A major area of focus for the tax team at Herzog Fox & Neeman is on corporate tax advice in cross-border transactions. The tax team is divided into five departments: corporate tax, taxation of high net worth individuals, employee equity benefit plans, ...
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A major area of focus for the tax team at Herzog Fox & Neeman is on corporate tax advice in cross-border transactions. The tax team is divided into five departments: corporate tax, taxation of high net worth individuals, employee equity benefit plans, private equity and investment fund formation, and indirect tax.
The team provides tax advice to domestic and MNCs on tax matters primarily to do with their operations in Israel, real estate acquisitions and municipal laws, as well as financial instruments, financing and restructuring-related workout transactions.
The tax department is led by managing partner Meir Linzen together with senior tax partner Eldar Ben-Ruby, who focuses on private equity and investment fund formation. Ben-Ruby is highly regarded by peers for his work in corporate tax and M&A. A fellow peer notes that their tax practice is "brilliant".
The team advised Facebook on the integration of its newly acquired subsidiary, Snaptu, an Israeli start-up that develops applications for mobile phones, into Facebook's global structure. The team acted, in one of the largest exits of 2011, as local tax counsel for the world's largest advertisement services company, DG Fastchannel, in its $517 million acquisition of MediaMind Technologies. Tax advice was also provided to a leading private equity firm, GTCR, in the acquisition and financing of Fundtech, a leading provider of software and services for banks, for approximately US$390 million.
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