings 

Robert Bosch GmbH $ 700 million M&A 

Derech Eretz Highways project development 

Electra and Minrav Group infrastructure project 

Shikun & BinuiSolel Boneh $ 1 billion infrastructure project 

  

Client feedback: 33rd edition (2023/2024) 

Project development 

“The service given is of the highest levelThe first thing to point out is uncompromising professionalism, coupled with the highest level of skill and competenceThe S Horowitz team with whom we work also have a deep knowledge both of all the relevant legal issues and of the business environment in which we operate.” 

 

Avigail Kastiel 

Trully a brilliant and less professional lawyer.” 

 

Yael Rozenberg 

“Very professional, available, creative, always looking for a solution to problems.” 

 

Gitit Grinberg 

“Smart, sharp, creative, helpful, with broad knowledge and the ability to pass it on to all the members of the company, Has the ability to understand and improvise.” 

 

Ron Vered 

“Has phenomenal knowledge in the field of infrastructure and energy. Professional, pleasant, smart, knows how to negotiate.”

Shibolet | Law Firm

Shibolet & Co is a corporate law firm based in Tel Aviv. The firm also has offices in New York and Shanghai. 

  

Focusses / specialisms  

The firm has a focus on banking, debt and equity capital markets. The firm advises clients on a wide spectrum of matters including acquisition financing, re-financings, asset-based loans, bridge loans, cash flow loans, leveraged financings, multi-currency financings, secured and syndicated loans, project finance, debt restructuring, insolvency, regulatory and real estate finance. 

   

Key clients 

Among the clients of the firm are Deutsche Bank, Morgan Stanley, Goldman Sachs, Silicon Valley Bank in Israel, Electra Group, Ceragon Networks Ltd, NICE-Systems Ltd., Camtek Ltd, Compugen, El Al Israel Airlines, the Trendlines Group, Takwin Venture Partners, Top Capital Leader, theDock Innovation, Aviv Funds, Dorman Products, Searchlight, Solegreen, Siemens, Fishman Family Properties, AG and Baidu. 

 

Research period review: 33rd edition (2023/2024)  

During the research period, the banking team primarily provided advice to borrowers and lenders. The activity included advice on insurance, energy and financial services. 

Capital markets work for the firm included debt and equity transactions. On the equity side the team represented clients in IPO’s, private placements and secondary offerings. The team also assisted clients in bond issues, and the issue of hybrid and convertible bonds.  

The M&A team and investment funds was active in complex and innovative transactions, including a formation of a variable capital company incorporated in the Republic of Singapore. Other work included public, private equity and strategic acquisitions. 

Project development work included transportation infrastructure and energy projects. The team was involved on PPP/BOT projects and tenders, including renewable energy, transportation, desalination, and construction. 

Project finance projects included cross-border deals within the energy, transportation and energy sectors. In terms of restructuring and insolvency work, the team represented insolvent entities, shareholders and bidders. 

  

Deal highlights: 33rd edition (2023/2024)  

Aluma Infrastructure Fund $22 million acquisition finance 

Gama Management & Clearing $85 million bond issue 

Delek the Israel Fuel Corporation $ 200 million IPO 

i3 Partners II $ 75 million fund formation 

Ping Identity $ 2.8 billion private acquisition 

Ayalon Highway $ several billion-project development 

Fu-Gen $ 108 million project finance 

Central Bus Station in Tel-Aviv $ 293 million administration and insolvency proceedings 

  

Client feedback: 33rd edition (2023/2024) 

Capital markets 

“Experienced, devoted, unbelievable local and global network.” 

“Great team, professional.” 

“Professional very updated, smart and creative thinking, strong financial and market understanding, and the work is done very down to the detail.” 

“Good response time.” 

 

Insolvency 

“Excellent team with really great lawyers across the board.” 

 

M&A 

“Amazing negotiation skills: taking care of my interests while maintaining great relations with the other parties. Extraordinary understanding of the subject matter down to the most specific details. Outstanding service: the team was at our disposal day and night, quickly answering our questions and solving our problems.” 

