Established 2023 • Karmiel, Israel

Seventy Years of
Legal Excellence,
Reimagined

Israeli financial law. International perspective. Gilinsky & Co. brings a distinguished British legal tradition to the heart of Israel's capital markets.

A Seventy Year
Legal Tradition

Bernie Gilinsky was admitted as an English Lawyer in 1956 after studying law at LSE in London and training in Birmingham, and subsequently qualified in Ontario and British Columbia in Canada, and New South Wales in Australia.

Gilinsky joined City of London firm Davies, Arnold Cooper (DAC), where he became one of the six equity partners. In 1972, Gilinsky left DAC and established S. B. Gilinsky & Co., Solicitors and Commissioners for Oaths, in London.

The current firm was established in 2023 by his son, David Gilinsky in Israel, and seeks to provide the highest level of client service and quality legal advice to clients from Israel and around the world who wish to undertake business in Israel, or to get involved, in whatever way, in the financial markets in Israel.

Our priority is to understand the client's needs and to provide the most appropriate solution to meet that need, something which is not necessarily what it appears to be on first sight.

Our team regularly travels abroad either on behalf of, or in order to visit clients, for example, to the UK, Ireland, Holland, Germany, Spain, Hungary, and the GCC jurisdictions.

1950
Legal Studies Begin
Bernie Gilinsky commences his legal studies at LSE, London.
1956
Admitted as English Solicitor
Bernie Gilinsky completes his articles in a Birmingham law firm. He is later admitted in Ontario and British Columbia in Canada, and New South Wales in Australia.
1960s
Davies, Arnold Cooper
Bernie joins the City of London firm, rising to become one of only six equity partners at one of England's leading practices.
1972
S. B. Gilinsky & Co. Founded
Bernie establishes his own boutique — S. B. Gilinsky & Co., Solicitors and Commissioners for Oaths — in London.
1997
End of an Era
Bernie Gilinsky passes away, and his son David Gilinsky helps his executors to sell the practice.
2008
David Qualifies
After a decade as a merchant banker, including time at NM Rothschild, and training at Allen & Overy LLP, David is admitted as a lawyer in England & Wales.
2017
Israel Bar Association
David qualifies as a lawyer in Israel, completing his dual-qualified status across England & Wales and Israel.
2023
Gilinsky & Co. Established
The current firm is founded by David Gilinsky in Israel — seventy years of family legal excellence, reimagined for a new era.

Our Ethos &
What to Expect

We are a small boutique Israeli law firm that offers top quality advice, and personal service that is attuned to the commercial and specific circumstances and needs of our client.

Unlike some of our larger competitors, we are able to charge a reasonable, affordable fee for our work, and we can offer our clients direct access and service from an experienced, dual qualified, native English-speaking lawyer.

If you want a lawyer who can manage your legal affairs in perfect native English, and work opposite your other professional advisers and service providers in the UK, North America and elsewhere on the basis of a level playing field of experience, then we should be your first point of call.

Where appropriate we are able to offer a fixed price for a piece of work, instead of charging on an hourly basis. On fund establishment work we are able to consider working on the basis of an abort fee and success fee method.

01
Initial Consultation
We provide an initial consultation of up to an hour for no charge.
02
KYC Requirements
We ask that our clients bring their passport or ID card, plus a household bill evidencing their home address to this initial consultation. This will allow us to deal with any applicable Israeli KYC obligations.
03
Formal Engagement
All our legal work is provided under a formal written engagement agreement signed by us with our client, which is subject to the law of the State of Israel.
04
Fixed Rate Options
We are able to agree a fixed rate charge for certain types of work as an alternative to charging an hourly rate.
05
Disbursements
In addition to our fees for legal work, we also charge for our disbursements (i.e. out of pocket expenditure) such as taxis, courier charges, statutory fees, printing, and similar. These will be specified on your invoice.
06
We Come to You
We work with a wide range of leading counsel in all the major onshore and off-shore global jurisdictions. We regularly visit London, Frankfurt, Munich and Hamburg, and have particularly strong connections with law firms across Europe.

