Category Archives: Corporate

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GT’s Client OSG Announces Significant Expansion in Virginia

As recently reported by the Virginia governor’s website (September 2017), Greenberg Traurig’s client Oran Safety Glass (OSG) announced a $4.45 million expansion through its  Emporia plant located in Virginia, adding 55 jobs to the plant. Virginia Governor Terry McAuliffe joined the company leaders in making the announcement last month in Virginia. OSG was founded in … Continue Reading

Invitation to Attend September Berlin Tech M&A Update

Software and Technology companies saw significant volume and valuation strength last year. But what impact will Brexit have on Tech M&A? What are the eight stages to get an optimal outcome in a M&A process? What are real deal disasters and how can you avoid them? Get an update on the latest trends, deal metrics … Continue Reading

Greenberg Traurig Tel Aviv First Foreign Office to be Ranked by Israeli Legal Directories

Greenberg Traurig’s Tel Aviv office was recently ranked by BDICode, one of Israel’s leading legal directories . The office was included in tier 1 under the “International Commercial” practice area, and in tier 2 under the “Mergers & Acquisitions” practice area. Just several months ago, the Tel Aviv office was ranked by the other major legal directory … Continue Reading

GT Tel Aviv Office and Managing Shareholder Recognized by Chambers and Partners

The Greenberg Traurig Tel Aviv office is proud to once again be acknowledged by Chambers Global as a leading firm under the Israel-Corporate/M&A (Desk based Abroad) category. Apart from the group accomplishment, Gary Epstein (Tel-Aviv Managing Shareholder; Co-Chair of the Israel Practice was named Eminent Practitioner under the Israel-Corporate/M&A (Desk based Abroad) category. In addition to … Continue Reading

What’s the Deal with Par Value?

A common question that we are constantly asked by Israelis and other international clients interested in forming a corporation in the United States is what value we should use for the corporation’s par value. In addition, during the course of performing diligence on a target U.S. corporation, there are always references to the par value … Continue Reading

A Guide to Understanding Anti-Assignment Clauses

Introduction With the increasing trend of globalization in the business world, Israeli companies and investors are commonly entering into agreements with U.S.-based entities. One of the most frequently found clauses in U.S. commercial agreements is an anti-assignment provision that prevents either or both of the parties from assigning the agreement to a third party prior … Continue Reading

Greenberg Traurig to Sponsor Two Major Israel Event

Greenberg Traurig will be sponsoring two major Israel events this coming week. The first is the OurCrowd Global Investor Summit (January 25-26), set to bring together 3,000 investors and companies from 50 different countries. Shareholder and Israel Practice Co-Chair, Bob Grossman will be speaking at the opening planery. Israel Practice Co-Chairan, Tel-Aviv Managing Shareholder, and Global Corporate & Securities Practice Senior … Continue Reading

SEC Adopts Regulation Crowdfunding to Facilitate Early Capital Raises

The U.S. regulators have long been considering ways to make it easier for early-stage startup companies to raise capital in a more flexible and less cumbersome method.  The SEC has finally published regulations providing emerging companies with access to U.S. “crowd” investors making smaller investments.  Although the new regulations are perhaps less of a radical … Continue Reading

Greenberg Traurig Represents China’s Sichuan Hebang Corp. in Deal with Israeli-Based Stockton

In a deal that is making news across Israel, Sichuan Hebang Corp. will acquire control of Israeli-based Stockton, a private company in the agrochemical industry known for its environmentally-friendly, vegetable extract-based pesticide. The deal, pursuant to which Hebang will acquire a 51 percent interest in Stockton for $91 million, is the company’s first investment outside … Continue Reading

Greenberg Traurig Maher Assists Tel Aviv-based Adgorithms Ltd. in $125 million London IPO

Greenberg Traurig Maher (GTM) represented Liberum, Adgorithms’ nominated adviser and broker, on its $125 million IPO on AIM, the London Stock Exchange’s international market for growing companies. The team was led by Andrew Caunt in London, assisted by associate Andrew Ross. Founded in 2010, Adgorithms is a software company which operates in the high growth … Continue Reading

Greenberg Traurig Team Represents Longtime Client OPKO Health in $1.47 Billion Merger Agreement

Israel Practice Co-Chair Bob Grossman led a multi-office team of Greenberg Traurig attorneys who represented longtime client OPKO HEALTH, INC. (NYSE:OPK) in the negotiation of a definitive merger agreement with Bio-Reference Laboratories, Inc. (NASDAQ:BRLI). OPKO is also traded as one of the largest companies on the Tel Aviv Stock Exchange. The $1.47 billion transaction, announced … Continue Reading

Greenberg Traurig Assists Israeli Company in Raising Capital in the US

Joining a number of companies listed on the Tel Aviv Stock Exchange that also have recently been listed for trading in the United States through American Depository Receipts (ADRs) is universal flu vaccine developer BiondVax Pharmaceuticals Ltd. The company raised $10 million on Nasdaq at a price of $5.01 per American Depositary Share (ADS). ADRs are … Continue Reading

Greenberg Traurig Helps Israeli Company Open Plant in Georgia

Bram Industries, Ltd., an Israeli plastics products manufacturer, announced plans to open its first U.S. plant in Savannah, Ga.  David Schulman, a shareholder in Greenberg Traurig’s Atlanta office, supported Bram Industries in its efforts. The company will invest several million dollars in the new plant, and expects to employ at least 60 people within three years. … Continue Reading

Keep Your Delaware Company in Good Standing (and Don’t Panic if It’s Not)

The State of Delaware is known worldwide for its clear corporate law and predictable, fast courts.  For these reasons, many non-U.S. enterprises choose Delaware to incorporate corporations or form limited liability companies (LLCs) or limited partnerships (LPs) to do business worldwide. Israel is among the leading non-U.S. jurisdictions to use Delaware corporations.  In recognition of … Continue Reading

Alternative Investment Funds – Changes in the EU Regulatory Landscape

We are pleased to share with our readers the GT Alert – — Private Placement of Alternative Investment Funds in the EU: Changing Regulatory Landscape, that details the guidelines of the European Union’s Alternative Investment Fund Managers Directive (AIFMD) and their effect on the regulatory landscape in each EU jurisdiction. This Alert was prepared by … Continue Reading

SEC Lifts Ban on General Solicitation in Certain Private Securities Transactions

On July 10, 2013, the Securities and Exchange Commission (SEC) adopted rule amendments that eliminate the 80-year old prohibition on general solicitation and general advertising in Rule 506 and Rule 144A transactions under the Securities Act of 1933, as amended (Securities Act), and prohibit issuers from reliance on Rule 506 for any offering in which … Continue Reading

NYSE Sends Letter to Foreign Private Issuers

Last week, the New York Stock Exchange's regulation group sent its traditional annual letter to foreign private issuers (FPIs) that are listed on the Big Board. The letter reminds FPIs of the corporate governance and notification and filing obligations that the NYSE imposes on its listed companies. These requirements are separate from, and in some cases incremental to, the requirements imposed by the SEC or a listed company’s home country regulator.The letter focused on several NYSE requirements.… Continue Reading

A View from Israel: Expect More Activity From Buyout Funds and Distressed Players

It is commonplace to note the vigorous market for inbound investment and M&A transactions involving high-tech companies in Israel. Hardly a week goes by without a deal. Between 2002-2011, Israeli high-tech companies raised $15 billion from investors, and in the same period owners received more than $37 billion in proceeds from M&A and IPO exits. There were approximately 85 acquisitions in 2011 alone. These trends have continued into 2012.… Continue Reading
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