“They were very helpful in constructing the deal and assisted in the negotiation.” 

 

Ofer Ben Yehuda 

“Ofer led our team's legal activities. Ofer's skills are incomparable to the industry standards. During negotiations, Ofer advanced our interests assertively while keeping a professional and positive atmosphere. Internally, despite being extremely busy, he was always at our disposal and his grasp of the discussion areas was always exceptional. He was a pillar of stability in the most stressful moments. A true and amazing leader.” 

 

Joseph Benkel 

“Yossi operates at a different level to other lawyersHe understands his cases so well and thinks deeply about how to achieve for the client what others can only imagine.” 

 

Shelly Blatt-Zak 

“Shelly is very responsive and understands the matter at hand very quickly. “ 

 

Ivor Krumholtz 

“Ivor is very accessible and has a good response time.” 

 

Einat Weidberg 

“Kind, strong, resilient, assertive, hard-working, reliable, honest, practical, responsible, very creative, capable, quick, patient, shows initiative, motivated, versatile.”

 

Adi Zaltzman 

“Smart, creative, updated.

Agmon with Tulchinsky

Agmon & Co – Rosenberg Hacohen & Co is based in Tel Aviv and has offices in Jerusalem and Be’er Sheva. In 2020, the firm opened a fourth office in Sydney, Australia.

 

Focusses / specialisms   

The firm has a focus on banking and finance and represents lenders and borrowers in financial institutions. The firm has experience in capital markets and M&A. The firm is recognised for its work in the oil and gas sectors.

  

Key clients   

Among the clients of the firm are NewMed Energy, Leviathan Consortium, Tamar Consortium, U. Dori Construction, Cellcom Israel, CO-OP Israel, Rimon Consulting and Management,Yoni and Yaacov Insurance, Housing Cooperative, Amot Investments, Kamada, LUMI, FIBI, Mercantile Discount Bank, Doral Group - Global Energy Generation (now Doral Renewables),Migdal Insurance, Navitas Petroleum, Modiin Energy, Chevron and Delek Drilling, Matzlawi Construction, VerticalScope and Generation Capital.

 

Client feedback: 32nd edition (2022/2023)

Capital markets                     

"Extreme knowledge and ability."

Amit Pollak Matalon & Co

Amit Pollak Matalon & Co was established in 1956 and is based in Tel Aviv.

 

Focusses / specialisms 

The firm has a focus on capital markets and restructuring and insolvency. In capital markets, the firm handles debt, securities derivatives and securities work.

   

Key clients

Among the clients of the firm areAvanan, SafeRide Technologies, Nano X Imaging, Gentex Corporation, aMoon Growth I, aMoon Growth II, aMoon Edge, Israel Infrastructure Fund IV, Stage One IV, Marathon Real Estate Fund, Forma Fund II, F2 Capital III, Aura Investments, Peninsula Group, Aura Smart Air, Splitit, Shaked Partners Fund, Finnovest, Forma Real Estate, The Official Receiver of the State of Israel, Rubicon Business Group, Israel Discount Bank, IBI Group, El-Mor Electric Installation and Services and Leditech, Hangzhou JinJiang Group and Ford Municipal Systems, and Tamar Petroleum.

 

Client feedback: 32nd edition (2022/2023)

Bank lending             

"Solved all the issues quickly and efficiently."

 

Investment funds                  

"They are very experienced with the Cayman fund product."

Barnea Jaffa Lande & Co

Barnea Jaffa Lande & Co is a law firm based in Tel Aviv

 

Focusses / specialisms 

The firm has a focus on investment funds. Key work for the firm involves acting for insurance companies, Israeli investments and hedge funds.  

Key clients

Among the clients of the firm areCarlyle Investment Fund, Migdal Group, GAP, Johnson & Johnson, Azrieli Group, Danel Group, Blender Group, Kibbutz Sasa, M.L.R.N., Netivei Israel, Israel Natural Gas Lines, Freemont International, Ness Technologies, Warburg Pincus and TipRanks.

