Greenberg Traurig Winter 2019 China Newsletter

Posted in Banking & Finance, Corporate, Corporate & Securities, Global, Immigration, Investments, Tax, Technology

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 Administrative Measures for foreign-invested future companies issued by the China Securities Regulatory Commission; revised draft of Measures Governing Foreign Strategic Investment in Listed Companies released by MOFCOM; new Individual Income Tax Law adopted in China; Notice to Tighten Administration of Cross-Border Financial Network and Information Services issued by China’s Central Bank; and many more.

Please visit this link to learn more.

Tel Aviv Office to Host Capital Markets Roundtable for the Life Sciences Industry

Posted in Capital Markets, Corporate, Corporate & Securities, Event, Global, Israel, Life Sciences, Mergers & Acquisitions, Securities, Startup Nation, Startups, Tel Aviv

Greenberg Traurig’s Tel Aviv office is collaborating with partners BNY Mellon and H.C. Wainwright & Co. LLC to host a morning roundtable focused on capital markets options for the life sciences industry.

The event will take place February 27th, 9:00 at Greenberg Traurig’s Tel Aviv office located in the Azrieli Round Tower (30th Floor).

Topics to be discussed include:

  • Preparing for going public
  • Various ways to go public and determining the appropriate route: reverse merger, full IPO, ADR vs. ordinary shares, registered direct offering, PIPE transactions, at-the-market offering
  • Post IPO alternatives
  • Relevant legal and business issues for companies going public
  • Deciding upon and working with investment bankers

Leading the discussion:

Bob Grossman
Chair, Israel Practice;
Corporate, Securities and M&A Shareholder – Greenberg Traurig

Benjamin Brisedou
Vice President – BNY Mellon

Oded Spindel
Vice President  – H.C. Wainwright & Co. LLC

Please click here to register



Joey Shabot Speaks on Collaboration with Israeli Law Firms

Posted in Event, Israel

Earlier this month, Joey Shabot, Managing Shareholder of Greenberg Traurig’s Tel Aviv office was invited to take part in a unique event bringing together Israeli and international attorneys.
The event titled “From Israel to the World – About the International Legal Market” which was put together by Robus – Consulting & Legal Marketing, offered Israeli law firms a glance into ways that various international law firms operate in Israel and how best to collaborate with them.

Joey took part in a panel discussion focused on the practical aspects of the professional relationships and methods of work between Israeli attorneys and their foreign counterparts.

Pictured from right to left: Joey Shabot, Jonathan Morris (Bryan Cave Leighton Paisner), Ned Steinman (Norton Rose Fulbright), Michael Rosen (Kobre & Kim) and Tamar Sacerdoti (Robus).
Photo credit: Or Mano Vaturi Photography.

Robert J. Ivanhoe Honored at American Friends of Rabin Medical Center Annual Gala

Posted in Event, Israel

Robert J. Ivanhoe (Shareholder, New York, Real Estate) was honored at the American Friends of Rabin Medical Center’s Annual Gala at the Plaza Hotel in New York on Nov. 19, 2018. AFRMC recognized Robert for being a “preeminent patron.” He has been a longtime supporter of the organization. AFRMC is a nonprofit organization that was established in 1995 and hosts fundraisers across the United States to benefit and fund charitable, educational and scientific research at Rabin Medical Center. Rabin Medical Center is the leading health care system for Israel.

Pictured immediately below, from left to right are: Robert Ivanhoe, Peter Riguardi, Jonathan Mechanic, Stephen Siegel, Yoron Cohen, Stanley Chera, and Scott Rechler.

Pictured far below are: Courtney E. McGuinn (Shareholder, New York, Real Estate), Kenneth M. Sklar (Shareholder, New York, Real Estate), Robert Ivanhoe, Stephen L. Rabinowitz (Shareholder, New York, Real Estate), Howard Shapiro (Shareholder, New York, Real Estate), Helena Raifman (Shareholder, New York, Real Estate), Farah S. Ahmed (Shareholder, New York, Real Estate), and Howard S. Schochet (Shareholder, New York, Real Estate).

Pictured below are:
Left Photo: Robert Ivanhoe and Scott Rechler.
Right Photo: Scott Rechler, Henry Kissinger, and Nikki Haley.

Greenberg Traurig Greets 2019 with 30th U.S. Office, 39th Worldwide, in Minneapolis

Posted in General, Global

Greenberg Traurig, LLP welcomed 2019 by adding a 30th office in the United States — its 39th worldwide. Opening the firm’s office in Minneapolis, MN, is finance and restructuring attorney Michael B. Fisco, who will serve as the Managing Shareholder. Joining Fisco are shareholders Michael M. Krauss, a former Assistant United States Attorney for the Southern District of New York, and Arleen A. Nand, who served as the U.S. Head of Agricultural Finance for DLA Piper, prior to joining Greenberg Traurig. All join from the local office of DLA Piper.

