News

News

News

EBN represented Permira in a US$1.9 Billion transaction for the sale of its holdings in Netafim to Mexichem | 2017

EBN has represented private equity fund, Permira, in the sale of all of its holdings (approximately 61%) in iconic drip irrigation pioneer Netafim to Mexichem, a Mexican public company for US $1.9 billion.

 

This is one of the largest and most complex transactions in the Israeli economy in 2017.

 

The transaction was led by partners - Doni Toledano, Nitzan Aberbach, Roy Caner, Lior Oren, Dan Sela, Yoav Dankner, Roy Harash and Michal Rothschild, together with lawyers in the Real Estate department, the Litigation Department, the Employment department and the Antitrust department.

 

To find out more, click here.

Sirius Acquires Shares of the Phoenix Holdings from Delek Holdings | 2017

Our firm represented the insurance company Sirius, in the acquisition of shares of The Phoenix Holdings, from its controlling shareholder Delek Holdings. The transaction valued The Phoenix Holdings at NIS 4.8 billion and included an initial acquisition of 4.9% of Phoenix and an option to purchase Delek's remaining shares (47.4%).

 

Sirius was represented by Advocates Doni Toledano, Roy Caner, Lior Oren, Naama Levy, Peter Teishev, Dana Leshem and Iris Kushel from our firm.

 

Click here to read the full article (Hebrew).

"The Marker" Lists Giora Erdinast Among the Three Most Influential Lawyers in Israel for 2017 | 2017

Giora Erdinast, the founder of Erdinast, Ben Nathan, Toledano & Co., was chosen as one of the three most influential civil lawyers in Israel by “The Marker”, Israel's leading financial magazine, for the year 2017.

 

This is yet another recognition of Giora's position as one of the leading lawyers in Israel, specializing in representing major players in the Israeli economy.

 

Click here to read the full article (Hebrew).    

Mr. Zvika Shalom will be recognized as an employee of the Israel Airports Authority | 2017

EBN represented Mr. Zvika Shalom, former Chairman of the Israel Airports Authority (IAA), in a significant employment dispute with the IAA, relating to his status as an employee.

 

The Labor Court accepted Mr. Shalom's claim that he should be recognized as an employee of the IAA, and, as such, entitled to receive his employment rights.

 

The Court also condemned the conduct of the IAA towards Mr. Shalom, including the procedure itself, and took this into consideration when determining the expenses owed by the IAA.

 

Partner Miriam Kleinberger-Attar and Advocate Neta Bromberg from our firm advised Mr. Shalom.

 

Click here to read the full article (Hebrew).

Our firm represented leading global venture capital funds in a USD 200 million divestiture of their portfolio company Hola Networks to EMK Capital Partners LLP | 2017

Our firm represented Magma Venture Partners, Horizons Ventures, DFJ Venture Capital, Trilogy Equity, Iris Capital and DFJ Tamir Fishman (collectively, the "Funds"), all leading global venture capital funds, in a USD 200 million divestiture of their portfolio company Hola Networks to EMK Capital Partners LLP, a UK private equity fund.

 

This fairly complex transaction involved a pre-transaction spin off of some of the existing businesses of Hola Networks to a newly formed company that will be owned by the Funds, a unique structuring and a capital reduction that requires court approval.

 

The Funds were represented by partners Roy Caner and Viva Gayer and by advocates Amichai Perry and Ayelette Dubitzki from our M&A and High-Tech Department.

 

Click here to read more (Hebrew).

Our firm represented US public company Ferro Corporation in a cross-border acquisition of Israeli private company, Dip Tech Ltd. | 2017

Our firm acted for US public company Ferro Corporation (NYSE: FOE), as Israeli counsel, on its USD 80 million cross-border acquisition of Israeli private company, Dip Tech Ltd. This was Ferro's first acquisition in Israel.

 

Ferro is a pioneer in various technologies in the ceramics, electronics, glass and pigments markets and the acquisition will give it access to the growing and innovative digital glass printing market.

 

Ferro was represented by advocates Yoav Dankner, Miriam Kleinberger-Attar, Efrat Refaeli, Nisreen Mansour, Dana Leshem, Kay Geller and Dave Samytfreshi.

 

Click here to read the full article (Hebrew).

Gebr. Heinemann, together with James Richardson, won the tender to operate duty free shops at Ben Gurion Airport | 2017

Our firm represented Gebr. Heinemann, who together with James Richardson, won the tender issued by the Israeli Airport Authority (IAA) to operate duty free shops (LTPCC) in Terminal 3 and Terminal 1 at Ben Gurion Airport. The concession was awarded by the IAA for a period of 10 years, and will be operated by a jointly owned partnership.  

 

Heinemann, a family-owned company based in Hamburg, Germany, is a major force in the travel retail market, operating shops at 78 airports located in 29 different countries, and is considered today the fourth largest duty free operator in the world. The duty free shops in Ben Gurion Airport at Tel Aviv are considered among the most profitable duty free shops in the world.

 

Advocates Shay Dayan, Dan Sella and Daniel Henis Noyman from our Mergers & Acquisitions department advised Heinemann.

 

Click here to red more.

EBN represented a USD 5 million investment in Cognata | 2017

EBN represented Emerge and Maniv Mobility, two leading venture capital funds, that led an investment of USD 5 million, together with the investment arm of Airbus, in Cognata, a start-up company that provides a driving validation platform for the autonomous vehicles industry.

 

Emerge and Maniv Mobility were represented by Partner Roy Caner and Advocate Amichai Perry from our firm.