 

Client feedback: 32nd edition (2022/2023)

M&A               

"Professional. Responsive. Good negotiations skills."

"Excellent work on the project."

Epstein Rosenblum Maoz

Epstein Rosenblum Maoz was founded in 2006 in Tel Aviv.

 

Focusses / specialisms 

The firm has a focus on banking and finance, investment funds, M&A and project finance. The firm is experienced in international finance and regularly advises foreign banks and major Israeli banks.

The banking team advise on a broad range of financing transactions including syndicated loans, asset finance, real estate finance and structured finance.

The firm’s project development team advise on project finance tenders, financing of projects and PPAs. The firm receives work from the oil and gas, infrastructure and power sectors.

 

Key clients 

In banking and finance, key clients include Phoenix, Bank Leumi, Solegreen, Bank Hapoalim, Prime Energy, Natixis, Bank of Cyprus and Naan-Dan Jain Irrigation.

In corporate and M&A, key clients include Faerch Plast, Bookaway, European Energy Exchange, Daimler, IDM Capital, BVI Medical and Giraffe Holdings.

In project finance, key clients of the firm include Phoenix, Bank Leumi, Bank Hapoalim, Ruby Capital and Lloyds Bank.

 

Client feedback: 32nd edition (2022/2023)

Asset finance            

"They are very business oriented and they provide excellent service."

 

M&A               

"We were very happy with their services. Both deals were complex and required coordination between several local law firms in each jurisdiction. ERM provided practical advice based on our business needs and requests and kept a hands-on approach at all times, making sure everyone, including us (the client), is being responsive and filling its part and on time. Their fees were reasonable as well."

Goldfarb Gross Seligman

Established in 1930, Goldfarb Seligman & Co is a corporate law firm with more than 300 attorneys and 100 partners. In 2020, the firm merged with Rotenberg & Co.

 

Focusses / specialisms 

The firm has a focus on banking and finance, debt capital markets, investment funds, M&A, project development and finance, and restructuring and insolvency.

In banking, the firm regularly advises on corporate financing and acts for banks, borrowers and lenders.

In capital markets, the firm is experienced in cross-border transactions and has been active working on IPOs driven by Israeli technology companies.

   

Key clients

Among the clients of the firm areCiti, JPMorgan Chase, Barclays, Morgan Stanley, Jefferies, Poalim IBI Issuances Underwriting, UMH Properties, BIG Shopping Centers, GFI Real Estate, Albar Mimunit, Itamar Medical, The Tel Aviv-Yafo Economic Development Authority, Netivei Ayalon, NTA Metropolitan Mass Transit System, Cross Israel Highway, Igudan, Amitim Pension Funds, Alon Energy Centers, SBges EPC, Forescout Technologies, Cymptom Labs, Kryon Systems, IBI Investment House funds, Finance Differently Fund, iArgento, Citigroup, Goldman Sachs, Barclays, Airtouch Solar, Photomyne, Google, Thoma Bravo Advantage and Pagaya Technologies.

 

Client feedback: 32nd edition (2022/2023)

Capital markets                     

"Smart and capable."

 

M&A               

"Excellent, full-service law firm."

Greenberg Traurig

Greenberg Traurig is a full-service international law firm with a presence in Tel Aviv, Israel. The firm has been active in the Israeli market for more than 18 years.

 

Focusses / specialisms 

The firm has a focus on investment funds, particularly within real estate. The firm is also experienced in M&A work, advising Israeli clients, and has the scope to advise non-Israeli clients.

 

Key clients 

In investment funds, key clients of the firm include Menora Insurance Company, Clal Insurance Company and Amitim Pension Funds.

In M&A, key clients include Digital Turbine, Swisscom Ventures and Enlivex Therapeutics.

 

Client feedback: 32nd edition (2022/2023)

M&A               

"The Greenberg team was incredibly committed to the client and the transaction and had a top team working on the deal."

