Keeping our clients informed of legal issues and developments effecting their organizations or businesses is one of our top priorities. Our attorneys publish relevant and timely practice area advisories and newsletters, as well as contribute to a number of industry and business publications. Our unique joint venture has also been the focus of articles written by journalists in the legal industry.

Press Releases

ZAG/S&W LLP Successfully Represents Onex Communications in Important SJC Ruling For Manufacturers in Massachusetts

Ruling Affirms Tax Breaks for Start-Up Corporations

ZAG/S&W Press Release, August 2, 2010

Boston, MA — August 2, 2010 — The Massachusetts Supreme Judicial Court (SJC) ruled on Friday, July 30, that the State Department of Revenue was relying on too narrow a definition of manufacturing when it denied Onex Communications a tax exemption meant to encourage start-up manufacturers to locate in Massachusetts. Partner Richard L. Jones of ZAG/S&W LLP represented company Onex Communications in the case.

The case is a big win for start-up companies in the process of manufacturing their first products. The SJC ruled that a company can be considered a manufacturing company even prior to finishing its first product. The court said manufacturing is a process, and a company can be engaged in manufacturing as long as it is performing an essential and integral part of that process, regardless of whether the product is finished.

ZAG/S&W's Richard Jones, who argued on behalf of Onex, said, "We are pleased with this result for our client, as well as for other start-up manufacturers in Massachusetts. The decision has ramifications for manufacturers in the pre-production stage in the State and those that may want to locate in the Commonwealth. It reaffirms the legislature's intent to attract new businesses to Massachusetts."

The State Department of Revenue had argued that because Onex hadn't actually made "a finished product," it could not qualify for the use tax exemption available to manufacturers on its $2.7 million in research and development purchases, and therefore owed close to $300,000 in taxes, interest and penalties.

But the SJC agreed with Onex's argument that it was, in fact, actively engaged in preparing to build the OMNI chip, an integrated circuit for the transmission of a data and voice transmissions for the telecommunications industry. The SJC stated:

"[W]hen a company performs some type of transformative process on raw materials, we have concluded that the company was engaged in manufacturing," the court said.

The court further stated with regard to the Department of Revenue's claim that having a finished product is a prerequisite to being a manufacturing corporation:

"Indeed, such a policy, which would place new companies in a disadvantageous tax position compared to existing companies, would tend to discourage the location of start-up companies in Massachusetts. In addition, imposing a finished product rule would allow the commissioner to set audit periods arbitrarily so that the period reviewed could exclude, even by one day, the time at which the final product was distributed and sold. Such arbitrary enforcement periods would create the possibility of abuse of discretion and unequal treatment of individual taxpayers."

About ZAG/S&W LLP

ZAG/S&W LLP is the world's only true Israeli-American law firm committed to the success of Israeli and U.S. companies seeking to do business between each other's countries. ZAG/S&W is a law firm partnership—one entity—not a referral relationship, with approximately 220 lawyers in the United States and Israel. Our innovative business model enables us to provide completely integrated, cost-efficient legal services, leveraging our expertise on both sides of the Atlantic to help advance our clients' objectives with maximum efficiency—whether it's obtaining financing, forming a joint venture, entering into a technology licensing agreement, or listing a company on NASDAQ. For further information please see http://www.zag-sw.com.

U.S. Contacts:
Leah Schloss
617.338.2448
lschloss@zag-sw.com

ZAG/S&W LLP Adds Renowned Natural Resources Attorney to Environmental Practice

New Of Counsel Expands Reach of Water Resources Group

ZAG/S&W Press Release, July 27, 2010

Washington, D.C. — July 27, 2010 — ZAG/S&W LLP is pleased to announce that George William ("Jerry") Sherk has joined the firm as of counsel in the Water Resource Development Group in the Washington, D.C. office.

Dr. Sherk is a highly regarded practitioner and academic in the fields of natural resource and water law and policy. For many years, he has provided counsel on issues involving water resource management and allocation in both the western and eastern United States. At ZAG/S&W LLP, Dr. Sherk will advise clients on water-related legal and policy issues, and will handle client disputes (particularly interstate disputes) involving the availability, use and quantity and quality of water resources.

