Securities and Capital Markets

EBN’s Securities and Capital Markets Department provides comprehensive legal counsel to public and private companies in Israel and abroad, including boards of directors, board committees, and executive management, on all aspects of corporate law, securities law, and corporate governance.

The department specializes in advising companies through initial public offerings (IPOs) and subsequent public offerings, including the issuance of shares, bonds, commercial securities, warrants, and other instruments. With profound expertise in securities regulation, the department advises on disclosure and reporting obligations under Israeli securities law, private placements, related party transactions, business separation arrangements, tender offers, mergers and acquisitions (including going private transactions), compensation policies, and pre-rulings from the Israel Securities Authority, among others.

In addition, the department provides ongoing legal guidance regarding compliance and enforcement, tailors internal procedures and policies to meet legal requirements, and assists clients in their implementation. The department ensures clients remain current with regulatory changes, new legislation, and case law developments.

Among its clients are leading public companies in the Israeli economy across sectors such as banking, energy, oil and gas exploration, real estate, retail, and financial services, as well as foreign entities, investment houses, underwriting firms, and other key players in the capital markets.

The department is committed to excellence, professionalism, and strategic legal insight, providing tailored, thorough, and creative legal solutions while maintaining close, personalized guidance to each client.

The legal team possesses in-depth knowledge of both Israeli and global capital markets, with extensive experience working with financial regulators (including the Israel Securities Authority, Capital Market, Insurance and Savings Authority, Bank of Israel), the Tel Aviv Stock Exchange, and a wide range of stakeholders in the capital markets ecosystem in Israel and internationally.

In recent years, we have been engaged in many high-profile and complex issues and transactions which took place in the Israeli capital Market, such as:

• Advising Taavura Holdings LTD and Allied Logistics LTD in a full tender offer to acquire all outstanding share capital of Maman- Cargo Terminals & Handling LTD, resulting in the delisting of Maman from trading and becoming a private company.
• Advising El-Al Airways LTD audit committee regarding transactions with interested party.
• Advising on the IPOs of renewal energy companies – Econergy Renewable Energy Ltd. and Prime Energy Ltd.
• Advising Blue Square Group through 15 issuances of bonds totalling in excess of NIS 5 billion between 2021 – 2023.
• Advising M. Yochananof & Sons (1988) Ltd. in a capital raising (of NIS 350 million) and debt offering (of NIS 200 million).
• Advising on debt offerings (straight bonds / convertible bonds) by Econergy Renewable Energy Ltd. (NIS 250 million) and by Prime Energy Ltd. (NIS 130 million).
• Advising Maman Cargo Terminal of the Maman Group in its debt offering (of NIS 200 million).
• Advising GoTo Global Ltd. in its merger with a traded shell company – Go.D. Investments Ltd.
• Advising an independent committee of the board of directors of REIT 1 Ltd. on engaging a management company.
• Advising Arbe Robotics on its SPAC merger with ITAC on the Nasdaq stock market.
• Advising Isracard Ltd., Israel’s largest credit card company, on a merger agreement for its acquisition by Harel Insurance Services and Financial Investments Ltd., Israel’s largest insurance group, for a consideration of approximately NIS 3.3 billion.
• Representing Yahoo in a long-term commercial agreement and issuance of 24.99% in Taboola shares traded on NASDAQ.