"They are extremely professional and responsive."

H-F & Co

H-F & Co is a corporate law firm based in Tel Aviv.

 

Focusses / specialisms 

The firm has a focus on corporate and M&A matters.

 

Key clients 

Key clients of the firm include XM Cyber, Alcide.IO,Akamai Technologies,CrazyLabs, Tipalti Solutions, Kaltura, Mimecast, Zest, Pomvom, PatientPop and Sagam Group.

 

Client feedback: 32nd edition (2022/2023)

M&A

"Very professional and always super-responsive. Gave us confidence in the M&A process. Depth of knowledge in our field combined with their extensive experience was a true value-add to the team."

Horn & Co

Horn & Co is a boutique firm based in Israel. The firm is a member of Biolegis, a network of European law firms with expertise in the biotechnology sector.

 

Focusses / specialisms 

The firm has a focus on debt and equity capital markets and is active assisting clients in the technology sector.

 

Key clients 

Key clients of the firm includeZebra Medical Vision, Vascular Biogenics, Protalix BioTherapeutics and Protalix, INX, Egg’n’up, Cellect Biotechnology, Pontifax Medison Finance Israel and Pontifax and Medison Finance Cayman.

 

Client feedback: 32nd edition (2022/2023)

Insolvency                 

"Full company support."

 

Investment funds                  

"Excellent work, creative, fast (good cost benefit), solution solving, great negotiator."

Krispin Rubinstein Blecher

The Israeli boutique law firm Krispin Rubinstein Blecher & Co was formed in 2017. It operates out of Bnei Brak, Israel. 

  

Focusses / specialisms 

Krispin Rubinstein Blecher & Co is recognized for its project work within the Israeli energy and infrastructure sectors, particularly in the fields of electricity and natural gas. 

Representing a broad mix of clients, both international and local, the firm has established a strong reputation for advice provided to large-scale power plants and natural gas projects. The firm also increasingly advises on significant infrastructure projects in Israel and has demonstrated capabilities in supporting all stages of project development in various sectors. 

  

Key clients 

Key recent clients include East Hagit Power Plant Limited Partnership, Darom/Negev Natural Gas,  
Ramat Hovav Power Plant Limited Partnership, Rotem Natural Gas/Merimon North Natural Gas,  
Adanit Real Estate and Developers of Solar PV Plants and Enlight Renewable Energy. 

 

Research period review: 33rd edition (2023/2024) 

The firm was active in advising on a high volume of project development deals, the firm advised stakeholders, project company and EPC contractors in the infrastructure, energy, utilities and oil and gas sectors. 

 

Deal highlights: 33rd edition (2023/2024) 

East Hagit Power Plant Limited Partnership NIS 1.7 billion project development 

NTA - Metropolitan Mass Transit System $200 million project development 

RHPP NIS 4.3 billion project development 

 

Client feedback: 33rd edition (2023/2024) 

Project development 

“Knowledgeable on the field, familiar with new regulation, efficient, reasonable pricing.” 

 

Assaf Iluz 

“Smart, efficient, on time, knowledgeable.” 

 

Amit Krispin 

“Calm, knowledgeable, great negotiation skills, good and practical solutions.” 

 

Lipa Meir & Co

Lipa Meir & Co is a corporate and commercial law firm, founded in 1987. Since January 2020, the firm has been part of Andersen Global, an international network of lawyers and legal professionals.

 

Focusses / specialisms 

The firm has experience in capital markets and investment funds. In investment funds, the firm tackles capital funds, buyout funds, debt funds and hedge funds.  

 

Key clients

Among the clients of the firm areSarine Technologies, Foresight Autonomous Holdings, Safe-T Group, Alon Natural Gas Exploration, Australia Israel, Starwood West, Eurocom Group, Klirmark Opportunity Fund III, Ayalon Insurance Company, Pharmakon Advisors, Maritime & Logistics Ashdod, The Kibbutz Economies Group, Cosmos Capital, Harel Group, Bank Leumi Le-Israel, Bareket Financing, Netafim, The Israeli Water Desalination Administration, Ministry of Finance, Israel Ministry of Defense, Dalia Power Energies, SGTech and Meshek Energy Renewable Energies.