“The Twin Cities region is aligned with Greenberg Traurig’s client goals and our focus on business, innovation, diversity, quality of life, and serving the community,” said Brian L. Duffy, Greenberg Traurig Chief Executive Officer. “We are fortunate to be able to enter this dynamic market with a team that has strong local and regional history, as well as the legal experience and passion for excellence that clients demand. We are known for waiting patiently to find the right time, place, and people to open new offices, as we did with this opportunity, and we are very pleased with the result.”

Greenberg Traurig, founded in 1967, now has more than 2,000 attorneys in 39 offices in the United States, Europe, Latin America, the Middle East, and Asia. Core capabilities found in the Greenberg Traurig Minneapolis office include commodities and structured finance, restructuring and bankruptcy, corporate trust and structured products litigation, finance and financial services litigation, and agribusiness.

Click here to read more

Impact of New Massachusetts Noncompete Law on Emerging Tech Companies

Posted in Emerging Growth Companies, Labor & Employment

The Massachusetts Noncompetition Agreement Act, M.G.L. c. 149, § 24L, has been the law of the Commonwealth for almost four months. The statute only applies to agreements entered into between employers and certain employees and independent contractors on or after Oct. 1, 2018, so the law’s ramifications are still largely yet to be determined. Nevertheless, even in the short time the law has been operative, its implications for emerging technology and start-up companies have been significant.

The Push for Change Leads to Legislative Compromise

Many employees and even some employers had been clamoring for changes to the Massachusetts non-competition laws for some time. Critics of non-competition agreements have argued that the state of the law impeded innovation and did not adequately protect the interest of employees. Many from the start-up and venture capital community pushed for non-competition law reform, contending that employee mobility is critical to the freedom to innovate.

On the other hand, many employers and industry groups supported maintaining the status quo of non-competition law, or even favored stricter non-competition laws, citing their importance in guarding against the theft of intellectual property and confidential, proprietary information, also critical to incentivizing innovation.

In the end, the legislature reached a compromise providing both sides some, but not all, of what they wanted.

What Emerging Tech Companies Need to Know

Requirements for Entering Into a Valid Non-Competition Agreement

If entered into before employment, a valid non-competition agreement must now:

  1. be in writing;
  2. be signed by the employer and the employee;
  3. expressly state that the employee has the right to consult with counsel prior to signing; and
  4. be provided to the employee by the earlier of a formal offer of employment or 10 business days before the start of the employment.

If entered into during employment, a valid non-competition agreement must:

  1. be in writing;
  2. be signed by the employer and employee;
  3. expressly state that the employee has the right to consult with counsel prior to signing;
  4. notice must be provided to the employee at least 10 business days prior to its effective date;
  5. be supported by fair and reasonable consideration independent from continued employment.

Scope, Duration, and Enforceability

The duration of the non-compete cannot exceed 12 months from the date employment ended. As was previously the case, a non-compete restriction can only protect a legitimate business interest (such as trade secrets, confidential information, goodwill).

The new law also makes a non-compete “presumptively reasonable” where the geographic scope is limited to the geographic areas in which the employee provided services or had a material presence during the last two years of employment, and the scope of proscribed activities is limited to the specific types of services provided by the employee during the last two years of employment.

The statute expressly states the law shall apply to all employees who have been (for at least 30 days immediately preceding his or her cessation of employment) a resident of or employed in Massachusetts at the time of termination, and that no choice of law provision to the contrary shall be enforceable.

Garden Leave or Other Mutually-Agreed Upon Consideration

One of the most significant changes is the requirement that the employer provide consideration to the employee during the restricted period. Specifically, the law states that the employer must provide “garden leave,” defined as at least 50 percent of the employee’s highest annualized base salary paid by the employer within two years preceding termination, or “other mutually agreed upon consideration,” which is not defined.

Read the full Alert here

Tel Aviv Office Represents U.S. Investor in Investment into Israeli Medical Devices Company Sight Diagnostics Ltd

Posted in Capital Markets, Global, Israel, Tel Aviv

Tel Aviv Managing Shareholder Joey Shabot and Of-Counsel Ephraim Schmeidler recently represented a US-based family office as part of its investment into Israeli company Sight Diagnostics Ltd (Sight). Sight develops a platform for diagnosing blood diseases using computer vision technology and is a portfolio company of Clal Biotechnology Industries Ltd., traded on the Tel Aviv Stock Exchange. This investment was part of a $28 million investment round.


Read more here

Tel Aviv Office Hosts Leading Banks for Seminar on the Practical Aspects of Open API in Europe

Posted in Event, Global, Israel, Privacy and Data Security, Technology

Earlier this week, Greenberg Traurig’s Tel Aviv office hosted representatives from Israel’s leading financial institutions for a morning seminar on the Practical Aspects of Open Application Program (API) Interface in Europe following the EU Payment Services Directive 2 (PSD2) which went into effect earlier this month. The seminar was hosted in cooperation with international policy consulting firm Lexidale.

