Best Structured Finance Lawyers in Bat Yam

1. About Structured Finance Law in Bat Yam, Israel

Structured finance in Bat Yam, Israel, centers on asset backed arrangements that pool financial assets into a special vehicle and issue securities to investors. This framework enables real estate developers, businesses, and municipalities in Bat Yam to raise capital against assets suchi as receivables or rental income. Local counsel helps tailor SPV structures, asset transfers, and disclosure documents to meet Israeli and local market needs.

In practice, Bat Yam deals often involve real estate developers seeking to securitize project receivables or rental incomes from Bat Yam properties to fund construction or renovations. Lawyers in Bat Yam navigate corporate, securities, and tax rules to ensure the transaction complies with Israeli law. The goal is to align investor protections with efficient access to funding for local projects.

2. Why You May Need a Lawyer

When pursuing structured finance in Bat Yam, you will typically need a lawyer to protect your rights and ensure regulatory compliance. Below are real world scenarios where dedicated structured finance counsel is essential.

• A Bat Yam developer wants to securitize future rental income from a new beachfront condo project and needs an SPV and trust agreements. An attorney drafts the SPV charter, transfer agreements, and serving contracts with third party managers.
• A Bat Yam property manager plans to securitize accounts receivable from multiple tenants and requires a clean waterfall structure and disclosure package for investors. A lawyer coordinates asset transfers and securitization documentation.
• A local bank seeks to issue asset backed securities backed by Bat Yam mortgage loans and needs regulatory clearance and investor disclosures. A solicitor ensures compliance with securities rules and licensing requirements.
• A Bat Yam investor from abroad wants to participate in Israeli securitized notes and requires due diligence, risk assessment, and cross border tax considerations. An attorney conducts due diligence and advises on tax implications.
• A small Bat Yam business wants to refinance debt through securitization of its receivables, requiring a structured exit plan and governance framework. A legal counsel drafts the financing and compliance framework.
• A SPV formed in Bat Yam must comply with ongoing reporting to the Israel Securities Authority and the local authorities. A lawyer sets up ongoing governance and filing routines.

3. Local Laws Overview

The structured finance framework in Bat Yam relies on national Israeli law applied in a local context. Two to three core statutes and regulations shape how securitization transactions are structured, documented, and regulated.

• Securitization Law, 2005 - the primary framework for securitization vehicles in Israel. It enables SPVs to securitize financial assets and provides for transfer of assets to a dedicated entity, with investor protections and disclosure requirements. (Official references can be found via the Israeli Knesset law database.)
• Securities Law, 1968 - overarching regulation of the issuance of securities in Israel, including asset backed securities and public offerings. The Israel Securities Authority enforces these provisions and issues guidance on disclosure and market conduct.
• Companies Law, 1999 - governs corporate forms for SPVs and the governance framework applicable to securitization structures. It regulates share ownership, fiduciary duties, and corporate approvals for securitization transactions.

For authoritative texts and updates, consult official sources such as the Israel Securities Authority and the Knesset’s law database. The following sources provide official information on these frameworks:

Israel Securities Authority guidance and securitization materials are available to investors and professionals to review compliance requirements and disclosures.

Key official resources:

Israel Securities Authority - Securitization framework, disclosures, and regulatory guidance.

Knesset Law Database - official texts of Securitization Law, Securities Law, and Companies Law.

Regulatory oversight in Israel emphasizes disclosure, investor protection, and ongoing reporting for securitization transactions.

Bank of Israel - supervisory materials on market conduct and securitization- related activity.

4. Frequently Asked Questions

What is securitization in Israel?

Securitization in Israel pools financial assets into a special purpose vehicle and issues securities to investors. The Israeli framework is primarily governed by the Securitization Law and overseen by the ISA.

How does a SPV work in Bat Yam securitization?

An SPV receives assets from a seller, issues securities to investors, and uses the asset cash flows to service the securities. The SPV is a separate legal entity under the Companies Law.

Do I need an attorney to set up a securitization in Bat Yam?

Yes. A lawyer should handle SPV formation, asset transfers, document drafting, and regulatory filings. Professional guidance reduces risk and ensures compliance.

How long does it take to close a securitization deal?

Typical timelines range from 6 to 12 weeks for smaller deals, and 3 to 6 months for complex, multi asset structures with regulatory approvals.

What are typical costs for a structured finance attorney in Bat Yam?

Legal fees vary with complexity. Expect 1 to 3 percent of the deal size in total legal fees plus out of pocket costs for due diligence and filings.

What is the difference between asset backed securities and mortgage backed securities?

Asset backed securities cover diverse assets such as receivables, while mortgage backed securities are backed by real estate mortgages. Both follow securitization regulations but have different asset pools and risk profiles.

Can foreigners invest in Israeli securitized notes?

Foreign investors may participate, subject to regulatory clearance, tax considerations, and compliance with Israeli and international securities laws.

Should I register the SPV in Israel if the assets are offshore?

Asset jurisdiction and tax planning affect this decision. An Israeli attorney can assess SPV registration, governing law, and cross border implications.

Is there a license required to issue securitized products in Israel?

Issuers and intermediaries must comply with securities regulations administered by the ISA. Registration, disclosure, and licensing requirements may apply.

Do I need to perform due diligence on the underlying assets?

Yes. Due diligence confirms asset quality and risk. It is essential for investor protection and regulatory compliance.

What is the role of the Israeli Securities Authority in securitization?

The ISA supervises issuers, monitors disclosures, and enforces securities laws to protect investors in securitized transactions.

How long are disclosure documents valid for securitized notes?

Disclosure documents are updated for each issuance and must reflect current asset performance and risk factors at the time of issue.

What happens if there is a default on securitized notes in Bat Yam?

Defaults trigger servicing and restructuring actions outlined in the transaction documents, with rights and remedies available to investors and the SPV.

5. Additional Resources

• Israel Securities Authority - Regulates securities markets, issues guidance on securitization, and enforces disclosure requirements. https://www.isa.gov.il
• Bank of Israel - Oversees financial stability and market conduct, including securitization related activities and regulatory framework. https://www.boi.org.il/en/Pages/Home.aspx
• Knesset - Official source for the Securitization Law, Securities Law and Companies Law texts and amendments. https://www.knesset.gov.il

6. Next Steps

1. Identify your objective and assemble a Bat Yam structured finance team including an attorney, tax adviser, and financial adviser within 1 week.
2. Gather asset data, contracts, and counterparties to determine the securitization structure within 2 weeks.
3. Consult a Bat Yam attorney to evaluate SPV options, governance, and jurisdictional implications within 1 week.
4. Draft term sheets, asset transfer agreements, and waterfall structures with your attorney over 2-4 weeks.
5. Submit required disclosures and compliance documentation to the Israel Securities Authority for approval, as applicable, within 4-8 weeks.
6. Finalize investor due diligence materials and secure signing of SPV documents within 2-4 weeks after approval.
7. Close the transaction and establish ongoing reporting and governance processes for compliance and investor communications, ongoing basis.