 

Client feedback: 32nd edition (2022/2023)

Banking and finance             

"Expertise in Singapore and Tel Aviv stock exchanges."

 

Capital markets                     

"Professional. Creative. Dedicated. Hard workers."

M Firon & Co

M Firon & Co is based in Tel Aviv and has been serving clients in the Israeli markets for more than 65 years. The firm has offices in Romania, Serbia, Bulgaria and Greece. The firm is a member of global network Interlaw.

 

Focusses / specialisms 

The firm has a focus on banking and finance, where work includes acting for borrowers, lenders and credit seekers in banking and insurance companies.

Capital markets is a focus for the firm where it advises on debt and equity.

The firm advises clients on M&A matters in the energy, infrastructure, real estate and insurance sectors.

In projects, the firm advises public and private organisations in energy and infrastructure.

  

Key clients

Among the clients of the firm areIsrael Airports Authorities, Direct Finance, Mega Or Holdings, Bayit Bakfar, Idomoo, TurboGen, Ashot Ashkelon, Vidazoo, Novolog, Superbus, Harel Insurance Company, Value Capital, Ayalon Mutual Funds, Altshuler Shaham, Nofar Energy, Ashtrom Renewable Energy, Meonot Shlomo, Harel Insurance Company, Europe Towers, Herzliya Medical Center and Dilon.

 

Client feedback: 32nd edition (2022/2023)

Banking and finance             

"Absolutely deserving a very strong rating, we have a large number of questions on different laws and they always respond and give great service in complex and sophisticated matters."

 

Investment funds                  

"Highly experienced, direct and practical approach. See the whole picture – realise that there is a business behind all the legal perspective."

Pearl Cohen Zedek Latzer Baratz

Pearl Cohen Zedek Latzer Baratz is an international full-service law firm with more than 200 lawyers in offices in Tel Aviv, Haifa, Boston, New York, Los Angeles and London.

 

Focusses / specialisms 

The firm has a focus on capital markets, particularly in the energy sector.  

 

Key clients

Among the clients of the firm arePhinergy, Nayax, Panaxia Labs Israel, Benson Oak Ventures, 2B Angels, Fundit, Shapir Civil and Marine Engineering, Egis Rail, Pan Mediterranean Engineering Company, China Civil Engineering Construction Corporation, Aluma Infrastructure Fund, Mivtach Shamir Holdings, Impresa Pizzarotti, Doral Group Renewable Energy Resources, Mercantile Bank, Union Bank of Israel, Bank Mizrahi-Tefahot,Connatix Holdings, Siemplify and DeepCube.

 

Client feedback: 32nd edition (2022/2023)

Investment funds                  

"Knowledgeable and highly connected in our domain."

 

Raz Dlugin & Co

Raz Dlugin & Co is a boutique commercial law firm founded in 2008.

 

Focusses / specialisms 

The firm has a focus on investment funds and is particularly active representing clients in the areas of venture capital funds and private and angel investors. Corporate and M&A is another notable area of work for the firm. It has strengths in the gaming and IT sectors.

   

Key clients

Among the clients of the firm areBeach Bum, Com Tec Co IT, Verbit and MarketMan.   

 

Client feedback: 32nd edition (2022/2023)

M&A               

"Smart. Experienced. Fast."

Simon-Vekslar Spierer Maoz

Simon-Vekslar Spierer Maoz is a boutique corporate law firm founded in 2019 with an office based in Tel Aviv.  

 

Focusses / specialisms

The firm is focused on project development work.

  

Key clients

Among the clients of the firm are Cross Israel Highway, Ministry of Transport and Road Safety, Netivei Israel, Mekorot Water Company, NTA , Tel Aviv Municipality and the Israel Land Authority and Mei Ashkelon - Municipal Water Corporation.