Jerome C. Muys Jr., environmental litigator and leader of the firm's Environmental & Natural Resources Group, said, "We are very excited to have Jerry join our team. He brings to ZAG/S&W an impressive depth of water resource experience. In particular, Jerry is intimately familiar with the long history of water scarcity and conservation in the western United States. These issues are now spreading across the country. Jerry will be an essential resource to our clients in navigating water issues, and opportunities involving water conservation and related renewable energy technologies."

Most recently, Dr. Sherk has served as the managing director of the Colorado Energy Research Institute at the Colorado School of Mines, and as an adjunct professor at the University of Denver Sturm College of Law. He also is an associate at the UNESCO Centre for Water Law, Policy and Science at the University of Dundee in Scotland, and previously has served as a visiting scholar at the University of Wyoming College of Law and as a visiting professor at Georgia State University.

Next month, Dr. Sherk will commence a new position as chief operating officer of The International Performance Assessment Centre for Geologic Storage of Carbon Dioxide (IPAC-CO₂) at the University of Regina, in Canada. IPAC-CO₂ is in the process of developing performance assessment standards for carbon sequestration technologies.

According to Dr. Sherk, "Issues relating to both water conservation and the implementation of alternative energy technologies are complex and require an interdisciplinary approach involving both the scientific and legal communities. Joining the firm in an of counsel capacity is exciting because the S&W environmental attorneys know and understand the scientific and technical issues that are inherent in statutory and regulatory requirements."

Previously, Dr. Sherk served as a trial attorney with the Environmental and Natural Resources Division of the U.S. Department of Justice. Since 1990, he has maintained a private law practice. Dr. Sherk has written numerous publications in the water and environmental industries, including Model Interstate Water Compact (with Jerome C. Muys, Sr. and Marilyn O'Leary) and Dividing the Waters: The Resolution of Interstate Water Conflicts in the United States.

About ZAG/S&W LLP

ZAG/S&W LLP is the world's only true Israeli-American law firm committed to the success of Israeli and U.S. companies seeking to do business between each other's countries. ZAG/S&W is a law firm partnership—one entity—not a referral relationship, with approximately 220 lawyers in the United States and Israel. Our innovative business model enables us to provide completely integrated, cost-efficient legal services, leveraging our expertise on both sides of the Atlantic to help advance our clients' objectives with maximum efficiency—whether it's obtaining financing, forming a joint venture, entering into a technology licensing agreement, or listing a company on NASDAQ. For further information please see http://www.zag-sw.com.

U.S. Contacts:
Leah Schloss
617.338.2448
lschloss@zag-sw.com

GLAD Lawsuit Results in Federal Court Striking Down DOMA
Section 3

ZAG/S&W Press Release, July 8, 2010

Boston, MA — July 8, 2010 — ZAG/S&W LLP's Richard L. Jones and David J. Nagle have been acting as lead tax counsel on a pro bono basis to Gay & Lesbian Advocates & Defenders (GLAD) in its filing of a multi-plaintiff legal challenge to Section 3 of the federal Defense of Marriage Act (DOMA). The following press release was distributed by GLAD:

Today, U.S. District Court Judge Joseph L. Tauro ruled that Section 3 of the Defense of Marriage Act (DOMA) is unconstitutional with respect to claims brought by seven married same-sex couples and three widowers from Massachusetts. Under the ruling, the plaintiffs are entitled to the same federal spousal benefits and protections as every other married couple.

The ruling stems from the lawsuit Gill et al v. Office of Personnel Management et al, filed by Gay & Lesbian Advocates & Defenders (GLAD) in March 2009.

"Today the Court simply affirmed that our country won't tolerate second-class marriages," said Mary Bonauto, GLAD's Civil Rights Project Director, who argued the case. "I'm pleased that Judge Tauro recognized that married same-sex couples and surviving spouses have been seriously harmed by DOMA and that the plaintiffs deserve the same opportunities to care and provide for each other and for their children that other families enjoy. This ruling will make a real difference for countless families in Massachusetts."

