|Is Israel Ready for a Corporate Court?
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The invitations to the Institute for Law and Economics’
May conference in Tel Aviv were in Hebrew and English, as befitted
a conference that focused on U.S. private equity in Israel and
on the possibility of cloning the Delaware Court of Chancery.
Saul A. Fox L’78 of Fox Paine looked back on his firm’s $100
million acquisition of Paradigm Geophysical in 2002, and its
progress since then, with its founder, Eldad Weiss, and Fox
Paine’s U.S. lawyer on the deal, Mitchell Presser of Wachtell
Lipton, providing perspective on the operational and legal
aspects of the deal. In a later session, U.S. and Israeli deal
lawyers discussed the implications of selling Israeli companies
to American private equity firms.