 

Client feedback: 32nd edition (2022/2023)

Project development            

"SVSM has vast experience in the field of international tenders and projects from which the Municipality has benefited – beginning in the structure and terms of the tender and the manner in which they have managed the legal aspects of this complex tender through its preparation and publications and up to the selection of the contractor and engagement made between it and the Municipality.”

“SVSM’s expertise also comes into effect by identifying unique challenges that require unique mechanisms, which they have implemented. Alongside their professional attributes, SVSM are very pleasant to work with and are available and attentive for needs that arise while providing a feasible response also on short notice. SVSM are ‘team’ players who coordinate remarkably not only with the client but also with other of its consultants and POCs as with the Israeli Water Authority who were also involved in the tender and now in the implementation of the project. "

Steinmetz Haring Gurman & Co

Steinmetz Haring Gurman & Co has been serving clients in the Israeli market for over 25 years.

 

Focusses / specialisms 

The firm has a focus on banking and finance, capital markets, corporate and M&A and investment funds.

 

Key clients 

Key clients of the firm include Menorah Mivtahim, Migdal, Bank Discount, Teddy Sagi, GrandCity, Around Town, Hilan, Fort Ross Ventures, VTB Bank, IBI Investment House, Around Town, Afcon Holdings, Tiv Ta'am Holdings 1, MirLand Development Corporation PLC., STG International, Carmit Confectionery industries, Vision Sigma and Hadasit Bio-Holdings.

Tulchinsky Marciano Cohen Levitski & Co

Tulchinsky Marciano Cohen Levitski & Co was established in 1995 in Tel Aviv.

 

Focusses / specialisms 

The firm has a focus on M&A matters and has experience advising clients in technology and pharmaceutical industries. Areas of work include advising on M&A and joint ventures.

   

Key clients

Among the clients of the firm areLuneau Technology and Visionix, RA Capital, Biond Biologics, Widex, RedDress, RedHill Biopharma and BionicHIVE.  

 

Client feedback: 32nd edition (2022/2023)

Financial restructuring                     

"Availability, responsivity, attention to details, relevant experience and professionalism."

 

M&A               

"They have vast experience in M&A transactions, commercial agreements. Highly responsive and professional."

Tulchinsky Stern Marciano Cohen Levitski & Co

Tulchinsky Stern Marciano Cohen Levitski & Co was established in 1995 in Tel Aviv.

 

Focusses / specialisms 

The firm has a focus on M&A matters and has experience advising clients in technology and pharmaceutical industries. Areas of work includes advising on M&A and joint ventures.

 

Key clients 

Key clients of the firm include Teva Pharmaceutical Industries and Advanced Dicing Technologies.

 

Client Feedback: 31st edition (2020/2021) 

Capital markets

"They are true business partners. Super-responsive, smart and understand the business needs.

 

Project development

"1. Availability and personal care - provided support throughout the process and negotiations. 2. Professional support and advice in both legal and business aspects."

Vinograd & Co

Vinograd & Co is a boutique law firm established in 2014 in Tel Aviv.

 

Focusses / specialisms 

The firm has a focus on debt and equity capital markets and investment funds. The firm has experience advising on bond issuances, and regularly advises on pension investments.

 

Key clients 

Key clients of the firm include Comrit Fund, IBI Investment, Aluma Infrastructure Fund, Menora Insurance, Phoenix Insurance, Ogen, IBI-FundIt, Rom Provident Funds, Ayalon Insurance, Tel Aviv University, Bar-Ilan University, Amitim, Ayalon Insurance Company, Harel Insurance Company and IBI Sectorial Provident Funds.  

 

Client feedback: 32nd edition (2022/2023)

Investment funds                  

"Vinograd has a strong depth of industry knowledge across the team. They are true experts in their field and are always a pleasure to deal with."

 

Private equity            

"Very good understanding of our developing business, and suggesting the appropriate legal solution and structure."

