DUN'S 100 - 2016

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2016 | DUN’S 100 DUN’S 100 | 2016
DUN’S 100 | 2016 2016 | DUN’S 100
Law Firms - Real Estate
Shoob & Co. Law Office
Shoob & Co. is one of the leading law firms
in Israel specializing in real estate, planning
and construction. Established in 1957, the
firm provides its clients with the full range of legal
services across the entire spectrumof the real estate
sector, including: representation in complex real
estate transactions; real estate development; re-
zoning; municipal taxation, real estate taxation and
betterment fees; expropriations; real estate litiga-
tion; claims pursuant to Clause 197 of the Planning
and Construction Law (compensation for damages
caused by zoning plans) andmore. Shoob&Co. has
a sterling reputation and its clientele includesmany
of Israel’s leading corporate and private real estate
developers and management companies. The firm
comprises 13 lawyers, 4 paralegals and a depart-
ment specializing in “parcelization” (registration of
subdivisions of real estate plots) and co-ops.
The firm is unique in the depth of its expertise in
real estate law in all of its variety. The firm provides
clientswith full service transactional representation,
from due diligence review and advising on other
aspects of the purchase of real estate, implementa-
tion of the transaction, drafting and negotiating the
relevant agreements (including joint venture and
financing agreements), through the planning ap-
proval process to improve the property, optimizing
the utilization of property, and handling matters
with the various authorities, including the tax au-
thorities. The firm represents clients in combination
deals and/or all types of real estate deals includ-
ing TAMA 38 earthquake retrofit agreements, and
assists in supporting authorities in the rezoning
of land. The firm advises clients in transactions
with contractors, drafting and negotiating agree-
ments with tenants, handling all matters related to
protected tenancy and more. The firm specializes
in: support and assistance to promote approval of
simple and complex city building plans and real
estate associations and subdividing agricultural
property that has been rezoned for construction,
complex procedures that require working with the
tax authorities and urban planning authorities, and
understanding the real value of real estate.
The Firm’s Clients
Among Shoob & Co.’s clients are public and pri-
vate real estate, construction and other companies,
institutional bodies, banks and other financial in-
stitutions, clients from the ultra-orthodox sector
and private clients.
Handling Complex Real Estate Issues
Over the years the firm has handled the planning
of big real estate sites, such as: large plots of real
estate with many owners in – West Rishon LeZion,
Bat Yam, beyond the Yarkon, Pi Glilot, the Samuel
Complex (Shekem Tel Aviv), Netanya and more.
Managing compensation claims against planning
and construction authorities due to damages from
the approval of a new city building plan (Clause
197) or expropriation: handling and reducing im-
provement levies; supporting and handling drawing
up development agreements; complex partnership
liquidation proceedings.
Representation before All Tribunals
Shoob & Co. represents clients before all the rel-
evant tribunals in the sector including: local commit-
tees, appeals committees on the subject of planning
and construction, regional committees for planning
and construction, the National Council for planning
and Construction, as well as other planning institu-
tions. The firm represents clients in civil and admin-
istrative courts including the Supreme Court.
Legal Precedents
Shoob & Co. has obtained many landmark rulings
in the real estate sector, among them:
• Decision in the Hamami case against the Rishon
LeZion local committee, where the Supreme Court
ruled for the first time that, as part of a compen-
sation claim relating to a change in an approved
urban development plan that harms a land owner
– a relative portion of 40% cannot be deducted
from the amount due for compensation as was
customary. This ruling caused a revolution in the
field of urban development compensation claims.
The decision was reaffirmed within the framework
of an additional hearing before five justices in the
Supreme Court. • The Israel Fruit Distribution Co.
vs. Kfar Saba Local Council – a compensation case
in which the court defined, for the first time, what
constitutes “reasonable” compensation of property
owners. • Horowitzvs. Ra’anana Local Council – the
firm representedHorowitz before theSupreme Court
inwhat is today the guiding ruling defining “reason-
able” damage that does not require compensation.
• Har vs. Netanya Local Council – handed down by
the Supreme Court – in which compensation was
granted in connection with land, the development
of which was held up for years by various develop-
ment plans, was fixed for the first time by viewing
all the different plans as one plan for the purpose
of calculating the damages. • BankMassad vs. the
State of Israel – in which the Supreme Court ruled,
for the first time, that land owners whose land was
expropriatedwere entitled to receive compensation
for loss of freehold rent until the State grants com-
pensation. • Isco Buildings vs. the State of Israel
– in which the Supreme Court ruled that the Israel
Lands Administration has no entitlement to a fee
when transferring building rights between various
plots. •Moshe Shoob vs Bnei Barak Planning and
Building Committee – the decision was given by
the Regional Appeals Committee as part of cancel-
lation of conditions according to clauses 77 and 78
published by the Bnei Barak Planning and Build-
ing Committee giving Tama 38 earthquake retrofit
permit expenses to and allocating public space on
the ground floor of lots. • Yitzhak Ben Artzi and 82
others vs State of Israel – proceedings as part of
the ending of holding by the State of land reserves
through orders according to protocol 125 of the
vdefense protocol (state of emergency) 1945.
• Dedicating an assistance fund named for Yaakov
Hytner, the FinanceMinister and others – as part of
a Supreme Court ruling that compensation should
be paid for requisitioning for “lost leases” through
conceptual leasing fees derived from the changing
value of land. • ShalomYerushalaimDivon and oth-
ers v The Petah Tikva Local Committee For Design
and Construction verdict–which the supreme court
ruled that the owner of a land in which he build an
apartment on, and that in which either he or his
relatives resign for at least 4 years after construction
has been completed, will not be required to pay en-
hancement fees, regardless of the number of owners
on set property demanding to utilize this right.
Esta b l i s h e d
1957
L i n e o f B u s i ness
Law Firm Specializing in Real Estate
2 Weizmann St., Amot Tower,
Tel Aviv 6423902
Tel: 972-3-6942000
Fax: 972-3-6942001
Shmuel Shoob
Managing Partner *
Moshe Shoob
Founder *
* See Top Executives Profiles - Page 582