"I am thrilled that my family will now be treated in the same way as those of my married co-workers at the post office," said Nancy Gill, who is a plaintiff with her spouse, Marcelle Letourneau. "Marcelle and I married out of love and commitment to each other first and foremost, but federal recognition of our marriage means that we'll have equal access to important protections for our two children and for ourselves."

Gill is a 22-year employee of the U.S. Postal Service who cannot cover Letourneau on her family health and vision insurance plans, forcing the couple to pay extra to insure Letourneau. Marcelle is also ineligible to receive the federal health benefit given to surviving spouses or to access Nancy's pension should Nancy predecease her.

The next step in the case is for the federal government to decide whether it will appeal Judge Tauro's ruling to the U.S. Court of Appeals for the First Circuit. That decision should come within the next 60 days.

Congress passed DOMA in 1996. Section 3 of the law states that only a marriage between one man and one woman will be recognized for federal purposes. The Obama Administration called the law discriminatory, even while defending it in court.

GLAD filed the Gill case on the grounds that DOMA Section 3 violates the federal constitutional guarantee of equal protection as applied to federal income tax, Social Security, federal employees and retirees and the issuance of passports. The passport issue was resolved in 2009 when the State Department changed its policy.

Co-counsel in the Gill case included attorneys from the firms Foley Hoag LLP, Sullivan & Worcester LLP, Jenner & Block LLP, and Kator, Parks & Weiser, PLLC. Details about the case, the plaintiffs, and the attorneys representing them can be found at http://www.glad.org/doma.

Read Judge Tauro's ruling: http://www.glad.org/uploads/docs/cases/2010-07-08-gill-district-court-decision.pdf.

About GLAD

Gay & Lesbian Advocates & Defenders is New England's leading legal organization dedicated to ending discrimination based on sexual orientation, HIV status, and gender identity and expression.

About ZAG/S&W LLP

ZAG/S&W LLP is the world's only true Israeli-American law firm committed to the success of Israeli and U.S. companies seeking to do business between each other's countries. ZAG/S&W is a law firm partnership—one entity—not a referral relationship, with approximately 220 lawyers in the United States and Israel. Our innovative business model enables us to provide completely integrated, cost-efficient legal services, leveraging our expertise on both sides of the Atlantic to help advance our clients' objectives with maximum efficiency—whether it's obtaining financing, forming a joint venture, entering into a technology licensing agreement, or listing a company on NASDAQ. For further information please see http://www.zag-sw.com.

U.S. Contacts:
Leah Schloss
617.338.2448
lschloss@zag-sw.com

ZAG/S&W LLP Receives Top Rankings in Four Categories in the 2010 Edition of The Legal 500 United States

ZAG/S&W Press Release, June 17, 2010

Boston, MA — June 17, 2010 — ZAG/S&W LLP was ranked in the following categories in The Legal 500 United States, a directory of leading legal practitioners in the United States compiled on the basis of peer and client referrals:

• Finance: Structured Finance
• Investment Fund Formation and Management: Real Estate Investment Trusts (REITs)
• Mergers, Acquisitions and Buyouts: M&A: Middle-Market (Sub-$500m)
• Tax: Domestic Tax: East Coast

In the Finance category, ZAG/S&W's Securitization Practice Group is commended for "the quickest response time of any firm I have dealt with," "partner coverage," and "very deep legal, asset class, and industry knowledge." Duncan O'Brien, co-leader of the Financings Practice Group, is praised as a "dedicated professional who works as many hours as it takes to get a deal done." Also recommended are Boston partner Alexander Notopoulos, who can "negotiate difficult issues on behalf of his clients while maintaining cordial relationships," and New York Managing Partner, George Lindsay who has "no perceivable weaknesses as a structured finance lawyer."

Considered a "small practice, but with fine lawyers," ZAG/S&W has eight partners who devote the majority of their time to Real Estate Investment Trusts (REITs). According to The Legal 500, ZAG/S&W's REITs Group is ranked nationally as a Tier 3 firm. Ameek Ashok Ponda heads the REITs team from Boston.

