Apr 5, 2018

Casual Use of “Efforts” Language in Contracts Increases Litigation Risk (Take the Time to Negotiate What Is Expected)

Contract Negotiation

When parties negotiate ongoing obligations in a contract, the parties typically make reference to a particular standard of effort. A number of different terms or phrases are used, such as “best efforts,”  “reasonable efforts,” “commercially reasonable efforts,” “commercially reasonable best efforts,” and “diligent efforts.” But what exactly do these phrases mean, and how are they… Read more


Dec 21, 2017

Changes to Certain Federal and State Laws Relevant for Israeli Companies with U.S. Operations

Tax Law with Gavel

A number of you in Israel have asked about the impact of the new U.S. tax law regime. At the time, the reconciliation process between the House and Senate versions was still underway, so it was too soon to know for sure. Now we know. There will be many updates on the Web from various… Read more


Nov 7, 2017

Are the Deferred Compensation and Other Equity Award Arrangements for My U.S. Affiliates Going to Fundamentally Change?

Man Calculating Taxes

As many of you in Israel may have heard, a major change to the U.S. Tax Code has been proposed and is being negotiated (perhaps fought over) by various constituent groups, and their lobbyists.  Many companies in Israel have U.S. operations and thus U.S. deferred compensation arrangements.  These could be fundamentally changed if the Administration’s… Read more


Sep 5, 2017

Beware of Post-Closing Actions Having a Retro-Active Pre-Closing Impact

Balance Sheet

We are now in September, and with the turn of the Gregorian calendar, comes the unofficial end of summer for both the United States and Israel.  Most have taken their summer holidays, the children are back in school, and the company transaction environment gains new momentum for the balance of the calendar year.  It is… Read more


Mar 22, 2017

Kirsch to Serve as Panelist at IP Conference in Tel Aviv

Full Seminar Room

Greg Kirsch, SGR partner and Head of the firm’s Intellectual Property (IP) Department, will be serving as a panelist at a major IP conference being held in Tel Aviv, Israel on March 27, 2017, entitled the 5th annual “Best Practices in Intellectual Property Management”. Speakers at the conference include senior in-house patent and IP counsel… Read more


Feb 23, 2017

FYI – לידיעתך

Tel Aviv

This is a true story. The names have been changed for purposes of confidentiality. I debated with myself about whether or not to write a newsletter piece on this transaction. However, the matter was of such a nature, and the consequences so dramatic, that the story needed to be shared. What was at stake was… Read more