Services & Areas of Law

We provide advice for:

  • Regulated and unregulated persons globally on financial regulation in Israel by the main regulators, the Bank of Israel, the Israel Securities Authority and the Capital Markets Authority.
  • Securities, derivatives and their documentation: Custody, Investment Management, Brokerage, Prime Broker, ISDA, Netting and collateral agreements.
  • Establishing private investment funds.
  • Commercial contracts, both in the financial markets, and generally.
Financial Regulation
We advise on all aspects of Israeli financial regulation as applied by the three regulators, the Bank of Israel, the Israel Securities Authority, and the Capital Markets Authority. We also advise on anti-money laundering compliance. Our work includes applications to regulators for regulatory permissions, exemptions from direct regulation, and change of control application.
Private Investment Funds
We are experienced at establishing private off-shore funds – private equity and hedge funds. We have worked on funds in numerous jurisdictions – Jersey, Guernsey, Cayman, Mauritius, and of course in England & Wales and Israel. We work with a wide range of best friend law firms, and leading fund administrators in these jurisdictions, including in Malta, Cyprus and Gibraltar, who provide local law input, and we offer a seamless service to our clients, to provide the optimal fund solution. It is the client's responsibility to secure a banker for the fund, however, we can help with introductions.
Investment Management
We have deep insight into the regulatory and compliance needs of investment management houses, and we can provide advice on all aspects of their activity, from internal procedures, to commercial contracts with third parties (custody, IMA, client, brokerage, administrator, etc.), and compliance with the Regulation of Investment Advice, Investment Marketing and Portfolio Management Law, 5755-1995. We have supported firms using robo-advisers, and funds that use crypto.
Derivatives
We advise on all aspects of derivatives use, structured notes with embedded derivatives, and their documentation, including clearing brokerage agreements, ISDA documentation, Initial Margin requirements, cross-currency variation margin arrangements, and OTC derivatives, including centralized clearing and exemptions for those preferring to continue with bilateral mark to market.
Commercial Contracts
We advise on all manner of commercial contract for clients large and small, from contracts for the manufacture and supply of complicated industrial equipment to financial market contracts of all kinds.
Banking
We can advise on Loan agreements, including leveraged and syndicated loan agreements. We have experience of working with and opposite leading US and UK firms on these transactions.
Corporate Finance
We act for both strategic investors into Israeli companies, and also for Israeli companies at all stages of their growth cycle, on equity and debt transactions and mergers and acquisitions. We have lawyers on our team who are qualified to advise on English law contracts, and can therefore also advise on transactions documentation subject to English law, should this be an element of the deal.
Securitisation
We have experience of working on a range of securitization transactions – on credit card receivables, residential and commercial mortgages. We were involved in discussions with the Bank of Israel on the earlier drafts of the new Bill in the Knesset for Regulating Securitization Transactions, 5785-2025, and are one of very few Israeli law firms to have participated in all the LMA seminars held in Tel Aviv.
Fintech
We are experienced at supporting a wide range of fintech companies at all stages of their growth, including on issues surrounding sandboxes, regulatory applications, and placing appropriate disclaimers and regulatory provisions on their websites, and compliance with the rules on private placement and prospectuses under the Securities Law 5728-1968. We advise P2P lenders, equity crowd funders, robo-advisers, fund and securities platforms, crypto-issuers, exchanges and margin compression agents, under both the Securities Law 5728-1968 and the Payment Services Law, 5779-2019, and Regulation of Payment Services and Payment Initiation Law 5783-2023, and other related law and regulation.
Payment Services
Our experience includes advising payment service providers, and EMIs, on their regulatory obligations under the Regulation of Payment Services and Payment Initiation Law 5783-2023 and in relation to their business contracts; we are currently supporting non-Israeli payment providers to make the necessary applications to the regulator to allow them to offer their services in Israel under the new enabling legislation, which gives the ISA discretion to grant certain regulatory exemptions.

