Chapman has been selected and is serving as U.S. counsel to the bond trustee in connection with the restructuring of approximately USD60 million of bonds traded on the Tel Aviv Stock Exchange. The bonds had been issued by Delshah Capital Limited, a British Virgin Islands issuer whose U.S. subsidiaries are engaged in the acquisition and […]
Author: Idan Nishlis
The Vesttoo board of directors officially fired Bertele and Chief Financial Engineer Alon Lifshitz last week. This decision came in light of the investigation by financial and risk advisory Kroll, which looked into the alleged fraud at the fintech company. Founded in 2018, the Israeli company filed for Chapter 11 bankruptcy protection in a Delaware […]
Israeli generative AI unicorn company AI21 Labs has closed a USD155 million Series C financing round, valuing the company at approximately USD1.4 billion. Investors include Walden Catalyst, Pitango, SCB10X, b2venture, Samsung Next and co-founder Prof. Amnon Shashua, with participation from Google and Nvidia. The new funding brings the total amount raised by AI21 Labs to USD283 million. […]
Three different groups won the tender for the management and planning of the metro lines at an estimated cost of NIS 7-8 billion. Minister of Transportation Miri Regev added: “The great response to the tender, which was approached by leading infrastructure, transportation and finance entities from Israel and the world, testifies to the strength and […]
Even without official statistics, the trend on the ground is clear: more and more companies are getting into financial difficulties and turning to insolvency proceedings. Real estate companies, high-tech companies, even defense companies. No-one can evade the economic situation. What in the past was confined to this or that sector undergoing a shake-up of its […]
On August 18, 2023, in Thaler v. Perlmutter, Judge Beryl A. Howell of the U.S. District Court for the District of Columbia granted the U.S. Copyright Office’s motion for summary judgment, affirming the Copyright Office’s decision that a work generated entirely by AI with no human input is not copyrightable. How likely will that become […]
Fintech, more than any other industry, is influenced by macroeconomic trends. But the current downturn in investments is largely a market correction, presenting a great opportunity for fintech growth, writes Ronen Assia, Managing Partner at Team8 and co-founder of eToro. Read this interesting opinion piece in Calcalist.
Vietnamese electric car maker VinFast Auto (Nasdaq: VFS), which made its IPO on Nasdaq last week and is now traded at a market cap of USD86 billion, is expected to start selling its vehicles in Israel and Europe this year. Read more in Globes.
Clal Insurance & Finance Enterprises Holdings Ltd. (TASE: CLIS) has completed the successful issuance of TASE traded bonds, for a total value of NIS 400 million. Clal Insurance Enterprises Holdings is one of the leading insurance and long-terms saving groups in Israel. MEKOROT National Water Company has also successfully completed the institutional stage of raising […]
Fintech-focused private equity firm, Motive Partners has committed to invest USD50 million in Spitit Payments Ltd., an Israeli company publicly traded on the Australian Securities Exchange. Herzog advised Splitit Payments, led by co-head of the Corporate and Securities department, Nir Dash, along with the department’s partner Erez Abu, associates Ohad Graub, Nesimyan Adawi, and Dana Qaq, with close support from […]