As many foresee APIs becoming a valuable tool among local fintech companies in Israel in the near future, the seminar offered a glance as to how local financial institutions should be building strategies to take advantage of the Open Banking initiative taking shape in the EU. Adam Snukal, IP & Technology Shareholder at GT’s Tel Aviv office covered many of the legal aspects on PSD2 and the requirement of EU banks to release their APIs, while Karni Chagal Feferkorn, Partner at Lexidale and Avital Krupnik Head of Research at Lexidale delivered a practical overview of how specific countries in the EU have been Implementing it. All speakers offered input with regard to challenges and opportunities API brings with it, leading to a lively discussion participated by all guests.


Tel Aviv Shareholder Adam Snukal



Lexidale Partner, Karni Chagal Feferkorn



Lexidale Head of Research, Avital Krupnik


Brian Sherr Interviewed on Ancient Jerusalem Synagogue Restoration

Posted in Culture, Event, General, Global, Israel, Tel Aviv

Managing Shareholder Emeritus of the Fort Lauderdale office and an Israel Practice member Brian Sherr recently attended the cornerstone ceremony for the restoration of the Tiferet Yisrael Synagogue in Jerusalem.

Brian serves as a leading member of a group working towards restoring the ancient synagogue which was destroyed in the 1948 War. Banned from the Old City of Jerusalem for nearly 20 years post its destruction, the Jewish community returned to witness the Synagogue’s ruins after Israel took back the Old City in the 6 Days War.

Together with Israeli Ministers and the Mayor of Jerusalem, Brian is committed to ensuring this historical landmark is fully restored. Interviewed by i24 News, Brian commented on his involvement in the project and said: “It’s difficult today to raise money for it, but it is one of the great pieces of Jewish history, religion and geography in the world, and we will get it done.”

Watch full i24 piece here

3 Greenberg Traurig Attorneys Named 2018 Law360 MVPs

Posted in Crisis Management, Dispute Resolution, Firm News, Global Benefits & Compensation, Litigation

Congratulations to Greenberg Traurig’s Lori Cohen, Marc Mukasey, and Todd Wozniak, who have been selected as  2018 MVPs. The MVP series showcases standout attorneys who have had significant client wins and contributions to their practice areas in the last year.

Lori, Marc, and Todd have a strong commitment to an elite level of client service, providing counsel founded on multidisciplinary experience and collaborative teamwork.

Lori G. Cohen, Life Sciences MVP:
Lori is Co-Chair of the firm’s Global Litigation Practice, as well as Chair of Trial Practice Group and its Pharmaceutical, Medical Device & Health Care Litigation Practice. Lori is nationally recognized for her extraordinary trial success record and her ability to communicate complex scientific concepts to juries in various jurisdictions. Lori and her team represent pharmaceutical and medical device manufacturers in some of the largest multidistrict litigations and mass tort cases in the country, while defending some of the most dangerous single-plaintiff catastrophic injury cases in challenging, plaintiff-friendly jurisdictions. To read Lori’s full MVP profile, highlighting her practice and latest career successes, click here.

Marc L. Mukasey, White Collar MVP: In the last year, Marc, Global Co-Chair of the firm’s White Collar Defense and Special Investigations Practice, had two significant criminal trial victories – the first-ever acquittal in a criminal “spoofing” trial (U.S. v. Flotron) and the successful trial defense of a residential mortgage-backed securities bond trader (U.S. v. Gramins). He also represents Rick Pitino, a legendary college basketball coach, and is leading the GT team representing individuals in the ongoing investigation by Special Counsel Robert Mueller. To read more about Marc’s latest client representations in his Law360 MVP profile, click here.

Todd D. Wozniak, Benefits MVP: Co-Chair of the firm’s ERISA & Employee Benefits Litigation Group, Todd has tried more than 40 cases or arbitrations to verdict and has defended dozens of class and collective actions. Todd’s recent work includes a historic settlement in a putative Employee Stock Ownership (ESOP) class action (Hoover v. Brijon Management) where the district court certified the non-opt-out settlement class and awarded no damages or attorneys’ fees to plaintiffs and their counsel. To read in greater detail about Todd’s work in the last year and what differentiates him from his peers, click here for his Law360 MVP profile.

Greenberg Traurig is a global law firm with approximately 2,000 attorneys and governmental affairs professionals in 38 commercial and government centers across the United States and in Europe, Latin America, and Asia, in addition to Israel.   Greenberg Traurig provides integrated, business-focused legal services for clients ranging from Fortune 500 corporations to innovative startups. The firm’s multidisciplinary teams include senior lawyers who have served as chief legal officers at major multinational companies and have spent years solving real-world problems in the business, political, and legal arenas. For additional information, please visit