 

To read more, click here (hebrew).

Representaion of Av-Shal Investments and Trade Ltd. in a NIS138 million share purchase transaction | 2017

Our firm represented Av-Shal Investments and Trade Ltd., a subsidiary of Mashav Initiation and Development, Ltd. within the Clal Industries Group in a transaction for the sale of its holdings in Israel Shipyards in consideration for a total of NIS 138 million. The purchasers were entities controlled by the remaining shareholders of the Israel Shipyards.

 

Av-Shal Investments and Trade was represented by Doni Toledano, Dan Sella and Jonathan Achiron.

Arbe Robotics raises $2.5M in funding | 2017

Our firm represented Arbe Robotics in a $2.5 million fundraising to build an advanced imaging radar system for autonomous driving and increase the company's sales in the U.S. and Japanese markets.

Our M&A partner, Shay Dayan represented Arbe Robotics.

Erdinast, Ben Nathan, Toledano & Co. has been ranked by Legal 500 Europe, Middle East and Africa 2017 as one of Israel's leading law firms | 2017

Erdinast, Ben Nathan, Toledano & Co. has been ranked by Legal 500 Europe, Middle East and Africa 2017 in 13 practice areas, where numerous EBN partners were recommended: Local Litigation and Arbitration; Commercial, Corporate and M&A; Energy; Infrastructure Projects; Telecoms and Media; Banking and Finance; Private Equity; Hi-Tech (start-ups); Venture Capital; Competition/Antitrust; Dispute Resolution - Class Actions; Employment and Real Estate.

 

These latest results by Legal 500 EMEA, one of the most prestigious international directories, again reflect the quality of our work, our uncompromising professionalism, and our commitment to provide the best legal service to our clients, across a wide range of practice areas and sectors.

 

Click here to read more.

EBN is 'Israel Law Firm of the Year' at the 18th IFLR European Awards 2017 | 2017

Erdinast, Ben Nathan, Toledano & Co. is delighted to have been named as 'Israel Law Firm of the Year' at the 18th IFLR European Awards 2017 hosted in London.

 

The IFLR Awards recognize the most innovative and top tier legal work by private practice law firms around the world. 

 

Collecting the award were Doni Toledano, head of EBN's M&A department, and Jonathan Finklestone, head of EBN's Project Finance group, who stated: "Given the competitive nature of the legal market here, the national award is particularly meaningful to us as it underlines the breadth of our industry knowledge and the sophistication of our instructions. The award is a testament of the innovative work of the firm across all its departments".  

Chambers Global 2017 ranked Erdinast, Ben Nathan, Toledano & Co. in 5 practice areas | 2017

"The firm's depth of resources is impressive and its cross-border capabilities are of the highest standard," says Chambers Global 2017 about Erdinast, Ben Nathan, Toledano & Co in the latest round of research published by international legal directory Chambers and Partners.

 

We have been ranked as a leading law firm in Israel in 5 practice areas - Antitrust, Mergers & Acquisitions, Litigation, Class Actions and Projects & Energy - and an unprecedented number of EBN lawyers have also been recognized in their fields of practice.

 

"The team is first-class, devoted, hardworking, and performs well under pressure," added the guide, which interviews clients in relation to the legal skills, professionalism and client service.

Globes Dun's 100 Ranking – Erdinast, Ben Nathan, Toledano & Co are ranked as top tier | 2017

The Israeli ranking guide Dun's 100 recognized our firm as one of the leading law firms in Israel and ranked our firm in 14 practice areas, 10 of which were ranked as top tier: Litigation Mergers & Acquisitions, High-Tech, Investment Funds, Class Actions, Insolvency, Administrative law, Projects & Energy, Communications and International Commercial Law.

 

The results of the ranking reflect, yet again, the uncompromising professionalism of the firm and the commitment to provide the best legal service to our clients, across a wide range of practice areas and sectors.

EBN is Recognized by D&B as a Leading Law Firm in 12 Practice Areas | 2016

Dun and Bradstreet’s Dun’s 100 rankings recognizes Erdinast, Ben Nathan, Toledano & Co. among the leading Israeli law firms in the following twelve practice areas: litigation, class actions, M&A, hi-tech, investment funds, energy and project finance, telecommunications, cross border transactions, administrative law, competition, labor law and real estate.

Chambers Global 2016 ranked EBN as a Leading Israeli Law Firm in Corporate/M&A, Dispute Resolution, Class Actions and Projects & Energy | 2016

Chambers Global 2016 ranked EBN as a leading Israeli law firm in four practice areas: Corporate/M&A, Dispute Resolution, Class Actions and Projects & Energy.

 

In addition, the guide recognized 10 of the firm's lawyers as leading practitioners in their various fields of practice. The guide quoted clients saying, "They provide a lot of flexibility and availability, and are very business-savvy."

 

EBN is Recognized by LEGAL500 as a Leading Firm in all of its Practices | 2016

Our firm has been ranked as a leading firm in all of its practices, by Legal 500.

 

The legal 500 recognizes the firm and its partners, stating that the firm ‘combines comprehensive legal knowledge with profound business understanding’ and that the firm has 'an intelligent and experienced team of lawyers that provides remarkable insights on the matter at hand’.

 

Recent mergers and growth were also noted: "The firm significantly enhanced its capabilities with the recruitment in January 2016 of Doni Toledano and significantly enhanced its standing in the market by hiring Jonathan Finklestone and his team."