Weksler Bregman & Co

Weksler Bregman & Co is a full-service law firm and has been serving clients for over 80 years in Tel Aviv. The firm is part of MSI Global Alliance, a network of more than 250 legal firms.

 

Focusses / specialisms 

The firm has a focus on banking and finance and is active particularly in real estate, where the firm advises borrowers on loans.

 

Key clients

Among the clients of the firm areMizrahi-Tefahot Bank, Israel Discount Bank, AFI Properties, AFI Hotels, ORT Technologies, El-Mor Renewable Energy, Shiratech Solutions, Court Square Capital Partners, Trimera Group, Tel Aviv Stock Exchange, El-Mor Electric Installation and Services, Africa Israel Residences and Almogim Holdings.

Yehuda Raveh & Co

Israeli firm Yehuda Raveh & Co has been serving clients since 1974.

 

Focusses / specialisms 

The firm has a focus on banking and advises domestic and international clients on a wide range of banking matters. In project development, the firm represents clients in the energy, natural resources and infrastructure sectors.

  

Key clients

Among the clients of the firm areBank of Jerusalem, The Association of Banks, Bank Leumi Le-Israel, Bank Hapoalim, Michlol Growth, First International Bank, Altshuler Shaham Investment House, Migdal Group, Enlight Renewable Energy, Dalia Power Energies, Solel Boneh, Israel Infrastructure Fund, Dan Capital, Minrav Group, Electra Group, IDB Holdings, The Hadassah Women’s Zionist Organization, Israel Discount Bank and El Al Pilots.

 

Client feedback: 32nd edition (2022/2023)

Bank lending             

"They advise on the activities we should do regarding the problematic debt in order to lower the risk of default."

 

Banking                     

"The lawyer from YR has vast knowledge and experience in banking."

Yossi Levy & Co

Yossi Levy & Co was founded in 1992 and is based in Israel.

 

Focusses / specialisms 

The firm is experienced in project development and project finance and has a focus on work in the energy and rail sector.

Financial and corporate
Doron Tikotzky Kantor Gutman Nass Amit Gross

Established in 1997, Doron Tikotzky Kantor Gutman Nass Amit Gross & Co is a corporate law firm with headquarters in Haifa & North and offices in Austria, Cyprus, France and Romania. It has a team of more than 110 lawyers.

 

Focusses / specialisms

The firm is active in restructuring and insolvency.  

  

Key clients

Among the clients of the firm areGoatilev Holdings, Convexum, Wayout, Eldad Peri Group, Co-op Israel, The Center for Academic Studies, Avidar Security Services, Badui and Sons, Ness Polymers, Gruper, Zamir Group and Ben Yair Okev Initiative.

 

Client feedback: 32nd edition (2022/2023)

Insolvency                 

“At the Doron Tikotsky office, there is an insolvency and financial rehabilitation department headed by Dr. Shlomo Ness and attorney Shai Glickman. These are the best lawyers in the field. They have an impressive familiarity with all aspects of the field and the ability to solve problems and manage extremely complex procedures and bring about optimal results.”

“Very professional."

Sullivan & Worcester

Sullivan & Worcester is a corporate law firm with an office in Tel Aviv and a team of 18 lawyers. It has been in Israel for more than 20 years and is part of the international law firm Sullivan & Worcester, with offices also in Boston, London, New York and Washington where approximately 220 lawyers provide services.  

 

Focusses / specialisms

The firm is focused on advising mostly issuers on equity capital markets transactions, including public share offerings and IPOs.  

  

Key clients

Among the clients of the firm areNano Dimension, Alliance Global Partners, Medigus, SciSparc, Evogene and NLS Pharmaceutics.          

 

Client feedback: 32nd edition (2022/2023)

Capital markets                     

"Professional work, availability at all time, great US team and Israeli team." 

"Very well connected with service providers for Nasdaq listed companies. Very knowledgeable in the process of listing and a public offering.”