Clients "lavish praise" on ZAG/S&W's Mergers & Acquisitions practice for its "excellent around-the-clock response times, incredible industry knowledge and outstanding advice. It is every bit as good as the larger firms, and a perfect fit for company clients with revenues of between $20m and $500m." William Curry and Susan Barnard are "knowledgeable and pragmatic...their advice was well thought-out and still timely."

ZAG/S&W's Tax Group, considered "one of the largest on the East Coast and certainly the strongest in Massachusetts, provides a comprehensive service which includes advice on domestic and international transactions, tax planning, and controversy advice in both federal and state taxes." The Legal 500 reports that the "smart, thoughtful, and focused" group provides "excellent support to the firm's growing bankruptcy and reconstruction department, to the corporate lawyers, and to the finance group. With approximately half of the attorneys of partner rank, and highly experienced, clients comment on 'good team-building and supervision in complex transactions.' New York-based Truman Bidwell recently worked with Boston partner Chris Curtis to lead the team which represented Enexis, the largest electric and gas grid operator in the Netherlands, and prior to that, its parent company, Essent in connection with the unbundling of Essent's grid business and assets from its generation assets. During 2009, Boston's Richard Jones successfully 'prevailed against all the odds' when representing a leading technology company in the Massachusetts Court of Appeal in connection with a state tax dispute over research and development allowances. Ameek Ponda, the Boston-based practice group leader, is commended for his work in the emerging company and REIT sector. Michael Davis, also in Boston, is recommended for high-value estate planning."

About ZAG/S&W LLP

ZAG/S&W LLP is the world's only true Israeli-American law firm committed to the success of Israeli and U.S. companies seeking to do business between each other's countries. ZAG/S&W is a law firm partnership—one entity—not a referral relationship, with approximately 220 lawyers in the United States and Israel. Our innovative business model enables us to provide completely integrated, cost-efficient legal services, leveraging our expertise on both sides of the Atlantic to help advance our clients' objectives with maximum efficiency—whether it's obtaining financing, forming a joint venture, entering into a technology licensing agreement, or listing a company on NASDAQ. For further information please see http://www.zag-sw.com.

U.S. Contacts:
Leah Schloss
617.338.2448
lschloss@zag-sw.com

ZAG/S&W LLP is Ranked in the 2010 Edition of Chambers USA

ZAG/S&W Press Release, June 15, 2010

Boston, MA — June 15, 2010 — Chambers USA: America's Leading Business Lawyers named several ZAG/S&W lawyers among the top in the United States.

ZAG/S&W LLP Rankings

• Tax - Massachusetts - Ranked 2
• Bankruptcy/Restructuring - Massachusetts - Ranked 4

Individual Rankings

• Ameek Ashok Ponda - Tax Massachusetts - Ranked 1
• David Guadagnoli - Employee Benefits & Executive Compensation Massachusetts - Ranked 2
• Ilene Robinson Sunshine - Labor & Employment Massachusetts - Ranked 2
• Michael Davis - Tax Massachusetts - Ranked 2
• Gayle Ehrlich - Bankruptcy/Restructuring Massachusetts - Ranked 3
• Patrick Dinardo - Bankruptcy/Restructuring Massachusetts - Ranked 3
• Christopher Flanagan - Tax Massachusetts - Ranked 3
• Richard Jones - Tax Massachusetts - Ranked 3
• John Ryan - Intellectual Property District of Columbia - Ranked 4
• Barry Pollack - Litigation: White-Collar Crime & Government Investigations Massachusetts - Ranked U
• David Nagle - Tax Massachusetts - Ranked U

Key
U - Up and Coming

Ranked in "band 2" of the Massachusetts Tax category, ZAG/S&W is described by sources as "a team with a very collaborative approach and an excellent reputation." Chambers highlighted a few key individuals, including the director of ZAG/S&W's Tax Department, Ameek Ashok Ponda, who is considered by clients "a very smart lawyer with a creative approach and an amazing brain." Tax Partner Michael Davis is considered "an impressive lawyer with a broad practice." Christopher Flanagan is recognized for "assisting clients with a range of matters including tax planning and analysis in the transactional area." Clients commented that Richard Jones "produces extremely well-written work and has excellent communication skills." David Nagle, who advises on transactional tax planning and disputes work, is considered "an efficient and impressive lawyer whose practice is really up and coming."

