FISCHER (FBC & Co.); Formerly Fischer Behar Chen Well Orion & Co

We were pleased to represent Yesodot in connection with a framework of collaboration agreements with Amitim Pension Funds, for the purpose of establishing a dedicated platform for financing real estate projects, with an initial commitment of NIS 400 million. The platform will be managed by Yesodot, with Amitim committing NIS 300 million and Yesodot committing NIS 100 million. The framework is expected to support approximately 10 to 15 transactions, primarily in the urban renewal sector, and is intended to provide developers with certainty, speed, and financial flexibility. Our firm’s team, led by Adv. Miri Kimhi, Partner and Head of our Banking & Finance practice, together with Adv. Tom Nissani, a Partner in the practice, represented Yesodot in this successful transaction. For news coverage in The Marker, see here - https://lnkd.in/eESBKx2u Magdilim - https://lnkd.in/dHf-Ni7d Nadlan Center - https://lnkd.in/eeQrtujv https://lnkd.in/ekJ3_eqQ  

The Aharon Barak Prize for Senior Scholar in Law 2026 We are proud and delighted to congratulate Prof. Shahar Lifshitz, a consultant in our Private Clients, Family Wealth Management and Intergenerational Transfers practice, on receiving the Aharon Barak Prize for Senior Legal Scholarship for 2026. This prestigious award reflects Prof. Lifshitz’s exceptional academic distinction, and we are especially proud of the unique role he plays in our firm's practice, combining scholarly depth, innovative legal thinking, and practical experience in advising on complex intergenerational transfers involving family businesses and assets. Prof. Lifshitz’s contribution to the practice and to our clients is significant and distinctive, and we are proud to offer our clients legal advice at the highest level.

We were pleased to participate in the Dun’s 100 Urban Renewal Law Firm Forum 2026. Adv. Liron-Levy Lev, partner and head of our Urban Renewal practice in our Real Estate department, participated in the forum and discussed the growing phenomenon of “financing agreement holdouts”. According to Liron “The phenomenon of ‘financing agreement holdouts’ is becoming one of the key friction points in urban renewal projects. These are apartment owners who signed the urban renewal agreement but, at the financing agreement stage - just before vacating the building and commencement of construction - refuse to sign and, in some cases, raise new claims or demands that had not been raised over the years. In practice, the refusal of a single resident may delay an entire project and impact dozens of families awaiting its realization. Currently, there is no effective or expedited legal mechanism for addressing this issue. Therefore, legislative amendments should be considered to introduce a dedicated fast-track process for financing agreement holdouts, similar to the mechanisms already available for dealing with holdout tenants.” To read the full article on N12 - https://lnkd.in/dqymXdtK

After 16 Years: Court Releases Residents from TAMA 38 Agreement with Developer Our firm successfully represented residents of a residential building in Ramat Gan who sought to be released from a TAMA 38 agreement executed in 2010. The District Court, followed by the Supreme Court, upheld the claims of seven apartment owners and ruled that the agreement was null and void, holding that the conditions precedent had not been satisfied and that the developer had made misrepresentations regarding its experience in building reinforcement projects. Following the ruling, the remaining apartment owners sought the deletion of the cautionary notices registered in favour of the developer. After the developer refused, the matter was brought before the Commissioner for Residents’ Complaints at the Government Authority for Urban Renewal, who ruled that the invalidation of the agreement should apply to all apartment owners in the building. The developer petitioned the Administrative Court, which dismissed the petition in a strongly worded judgment, finding that the developer had acted in bad faith by attempting to hold the residents hostage despite final judicial determinations. As a result, all cautionary notices were deleted, enabling the residents to engage with an alternative developer for a new urban renewal (pinui-binui) project. The residents were represented throughout this successful matter by our Litigation partners, Oded Revivo and Royi Steinmetz. To read the full coverage on YNET - https://lnkd.in/emP76-qe The Marker - https://lnkd.in/ewcpXg_B

