The latest IVC-ZAG report notes that Israeli startups raised record $1.2B in Jan ’21, after raising a record $10B in ’20. Israeli tech startups have begun ’21 with more capital raised than in any single month before. At the other end of the spectrum, Gross Law Firm and Latham & Watkins are advising otonomo on its planned USD 14 billion merger with a U.S. SPAC, the NASDAQ-listed Software Acquisition Group Inc II., represented by Gornitzky & Co. and Kirkland & Ellis. Naschitz, Brandes, Amir & Co. has advised FIMI Group on latest acquisition – a majority stake in Tel Aviv listed E&M (Emet) Computing Ltd and DLA Piper advised Caesarstone on its strategic acquisition of Omicron
The natural gas sector received a boost after the year-long dispute between the partners holding rights to the Tamar and Leviathan offshore gas fields has finally ended. Erdinast, Ben Nathan, Toledano & Co. advised on resolving the case, which will now see Chevron allow Tamar partners to sell gas separately; and the ever-evolving relationship between the UAE and Israel will be explored in a webinar by Fox Rothschild as news emerged from Dubai that trade with Israel has topped USD 270 million since normalization.
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