In the Bankruptcy/Restructuring category, Chambers recognized ZAG/S&W for "the strong niche it has carved in local matters, including out-of-court workouts and restructurings." The "highly capable" Patrick Dinardo, leader of the firm's Bankruptcy/Creditors' Rights Practice Group, is recognized for his focus on resolving business disputes and bankruptcy-related issues. Gayle Ehrlich is recognized and praised for her practice, which combines commercial and restructuring law matters. She is respected for her "wealth of experience."

In Massachusetts, David Guadagnoli is ranked in "band 2" as a "notable practitioner" in Employment Benefits & Executive Compensation. Also ranked as "band 2" is Ilene Robinson Sunshine who is acknowledged as "a responsive and capable lawyer" in Labor & Employment. Barry Pollack, leader of the firm's Government Investigations & White Collar Defense Group, is ranked as "Up and Coming" in the Litigation: White-Collar Crime & Government Investigations category. Clients commended Mr. Pollack as "a bright, hardworking and innovative lawyer."

John Ryan, co-leader of the firm's Intellectual Property Group and the leader of the Patent Group in ZAG/S&W's Washington, D.C. office, is recognized as a "notable practitioner" in the IP category.

For information about the 2010 rankings, visit Chambers USA.

About ZAG/S&W LLP

ZAG/S&W LLP is the world's only true Israeli-American law firm committed to the success of Israeli and U.S. companies seeking to do business between each other's countries. ZAG/S&W is a law firm partnership—one entity—not a referral relationship, with approximately 220 lawyers in the United States and Israel. Our innovative business model enables us to provide completely integrated, cost-efficient legal services, leveraging our expertise on both sides of the Atlantic to help advance our clients' objectives with maximum efficiency—whether it's obtaining financing, forming a joint venture, entering into a technology licensing agreement, or listing a company on NASDAQ. For further information please see http://www.zag-sw.com.

U.S. Contacts:
Leah Schloss
617.338.2448
lschloss@zag-sw.com

ZAG/S&W LLP Adds New Partner to the New York Corporate Group

ZAG/S&W Press Release, May 7, 2010

New York, NY — May 7, 2010 — ZAG/S&W LLP is pleased to announce that Timothy J. Pfister has joined the firm's New York office as a partner in the Corporate Group.

Mr. Pfister's practice is primarily transactional, and he represents clients in international corporate, financing and securities matters, including mergers and acquisitions, private equity, capital markets and project finance. Mr. Pfister has extensive experience in cross-border transactions involving jurisdictions in the European Union and most of its constituent members, as well as many in the Middle East, the Pacific Rim, Asia, Latin America, Central Europe and Russia.

George Lindsay, managing partner of ZAG/S&W's New York office, says that "Tim brings an impressive depth of international experience and visibility to the firm, which will further enhance our cross-border transactional capabilities. We're very excited to have a lawyer of Tim's talent and capabilities joining our international corporate team."

Prior to joining ZAG/S&W, Mr. Pfister was a partner in the New York office of Patton Boggs LLP. Previously, he served as the corporate and international practice leader of the New York corporate group at one of the largest U.S.-based international law firms. He has been appointed by U.S. Secretaries of Commerce in administrations of both major political parties to the District Export Council and has served as chairman of the subcommittee on Direct Foreign Investment for a regional economic development authority. Mr. Pfister frequently speaks on cross-border investment issues and has written articles for private equity and project publications.

About ZAG/S&W LLP

ZAG/S&W LLP is the world's only true Israeli-American law firm committed to the success of Israeli and U.S. companies seeking to do business between each other's countries. ZAG/S&W is a law firm partnership—one entity—not a referral relationship, with approximately 220 lawyers in the United States and Israel. Our innovative business model enables us to provide completely integrated, cost-efficient legal services, leveraging our expertise on both sides of the Atlantic to help advance our clients' objectives with maximum efficiency—whether it's obtaining financing, forming a joint venture, entering into a technology licensing agreement, or listing a company on NASDAQ. For further information please see http://www.zag-sw.com.