EBN is Recognized by BDI as a Leading Firm in Real Estate and in Urban Renewal | 2016

Our Firm has been recognised by BDI among the leading law firms in Israel, in Real Estate and in Urban Renewal.

Partner Tomer Weissman of the Litigation Team, is Awarded with the 2016 Client Choice | 2016

The 2016 Client Choice awards recognized Partner Tomer Weissman as one who stands apart for the excellent client service he provides as a litigator.

 

Tomer was one of only six lawyers in Israel to receive such recognition.

 

EBN is Recognized by BDI as a Top-Tier Firm in Project Finance and in Energy | 2016

 EBN has been recognized as a top-tier firm by BDI in project finance and in energy in the recent 2016 law firm rankings.

 

We are honored to be among the few law firms in Israel acknowledged as top-tier in both practices.

EBN is Recognized by BDI as a Top-Tier Firm in Litigation and Class actions and Leading in other Practice Areas | 2016

Our firm has been recognized as a top-tier firm by BDI in litigation and in class actions in the recent 2016 law firm rankings. In addition, EBN was ranked among the leading law firms in: competition, labor and administrative law.

Representation of IPP in a NIS800 Million Power Station Development | 2016

Our firm represented IPP Delek Soreq in a ~NIS800 Million project for the development of a power station with a capacity of 140MW in order to power a desalination plant.

 

Facility credit was extended by a consortium led by Bank Hapoalim B.M.

 

Delek Group was represented by Jonathan Finklestone, Head of the Firm's Project Financing Team, Partner Guy Kles and Advoacte Yoav Tal.

 

Click here to see a related article.

EBN is Recognized by Mergermarket as Top 3 in Israel and 20 Most Active M&A Law Firms in the Middle East and Africa | 2016

Our firm was recognized by Mergermarket in its 2016 H2 report among the 20 most active M&A law firms in the Middle East and Africa and among the top 3 in Israel.

 

In addition, the Alon Holdings Blue Square Israel Ltd acquisition from Alon Israel Oil Company Ltd, in which we represented the buyer, was recognized as one of the 10 largest deals in the region.

IFLR1000 Recognized EBN and its Partners as leading in M&A, Project Financing and Banking | 2016

IFLR1000 published its 2016 Israel rankings and our firm has been highly recognized among the leading law firms, a testament to our growth following the addition of the M&A and project finance teams at the beginning of the year and our extensive legal activity in the areas covered by the guide. The firm has been ranked in M&A, Project Finance and Banking. Moreover, an unprecedented number of EBN's lawyers have been ranked as leading lawyers, a strong recognition by the market of the firm's capabilities and growth.

 

IFLR on the firm and the project finance department:

 

"This year has been one of unprecedented expansion for Erdinast, Ben Nathan, Toledano & Co."

"The project finance team can now lay claim to be one of the premiere departments in Israel."

EBN is ranked by Dun’s 100 a Top 20 Law Firm in Israel | 2017

Dun’s 100 ranked EBN as the 14th largest law firm in Israel by Dun & Bradstreet Top 20 ranking for the year 2016.

 

The firm consists of about 110 lawyers, thanks to three successful inclusions of three departments - the Mergers and Acquisitions department, headed by Doni Toledano, the Project Finance Department headed by Jonathan Finklestone and the Insolvency & Restructuring Department headed by Raanan Kalir and Alon Binyamini.

EBN is ranked by BDI as a Leading Prominent Law Firms in the Field of Labor Law | 2017

EBN has been ranked as one of the most leading prominent law firms in the field of Labor law in 2017 by domestic rankings guide BDI.

 

Headed by Miriam Kleinberger-Attar, our Labor department has many years of experience, accompanying domestic and international companies in Israel on a vast range of employment issues.

Annual IFLR European Awards Shortlist Nomination for Two Project Finance Deals | 2017

EBN is proud to have been nominated twice in the shortlist for the 18th Annual IFLR European Awards - for its roles in two significant Project Finance deals in Israel.

 

The first is the development of the Ashalim (Plot B) solar thermal power station, the largest renewable energy project in Israel. This project is led by Partners Jonathan Finklestone and Timor Pesso.

 

The second is the financing of two cogeneration power plants at Alon Tabor and Ramat Gavriel arranged by a leading offshore and Israeli banks. This project is led by Partners Jonathan Finklestone and Tani Zahavi.

 

Jonathan Finklestone, head of our firm’s Project Finance department, who is leading the foregiong projects, is ranked top tier in the leading domestic and international legal directories in this practice area.

 

The Winners will be announced at a prestigious awards ceremony in London in April 2017.

Representation of Megalim Solar Power in the Development Project of a Solar Energy Thermal Power Station | 2017

We represent Megalim Solar Power Ltd., in the development of a 121MW Solar Energy Thermal Power Station in Ashalim Plot B, Israel. Once completed it will be one of the most advanced and sophisticated renewable energy projects in Israel and one of the most innovative projects globally.

 

Head of our Project Finance department, Jonathan Finklestone, who leads the legal team advising the project, pointed out: “this amazing thermo project is grabbing the attention of the world and places Israel at the heart of the green revolution.”

 

The Project has also been shortlisted for deal of the year by the IFLR.

A new ruling imposes liability on directors for prohibited distribution of dividends | 2017

A new ruling imposes liability on directors for prohibited distribution of dividends: The District Court charged four directors of Malrag - Engineering and Construction Ltd, which entered into insolvency proceedings, for the amount of the dividends totaling NIS 20 million. The Judge denied the claim brought against another three directors with regard to a different distribution made by the company in the amount of NIS 8 million.

