Congratulations to AMC Health, a longstanding client of GT, for securing a strategic growth investment from York Private Equity, the private investing arm of York Capital Management.
AMC Health is a leading US based telehealth company that delivers advanced, real-time, analytics-driven, virtual care solutions to patients across the healthcare continuum, including payers, provider systems and
Congratulations to our client Venn, an Israeli PropTech company active in the US and Europe, on successfully completing a $60 million Series B funding round. Founded in 2017, Venn currently operates in a range of neighborhoods, including Brooklyn, Kansas City, Tel Aviv and Berlin, and the Company is rapidly expanding its presence throughout the world.
Greenberg Traurig’s cross-border team represented Volvo AB (“Volvo”), the corporate investment arm of the Swedish luxury automobile marque, as part of its $3 million investment into Driivz Ltd. Driivz is an Israeli company offering smart EV charging management platforms. This represents Volvo’s third investment into an Israeli company since 2019. The two prior transactions included
On Jan. 13, 2020, the Committee on Foreign Investment in the United States (CFIUS) released two long-awaited sets of final regulations that implement nearly all of the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA) and go into effect on Feb. 13, 2020. As reported in our GT Alert of Aug. 14, 2018,
The Foreign Investment in Real Property Tax Act of 1980, as amended (FIRPTA), imposes tax on gain realized on disposition by nonresident alien individuals or foreign corporations (non-U.S. persons) of a U.S. real property interests (USRPI) by treating such gain as effectively connected with the conduct of a U.S. trade or business by such non-U.S.
Earlier this summer, S&P Global gave the Israeli economy a vote of confidence by upgrading Israel’s credit rating for the first time in seven years. As reported in a Calcalist article, the new AA- rating is Israel’s highest to date. The change by S&P was made on the heels of Moody’s Investors Service also
Section 338(h)(10) of the Internal Revenue Code can provide significant tax benefits to a buyer of 80% or more of a target corporation. A 338(h)(10) election allows a buyer of stock of an S corporation or a corporation within a consolidated group to treat the transaction as an acquisition of 100% of the assets of
On June 6, the Boston office of Greenberg Traurig hosted the Wharton Israel Conference “Spotlight on Israeli Innovation in Healthcare and Biopharmaceuticals” for Boston area biotechnology and pharmaceutical professionals with Israeli connections. Roman Fayerberg (Boston IP) gave the welcome remarks and Chinh H. Pham (Boston IP) moderated a discussion panel “From Idea to Implementation: A
Despite the close US-Israel relationship, Israeli companies and funds seeking to invest in US technologies can face US national security scrutiny that could significantly delay deals, and in some cases prevent or unwind the transaction. Israeli investment in US technology companies, however, should continue to be regarded as an attractive option, as long as the
Greenberg Traurig will be sponsoring two major Israel events this coming week.
The first is the OurCrowd Global Investor Summit (January 25-26), set to bring together 3,000 investors and companies from 50 different countries.
Shareholder and Israel Practice Co-Chair, Bob Grossman will be speaking at the opening planery.
Israel Practice Co-Chairan, Tel-Aviv Managing Shareholder, and