Yaniv Ozana, Author at Epstein Rosenblum Maoz (ERM)

ERM has acted for MinInvasive Ltd., developer of the OmniCuff device for the treatment of rotator cuff repair, on their latest investment from and strategic partnership with, MicroPort Scientific Corporation, a leading medical device company focused on innovating, manufacturing, and marketing high-quality and high-end medical devices globally.

MicroPort led the financing round and will be granted an exclusive right to distribute OmniCuff in the China market.

Our high-tech and start-ups team also represented MinInvasive in their previous multi-million dollar Series B investment led by Anatomy Medical Technology Fund, a subsidiary of Clal Biotechnology Industries.

For media coverage of the latest investment round, please click here.

High-Tech and Start-Ups practice

Epstein Rosenblum Maoz (ERM)’s high-tech and start-ups practice regularly provides legal advice to leading Israeli and international clients from pre-incorporation through to exit, as well as on the most complex transactions carried out in Israel and abroad.

For more information on the investment or our high-tech and start-ups practice, please contact Simon Marks or another member of our team.

ERM partner and Head of our energy and Infrastructure practice Amnon Epstein was on the Renewable Energy CEO’s Forum panel at the 7th International Eilat-Eilot Renewable and Clean Energy Conference, Israel’s largest international green energy conference which brings together all of the country’s major energy figures.

The conference, which ERM also sponsors, focused on next generation technologies as well as smart solutions to the obstacles facing the global Cleantech industry. The panel that Amnon spoke at addressed current challenges and future trends in the renewable energy market, particularly in light of developments in the PV market in the next quarter that the electricity authorities expect to release in January 2017.

Other panelists included Eitan Parnass (Chair), Director General & Founder; Green Energy Association of Israel (GEA-IL); Nurit Gal, Director, Electricity Regulation Division Public Utility Authority (PUA); Gilad Yavetz, CEO, EnLight Renewable Energy; Yaron Szilas, CEO, Shikun & Binui Renewable Energy; Shai Porat, CEO, Inbar Solar Energy; Nadav Barkan, Regulation & Business Development Manager, EDF EN Israel, and Shahar Ben Moyal, CEO, Arava Meshakim & Partners.

Amnon was joined by the rest of our Energy and Infrastructure team including partners Lior Aharon and Asaf Rimon as well as associate Eran Ifargan.

Energy and Infrastructure practice

Epstein Rosenblum Maoz (ERM) is considered a market leader in the renewable energy market, regularly acting for many of the leading Israeli and international owners, developers, EPC contractors and financiers in this sector.

For more information, please contact Amnon Epstein or another member of our team.

ERM has represented Kibbutz Kalia in its share purchase of Clal Sun’s holding in Kalia Clean Energy Ltd, having exercised its right of first refusal. Following the purchase agreement, Kibbutz Kalia will hold 100% of the issued shares of Kalia Clean Energy Ltd., which is the owner of an approximately 11MW PV ground plant located at Kibbutz Kalia, situated on the northern shore of the Dead Sea.

Energy and infrastructure practice

For more information on this transaction and our energy and infrastructure practice, please contact Lior Aharon or another member of our team.

ERM has represented Netafim, a pioneer and global leader of smart drip and micro-irrigation products, in exclusive global distribution agreements with Dorot Control Valves, a leading producer of control valves and Amiad Water Systems, a global producer of water treatment and filtration solutions.

Under the terms of the agreement with Amiad, Netafim will market their product lines for the irrigation market in numerous countries outside of Israel, as part of its filtration offering.

Under a similar agreement with Dorot, Netafim will market control valves for the agriculture, greenhouse, landscape and mining markets in numerous countries outside of Israel. In this deal, Netafim boosts its irrigation offering, helping farmers grow more with less as well as improve their profitability.

High-Tech and Start-Ups and Corporate and M&A practices

Epstein Rosenblum Maoz (ERM)’s high-tech and start-ups and corporate and M&A practices are widely renowned for their cross-border expertise and ERM regularly advises leading Israeli and international clients on the most complex transactions carried out in Israel or by Israeli companies abroad. For further information on these transactions and our technology practice, please contact Simon Marks or another member of our team.

New Israeli legislation regulating the non-institutional financial services sector in Israel (the Financial Services Supervision (Regulated Financial Services), 5776 – 2016 Law, the “Law”) was adopted by the Israeli legislature in July 2016. The law imposes a new licensing regime, by authorising the Ministry of Finance (principally through the Capital Market, Insurance, and Savings Commissioner) to issue licences to individuals or companies that wish to provide either (i) financial asset services (including currency exchange and certain virtual or pre-paid currencies commonly used in the Fin Tech sector) or (ii) provision of credit, defined in a broad manner, as “providing credit by way of occupation”.

This bulletin addresses a number of questions such as who is exempt from obtaining a license; what regulations apply to licensees, and whether the legislation applies to foreign entities.

Please click here to read the bulletin in full.

Corporate and M&A and Banking and Finance Practices

Epstein Rosenblum Maoz (ERM)’s Corporate and M&A practice is widely renowned for their cross-border expertise and ERM regularly advises leading Israeli and international clients on the most complex transactions carried out in Israel or by Israeli companies abroad.