U.S. Contacts:
Leah Schloss
617.338.2448
lschloss@zag-sw.com

ZAG/S&W LLP Announces Acquisition of National Bankruptcy Group

Five Experienced Bankruptcy and Restructuring Attorneys Join Firm
ZAG/S&W Press Release, March 15, 2010

Boston, MA — March 15, 2010 — ZAG/S&W LLP today announced that a five-member team led by Partners Richard Hiersteiner and Jeanne P. Darcey has joined the firm's Bankruptcy, Reorganization & Creditors' Rights Group. These experienced lawyers will continue to serve their domestic and international clients, and help the firm address the increasing demand for services arising in the area of business bankruptcy, defaulted public debt, and out-of-court restructurings.

According to data released in early March by the Administrative Office of the U.S. Courts, business bankruptcy filings in 2009 were up 40 percent from 2008.

"With bankruptcy- and insolvency-related issues still clearly on the rise, this is a strategically important area for the firm," said William J. Curry, ZAG/S&W's co-managing partner. "The extensive national experience that Dick, Jeanne and their colleagues bring to ZAG/S&W adds new depth to, and complements, our firm's ability to provide comprehensive legal counsel to new and existing clients who are facing these difficult situations."

ZAG/S&W's new bankruptcy lawyers include:

Richard Hiersteiner, Partner
Dick Hiersteiner has over 30 years' experience representing secured and unsecured creditors, lessors and lessees, holders of public and private debt and indenture trustees in all aspects of workouts, bankruptcy and reorganization and purchasers and sellers of distressed assets, including purchasers of assets out of bankruptcy. He also advises clients with respect to bankruptcy implications for commercial and financial transactions and structuring and litigation strategies. He was most recently a partner with Edwards Angell Palmer & Dodge LLP's Restructuring & Insolvency Department.

He is also experienced in representing institutional investors in net-lease financing, leveraged leases of equipment, real estate mortgage financing, and secondary mortgage market transactions and financial derivatives. He received his J.D. from Harvard Law School and is a magna cum laude graduate of Williams College.

Jeanne P. Darcey, Partner
Jeanne Darcey has over 25 years' experience representing debtors, secured and unsecured creditors, indenture trustees, and bondholders across the capital structure in workouts, out-of-court restructurings, liquidations, and Chapter 11 proceedings. She frequently advises clients concerning bankruptcy issues in structuring transactions, bankruptcy litigation and other strategies involving defaulted securities.

A former co-chair of Edwards Angell Palmer & Dodge LLP's Restructuring & Insolvency Department, she is a frequent lecturer on bankruptcy issues. In October 2009, she spoke at the National Conference of Bankruptcy Judges on employee issues in bankruptcy. She received her J.D. from Suffolk University Law School and is a magna cum laude graduate of Boston College.

Amy A. Zuccarello, Associate
Amy practices in the areas of business restructuring, workouts and bankruptcy. Her experience includes the representation of creditors, including indenture trustees, lenders and landlords in complex debt restructurings and insolvency matters. Amy has extensive transactional experience in commercial aircraft transactions, including restructurings, aircraft sales and leases, and both public and private asset securitizations. She received her J.D., cum laude, from Boston College Law School and is a summa cum laude graduate of Boston University.

Judy A. Groves, Associate
Judy focuses her practice in the areas of bankruptcy and reorganizations, representing both secured and unsecured lenders as well as Chapter 11 debtors. She is also a qualified English Chartered Accountant and practiced for several years in the United Kingdom, where she lectured extensively on accounting and finance issues. She also served as a law clerk to the Honorable Carol J. Kenner of the U.S. Bankruptcy Court in Boston. Judy received her J.D., cum laude, from Boston College Law School and is a cum laude graduate of the University of Southampton in the United Kingdom.

