Sagi possesses vast and varied experience in commercial law, corporate law, mergers and acquisitions, intellectual property, and regulation. Sagi provides ongoing legal advice to a variety of corporations, particularly NPOs, cooperative societies and partnerships.
Sagi advises the firm’s corporate clients on various aspects of commercial and corporate law, including commercial agreements, service agreements, loan and securities agreements, distribution, franchising, manufacturing, sale, and supply. In addition, Sagi provides legal opinions on a variety of regulatory issues, including antitrust, consumer protection, and tenders law.
Sagi also represents clients in commercial transactions, joint ventures, mergers and acquisitions, and restructuring and financing arrangements.
Prior to joining Barnea, Sagi practiced law for several years at a leading Israeli firm.
Tel Aviv University LL.M. 2020
The Interdisciplinary Center Herzliya LL.B, B.A Business Administration 2010
Member of Israel Bar Association since 2011
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Five Things You Didn’t Know about Impact Investing
In the last decade, impact investments have become an international trend to address global challenges in the areas of environment, welfare, health, employment, and education.
In light of the development of the impact investments' field, we recommend familiarizing yourself with several terms that may help when examining investments in general and impact investments in particular:
Impact Investing –Impact investments are financial investments that also consider how social or environmental factors contribute to the value of the investment, in addition to the financial value such investments present. Investments can be made, inter alia, in a corporation that produces commercial solutions to environmental and/or social problems as part of its business model, while measuring the social impact and the economic return of the investment. In this context, it should be noted that it is possible to quantify the social return through certain indexes, such as the ESG Index and the Israeli Maala Index (as defined below).
Impact Fund –An impact fund is a fund that raises money from investors in order to invest it in entities that yield a financial return and a quantifiable social return. The principles guiding an impact fund are generally investments in corporations viewed as advancing social or environmental causes, as well as corporations viewed as active in the ESG field (Environmental, Social, Governance), in accordance with the fund's framework. The management composition of an impact fund generally includes managers from both the ESG field and financial fields.
Social Bonds –Social bonds enable fundraising from investors in order to fund social goals as well as defined social plans. When the plans succeed, the public entity that issued the bonds, or the state, make payments for the bonds that increase as the social outcomes of the plans, or the goals, improve. Investors in social bonds are generally sophisticated investors with familiarity and experience in the capital market. In Israel, non-profit corporations (such as associations (Amutot) or public benefit companies) issue a number of social bonds. One example is the issuance of social bonds to increase the number of math graduates of advanced high school math programs in Rahat, bya company called Social Finance Israel, incorporated as a public benefit company.
Benefit Corporations (B Corporations) –B Corporations are corporations committed to social causes. These corporations operate differently than regular businesses as they adopt a "double bottom line" model. In other words, these corporations have a twofold purpose—producing financial gains and, in parallel, working toward societal welfare in terms of environmental protections, employment and labor protections, etc.
ESG Index –The ESG Index measures the environmental, social, or governance aspects of a corporation. Each company evaluated on the index receives a numerical grade and a ranking on the index's numerical scale. The ESG Index forms an international standard of sorts, whereby investors from around the world can examine the social aspects of a company (if any) that are not included in its financial reports. The ESG Index’s evaluation process involves a large number of criteria. These include human rights, environmental protections, business conduct, community involvement, and more.
Maala Index –The Maala Index is the Israeli index for corporate social responsibility, which is very similar in nature and criteria to the ESG index. The Maala Index provides investors with information on the extent of social responsibility of Israeli public corporations.
If you would like to discuss the above or require further information, please contact adv. Sagi Gross. Sagi provides legal opinions on a variety of regulatory issues, including antitrust, environmental law, consumer protection, and tenders law.
Barnea's Pro Bono Activity Highlighted in Maariv
The severe economic damage caused by the coronavirus crisis has intensified the need for philanthropic ventures. The Maariv newspaper dedicated a section to highlight our firm’s pro bono activities. Adv. Sagi Gross, who leads our activity in the area of social welfare, discussed the firm’s work with the “Supportive Family” foundation.
An Act of Deterrence against a Polluting Plant
Israel's Ministry of Environmental Protection imposed a financial sanction of NIS 634,000 on Bazan Group's Gadiv Petrochemical Industries for not complying with a deadline to stop harmful emissions. The ministry stated that due to the severity of the violation, both a financial sanction and administrative enforcement measures would be imposed.