Clifford Davis

Partner

Clifford is a partner at S. Horowitz & Co., where he co-chairs the International Corporate Practice Group. He specializes in cross-border and domestic mergers and acquisitions,  leverage financing, corporate and banking law, providing comprehensive counsel to international and Israeli companies and financial institutions. His extensive practice spans multiple sectors including manufacturing industries, life sciences, retail, satellite communication, media, telecom and mobile telephony, hi-tech, medical devices, autonomous automotive technology, chemicals, energy, food and beverage, electrical goods, and insurance.

Drawing from extensive experience in both Israeli and international markets, Clifford advises on all aspects of local and multinational mergers and acquisitions, leverage buy-outs, joint ventures, venture capital and seed capital financings, IPOs, syndicated and non-syndicated bank financings and refinancings, and securities laws. He provides strategic legal counsel on matters relating to the operation, management, and development of his clients’ business and trading activities in Israel, combining technical expertise with practical business solutions.

In his corporate and transactional practice, Clifford representsmulti-jurisdictional corporates (both public and privately held),  mature technology companies, angels, investors, and venture capital funds on acquisitions, corporate structuring, re-domestications, licensing, investment round financing, founder agreements, and exits. His finance practice encompasses advising Israeli and international borrowers, lenders, private equity firms, ECAs, and investors on all aspects of financing, including syndicated and non-syndicated loans, acquisition and leveraged buyout financings, refinancings, export credit financings, equipment financings, , asset and project finance.

"An outstanding lawyer with vast international experience and enormous legal skills who is able to very quickly cut through a lot of issues"

Chambers 2025

Throughout his career, Clifford has been consistently recognized as one of Israel’s leading lawyers by numerous industry publications, including Chambers Global, The Legal 500, Who’s Who Legal, and IFLR 1000, in the fields of banking and finance, mergers and acquisitions, corporate governance, venture capital, and life sciences. According to Chambers Global 2025, he is ” an outstanding lawyer with vast international experience and enormous legal skills who is able to very quickly cut through a lot of issues “while The Legal 500 2025 describes him as “standing out for his expertise and commercial acumen” as well as being “without a doubt, a phenomenon among lawyers in Israel..”

Notable Representations

  • Representing HP in USD 882 million tender offer for Indigo
  • Advising Robert Bosch Investment Nederland BV on USD 720 million acquisition of Elmo Motion Control Ltd
  • Representing Veolia in USD 341 million sale of water, waste and energy activities
  • Counsel to General Electric Co. on USD 17 billion Alstom SA energy assets acquisition
  • Representing Francisco Partners in USD 550 million MyHeritage leverage buy-out
  • Advising Pathfinder Strategic Credit LP on ECI Telecom transactions valued at USD 324 million
  • Advising various lenders on export credit financings in Africa totaling over $ 2 billion in loans.
  • Representing McDonald’s Corporation on its acquisition of Alonyal Ltd.
  • Representing Kimberly-Clark Corporation on USD 162.5 million Hogla-Kimberly acquisition
  • Acting for Space-Communication Ltd. on USD 293 million AMOS-6 satellite financing

recognition

Education

  • The University of Law Guildford, England
  • Bristol University, England, LL.B., honours

Admission

  • Israel Bar (1996)
  • Solicitor of the Supreme Court of England and Wales (1989)

News & Insights:

Access our legal insights, thought leadership and expert analysis

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Our December 2025 Tax Newsflash is here! Israel’s 2026 Arrangements Law brings dramatic changes: property tax returns after 25 years on vacant land, new tax exemptions for immigrants earning income in Israel, special banking sector taxation, and major Pillar Two

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Israeli Energy and Infrastructure M&A market – trends, shifts, and insights.

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Israel’s aviation sector navigates wartime challenges with legislative amendments. New laws exempt airlines from compensation during conflict periods while courts balance passenger rights with security realities, reshaping aviation liability.

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Partner Gilad Katz and Adv. Lance Blumenthal explore Israel’s strategic role in the Belt and Road Initiative in CDR’s latest edition. The chapter examines major infrastructure projects, Israel’s new arbitration law, and how regulatory developments position the country as a

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Our November 2025 Tax Newsflash is here! Israel’s Tax Authority introduces major changes for 2026: new immigrants must now report foreign assets and income, ending 15+ years of exemption. New rules also target “wallet companies” with stricter taxation on undistributed

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The Tax Authority issued new guidance on taxation of foreign stock options for employees who became Israeli residents. Two beneficial tracks are now available: taxation under Section 3(i) with potential income spreading over 6 years, or conversion to Section 102

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Why do Israeli M&A deals favor share purchases over asset deals? While asset purchases offer liability protection and simpler integration, seller tax concerns drive the preference. But for cross-border deals with post-closing restructuring plans, asset purchases may actually be smarter.

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Israeli insolvency trustees can override contracts and jurisdiction clauses. File proof of debt promptly or lose all rights to recovery from your Israeli partner.

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AIPPI’s Resolution extends emergency patent measures to climate tech while preserving innovation incentives through fair compensation, strict limits, and robust safeguards for patentees.

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One of the recurring and often complex issues in Israeli liability insurance law concerns the extent of the insurer’s obligation to cover legal expenses and, more particularly, what qualifies as “reasonable legal costs” that an insurer must cover.

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On 2 July 2025, a Memorandum of Law for Amendment of the Income Tax Ordinance (Residency of an Individual), 5785-2025 was published for public comment (“the Memorandum of Law”).

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As the digital asset market continues to mature, U.S. regulators have begun taking meaningful steps to establish more consistent, uniform and supportive regulatory frameworks specifically tailored for the crypto industry.

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On 10 July 2025, the European Commission received the final version of the Code of Practice for General-Purpose AI Models (GPAI).

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Reverse solicitation is a well-known concept in financial services in several jurisdictions around the world.

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The Israeli Ministry of Health has published a draft amendment to the Medical Device Regulations (Registration and Renewal of Medical Devices in the Registry and its Renewal), which formally and legislatively anchors the ongoing reform of the medical device registration

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Our mission is clear: to be the best, for our clients.

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Following the outbreak of the “Rising Lion Operation” (the War) and given the security situation in which the country finds itself, the Israel Tax Authority (ITA) published a series of significant easements concerning the deadlines for reporting and the payment

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The U.S. Copyright Office published a groundbreaking, non-binding, pre-publication report examining whether using copyrighted works to train generative AI models falls within “fair use.

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Publication of income tax circular – liquidation and the transfer of assets to shareholders under the temporary provision.

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In recent years, the financial industry has undergone a significant revolution with the widespread adoption of Artificial Intelligence (AI) tools.

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On 11 March 2025, the ITA published a position paper on the subject of acceleration of the vesting period for employee share options upon the occurrence of an exit event or flotation of shares (“the Position Paper”). We believe this

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On 27 February 2025, the Israel Tax Authority (“the ITA”) published a draft Circular for public comments on the attribution of income to R&D centres. This Circular, to the extent it becomes binding, is expected to have considerable importance for

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Thaler v. Perlmutter: The court affirmed that under the Copyright Act, only a human can be recognized as the “author” of a work

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The Department of Risk Management and Medicinal Information at the Israeli Ministry of Health has published, for the public comments, a draft update to procedure No. 6, titled “Reporting of Adverse Events and New Safety Information”.

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Non-bank payment service providers operating in Israel, such as issuers of payment instruments, payment transaction acquirers, payment account managers, and payment initiators, are subject to regulatory requirements.

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