Accompanying Levinstein Properties’ Independent Committee

Our firm accompanied and provided essential guidance to Leveinstein Properties’ independent committee, authorized by the company’s board of directors, for the purpose of examining a proposal for an engagement through a comprehensive Management Services Agreement with Meshulam Levinstein Contracting & Engineering, the company’s controlling shareholder. Our services included examining alternatives for continuing to engage with the controlling shareholder in the Management Services Agreement, while negotiating the management fees with the controlling shareholder, drafting the addendum to the Management Services Agreement, and preparing a Transaction Report for the shareholders’ general meeting which approved the deal by an overwhelming majority last week.