Bank Hapoalim has succeeded in one of the most important recent cases in Israel relating to banks’ liabilities. The NIS 200 million lawsuit, ongoing since 2016, was filed by Lexan, owner of Princess Hotel in Eilat, and controlling shareholder, Alexander Tessler. The Tel Aviv District Court dismissed all counts of the claim and charged the […]
Author: Idan Nishlis
To say that there are mixed fortunes in the UK energy supply market would be an understatement. Whilst BP, Shell and Centrica have reported record profits, in the last 18 months the lights have gone out at 31 energy supply companies (comprising nearly half of all suppliers) who have entered insolvency. Read more here.
Since the UAE-Israel Abraham Accords two years ago, relations have been normalizing between Israel and MENA countries, including Morocco, whose relations with Israel continue to increase in renewable energy and other sectors. Israeli companies have been strengthening diplomatic relations with MENA countries for decades. Last year, a natural gas deal struck between NewMed and the […]
This week, it was announced that trade between Israel and the United Arab Emirates reached $1.4 billion in the first seven months of 2022, Israel’s Ambassador to the UAE Amir Hayek. Total trade between Israel and the UAE reached USD 1.2 billion for all of 2021. Read more here.
With the Bank of Israel announcing a 0.75% increase in the interest rate, the Prime rate will be 3.5%. It’s no surprise that the banks’ stocks are skyrocketing, as their product, money, has become more expensive and the banks are profiting. The bank reform is an effort to increase competition, give people more information about […]
In this weekly section, we profile the driving force behind Israel Desks firms, as we catch up with the prominent leaders of the global law firms with Israel Desks: This week – Michael Friedman, at Chapman and Cutler LLP. You have had an Israel Desk and team for some time, what was the driving force […]
Sapir Corp. has issued approximately USD 89 million of Tel Aviv Stock Exchange traded bonds, secured by the NoMo Soho hotel in New York City. Chapman and Cutler LLP served as counsel to Indenture Trustee, Mishmeret Trust Company Ltd., led by partner and Israel practice group leader Michael Friedman, with partner Meghann Salamasick and associates Carson Klarck and Helena Honig. The deal […]
Shafir and GES, controlled by Generation Capital, the infrastructure and energy investment fund, have closed the financing to acquire the desalination plant in Ashdod. A consortium that comprises Mizrahi-Tefahot and Phoenix will finance the purchase, the repayment of debt to Bank Hapoalim, the renovation of the facility, and the construction of a power plant Uri […]
Pliops has closed a USD 100 million Series D funding round, bringing the total investment in the company to over USD 200 million since its founding in 2017. Pliops is a developer of a storage processor which enables cloud and enterprise data centers to access data 50X faster with 1/10 of the computational load and […]
Over $25 billion was raised by Israeli startups in 2021, an almost unimaginable magnitude of investments, according to Calcalist in its recent 2022 promising startups list of the 50 most promising Israeli startups. We used business intelligence and competitive tool, Legal-BI to track the Israeli law firms representing the 50 Israeli promising startups. Click […]
