Israel
“Cleary Gottlieb wins striking acclaim for its experience in high-profile M&A, capital markets, and high-tech transactions and litigation”
IsraelDesks, 2021
Cleary Gottlieb represents clients in high-profile matters related to Israel across a range of practice areas, including capital markets, cybersecurity, IP, M&A, bankruptcy, litigation, real estate, and private equity.
Cleary is particularly known for advice in connection with complex cross-border matters across various legal disciplines and a broad range of industries, including Internet of Things, artificial intelligence, fintech, telecommunications, life sciences, essential infrastructure, media and entertainment, financial services, and consumer goods. Cleary is also active in the representation of Israeli clients in important class action and other litigation in U.S. courts as well as arbitration matters.
Notable Experience
Corporate
International Flavors & Fragrances in its $7.1 billion acquisition of Frutarom, resulting in IFF’s listing of common stock on the Tel Aviv Stock Exchange and the related acquisition finance.
3M in the sale of its Israeli subsidiary electronic monitoring business to an affiliate of Apax Partners.
Google in its acquisition of Waze.
América Móvil in its investment in Mobli, its first investment in Israel.
Stanley Black & Decker in its acquisition of AeroScout, an Israeli tech company.
Nortel in the sale of its Alteon business to Radware.
Temasek in its acquisition of Israeli cybersecurity startup Sygnia.
An information security training company in its sale to a home security system provider.
A large Israeli utility company in its Rule 144A/Regulation S $1 billion debt offering.
Underwriters in a series of Rule 144A/Regulation S securities offerings by Teva Pharmaceutical Industries over the past decade, including its $7.425 billion equity offering to finance its acquisition of Allergan’s worldwide generic pharmaceuticals business.
Underwriters in the IPO and follow-on debt offerings of Israel Chemicals.
Disputes
Bank Leumi USA (and until it was dismissed Bank Leumi Le-Israel B.M.) in an ongoing defense against Alien Tort Statute and related state law claims before the U.S. District Court for the District of Columbia.
D.B.S. Satellite Services LTD (Yes) and its former CEO and CFO in a putative securities fraud class action brought in the U.S. District Court, Southern District of New York, alleging misleading statements in SEC filings made by defendant BComm regarding, among other things, information it reported about the acquisition of shares of Yes by a BComm subsidiary.
Sabre in antitrust matters including support in ongoing litigation proceedings in Israel.
Review of corruption risk and global anti-corruption compliance program for a multinational company, including directing work of forensic accountants around the world.
Goldman Sachs in defending a number of major consolidated putative class actions in the U.S. and Israel and major opt-out cases brought against numerous foreign exchange dealers alleging antitrust conspiracies affecting the FX market.
Whirlpool in cartel investigations by the DOJ, EU, and others, and in related civil litigation in the US, Canada, Europe, Brazil, and Israel.
Netafim, an Israeli manufacturer, in winning dismissal of group boycott claims related to irrigation equipment.
OPKO Health in a U.S. securities class action, which asserts claims under both the U.S. and Israeli securities laws, concerning an alleged pump-and-dump scheme, which is also the subject of parallel securities class actions in Israel.