 

Adv. Ran Sprinzak, a partner in our firm, represented the three directors that the claim against them was denied. 

A merger between EBN and insolvency specialists, Kalir Binyamini Law Firm | 2017

EBN is proud to introduce a new Insolvency department at the firm after adding seven lawyers from the highly respected Kalir Binyamini Law Firm. 


Founded by partners Raanan Kalir and Alon Binyamini, Kalir Binyamini was considered one of the most prominent firms in the field of insolvency and debt arrangements and has been involved in some of the most notable corporate bankruptcy cases in Israel.


In addition to Kalir and Binyamini, EBN also welcomes partner Hagar Guri and four additional lawyers to spearhead the new department. 

 

After the merger, the firm will comprise of 110 lawyers, including 30 partners.

 

Click here to read the full article in Hebrew

 

Private Screening of Star Wars to High-Tech Clients | 2016

Last Thursday, EBN co-sponsored an event bringing together some of Israel's most promising hi-tech start-ups and investors, in a private national premiere screening of the movie Rogue One: A Star Wars Story.

EBN hosted the event with distinguished sponsors: The Bridge Coca-Cola, Singtel Innov8 VC, Samsung Next TLV, Deutsche Telekom AG, Google Cloud, Comcast, and Israel Secondary Fund.

XIO Acquires Meitav Dash for NIS 1.5 Billion | 2016

Our firm represented XIO, a global private equity firm,  in its acquisition of Meitav Dash, a leading Israeli investment house, for NIS 1.5 Billion.

 

This acquisition is one of the largest and most complexed transactions in the Israeli market in 2016.

 

The transaction was handled by a team of approximately 15 attorneys and interns lead by Partners Doni Toledano, Lior Oren, Viva Gayer and Nitzan Aberbach.

 

To read the full article on Globes,  click here.

To read the full article on Reuters, click here.

To read the full article on Calcalist, click here

The Tel Aviv District Court rejected Cellcom's 34 million NIS suit against Bezeq | 2016

The Tel Aviv District Court rejected Cellcom's 34 million NIS suit against Bezeq.

 

Cellcom demanded of Bezeq to pay for text messages when sent from Bezeq to Cellcom. The price was set in an agreement signed by the parties back in 2004, even though the price was hundreds and even thousands percent higher than the price specified in the Communications Regulations. These apply to cellular operators only. Although the Court came to the conclusion that the agreement supports Cellcom's position, it agreed with Bezeq - that the price required by Cellcom is unreasonable, discriminating Bezeq from other carriers and it is contrary to the provisions of the Communications Act.

 

Bezeq was represented by our firm - Partner Nir Amodai of the litigation department, Partner Noa Geva of the media department, Attorneys Modi Sherpsky and Almog Gil-Or. 

 

Click here to read more.

Representation of Motorola Solutions Ventures in a US$7 Million Joint Investment with Magma Ventures in Nubo Software | 2016

A consummation of a US$7 Million Round A Investment in Nubo Software led by Motorola Solutions Ventures and Magma Ventures.

 

On behalf of our firm, Partner Roy Caner, Head of the Firm's Hi-Tech Department, and Advocate Efrat Refaeli represented Motorola Solutions Ventures and Magma Ventures.

Click here and here to read the related articles.

Miriam Kleinberger-Attar, Head of Labor Department in an Article regarding Uber Employees | 2016

Please see the following link to an opinion article by Miriam Kleinberger-Attar, Head of our Firm's Labor Department regarding rights of Uber employees in the UK.

Click here

Representation of XIO Group in a US$250 Million Refinancing Transaction | 2016

Our firm represented a private equity firm XIO Group in a refinancing transaction for a total of $250 million.

XIO is the controlling shareholder in Lumenis Ltd., an Israeli medical device company which develops surgical, ophthalmology and aesthetic applications. The company was acquired in 2015.

Advocates Doni Toledano, Dan Sella, Roy Weinberger, Peter Teishev, Noam Amir and Alon Shafrir from our firm represented both XIO Group and the controlled companies.

Please see a related article here.

Doni Toledano, Head of the Firm's M&A, in an Interview to the American Lawyer Magazine | 2016

The American Lawyer Magazine published its annual Israel report titled “Israel’s Evolving Relationship with the U.S.”. Doni Toledano, head of EBN's M&A department, was quoted in the article saying, among others: “U.S. clients have been open to accept Israeli law firms as their advisors and general counsel and not only as lawyers who are retained for the purpose of completing a single task or providing limited input regarding Israeli law”.

 

To read the full report, click here.

Representation of Mediterranean Car Agency Group in Acquisition of Chrysler Brands | 2016

The Mediterranean Car Agency Group has acquired the import activity of Chrysler brands (Chrysler, Jeep, Dodge and Ram). The transaction takes place as the result of Fiat's global acquisition of Chrysler and Fiat's desire to consolidate all of its brands' activities into a single importer.

 

The Mediterranean Car Agency Group, importer of Fiat, Alfa Romeo and Subaru to Israel, was represented by a team of EBN lawyers, including: Doni Toledano, Dan Sella, Amichai Perry, Karin Rotenberg, Michal Rothschild, Ortal Ben-Aharon, Miriam Kleinberger-Attar and Noa Geva.

 

Click here to read the related article.

Representation of Moti Ben Moshe in his acquisition of Alon Blue | 2016

Our firm represented Mr. Moti Ben Moshe in his acquisition of Alon Blue Square.

