Wishing you and your loved ones a happy holiday!
Wishing you and your loved ones a happy holiday!
You are invited to learn about recent legislative updates and professional insights pertaining to Chinese law and business conduct.
Among topics discussed in this current issue are the release of Second Draft of Foreign Investment Law to boost market; the establishment of a Quick Channel for expedited approval of Foreign New Drugs Regulatory Commission; the unveiling of Administrative Provisions on investment in the Automobile Industry by the NDRC; release of administrative provisions for Blockchain Information Services by the Cyberspace Administration of China; and many more.
Greenberg Traurig’s Tel Aviv office frequently supports Chinese clients seeking to do business in Israel, as well as Israeli companies interested in the Chinese market. Leading China-Israel activities in Israel is Ephraim Schmeidler, who has broad experience in working with unique Chinese-Israeli ecosystem.
Greenberg Traurig is the only major international firm with registered offices both in China and Israel.
On May 1, 2019, the E-2 Treaty Investor Visa may be available to Israeli citizens wishing to make a substantial investment in or set up a business in the United States. After several rounds of negotiations between the two countries and U.S. citizens already able to obtain a B-5 Israeli Investor visa, the United States is expected to approve the proposed May 1 launch date in early April.
The E-2 Visa grants qualified treaty investors and employees, as well as their dependent family members, a maximum initial stay of two years. Extensions may be granted in increments of up to two years, with no maximum limit so long as the E-2 nonimmigrant maintains an intention to depart the United States when their status expires or is terminated.
To qualify, the United States Citizenship and Immigration Services (USCIS) indicates a treaty investor must show at least 50 percent ownership of the enterprise or possession of operational control through a managerial position or other corporate device. The enterprise must have the present or future capacity to generate more than enough income to provide a minimal living for the treaty investor and his or her family. In addition, the treaty investor must risk a substantial amount of capital with the objective of generating a profit.
Given the flexibility of the E-2 Visa and Israel’s prominent position in the hi-tech sector, this new development has great potential to advance Israeli business interests and streamline entrepreneurial ventures.
For more on immigration, click here.
In a matter led by Shareholder Joey Shabot and Associate Aaron Katz, Greenberg Traurig recently represented Wells Fargo Strategic Capital – the venture capital arm of Wells Fargo & Co and a specialized capital provider that partners with the bank’s wholesale businesses to identify and provide customized capital solutions to its clients – in its investment in the Israeli company EarlySense. In a notable deal widely reported in the Israeli and venture capital news markets. EarlySense, an Israeli maker of medical monitoring systems, raised $39 million in a financing led by affiliates of Hill-Rom, Inc. and Wells Fargo.
Greenberg Traurig was pleased to sponsor the Annual OurCrowd Global Investors Summit for the fourth consecutive year. The event, hosted in Jerusalem, traditionally brings together thousands of entrepreneurs, startup companies and investors from across the globe, all eager to learn about the newest and most innovative technologies.
As part of our involvement, Greenberg Traurig hosted a side-event focusing on the various aspects of “Building Your Company for the Future”. The event featured a discussion with our team of legal experts, who offered practical tips and insights, focusing on corporate law, mergers & acquisitions, intellectual property and technology. Speakers included Bob Grossman, Corporate, Securities and M&A Shareholder and Chair of GT’s Israel Practice; Barry Schindler, Global Patent Prosecution Group Chair and an active member of the Israel Practice, as well as Tel Aviv attorneys Adam Snukal, IP and Technology Shareholder and Ephraim Schmeidler, Corporate, Securities and M&A Of-Counsel.
At the main summit, Greenberg Traurig was pleased to act as host of the Executive Lounge, which facilitated dozens of business meetings for key guests. In the afternoon, Adam Snukal addressed the crowd as part of the “Demo Theatre: No Pitches, Just Wow” session, featuring presentations of the latest and coolest inventions from various sectors such as ag-tech, water-tech, and many more.
Greenberg Traurig’s Tel Aviv office had the pleasure of hosting a delegation of business school students and alumni from France’s prestigious INSEAD Business School.
The group, on a mission to Israel to explore business opportunities with Israel’s tech scene, consisted of businesspeople from France, Japan, Jordan, India, Poland, Korea and the U.S., and they joined GT’s Tel Aviv team for an evening of networking and discussion on the Israeli business environment, with a special emphasis on the local tech ecosystem.
Kacper Grzesiak, son of GT Warsaw managing partner Jaroslaw Grzesiak and student of the class of ’19, opened the evening with welcoming remarks, followed by a presentation on Israeli culture, business etiquette, top industry trends and so on, delivered by GT Tel Aviv’s Managing Shareholder, Joey Shabot. The presentation then continued on to becoming an open discussion, with input from Tel Aviv IP and Tech Shareholder Adam Snukal, and Tel Aviv Corporate and M&A Of-Counsel Ephraim Schmeidler.
Greenberg Traurig’s Tokyo and Tel Aviv offices are to co-sponsor the upcoming event “Harnessing Innovation: Japan–Israel Best Practices for Business Collaboration“, to focus on Practical Tools for Establishing Cross – Culture Partnerships.
The event, put together by ABeam Consulting Ltd., Startup Nation Central and Greenberg Traurig, will cover different aspects of Japanese – Israeli business collaboration, including ways for Japanese corporates to engage with israeli innovation, Israeli buisnes etiquette and key success factors for cooeration between Japanese companies and Israeli startups.
Joey Shabot, Managing Shareholder of Greenberg Traurig’s Tel Aviv office will deliver a presentation on “Business Protocol and Culture in Israel: Some Tips on Negotiation with Israeli Companies”, to include practical advice from his expereince working with Israeli innovative companies.
The event will take place March 4th, 3:30 pm – 8:00 pm at Marunouchi oazo, 15F Marunouchi Kitaguchi Building, 6-5 Marunouchi 1-chome, Chiyoda-ku, Tokyo.
Greenberg Traurig’s Tel Aviv office is pleased to be ranked again by leading legal directories, alongside some of Israel’s top law firms.
BDICode recently released its local M&A guide, ranking the office as “Prominent Leaders” for the fourth consecutive year. International Guide Chambers & Partners ranked the office and Israel Practice in Band 2 under Corporate/M&A – Experts Based Abroad, for the fifth consecutive year.
Greenberg Traurig continues being the only foreign law firm ranked by Israeli legal directories, as well as the only major international law firm with an office registered with the Israeli Bar.
SpaceIL is scheduled to make history today by launching and landing the first ever Israeli spacecraft on the moon. Greenberg Traurig’s Tel Aviv office is proud to have been part of SpaceIL’s journey to the moon and wishes the team lots of luck and success!
For more details on the launch, click here.