Rimon Law helps clients to navigate newly opened commerce between the UAE and Israel
News Richard Ernest · Carl Sherer · September 15, 2020
The September 15 signing of a normalization agreement and establishment of diplomatic relations between the UAE and Israel brings tremendous opportunities, and significant challenges, for investors and companies seeking to do business in friendly, but unfamiliar environments. Rimon Law, a cloud-based law firm and one of the only US-based law firms with both Israel and UAE practices, can serve as an experienced navigator for the pioneering companies looking to get involved in the new opportunities that will arise following the agreement. The firm’s Dubai and Tel Aviv practices focus on M&A and other corporate and commercial activities, including corporate finance, and are uniquely positioned to help clients in the UAE, Israel, and abroad, to simplify, navigate, and leverage the new opportunities created by the relaxation of restrictions.
The value to both countries is clear. For Israeli venture capital funds and technology companies, this is a tremendous opportunity to incorporate new sources of capital. Emiratis, and particularly Emirati sovereign wealth funds, are now able to explore new investment opportunities in the booming Silicon Wadi world. Getting to know each others’ business culture is where good advisors, with deep experience in both worlds, can be invaluable.
Rimon’s UAE and Israel offices are led by veteran attorneys who have handled nearly every type of transaction:
Richard Ernest, head of the firm’s Dubai practice, is an English-law qualified solicitor with over 20 years of experience, more than 12 of those spent in the UAE. Mr. Ernest focuses on banking and finance, advising borrowers, investors, and lenders on all aspects of finance transactions. This includes the financing of domestic and cross-border acquisitions and general corporate lending. In addition to corporate finance, he is experienced in Islamic and conventional leveraged and structured finance, project and ECA-backed finance, acquisition finance, real estate finance, and restructurings and workouts. Mr. Ernest is ranked by Chambers Global 2019 as a leading lawyer for the United Arab Emirates: Banking & Finance.
“Rimon has, for many years, been helping US and other clients with their inbound investments into Israel. With the signing of the normalization agreement, Rimon becomes one of the first US-based international law firms to connect the UAE and Israel with the global experience and resources to successfully assist investors in both countries take full advantage of the new opportunities available,” said Ernest.
Partner Carl Sherer heads the firm’s representative office in Tel-Aviv. Carl has been practicing law for over 35 years and started Rimon’s Israeli practice in 2009. He is licensed to practice law in both the U.S. and Israel. Mr. Sherer has over thirty-five years of experience in corporate and securities law, helping individuals and corporations in both transactional and regulatory capacities in the United States and Israel. He advises clients on major international mergers and acquisitions, international joint ventures, establishment of investment funds, debt and equity offerings and private placements, and provides securities regulatory advice in the United States and in Israel, including under both countries’ investment adviser regulations.
”We’re thrilled to be uniquely well-positioned to help our clients rise to their new opportunities during this exciting time,” said Rimon CEO Michael Moradzadeh. “Rimon has always prided itself on looking to the future, and it’s great to see that approach pay off for our clients in such a direct, tangible way.”
Rimon has 33 offices across four continents. One of the world’s leading digital law firms, it is widely known as being at the vanguard of legal innovation. Rimon has been repeatedly recognized by the Financial Times as one of North America’s most innovative law firms. The firm’s Managing Partners were both named ‘Legal Rebels’ by the American Bar Association’s ABA Journal and have spoken on innovations in the practice of law at Harvard and Stanford Law Schools. Rimon and its lawyers have also received numerous awards for excellence, including from Best Lawyers and Chambers & Partners.