NIS Hundreds of Millions at Stake: The Battle Over Passenger Compensation Following the Wave of Flight Cancellations Thousands of claims are awaiting a ruling by the High Court of Justice on a petition filed by the airlines against the Minister of Transportation, alleging that she failed to exercise her authority regarding consumer compensation during emergency periods. Shirly Kazir, partner and head of our Aviation, Tourism and Hospitality Practice, was interviewed by Noga Nir Naaman on Channel 13 News’ main evening broadcast regarding the ongoing struggle of Israeli passengers still awaiting compensation for flights cancelled during the rounds of conflict with Iran. Watch the full news report here - https://lnkd.in/eyZ9mypg

“The new law is an important step because, for the first time, it provides a dedicated framework for comprehensively rehabilitating war-damaged areas through urban renewal, rather than simply repairing individual damaged buildings on a piecemeal basis. One significant advantage of the law is that it consolidates under a single framework the designation of the area, the planning process, the selection of a developer, the acquisition of rights, and financial assistance. The law can therefore facilitate broader, safer, and better-planned rehabilitation in places where it is clear that returning to the previous situation makes no sense. However, the law’s main shortcoming is that, on paper, it appears to streamline procedures and offer a prompt response, whereas in practice the timeframes it sets out are still far too long for residents displaced from their homes." Adv. Liron-Levy Lev, Partner and Head of our firm’s Urban Renewal practice, made these remarks to Calcalist ahead of the Dun's 100 Forum for Leaders in Urban Renewal (26 May 2026). To read the full article on N12 - https://lnkd.in/e4ynGXuj

We were pleased to participate in the Dun’s 100 Insolvency Law Firm Forum 2026. Adv. Lihi Blumenfeld, a partner in our firm’s Insolvency Department, took part in the forum and spoke about Amendment No. 9 to the Insolvency and Financial Rehabilitation Law. In her words, "Amendment 9 was intended to address issues that had not been dealt with in the previous amendment to the law. For example, any company could apply for a debt arrangement, even where this was merely a vehicle for debt write-off, and the amendment addressed that. The amendment was designed to create a permanent framework to replace Amendment 4, while introducing adjustments and safeguards, including that it applies only to operating companies; requires the submission of a structured arrangement rather than a mere outline; requires financing for the proceeding; requires a funding source for payments to employees; shortens the relevant time periods to prevent delay; and more. In practice, the amendment seeks to prevent companies from filing arrangement applications simply to control the appointment of the officeholder, since moving between proceedings requires the appointment of a different officeholder. In that sense, the amendment has raised the threshold for companies seeking to file arrangement applications and has prevented insolvent companies from filing applications that are, in substance, debt write-off requests with no real prospect of success. The question today is whether that threshold is in fact too high and too narrow - and so far the amendment has provided only partial solutions to that concern." Read the full article in Calcalist - https://lnkd.in/d54xxzkp To read the article on N12 - https://lnkd.in/ePXUhvsx

You are invited to read an article published this week in Globes on a ruling by the Tel Aviv District Court, which held that granting the same area addition to all apartment owners in a building disadvantages owners of larger apartments and is inconsistent with principles of equality. According to Adv. Liron-Levy Lev, Partner and Head of our Urban Renewal practice, "The ruling significantly undermines the model that has developed in recent years, under which, as a general rule, the consideration offered to apartment owners is determined in a uniform, simple and practical manner, in order to provide certainty, maintain economic feasibility, and secure the majority required to advance the project." To read the full article in Globes - https://lnkd.in/eceJc62a

A new directive could make credit more expensive for polluting businesses - and put entire industries in the spotlight We invite you to read an article published this week in Globes on a new directive issued by the Supervisor of Banks, which will restrict credit for companies that have not prepared to manage climate-related risks. Adv. Merav Tabib, Partner and Head of our firm’s Environmental Law & Sustainability practice, was featured in the article. In her words, “The new directive is also relevant for Israeli businesses that export products to jurisdictions with more developed climate regulations than Israel, such as the European Union, U.S. states such as California and, more recently, China - regions considered to be at the forefront of climate regulation... Those who prepare early will benefit from a strategic advantage, while those who fail to do so will likely face higher borrowing costs.” To read the full article in Globes - https://lnkd.in/erfn_cnP