Charlotte Bodell, Associate
Charlotte advises clients in the areas of bankruptcy, reorganization, workouts and finance. She received her J.D. from Suffolk University Law School and her B.S. from Northeastern University.

About ZAG/S&W LLP

ZAG/S&W LLP is the world's only true Israeli-American law firm committed to the success of Israeli and U.S. companies seeking to do business between each other's countries. ZAG/S&W is a law firm partnership—one entity—not a referral relationship, with approximately 220 lawyers in the United States and Israel. Our innovative business model enables us to provide completely integrated, cost-efficient legal services, leveraging our expertise on both sides of the Atlantic to help advance our clients' objectives with maximum efficiency—whether it's obtaining financing, forming a joint venture, entering into a technology licensing agreement, or listing a company on NASDAQ. For further information please see http://www.zag-sw.com.

Contact:
Leah Schloss
617.338.2448
lschloss@zag-sw.com

Water Technology Forum to Highlight Israeli Conservation, Alternative Energy Solutions

ZAG/S&W Press Release, March 22, 2010

Washington, D.C. — March 22, 2010 — On Tuesday, March 23 at 5:30pm, a tripartite panel of experts will discuss innovative water conservation and alternative energy solutions at The American Association for the Advancement of Science in a forum sponsored by the Embassy of Israel, ZAG/S&W LLP and the U.S.-Israel Science and Technology Foundation.

"Many Israeli clean technology and renewable energy companies are well positioned to capitalize on opportunities in the global market," said Noam Katz, Minister of Public Diplomacy at the Embassy of Israel. "A number of Israeli companies have developed innovative solutions to the ongoing challenges of preserving water resources and developing sources of renewable energy. Some of these technologies offer the prospect of enhanced water conservation and reuse, coupled with economic development, in many areas of the globe."

"Together with our colleagues in the firm's Tel Aviv office, we have had the opportunity to work with a number of Israeli innovators in the clean and renewable energy technology, and water conservation fields," said ZAG/S&W's Jeffrey M. Karp, co-leader of the firm's Climate-Related Business & Technology Group. "We are delighted to participate in this joint outreach with the Embassy of Israel and the U.S.-Israel Science and Technology Foundation."

Panel members include Booky Oren, executive chairman of the Miya Water Company; Ohad Cohen, commercial attaché at the Embassy of Israel; and Virginia State Senator Bob Hull. Oren has served as the corporate vice president for business development at Netafim, the largest micro-irrigation company in the world as well as chairman of Mekorot, Israel's national water company. Cohen has a long history of supporting international economic cooperation efforts of the State of Israel at his postings in the United States, Sweden, Finland and Norway. Senator Hull sponsored the bill creating a Virginia-Israel Partnership Council that advises the Governor on ways to improve economic and cultural links between the Commonwealth and the State of Israel, with a focus on the areas of commerce and trade, arts and education, and general government.

The panel will be moderated by Ann Liebschutz, Executive Director, U.S.-Israel Science and Technology Foundation.

This water technology forum will explore Israeli water conservation and water-based technologies, highlight innovative Israeli companies in the water sector and alternative energy sectors and discuss the ways in which Israeli water technologies are being implemented to solve problems in the United States.

About ZAG/S&W LLP

ZAG/S&W LLP is the world's only true Israeli-American law firm committed to the success of Israeli and U.S. companies seeking to do business between each other's countries. ZAG/S&W is a law firm partnership—one entity—not a referral relationship, with approximately 220 lawyers in the United States and Israel. Our innovative business model enables us to provide completely integrated, cost-efficient legal services, leveraging our expertise on both sides of the Atlantic to help advance our clients' objectives with maximum efficiency—whether it's forming a joint venture, entering into a licensing agreement, or listing a company on NASDAQ. However, ZAG/S&W does more than just provide legal services. We build business bridges for our clients, connecting them with the right players and the right resources to gain a competitive edge. For further information please see http://www.zag-sw.com.