 

The deal included acquisition of the holdings of Alon's controlling shareholders for NIS 113.4 million, purchase of the public's holdings and delisting of the company from the NYSE in addition to completing a debt settlement with Alon's financial creditors for approximately NIS 1 billion.

 

Our firm represented Ben Moshe in all aspects of the acquisition, with a team that includeded Doni Toledano, Roy Caner, Viva Gayer, Shay Dayan, Daniel Henis Noyman, Miriam Kleinberger-Attar, Inna Gorin, Michal Rothschild and Ortal Ben-Aharon.

 

Click here to read the related article.

Representation of Tene in an Investment in CaeserStone based on a Company Value of US$1.5 Billion | 2016

Tene Investment Fund acquired ~3% of the share capital of CaesarStone, second largest manufacturer of quartz surface for kitchens. In addition, Tene was granted with an option to acquire additional ~6% share capital. The transaction investment amount is US$43 million at first stage, reflecting a company value of US$1.5 Billion.

 

Our firm represented Tene Investment Fund in all aspects of the transaction, including antitrust aspects.

 

On behalf of our firm, Partners Doni Toledano, Lior Oren, Michal Rothschild, and Advocates Peter Teishev and Ortal Ben Aharon represented Tene Investment Fund.

Please see a related article here.

Representation of BMV's Founders in the sale of Mitral Valve Operations to Allium Medical | 2016

In the framework of the transaction, the parties executed an agreement for the sale of all rights and assets relating to the development operations of a Heart Mitral Valve.

 

On behalf of our firm, Partner Yoav Dankner, and Advocate Tal Mazurik represented the Founders of BMV.

 

Click here to read the related article.

Representation of Toluna in the Acquisition of Israeli Startup Crossense | 2016

Digital insights company Toluna Buys Israeli Startup Crossense.

 

Toluna was represented in the transaction by attorney Shay Dayan, a partner in our firm, and associate Daniel Henis Noyman.

 

Crossense developed a technology that measures consumers' online behavior, such as music and video consumption, exposure to advertisements and online purchases. Headquartered in Paris, Toluna is a survey company serving about 2,500 companies, including Disney, Sony and McDonald's.

 

Please see a related articles in The Marker and Fortune .

Representation of David Wiessman in a NIS 364 Million Acquisition of Sonol | 2016

Israel Oil and Gas Fund, owned by David Wiessman, is acquiring the Israeli gas station chain, Sonol Israel Ltd., from Azrieli Group Ltd. for NIS 364 million.

 

Israel Oil and Gas Fund was represented by Doni Toledano, Partner and Head of the firm's M&A department, along with Partners Lior Oren and Nitzan Aberbach and Associates Eyal Wiesel, Anat Alper and Tal Maman.

 

Click here to read the related article.

Representation of Israel Discount Bank and Harel Insurance Company in a Billion NIS Financing Project | 2016

We are proud at EBN to have represented Israel Discount Bank and Harel Insurance Company in the billion NIS financing of a 120 MW power plant being developed by OPC at the site of Hadera Paper.

 

On behalf of our firm, Partners Jonathan Finklestone, Tani Zahavi, Timor Pesso and Advocate Yoav Tal represented Israel Discount Bank and Harel Insurance Company.

 

Click here to read the related article.

Representation of Kwik in a US$3 Million Investment Round led by Norwest Venture Partners | 2016

"Kwik", an Israeli company that develops a button to quickly order products and services, has raised three million dollars, led by Norwest Venture Partners Fund and other investors.

 

The new development by Kwik will enable ordering products from a variety of brand by pressing a button - literally. Each product or service that is ordered on a regular basis, can be adapted to the platform (such as coffee capsules, pizza, bottled water and diapers).

 

Kwik was represented by partners Roy Caner and Viva Gayer and associate Yael Ben-Yair from our firm.

 

Click here to read the related article

Representation of Tnuva, Gaon Holdings and Livnat Group in a NIS37 Million Control Sale of Shivuk Botnim | 2016

In the framework of the transaction, Tene Investment Fund acquired from Tnuva, Gaon Holdings and Livnat Group 51% of Shivuk Botnim in consideration of NIS37 Million.

 

On behalf of our firm, Partner Yoav Dankner and Advocates Hai Baruch and Daniel Henis-Noyman represented Tnuva, Gaon Holdings and Livnat.

 

Click here to read the related article.

Partner, Roy Caner, Interviewed by The Lawyer | 2016

The much-acclaimed London-based legal news site - The Lawyer - has published its semi-annual feature article on Israel. Roy Caner, head of EBN’s Hi-Tech department, was interviewed and quoted saying “We recognize that today a hi-tech company would like you to represent it during its life cycle and during its M&A transaction, so we established a team to do it.

For the full article, click here

Partners Roy Caner and Viva Gayer in an Article regarding Representations and Warranties in an Investment Agreement | 2016

What are the representations and warranties in an investment agreement? How are the provisions that deal with representations and related indemnification structured and what are their unique features?

 

An article that answers these questions was written by Roy Caner and Viva Gayer, partners from our Hi-Tech and M&A departments, and published in Startisrael.

Click here to read the related article.

Representation of Milgrom family in lawsuit against Technion | 2016

Erdinast, Ben Nathan, Toledano & Co. represented the Milgrom family in a lawsuit against the Technion, its R&D foundation and one of its researchers. The plaintiffs claim that Technion researchers manipulated research and experiment result, in order to present the commercial potential of the technology they have developed, in order to attract millions of dollars in investments.