ERM’s Banking and Finance practice has also gained extensive experience advising international and Israeli commercial and investment banks, corporates and funds on a broad range of financing transactions, including syndicated loans, acquisition finance, leverage finance and structured finance.

If you have further queries or to learn more about ERM’s corporate M&A and banking and finance practices please contact Amnon Epstein, Nimrod Rosenblum or Natalie Noy.

ERM has represented Karamba Security, a startup selected by Forbes Israel as one of Israel’s Top 10 Most Promising Cybersecurity Companies, on its raising of $2.5 million in a new Series A funding led by Fontinalis Partners, with participation from existing investors YL Ventures and GlenRock.

Karamba develops industry-leading autonomous cybersecurity solutions for connected and autonomous vehicles and the latest round follows the $2.5 million in funding they received earlier this year which our technology team also acted on.

The closing has received widespread press attention, including in TechCrunch and Business Wire.

High-Tech and Start-Ups and Corporate and M&A practices

Epstein Rosenblum Maoz (ERM)’s high-tech and start-ups and corporate and M&A practices are widely renowned for their cross-border expertise and ERM regularly advises leading Israeli and international clients on the most complex transactions carried out in Israel or by Israeli companies abroad. Please click here to read more about our high-tech and start-ups and corporate and M&A practices.

For further information on this transaction and our technology practice, please contact Nimrod Rosenblum.

New guidelines have recently been published by the Electricity Authority for bidders wishing to apply for tariff licenses to produce the new quota of over 1,000 Megawatts that is required for the government to meet its electricity production target of 10% produced through renewable energy by 2020.

The guidelines are unique as it is the first time in Israel that the tariff for achieving the quota will not be determined in advance but instead by bidders through a competitive tender process.

For a full copy of our bulletin, which includes the key guidelines, please click here.

Energy and Infrastructure practice

For further information, please contact Amnon Epstein, Lior Aharon or another member of our team.

ERM partners Nimrod Rosenblum and Itai Yonai feature in the latest edition of International Financial Law Review magazine, the market-leading financial law publication for lawyers in financial institutions, corporates and private finance.

In the article “Israel LBOs face practical challenges” they address one of the most notable challenges in structuring an LBO of an Israeli target, namely the limitations imposed on Israeli companies to provide financial assistance for their own acquisition.

On the affect this issue has on international sponsors and lenders, they note, “The LBO market in Israel is rapidly developing. While there is increasing involvement of international sponsors and lenders and a tendency to use international standards and practices, domestic legislation and case law still somewhat lag behind. Certain questions are yet to be fully addressed by the courts and therefore reliance on actual market practice is highly important.”

To read the article in full, please click here.

Banking and finance practice

Epstein Rosenblum Maoz (ERM) has gained extensive experience advising international and Israeli commercial and investment banks, corporates and funds on a broad range of financing transactions, including syndicated loans, acquisition finance, leverage finance and structured finance.

For further information, please contact Nimrod Rosenblum, Itai Yonai or another member of our team.

The Israeli Ministry of Natural Infrastructure, Energy and Water Resources has released plans to launch an offshore bid round to expand offshore exploration and production activities, which is part of wider plans to develop Israel’s offshore hydrocarbon resources, and to make Israel a center for the petroleum industry.

ERM oil and gas partner, Asaf Rimon, commented: “After a four year period of not granting any new off shore exploration blocks, the Israeli government is making a strong move to further develop its oil and gas industry. I am certain that the 24 offered blocks will attract international attention and bids.”

Please click here to read our memo on the bid round.

ERM’s oil and gas team

ERM has gained significant experience and expertise advising oil and gas companies, suppliers, investors and financiers on a wide range of complex upstream, midstream and downstream projects, acquisitions and disposals carried out both in Israel and abroad.

For more information, please contact Asaf Rimon, Amnon Epstein or Lior Aharon.

ERM is proud to be co-sponsoring and co-hosting a panel event with Irish law firm Philip Lee that will bring together prominent women and members of the LGBT community from Israel and Ireland’s tech sectors to discuss the latest trends and challenges they experience.

We are delighted that the panel will be introduced by the Ambassador of Ireland, Her Excellency, Alison Kelly with panellists including: Clyde Hutchinson, Partner, Journey Partners (moderator); Sivan Kaniel, Trip Manager, Airbnb and Co-Chair InterTech Ireland; Shachar Grembek, Founder of LGBTech and entrepreneur, and Pamela Newenham, Co-Founder, GirlCrew.

The event will be held on Sunday 25 September and will be opened by Niamh Bushnell, Dublin Commissioner for Startups.

Also sponsoring the event are the Embassy of Ireland, the Ireland Israel Business Network, LGBTech and Seidman & Co. Advisors.

If you would like to attend, please RSVP to Adi Lavee: [email protected] or +972 (0) 3 6061619.

High-Tech and Start-Ups and Corporate and M&A Practices

Epstein Rosenblum Maoz (ERM)’s high-tech and start-start-ups and corporate and M&A practices are widely renowned for their cross-border expertise and ERM regularly advises leading Israeli and international clients on the most complex transactions carried out in Israel or by Israeli companies abroad.

Please click here to read more about our high-tech and start-ups and Corporate and M&A practice.