• Michelle has a diverse Corporate and Commercial Practice, with a particular focus on banking and finance, project finance, corporate finance, distressed financing, debt rescheduling, and mergers and acquisitions. Her clients include banks and financial institutions as well as international and domestic companies operating in a wide range of industry sectors, including construction and infrastructure, transportation, telecommunications, hospitals, media, hotels and technology. She has extensive experience acting on domestic and cross-border mergers and acquisitions, joint ventures and other high-value commercial transactions, as well as representing clients in commercial litigation involving complex corporate and contractual disputes.

     

    Ranked as one of Israel's leading project finance lawyers by Chambers Global, Michelle acts for governmental authorities, lenders, O&M operators, contractors and consultants on a large number of high profile infrastructure projects, including the Cross Israel Highway, the Jerusalem Light Railway, Ashdod Assuta Hospital (the first hospital PFI project in Israel) and the financing of the laying of underwater telecommunication cables in the Mediterranean Sea.

     

    Michelle also has extensive experience acting for lenders (on both syndicated and non-syndicated financings), Export Credit Agencies and corporate borrowers on acquisition financing (both domestic and cross border), debt rescheduling, asset and equipment financing, corporate lending, real estate financing, mezzanine financings and financing for companies in distress. Michelle's expertise in the field has been recognized by Chambers Global and European Legal Experts by whom she has been consistently ranked as one of Israel’s leading banking and finance lawyers.

     

    Publications

     

    Michelle is a regular contributor to co-publications of the World Bank and the International Finance Corporation on an array of topics such as:

     

    • Doing Business: Doing Business in a More Transparent World
    • Doing Business: Making a Difference for Entrepreneurs
    • Doing Business: Comparing Regulation in 183 Economies
    • Doing Business: A Survey of Investor Protection
    • Doing Business: A Survey of Contract Enforcement
  • Michelle’s extensive experience includes representing:

     

    • Bank Hapoalim, Bank Leumi, Israel Discount Bank, First International Bank of Israel, Harel Insurance and Union Bank of Israel, as lenders, and, separately, Export-Import Bank of the United States, as lender, on the financing to Bazan Oil Refineries Ltd. for the construction of a Hydrocracker. Total facilities: $900 million
    • Bank Hapoalim, HSBC Bank, Mizrahi Tefahot Bank, Migdal Insurance and Financial Holdings, Union Bank of Israel and Israel Discount Bank as lenders, on the financing to Netafim Ltd.  Total facilities: $500 million
    • Bank Hapoalim on the financing of the acquisition by Paz Oil Company of the Ashdod Oil Refinery Ltd. Total facilities: $650 million
    • The lenders in a senior facility financing transaction on the management buyout of Delek Motors as well as advising Bank Hapoalim and the Manof Funds on mezzanine financing for the same buyout. Overall, the transaction had a value of US$ 400 million
    • Bank Leumi on the financing of the design, planning construction and operation of a hospital PFI project (the construction and operation of a hospital/medical centre by Assuta in Ashdod), the first of its kind - a public hospital planned and run by a private organisation
    • The lenders on the financing of the Jerusalem Light Railway BOT project (Israel’s only light railway project)
    • The State of Israel on the northern extension of the BOT toll road project - the Cross-Israel Highway
    • Bank Hapoalim and Bank Mizrahi on the financing of the leveraged buy out by Fortissimo Capital Fund (an Israeli private equity fund) of Solcon Ltd (a publicly traded company – listed on the Tel Aviv Stock Exchange)
    • Israel Discount Bank, Bank Mizrahi-Tefahot, First International Bank of Israel and the Union Bank of Israel on the refinancing of the acquisition of Prizma Provident Funds from Bank Leumi in connection with the merger of the fund with Psagot Provident Fund
    • Acting on the financing of the construction and operation by Tamares Telecommunications Ltd of an international undersea network of cables in the Mediterranean Sea
    • Club Hotel on the sale of controlling interests in the Israeli publicly traded companies Paz-Chen Ltd and Zmicha Investments Company Ltd.
    • Helicon on the sale of the retail chain, Tslil, one of Israel's largest chain of retail shops of music and films
    • The shareholders in the sale of one of Israel's leading coffee and bakery chains, Ben Ami Ltd.
    • Numerous debt reschedulings, including representing local and foreign lenders on cross border creditor arrangement and rescheduling of debts
    • Bank Hapoalim and Israel Discount Bank on the financings related to the merger of Dash Apax and Meitav Investment House
    • Bank Hapoalim on the financing of Israel's largest chain of cinemas
    • Danaher Corporation, a company listed on the NYSE, on the management buy-out of its subsidiary, Servotronix Ltd.
    • Club Hotel in shareholder disputes, general corporate advice and real estate matters
    • A mezzanine fund on numerous of its financings
    • A number of foreign and local construction companies on various complex contractual disputes
    • Chambers Global 2018: "Possesses deep experience representing syndicates of banks on complex cross-border financings with a strong reputation in the area of project finance."

    • Chambers Global 2018: She is a "very talented and brilliant lawyer" and "her knowledge and memory of the most minute details is priceless."

    • Who's Who Legal: Competition 2018 recognized Michelle Liberman, as a leading expert in the Merger & Acquisition and Corporate Governance fields.

    • IFLR1000: Competition 2017 recognized, Michelle Liberman, as a Highly regarded lawyer in the Banking and Project finance fields.

    • Chambers Global 2016: ‘extremely sharp at focusing on the issues that matter to the client’

    • Chambers Global 2015: Michelle possesses experience in project, corporate and distressed finance mandates.

    • Michelle is ranked by Chambers Global 2014 as one of Israel's leading lawyers for Banking and Finance as well as Projects. She has been described by Chambers Global as:

    • “a highly knowledgeable attorney, and a strong advocate for her clients”;

    • "a brilliant young lawyer who is immensely dedicated to her work";

    • a lawyer who “works to a high standard and is way ahead of her years”;

    • a lawyer who "has very good negotiation and drafting skills, knows the field and has a good command of all the precedents that may come up".

    • European Legal 500 recommends Michelle for her Banking and Finance expertise.

    • Forbes, in its survey of 100 Israeli law firms, ranked Michelle as one of the top five lawyers in Israel in her age group.

    • European Legal Experts 2014 ranks Michelle as one of Israel's leading experts on Banking & Finance, Corporate and M&A, IT and Telecoms and Project Finance/energy.

    • Who's Who Legal 2014 ranks Michelle as one of Israel's leading experts in the field of Corporate Governance.

    • A recipient of the Lawyer Monthly Women in the Law Award 2015.

  • Michelle coordinates in-house seminars for the firm’s lawyers, interns and clients. 

     

    Michelle served as the Vice-Regional Chair for the Cross-Border Transactions Group of Lex Mundi and also on the Women in the Law Committee and currently she’s on the board of Lex Mundi and was elected to serve as the secretary of the organization and executive committee member.