 

The Milgrom family was represented by Giora Erdinast, Arik Brenneisen and Tal Erdinast.

To read the full article in Hebrew click here

Representation of Kaymera in raising USD 10 million | 2016

Erdinast, Ben Nathan, Toledano & Co. represented Kaymera, an Israeli telecom startup, in raising USD 10 million from Chinese strategic and financial investors.

Kaymera Technologies was represented by partners Roy Caner and Viva Gayer and by Adv. Hila Gafni.

Representation of Africa Israel in a combination deal | 2016

Erdinast, Ben Nathan, Toledano & Co. represented Africa Israel Residences Ltd.in the signing of a NIS 27 million combination agreement with three private landowners for the establishment of a residential and commercial project in Ramat Gan. The project includes plans for 62 residential units in a new residential building that includes facade preservation, as well as commercial areas and a three level garage. The deal was led by EBN's real estate department, led by partner Daphna Fuchs together with Netanel Dautch and Guy Engel.

To read the full article in Hebrew, click here

Erdinast, Ben Nathan continues its expansion as the go to firm for lawyers and clients alike | 2016

Erdinast Ben Nathan & Co. is delighted to announce two groundbreaking additions. Doni Toledano, as head of M&A, and Jonathan Finklestone as head of Project Finance.

Doni Toledano joins with a group of M&A partners and associates, including partners Lior Oren and Dan Sella. Together with EBN's existing team, the group will comprise 25 lawyers and create one of the largest, most sophisticated and experienced M&A departments in Israel, considerably expanding the pool of corporate transactions and corporate finance experience and enhancing the firm’s reputation in the domestic and international markets. Doni will head the M&A group, working alongside Roy Caner, who will head the High-Tech group, and Yoav Dankner, who will head the Commercial group.

The addition of the renowned Project Finance team into the fold, led by Jonathan Finklestone (together with partners Dr. Tani Zahavi and Guy Kles) which has been consistently ranked in the highest tiers by both international legal directories Chambers Global and Legal 500, brings a wealth of experience which compliments EBN's existing and renown Energy and Infrastructure department, led by Uri Noy (together with partner Nadav Olgan).


EBN Founding Partners, Giora Erdinast and Rami Ben Nathan, pointed out: "This is a game changer for Israeli law firms. IT continues the impressive period of growth at the firm and is the logical next step to meet client demand and our increased workload. The merger drives our firm across a new frontier in both M&A, Project Finance and Energy and all the other Firm practice areas.”

Doni Toledano added: "I am excited to join forces with Giora, Rami, Roy, Yoav and their teams, as well as the rest of EBN's lawyers.  I have known and respected all of them for years. The partners and lawyers joining me in this merger are the best in the field and this merger was the right choice, creating extraordinary opportunities for us all." 

Jonathan Finklestone said: “Joining forces with EBN is a great opportunity for us. EBN is renowned for its excellent professionals whom we know well and with whom we have worked in the past, and we look forward to contributing to the continued success of the firm.”

The firm will now be known as Erdinast, Ben Nathan, Toledano & Co. and will be one of Israel's largest law firms.

Corporate Venture Capital in Israel - Where is the Money is Going? | 2015

Erdinast Ben Nathan & Co. in partnership with Axis Innovation presents: Corporate Venture Capital in Israel - Facts & Figures 2015. See who are the big fish in our little pond and where the money is going. 

Click here for infographic

Michal Rothschild Authors Merger Control - Israel Chapter | 2015

Adv. Michal Rothschild, head of EBN's competition department, authored the Israel chapter in the field of Merger Control. This chapter appeared in the 2016 edition of The International Comparative Legal Guide to: Merger Control; published by Global Legal Group Ltd, London. Click here to read the chapter.

Representing Amitim Pension Funds in a Real Estate Tender | 2015

EBN's real estate department is representing Amitim Pension Funds in a tender to selling its rights in London Ministor - an iconic landmark in the hear of Tel Aviv. The matter is valued at NIS 40 million and led by Daphana Fuchs, head of EBN's real estate department.

Our firm represents Mr. Moti Ben-Moshe | 2015

Our firm represents Mr. Moti Ben-Moshe in a legal conflict conducted between Mr. Eduardo Elsztain and himself, with respect to their joint investment in IDB, Israel’s largest holdings corporation. Over the course of an arbitration procedure between Ben-Moshe and Elsztain, Ben-Moshe’s approach had been sided with and it has been declared that Elsztain is exclusively obliged for the entirety of obligations determined in the debt arrangement (including and obligation at the sum of 512 million ILS to perform tender offers) after he purchases Ben-Moshe’s shares for the sum of 152 million ILS. During the aforementioned procedure, an injunction which prevented Ben-Moshe’s removal from IDB’s board of directors was granted in Ben-Moshe’s favor. In another procedure held at the Tel Aviv district court, our firm has succeeded in bringing to the denial of an appeal to initiate foreclosure upon the funds received by Ben-Moshe after selling his shares to Elsztain.

An Essential Look into Founders Agreements | 2015

An article focusing on founders' agreements, written by M&A and Hi-Tech Partners Roy Caner and Viva Gayer was published in 'Start Israel'. The article highlights the main points to keep in mind when drafting founders' agreements, and addresses the four main categories of these agreements: establishing the company, the company conduct, departure of a founder, and the relations maintained between the company and its founders once a founder has left.

To read the full article in Hebrew, Click here.

