Team size: Three

What are the most significant cases or transactions you and your team have been involved in?

Globe Invest Limited (‘GI’) is the family office of the Israeli billionaire Teddy Sagi (the ‘Principal’). The legal team handles the legal affairs of the Principal and his group companies globally. The most significant cases that our legal team has been involved in is as follows: (i) sale of SafeCharge International Group Ltd to Nuvei for $890m out of which approximately $600m; (ii) sale of Meineke Mark Hotel in Berlin to Enismore Group for €7.2m; (iii) legal affairs of Kape Technologies Plc, LSE listed digital security company; (iv) legal affairs of Unikmind including AGMs, EGMs, BoD meetings, Loans from Principal to finance its activities, participating in Kape’s AGMs/EGMs, capital raisings, FCA announcements; (v) acquisition of LTMI Holdings by Kape $128m with a bridge loan of $40m and an additional $20m facility for deferred cash consideration payments; (vi) acquisition of shares and operating assets of Access Global Limited (Express VPN) and its subsidiaries, in consideration to $949m by underwriting and participating Kape’s placing/equity fundraising making available an immediate drawable facility and a delayed-drawn facility commitment; (vii) acquisition (one of the biggest in Cyprus) of land in Limassol from G K + G Complex Plc for €12.5m Handling (without external advisor’s) the acquisition documentation; (viii) 50 percent investment of GI in the construction Transit Village, Florida total built cost $430-500m – share; (ix) Handling (without external advisor’s) the legal matters relating to Labs Tower Nicosia’s building and planning permits, construction contracts, construction guarantees, insurance, lease agreements, licenses of use, Cypriot bank financing of €25m, restaurant operators’ agreements.

What do you think are the biggest risks facing your industry now and how are you preparing your team and organization to deal with them?

In-house counsel are legal advisors, risk watchdogs and business partners in strategy and operations. They are required to help solve business problems, drive growth, and plan for the future. In this regard, they need to constantly be informed and have at least basic knowledge of legal and regulatory developments as well as several industries’ trends and customary practices in many fields and jurisdictions. Our legal team undertakes continuing training and tries to maintain access to reliable data sources and intelligence solutions that combine legal, regulatory and business-related- trends and news analysis.

Even in the best-case scenario, COVID is likely to have far-reaching ramifications. How are you safeguarding the long-term health of the business?

Covid-19 made us all realise how important business continuity measures are, in terms of both people and infrastructure. I have ensured that our team members have knowledge and expertise in several fields, and they are all informed and up to date with all material transactions, to be able to fill in the shoes of each other if and as needed. Overall, the legal team has all the technological infrastructure and access to allow it to work remotely and be up to speed with any updates from a legal and regulatory point of view.