Gornitzky partners, Daniel Paserman and Inbar Barak-Bilu, answer questions to relevant taxation issues with respect to trusts. Which kinds of trusts are subject to tax and reporting in Israel? Israeli law defines five types of trusts for tax purposes, which determine the relevant tax arrangements. Israeli tax law applies to foundations, establishments, and trusts reg. as well. In […]
Author: Idan Nishlis
Bank Leumi has issued international senior notes amounting to USD 500 million – the first ever international offering of senior notes by an Israeli bank. Herzog Fox & Neeman represented Bank Leumi in the offering, led by partners, Ron Ben-Menachem (Capital Markets), Nir Dash (Capital Markets), Irit Roth (Banking), and Dr. Ehab Farah (Tax), along with associates Mohammad Mawasi, Oren Halfon, Gal Zini, and intern Maya […]
Nasdaq-listed Tremor International Ltd., a global leader in video, data and connected TV advertising, announced the acquisition of California-based marketing technology unit Amobee Inc. from Singapore-based Singtel for USD 239 million. According to reports, Tremor is buying Amobee to add capabilities including the ability to plan ad campaigns across traditional TV and digital channels in the […]
In this new 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 – Ari Berman of Pillsbury’s Israel Practice Group. You have had an Israel Desk and team for some time, what was the driving […]
There are currently 400 Israeli companies in existence that provide various services, employ around 350,000 workers total, and are not listed on the Tel Aviv Stock Exchange (TASE), a recent investigation by TASE’s Economics Department showed. Read more in this interesting piece in the Jerusalem Post.
Israeli exports projected to reach record USD 165 billion in 2022, according to data from H1 2022 and FTA forecasts. Tech exports including programming and software, IT consulting and IT services accounted for 46% of all services exports in 2021, according to the report, while scientific R&D and scientific and technical services made up 17% […]
Israeli real estate investment trust (REIT) company Sella Capital continues to expand and has bought office and commercial space in central Israel for NIS 431 million. The company has agreed to buy six floors of offices and 90 underground parking spaces in the North Ha’arba’ah Tower in Tel Aviv as well as 80% of a […]
The Livnat family has agreed to sell 49% of its holdings in veteran Israel server farm operator MedOne, to U.S. private equity firm Berkshire Partners and to businessman Grant Van Rooyen, for a consideration reflecting a company’s valuation of approximately NIS 1.5 Billion. The Livnat family is exploiting the momentum in server farm construction in Israel […]
Azrieli Group, the leading real estate group, has issued NIS 3 billion in bonds on the Tel Aviv Stock Exchange. Gross Law acts for one of the country’s leading real estate groups and mall operators, with attorneys Yuval Eden and Mor Itzhak of the firm’s Capital Markets instrumental on the deal. The issue comes after the Israeli real estate […]
A consortium led by Israel-based Gadot Group and included India-based Adani Group, won the tender for the privatization of the Haifa Port. In the final pricing tender stage Gadot and Adani outbid three other competing groups for the acquisition of 100% of Haifa Port’s shares, with a NIS 4.1 billion offer. Privatization of Haifa Port […]