Roy Caner Featured in The Lawyer Magazine | 2015

The Lawyer, one of the prominent international legal news outlets, published its Israel edition, titled "It's All Go in Silicon Wadi". The article discusses the booming hi-tech sector, Chinese investments, rows over competition and M&A trends. Roy Caner, EBN's co-head of M&A and Hi-Tech, was quoted in the article saying, among other: "The interest of Chinese and other Asian investors in Israel has increased in recent years, and substantially in the past two years...In addition there has been a spike of interest by foreign investors in Israeli technology".

To read the full article, Click here

largest payout ever determined in Israel for a single plaintiff | 2015

the Supreme Court of Israel accepted the appeal of Gad Zeevi against the seven largest banks in Israel. In a case led by Giora Erdinast, Ran Sprinzak, Tomer Weissman Efrat Cibulski and Yuval Naim, the Supreme Court stated that the default interest charged from Zeevi pursuant to a loan agreement, made in order to finance the purchase of Bezeq shares, constituted a form of liquidated damages, and should be reduced. As a result, the banks were required to repay Zeevi NIS 280 million, the largest payout ever determined in Israel for a single plaintiff.

To read the full article in Hebrew, click here

Bezeq-Yes merger is underway | 2015

Israeli Prime Minister Benjamin Netanyahu, as the Minister of Communications, approved the merger between Bezeq and the satellite TV operator Yes. The decision came after the Israeli Antitrust Commissioner approved the merger of Bezeq and Yes last year under several terms that will ensure that such merger will not undermine competition in the multi-channel TV market.

Erdinast, Ben Nathan & Co represented Yes in this matter.

Crowd Funding - Article | 2015

M&A and Hi-Tech Partners, Roy Caner and Viva Gayer wrote an article published in 'Start Israel' the Portal for Israeli Entrepreneurship. The article discusses the fast growing funding method called “Crowd Funding”. Crowd Funding is different from all other types of funding, since it is done by private citizens using various internet platforms. The article continues to discuss the pros and cons of this type of funding compared to others. ‘Crowd Funding’ has enormous potential for young innovators and social organizations. “This method looks like it’s here to stay; therefore it’s important to know it well and fully understand it in order to maximize its use.”

To read more click here 

Representation of former CEO of 'Gvaot Olam' in legal proceedings against his partners | 2015

Erdinast, Ben Nathan represents Tuvia Luskin, the former CEO, a shareholder and director of Givot Olam, in legal proceedings against the other shareholders of the company, in which he claims for oppression of minority. Givot Olam operates in the business of exploration and production of oil in the Meged oil field near Rosh Ha'ayin. The matter is handled by Ran Sprinzak, Naama Ehrlich and Maya Toledano.

 

For the full article, click here (Hebrew)

The long standing dispute on the project "Shukanion" in Jerusalem has finally come to a close | 2015

Litigation Partner Ran Sprinzak and Noa Bar, represented Ephraim Henig in a law suit spanning over 14 years regarding the "Shukanion" adjacent to Mahane Yehuda market in Jerusalem. Henig's partner on this project, the Arenson company, claimed that Henig and Papouchado did not provide the money they were supposed to allocate for the project. The legal proceedings concluded with Henig winning the lawsuit. 

 

To read the full article  click here (Hebrew)

Representing "Radio Darom" in a petition to the High Court of Justice against the Second Authority for Television and Radio and the Minister of Communications | 2015

At the beginning of April, the radio station "Radio Darom", represented by Rami Ben Nathan, Noa Geva and Modi Sherpsky, filed a petition to the High Court of Justice to cancel the decision of the Second Authority for Television and Radio to withdraw the permit allowing the station to split its broadcasts into a special broadcast to the people living in the South of Israel on the Gaza border and a different broadcast to the rest of the audience in the south. The petition holds that the splitting of broadcasts is an essential service to the people living in this area and that the permit was legally issued by the Second Authority. The petition also touches on numerous additional flaws in the decision. Being fundamentally flawed, the withdrawal of the permit must be canceled.

EBN involved in Japanese giant NTT's first business activities in Israel | 2015

A huge transaction that is set to bring, NTT,  a Japanese media giant, to Israel, was recently finalized after two years of negotiations. Med 1, which is Israel's largest data center operator, was represented by EBN. The joint venture would enable the two companies to offer enterprise-class public cloud services, with an estimated investment of.

To read the article in Hebrew Click here

EBN Represented Diwip in its acquisition | 2015

The beginning of the week was marked with an important achievement for the Social Gaming sector in Israel. Roy Caner, Viva Gayer and Avraham Berenson from EBN represented the acquired Israeli company, Diwip and its shareholders in its acquisition for up to $100 million by the Canadian public corporation, Imperus. 

To read the article in Hebrew, Click Here

Hi-Tech Collaboration Retreat in Wyoming | 2015

American Hero Partners Group, a team of entrepreneurs that has built several billion dollar businesses, held its exclusive retreat to which Roy Caner, head of EBN's M&A and Hi-Tech was invited, along with fellow Israelis Omri Lavie, Co-Founder and VP BD of NSO and Avi Rozen, CEO of Kaymera. The retreat allows promissing companies from Israel and the US to interact in order to enhance collaboration, as well as to continue to cooperate with Hero Partners . American Hero Partners is headed by Rob Ryan who grew his start-up to the largest technology exit in the US at approximately $24 billion.

