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Founded nearly 100 years ago during the emergence of the Texas oil industry, Vinson & Elkins (V&E) provides legal solutions

to international clients looking to do business in Israel and to Israeli companies with commercial interests worldwide. With

Israel undergoing significant development in the energy industry due to the discovery of the Tamar and Leviathan offshore

gas fields, V&E is uniquely positioned to assist companies with energy projects in this region.We also advise clients in other

industries important to Israel’s growth — including technology, pharmaceuticals and financial services. The lawyers in our

dedicated Israel practice group include fluent Hebrewspeakers based in various officeswho formpart of amulti-disciplinary

team. Our primary areas of experience in Israel-related matters include: Capital Markets, Mergers and Acquisitions,

International Dispute Resolution and Litigation, and Intellectual Property.

Through our wide-ranging experience, we have gained a detailed understanding of the unique and complex regulatory,

political and commercial issues that exist in the region. We stay informed of legal and commercial developments; our

knowledge is up to date providing clients with relevant, timely industry insights and proactive advice to challenging business

issues. V&E has developed close relationships with leading Israeli law firms and other professional service providers that we

regularly collaborate with to provide strategic advice and solutions.

Ari

is the head of V&E’s Israel Practice. He has significant experience representing companies and individuals — including

public companies, financial institutions, private investment funds and officers and directors — in contexts such as

investigations and enforcement proceedings by the SEC, FINRA, and other law enforcement and regulatory agencies. In

addition,Ari has significant experience representing companies in bankruptcy court proceedings and investors in distressed

settings. Ari’s recent experience in assisting Israeli companies includes representing Teva Pharmaceuticals in a suite of 10

ad-hoc arbitrations (London Seat) concerning a denial of coverage in a pharmaceutical-related insurance policy tower. Ari

and his wife are active in the NewYork/New Jersey Jewish community and serve on the boards of several major Jewish non-

profit organizations.

Barry

is the only person to ever serve on both the Public Utility Commission of Texas (PUCT) and the Railroad Commission

of Texas (RRC), and is a nationally recognized authority on a number of emerging energy trends. Barry was appointed to the

RRC in 2011 to serve an unexpired termand, in 2012,was elected statewide for a two-year

term.He

was later chosen by his

colleagues to serve as chairman of the RRC. During his chairmanship, he also served as chair of the Gas Committee of the

National Association of Regulatory Utility Commissioners from 2013 to 2014. Prior to his service with the RRC, Barry was

a member of the PUCT for more than seven years and served as chairman of the agency for most of 2007 to 2011. Barry

is best known for leading the PUCT’s adoption and management of the 3,600-mile Competitive Renewable Energy Zone

transmission line project, handling routing disputes and acting as the agency’s liaison with the Texas Legislature, service

providers, and landowners.

The authors would like to thank Lawrence Winsor and Matthew Greenberg for their contributions to this book chapter.

Lawrence is a litigation associate in Vinson & Elkins’ Houston office.Matthew is an associate in the M&A/Capital Markets

practice in Vinson & Elkins’ Houston office.

Vinson &

Elkins LLP

Ari M. Berman, Partner Barry T. Smitherman, Partner

CONTACT

INFORMATION:

www.velaw.com

office: +1 212 237 0000 (New York Office Main Line)

aberman@velaw.com

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bsmitherman@velaw.com