Oil & Gas L.P. Taxation
Under Israeli tax law a partnership is a pass through entity. The taxation is imposed on the partners and not on the partnership whose profits, loses and expenditures are allocated to the partners. There are special tax regulations that provide certain tax benefits to partnerships involved in oil and gas explorations in order to provide an incentive to investors in such partnerships.
Our firm represents most of the oil and gas partnerships traded on the Tel Aviv Stock Exchange. We provide these partnerships with on going tax advice on their taxation, including legal opinion on the tax aspects when the partnership raises funds on the stock exchange and a pre ruling from the Israeli Taxation Authority as to the tax consequences of the partnership which is a condition for going public and later when the partnership wishes to raise additional funds.
Capital markets
In the last 20 years the our law firm's leading team has specialized in high-profile practice in the field of securities and the capital market. The firm is permanently ranked as one of the leading law firms the in this sector, and is known for leading the most complex deals and public offerings. Our lawyers are experienced in a range of skills working with the Israel Securities Authority (ISA), Tel Aviv Stock Exchange (TASE), central players in the capital market, underwriters, investment houses and banks. The firm also works with leading international investment banks in obtaining financing, managing IPO s (including on AIM and other foreign stock) and similar other services as clients may require.
Taxation
The firm is actively involved in tax planning and structuring of optimal ways of doing business in and out of Israel. In doing so, the firm is using the vast experience of Dr. Zeev Holender, who did his SJD at Harvard Law School specializing in taxation of mergers and acquisitions and served as a lecturer in taxation and corporate taxation at Tel Aviv University, Faculty of Law and other universities and colleges in Israel. Israeli tax law is complex but suitable tax planning may reveal certain loopholes from which an investor may benefit if used properly. This requires the advice of an expert. The firm is involved in all aspects of tax advice in connection with transactions conducted by its clients, including the preferred structure for tax purposes, the tax consequences of gain derived from the transaction, exemption accorded to foreign investors and other relevant tax issues associated with the clients business. In many cases, the firm also combines its Amsterdam office in providing its clients with a structure that meets the needs of the clients when operating outside of Israel. This will typically involves the formation of a Dutch company or another offshore entity.
Oil & Gas
The recent discoveries of huge gas field off shore triggered a great surge in this sector in Israel, with the price of the partnerships units involved in oil and gas explorations and traded on the Tel-Aviv Stock Exchange ("TASE") reaching unprecedented peak.
Our firm has over 20 years’ unique experience in IPOs of oil and gas partnerships on the TASE, including the raising of funds after the initial listing for trading. The firm represents the majority of the oil and gas partnerships whose units are listed and traded on the TASE. Over the years, working on a daily basis with the major players in the Israeli market, the firm acquired unique knowledge of this field, including the filing of a request for a permit or license, the purchase of interests in oil and gas assets, the financing of oil and gas transactions and the negotiation and drafting of all types of oil and gas agreements, including contracts with drilling contractors, and joint operation agreements.
Furthermore, the firm is regularly involved in IPO's of oil and gas partnership's unit and fund raising on the stock exchange for oil and gas transactions. Because Israel provides substantial tax incentives to oil and gas partnerships, the Israeli stock market for oil and gas partnership developed over the years into a complex structure requiring unique expertise in this area which the firm obtained through the years while assisting the majority of the partnerships currently traded on the TASE. The firm’s tax expertise provides it with a significant advantage in the process of the IPO and fund raising which requires a thorough knowledge of tax and the capital market. In addition, the firm has an experience in dealing with all the regulatory bodies involved in the process, including the Oil Commissioner. The firm is retained by the majority of the publicly traded oil and gas partnerships in Israel and advises them in all their activities and deals, including agreements with their reports to the TASE. These partnerships, after their IPO and fund raising, continue to receive the firm’s full services and support. The firm has become the address for entrepreneurs in the field of oil and gas exploration in Israel who are looking for quality legal services based on many years of experience in this complex area.
Hi-Tech
Our law firm represents a number of well-known Israeli venture capital funds and major foreign investors in multi-million worth technology-related investment transactions. In addition, the firm advises to start-up companies and individual entrepreneurs as well. Such experience in both sides allows our lawyers to understand more fully the interests and needs of either venture capital funds and the companies seeking investments, further enabling us to provide in each case the most effective legal advice.
International Transactions
Our office has broad exprerience in all stages of International Transactions. We advise our clients with regard to Structuring International Transactions, Tax Planning of International Transactions and can provide various unique services in connection to the contemplated deal.
We provide a wide range of professional services which include Formation of companies in EU, and especially Dutch companies (both BV and NV). The companies may be further maintained by our office in Amsterdam (which is licensed and supervised by the Dutch Central Bank) too.
We provide legal counsel both with regard to Investment in Israel by foreign investors and in cross border transactions by Israeli companies and individuals.
Commercial Law
Our law firm represents companies and individual businessmen in their day-to-day activity, including drafting agreements, corporate litigation, representation before commissions and tribunals and real estate transaction etc.
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