Neta Bromberg's Responds to Sexual Harassment Ruling – Ynet | 2015

Neta Bromberg, from the labor law department at EBN, was interviewed by Ynet about a resolution stating that it is considered sexual harassment for an employer to threaten an employee to reveal private details about her so called romantic life  awarding the employee  a compensation of 10,000 Shekels. According to Bromberg, we are witnessing another interpretation of the Prevention of Sexual Harassment law. This commentary indicates that there should be an absolute separation between  the employee's private life and the work place (whether such statements related to the employee are true or untrue), and that it is the employer’s duty to preserve the employee's good reputation.

To read the article in Hebrew, click here

Adv. Ran Sprinzak Responds to Foreign Minister's Statement | 2015

Following the statements made by Avigdor Lieberman, Foreign Minister and the chairman of Israel Beiteinu, regarding his dream about a police conspiracy to overthrow him, Ran Sprinzak, partner in the Litigation department of our firm, was interviewed for TheMarker. Sprinzak explained that due to the latest ruling of the Supreme Court, it is most likely that the law will not recognize a dream as a defense against the prohibition of defamation.

To read the article in Hebrew, click here

EBN Represents a Patient in a Precedential Ruling Allowing the Disuse of Ventilators | 2014

Legal precedent in the area of euthanasia in Israel - an unprecedented decision taken by the Tel Aviv county court to allow the use of euthanasia on an ALS patient. Giora Erdinast, founding partner and head of the litigation department at EBN, led the claim of the patient who remained lucid yet lost the ability to speak, eat, or breathe on his own due to his muscular dystrophy. His medical situation led the patient to seek legal assistance in his wish to end his life with dignity and respect.

To read the full article, Click here

Representing Diwip in its acquisition by Canadian Imperus Technologies | 2014

Erdinast Ben Nathan & Co.'s Mergers and Acquisitions department represented Diwip, an Israeli social gaming company, in its acquisition by Imperus Technologies, a Canadian company traded on the Toronto Stock Exchange, that specializes in social networking, mobile gaming and real money gaming. The purchase price in this transaction can reach to up to USD 100 million. Roy Caner and Viva Gayer, partners at EBN's M&A department and Avraham Berenson an associate at EBN's M&A department, represented Diwip.

Click here to read the press release.

Head of EBN's Energy Department Responds to Government Authorization of new MW400 Quotas. | 2014

Uri Noy, head of EBN's Energy & Infrastructure department was quoted in the financial press with regards to the recent government resolution allocating 400 MW quota to solar energy projects in Israel. Uri believes that this action, although two years late, will rejuvenate the solar sector. EBN is a market leader in the field of renewable energy, in general, and solar energy in particular, since the inception of this market in Israel. EBN has handled the financial closing of more than half of the total 500MW of solar energy projects which were constructed in Israel. 

To read the article in Hebrew, press here

Involvement in Three of the Leading Israeli "Exits" of 2014 | 2014

2014 is shaping up to be another record year in terms of “exits”, according to Globes, a leading Israeli financial paper. Since the beginning of the year, Israeli companies have been sold at an aggregate value of approximately USD 3.5 billion. Among the top-listed exit transactions, by value, are three that Erdinast Ben Nathan was involved in - the sale of NSO to a leading global private equity fund (so far, the largest private equity acquisition in 2014), the sale of Diwip to Imperus and the sale of GPS Global to SecureAlert.

To read the ardicle in Hebrow click here

EBN Represents the Supermarket Chain AM:PM as part of a Denied Motion for Inhibiting the Opening of Businesses during Shabbat | 2014

A Court in Tel Aviv dismissed a motion to shut down businesses operating on the Sabbath. The Court declared that Interior Minister Gideon Saar's decision to suspend a law that will allow operation on the Sabbath is void. Giora Erdinast, Tomer Weissman, Avi Stav, Chen Neeman, and Yehudit Maayan from EBN represented AMPM, a national supermarket chain. Giora Erdinast: "The ruling means that the businesses currently operating on the Sabbath in Tel Aviv can continue doing so and Tel Aviv’s character will be determined by its residents and not by the personal view point of the Interior Minister”.

To read the article in Hebrew Click Here

Mey- Eden Multinational Transaction for Purchasing Bottled Water Coolers Activity around Europe | 2014

Our firm represented Mey Eden, a leading international water company in its acquisition of Nestle’s water activities in five European countries: Russia, Germany, Poland, The Netherlands and Portugal. This acquisition establishes the position of Mey Eden as the largest water supplier for offices in Europe.

 

Viva Gayer, partner in the firm's M&A department, led this complex transaction.

Representing Supergas in Purchasing Electricity Manufacturing Solar Systems | 2014

The firm was mentioned in an article that was published in Calcalist, a leading financial paper, regarding the tender to sell Supergas solar installations. Our firm represented the company in the tender, in which five companies showed their interest in acquiring 16 solar systems.

 

The firm's Energy and Infrastructure department, headed by Uri Noy, led this transaction.

An Overview of Israeli Market Trends Published in "The Lawyer" Magazine | 2014

The Lawyer Magazine, a prestigious and well-read magazine for lawyers in the UK, has published its half-yearly review of Israel.

 

Roy Caner, partner at the Commercial department, was interviewed about Israeli market trends, particularly on cross-border transactions.

Ruling Rejecting a Libel Suit against Google – An Analysis by Ran Sprinzak | 2014

Ran Sprinzak, Litigation partner, was recently interviewed for an article that was published in TheMarker. The article analyzes the ruling of Justice Hanna Yinon of the Tel Aviv Hashalom court, who rejected the defamation claim against Google.