Precedent setting rulings in the field of competition are expected to influence the conduct of the issues of position and of Monopoly’s owners
Client Updates | July 2020
Recently a number of significant and precedential rulings have been issued in the field of competition law. How are these rulings expected to influence the conduct of officials and monopolies?
Find out all the answers in this new (Hebrew) legal Update written by our Competition and Antitrust department click here!
El Al sells Maman stake
Deals & Cases | MAY 2020
the largest logistics and transportation company in Israel and The Allied Group, who acquired shares from EL AL Israel Airlines Ltd. in Maman – Cargo Terminals & Handling Ltd., a public company.
The team was led by partner Yoav Dankner and attorney Iris Kushel, and supported by partners Moty Yamin and Hagar Guri of the firm’s Securities Department, as well as by Michal Rothschild and Shelly Wechselmann of the firm’s Competition Department.
Our client Carasso Motors Ltd., acquired 100% of Cal Auto, a leading car leasing group, by assuming all of its financial obligations of approximately NIS 1 billion
Deals & Cases | May 2020
Congratulations to our client Carasso Motors Ltd., a prestigious vehicle importer, which acquired 100% of Cal Auto a leading car leasing group, by assuming all of its financial obligations of approximately NIS 1 billion. As a result, Carasso Motors reinforced its position as a major player and leader in the local automotive market! The team was led by Partners Doni Toledano, Lior Oren and Roy Gross, along with attorneys Iris Kushel, Shir Rogers, Uri Bergman and interns Dorin Pinkas, Bar Fenster, Bar Rozov and @May Zbeda. The team was also supported by Alon Binyamini of the firm’s Restructuring Department, by the Labor Law Group, and specifically by Miriam Kleinberger-Attar, Dafna Albeck and Matan Szatmary as well as by Michal Rothschild and Shelly Wechselmann of the firm’s Competition Department.
19 Advocates in the firm were rated as leading individuals by the Legal500, in each of the firm’s practice areas, a testament to the professionalism and uncompromising quality we give to our clients. Warm congratulations to Giora Erdinast, Doni Toledano, Uri Noy, Roy Caner, Raanan Kalir, Alon Binyamini, Ran Sprinzak, Miriam Kleinberger-Attar, Tomer Weissman, Dan Sella, Lior Oren, Shay Dayan, Viva Gayer Gayer, Michal Rothschild, Hadas Bekel, Nadav Olgan, Roy Gross, Roy Harash, Jonathan Achiron, and Bat El Elias Zada who were recognized by the rankings guide.
Yesterday (17.3) the Commissioner of the Competition released clarifications on the background of dealing with the Corona virus in Israel
| March 2020
Further to the difficulties facing the Israeli economy in dealing with the Coronavirus, yesterday (17.3), the Competition Commissioner issued a number of clarifications regarding the conduct of business during this period, mainly: Cooperation between business entities (including competitors), easing restrictions on merging companies prior to approval of the merger By the supervisor and maintaining competitive norms even during a crisis.
EBN Top rankings in the Chambers Global Guide 2020
Client Updates | February 2020
We are ranked in 11 areas of the latest ranking guide by the global publisher, Chambers and Partners: Litigation, Mergers and Acquisitions, Projects & Energy, Technology, Antitrust, Insolvency and Restructuring, Banking and Finance, Labor Law, Class Actions, Telecoms, Media and Broadcasting, and Start-ups and Emerging Companies.
In addition, a fabulous dozen partners were ranked as leaders in their fields: Giora Erdinast, Doni Toledano, Uri Noy, Roy Caner, Miriam Kleinberger-Attar, Ran Sprinzak, Michal Rothschild, Moty Yamin, Tomer Weissman, Raanan Kalir, Alon Binyamini and Dan Sella.
Tene Investments Funds completed the purchase of 46% of the share capital of Traffilog Ltd.
Deals & Cases | January 2020
Traffilog offers an advanced monitoring and locating system for drivers and car fleet managers, based on its unique in-depth automotive engineering knowledge, strong real-time programming skills and modern web-based applications by a vast network of leading experts in the fields of transportation, communications, logistics, operations and software development.
