S. Horowitz & Co’s banking and finance litigation team is known for handling high-profile contentious cases for an array of domestic and international banks and financial institutions, while also advising hedge funds, insurance companies, and credit card companies on both transactional and regulatory matters. Anthony Bloch’s broad practice spans acquisition and project financings and M&A transactions, while Clifford Davis is noted for his expertise in export credit financings and leveraged financings, often with a cross-border element. Michelle Liberman has recently handled several highly complex acquisition finance projects.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • 'The team's hallmark is the surprising breadth of practice and depth of expertise that make it a marvel in the Israeli banking and finance legal market. Compared to other firms, the trio of Clifford Davis, Anthony Bloch and Michelle Liberman covers all the bases of financial work. They fully understand and are able to implement the banking practices and banking law of English and New York law in an Israeli package.'
  • 'I have worked with the team on leveraged finance, cross-border finance, project finance, asset finance, export credit finance and so on - and without a doubt S.Horowitz, and especially Clifford Davis, are the crème de la crème and are a joy to work with.'
  • 'Clifford Davis has an encyclopaedic knowledge of Israeli, New York and English law, he gets the job done smoothly, and with his sense of humour he can negotiate a deal and guide clients to preferential and commercial outcomes - a true legend in his field.'
  • ' Anthony Bloch, who works on energy, transport and infrastructure projects, has a masterful approach. Michelle Liberman is absolutely reliable, gets the job done and can easily navigate cross border financings.'
  • 'Deep understanding of the problems faced by sponsors and financiers wishing to conclude transactions in Israel. Its pragmatism and commercial approach set it apart from many other firms.'
  • 'Clifford Davis - An Israeli lawyer who uses his knowledge of the London market to great effect - perfectly bridges the gap between London and Israel. Always responsive, very knowledgeable and very pragmatic.'
  • 'The team was very professional and helpful. They were able to separate major issues from minor ones and helped us find solutions and analyse exposures. Even though the team was busy with other projects, they always found time to be accessible. The lawyers were professional with relevant experience.'

Key clients

  • Bank Hapoalim B.M
  • Bank Leumi Le’Israel Ltd.
  • Israel Discount Bank Ltd.
  • First International Bank of Israel Ltd.
  • Mizrahi-Tefahot Bank Ltd.
  • Derech Eretz Highways (1997) Ltd
  • El Al Israeli Airlines
  • Francisco Partners LP
  • The Phoenix Insurance Company Ltd.
  • Pathfinder Strategy Fund
  • MUFG Bank Ltd. (Mitsubishi UFJ Financial Group)
  • TA Associates
  • Carlyle Group
  • Israel Electric Corporation
  • Lloyds Bank plc
  • Minrav Group Ltd
  • Megurit Israel Ltd

Work highlights

  • Advised EL AL Israel Airline on a complex transaction including financing granted by Phoenix Insurance Company to a wholly owned subsidiary of El Al and the granting of an option to Phoenix in the subsidiary as part of the sale of El Al’s frequent flyer and associated credit card activity to the subsidiary.
  • Advised Derech Eretz Highways (1997) Ltd as the borrower on the complex project financing of the expansion (addition of extra lanes) to the Cross Israel Highway (Highway 6), Israel’s major north-south toll road.
  • Advised Minrav group Ltd., a public real estate company and a Megurit Israel Ltd., reit fund, on a financing from a group of companies controlled by a leading insurance company, for the construction of a few different projects of long-term rental residential buildings with more than 550 housing units, in a number of central cities in Israel.

Lawyers

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Practice head

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Anthony Bloch, Clifford Davis, Michelle Liberman