We do not act for clients on litigation, family, property or criminal law matters, however, we know some excellent law firms who do work in these areas, both in Israel and in England, and we can introduce clients to a suitable legal advisor.

David Gilinsky

David Gilinsky — Partner & Founder
Admissions
Solicitor, England & Wales
since February 2008
Lawyer, Israel Bar Association
since June 2017
"If you want a lawyer who can manage your legal affairs in perfect native English, and work opposite your other professional advisers and service providers in the UK, Germany, North America and elsewhere on the basis of a level playing field of experience, then we should be your first point of call."

David was educated at Cambridge University. After a ten-year career in merchant banking – eight years with the NM Rothschild Group in London, and two years as Head of International Investments at Excellence Investments Ltd. in Ramat Gan, David trained in the law at Allen & Overy LLP in London, where he specialized in capital markets, funds and financial regulatory work.

David has deep and broad experience of the financial markets, which he is able to bring to support his clients. David has particular expertise in derivatives markets, and has regularly handled ISDA documentation for clients. David is adept at advising clients on the requirements of Israeli financial regulation, whether from the Israel Securities Authority (ISA), the Bank of Israel (BOI) or the Capital Markets Authority (CMA).

During his fifteen-year career in the law, David has worked in major law firms in both London (e.g. Beachcroft, Howard Kennedy) and Tel Aviv (e.g. Barnea, Caspi), focusing on the field of financial regulation, investment funds, derivatives and capital markets.

David has acted for GCC sovereign wealth funds, advising them on their proposed investments in hedge funds and private equity funds. David has also negotiated ISDA agreements for Canadian mutual fund groups to deal OTC with the major US investment banks. More recently, David has advised Israeli investment houses on ISDA and MIFID2, all manner of clients on AIFMD, and Swiss and French banks and global investment houses and major global securities exchanges on their compliance with the Israeli financial regulation, and Canadian pension funds on their reporting obligations to the Bank of Israel.

David is experienced at establishing off-shore private investment funds, and has best friend firm relationships in all the major off-shore fund jurisdictions.

David is equally at home advising individuals, and family trusts and offices on all manner of commercial contracts.

David can advise in any of English, Arabic or Hebrew, and also speaks Spanish, Farsi and French. David is currently studying German, and is aiming to reach B1 level.

EnglishHebrewArabic SpanishFarsiFrench German (B1)

Degrees

  • MA, Arabic and Persian
    Pembroke College, University of Cambridge
  • MScR, with Merit, Islamic and Middle Eastern Studies
    University of Edinburgh
  • LL.B., City University, London

Admissions

  • Lawyer, Israel Bar Association
    since June 2017
  • Solicitor, England & Wales
    since February 2008

Published Articles

Two articles published in leading legal journals — available for download.

Article I — It ain't fair, Guv
Published in Beachcroft Insurance Focus. The article discusses the UK regulations aimed at protecting the consumer against unfair practices.
Download PDF ↓
Article II — Regulation of crowdfunding in the UK, US and Israel
In this article, we consider how three jurisdictions — the UK, US and Israel — have dealt with the regulatory aspects of the equity crowdfunding sector, comparing and contrasting the approaches taken by the regulators.
Download PDF ↓

We Would Be Delighted
to Hear From You

Postal Address
34 Morad Hagai Street, Karmiel, 2175202, Israel
Meetings
We are able to meet clients in Tel Aviv, or indeed, at any place of your convenience.
Working Hours
Sunday to Thursday inclusive, 9:30am to 8:00pm.
We are closed on the Jewish Sabbath, and the Israeli holidays.

Website Disclaimer

The information contained in this website is provided for informational purposes only and should not be construed or relied upon as legal advice. We hereby disclaim any liability in respect of any act or omission by a visitor to this website on the basis of this website or any information it contains.

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