Our client, Tene, was represented by a team of lawyers from our M&A department led by senior Partner Lior Oren, Partner Eyal Wiesel and Associate Uri Bregman, along with Miriam Kleinberger Attar, Head of our Labor Department, Associate Matan Szatmari of our Labor Department, Michal Rothschild, Head of our Competition and Antitrust department and Associate Shelley Wechselmann of our Competition and Antitrust department.
Blue Square Real Estate Ltd (BLSR), owner of one half of TLV Fashion Mall, acquires the other half
Deals & Cases | December 2019
Blue Square Real Estate Ltd (BLSR) controlled by Mr. Moti Ben Moshe, owner of one half of TLV Fashion Mall, acquires the other half!
Congratulations to our client, Blue Square Real Estate Ltd., which signed a deal to acquire the other 50% of GINDI Group’s shares in TLV Fashion mall for 225 million NIS, and additional direct permutations such as discharging Gindi Group from prior guarantees.
Blue Square Real Estate Ltd. was represented by Alon Binyamini, Partner and co-head of EBN’s Insolvency and Restructuring group, together with attorney Asaf Skarbnik and intern Dorin Pinkas. Also, took part Michal Rothschild, Partner and head of EBN’s Competition and Antitrust department, attorney Shelley Wechselmann, and Lior Etgar advised on this monumental transaction in the sector.
Israeli District Court Limits Antitrust Claims Regarding Foreign Cartels
Client Updates | December 2019
Israeli District Court limits antitrust claims regarding foreign cartels! Check out the new legal update by Ran Sprinzak and Tomer Weissman, Co-Managers of our Litigation Department, and Michal Rothschild, Head of our Antitrust and Competition Department, here>> https://lnkd.in/d592ctr
Merger Approved! Bank Mizrahi-Tefahot and Bank Igud Will be Permitted to Merge
Deals & Cases | November 2019
Merger Approved! Bank Mizrahi-Tefahot and Bank Igud will be permitted to merge following an almost unprecedented decision, a first in the past decade, by the Competition Tribunal (Hon. Judge Oded Shaham) that granted the appeal against the decision by the Israel Competition Authority to prohibit the merger. The Judge stated that there is no basis to conclude that the merger between the two banks would substantially harm competition in Israel, despite claims to the contrary made by the Israel Competition Authority. Bank Mizrahi-Tefahot was represented by Giora Erdinast, Head of the Litigation Department, Doni Toledano, Head of the M&A Department, Michal Rothschild, Head of the Competition Law and Antitrust Department, Arik Brenneisen, Partner in the Competition Law and Antitrust Department, Associate Shelly Wechselmann and Intern Dafna Tadmor. An incredible achievement for all those involved!!! For further reading >> http://bit.ly/34tw5WX; http://bit.ly/2L1nMdk; http://bit.ly/33wlcSR; http://bit.ly/2OSBX5G
Or Yehuda College is rescued and off to a new start!
Deals & Cases | September 2019
The students of the struggling college which found itself with a NIS 84M debt, will be going to school in four other private colleges – The College of Law & Business in Ramat Gan, The College of Management , Ono Academic College and Peres Academic Center.
Raanan Kalir, Co-Head of the Insolvency Department, was appointed together with Shlomo Ness as an officer of the court to rescue the college. The efforts of the officers proved to be fruitful and after two intensive weeks, a solution was achieved for all students and lecturers to be accepted to four other colleges. The solution was blessed by the court and the Council of Higher Education, who praised the vigorous efforts of the officers.
Raanan Kalir & Alon Binyamini, Heads of the Insolvency Department, Michal Rothschild, Head of the Antitrust Department, Amir Algazi and the Intern Dorin Pinkas handled this case. For the full article in Calcalist >> http://bit.ly/2ljyHpb
Representation of Three Financial Organizations Joining Mishkei Solar Energies
Deals & Cases | July 2019
Our firm represented three financial organizations (Mishkei Emek Beit-Shean, Mishkei Emek-Izrael and Pituach Hagalil), joining Mishkei Solar Energies, a partnership operating in the field of Renewable Energies. The deal was accompanied by Nadav Olgan, Head of our Energy & Infrastructure Department, Shay Dayan, Partner in our Corporate & M&A Department, Michal Rothschild, Head of our Competition Law & Antitrust Department and the Associates Mor Albojm, Shirly Kabas, Shelly Wechshelman & Tzvika Marx.