Our experience

Corporate, finance and infrastructure

Representing the senior agent to existing international lenders to the Cross Israel Highway. Also known as 'Highway 6' and 'the Trans-Israel Highway' we advise on the financing provided to the concessionaire, Derech Eretz Highways Ltd. Operating what is the biggest toll road in Israel, the highway has generated investment in excess of $1 billion and was the biggest infrastructure project in Israel for many years and was the first major build-own-operate-transfer project in Israel.

Aside from advising the senior agent on issues generally our lawyers have familiarity with:

  • a multimillion dollar extension (known as Section 18 from Iron to the Ein-Tut interchange) by the project company acting through a wholly owned subsidiary and funded by local Israeli lenders led by Bank Hapoalim
  • a restructuring of equity interests in the project company (including entry into the project by Israeli infrastructure funds)
  • concession arrangements with the State of Israel and monetisation by the State of Israel of its residual interest in the highway
  • infrastructure construction contracts including upgrades to the tolling system 
  • cross-border loan sales by lenders and changes in ownership by fund investors 

Our experience also includes:

  • Advising on reorganisation of international corporate groups based in Israel and shareholder arrangements
  • Advising on certain financing aspects of the Yam Tethys natural gas field
  • Advising on investments in emerging market infrastructure projects by Israeli companies including Africa and the CIS

Tax

  • Acting for major Israeli business clients on voluntary disclosure issues involving both the US and UK
  • Providing advice to a US citizen making Aliyah on reducing US exit tax exposure upon expatriation and minimising ongoing US tax compliance and liability
  • Advising non-UK corporations (including Israeli) on withholding tax obligations and business in the UK in general
  • Advising high net worth Israeli individuals on UK domicile
  • Advising an Israeli charity on forming and qualifying US affiliate to raise tax deductible donations from US donors

Immigration

  • Advising a high net worth Israeli entrepreneur on visa applications for him and his family under the Tier 1 (Entrepreneur) visa category and subsequently assisting with their applications for permanent residence in the UK

Litigation

  • Advising on a Letter of Credit dispute on behalf of an Israeli beneficiary against an issuing bank in connection with an emerging market energy project

Israel

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