U.S. Contacts:
Leah Schloss
617.338.2448
lschloss@zag-sw.com

Jeff Roberts
917.822.5636
jroberts@sloweymcmanus.com

Israel Contact:
Yair Estline
972-3-7955569
yaire@zag-k.co.il

ZAG/S&W Attorney Earns Certified Information Privacy Professional Credential

ZAG/S&W Press Release, March 10, 2010

Washington, D.C. – March 10, 2010 – Ronald P. Whitworth, an attorney in ZAG/S&W LLP's Privacy & Data Security and Telecommunications Groups in the firm's Washington, D.C. office, is now a Certified Information Privacy Professional (CIPP). Mr. Whitworth received the certification from the International Association of Privacy Professionals (IAPP), the world's largest association of privacy professionals.

CIPP is the preeminent credential in the field of privacy, certifying knowledge of U.S. privacy laws and regulations, and the legal requirements for the responsible transfer of sensitive personal data to and from the United States, the European Union and other jurisdictions. The credential is held by a small percentage of attorneys, as it is primarily sought by Chief Privacy Officers, information technology specialists, information security leaders and other industry professionals, and so distinguishes those attorneys who have passed the rigorous exam.

About ZAG/S&W LLP

ZAG/S&W LLP is the world's only true Israeli-American law firm committed to the success of Israeli and U.S. companies seeking to do business between each other's countries. ZAG/S&W is a law firm partnership—one entity—not a referral relationship, with approximately 220 lawyers in the United States and Israel. Our innovative business model enables us to provide completely integrated, cost-efficient legal services, leveraging our expertise on both sides of the Atlantic to help advance our clients' objectives with maximum efficiency—whether it's obtaining financing, forming a joint venture, entering into a technology licensing agreement, or listing a company on NASDAQ. For further information please see http://www.zag-sw.com.

Contact:
Leah Schloss
617.338.2448
lschloss@zag-sw.com

ZAG/S&W LLP Launches Water Resource Development Group

Group to Address Heightened Importance of Water Conservation and Related Alternative Energy Technologies
ZAG/S&W Press Release, February 4, 2010

Washington, D.C. – February 4, 2010 – ZAG/S&W LLP, the sole Israeli-American law firm, has announced a new practice group devoted to water conservation and related renewable energy technologies. The Water Resource Development Group was unveiled this week in Washington, D.C. at RETECH 2010, the renewable energy technology conference and exhibition.

"The need for this separate practice area became apparent from the heightened importance of water conservation technologies resulting from water-related climate issues worldwide," said ZAG/S&W's Jerome C. Muys, Jr., the leader of the new practice group.

ZAG/S&W's Water Resource Development Group advises clients in matters involving water resource and conservation technologies, water-based alternative energy technologies, and all facets of water infrastructure project development, domestically and internationally. "This new practice group further enhances the range of services that we are providing to our clients via the firm's Climate-Related Business and Technology, and Environmental and Natural Resources Groups," according to Jeffrey M. Karp, the co-head of the firm's Climate Change Group.

The Water Resource Development Group also is led in the firm's Tel Aviv office by Partner Yair Estline, who said "ZAG/S&W, with offices in both the U.S. and Israel, provides a unique platform from which our Israeli clients, with cutting-edge water conservation and related alternative energy technologies, can readily access U.S. funding sources, and opportunities to enter the U.S. market through vendor, joint venture, or technology licensing agreements."

The practice recently has assisted clients in remediating and redeveloping a river watershed at a complex aquatic site; financing a municipality's program to reduce water use, energy consumption and carbon emissions; and representing an acquisition by an Israeli water component manufacturer of a majority interest in a U.S.-based company.

ZAG/S&W LLP was established in 2001 through a unique joint venture of its founding firms, Zysman Aharoni Gayer & Co. (ZAG) and Sullivan & Worcester LLP (S&W). Through the joint venture, ZAG/S&W has engaged with a number of cleantech and renewable energy companies, assisted them in identifying potential investors and licensees for their technologies, and advised them regarding steps that can be taken to enhance their revenue streams and attractiveness to potential investors by adding a carbon emission reduction component to their technologies.

About ZAG/S&W LLP

ZAG/S&W LLP is the world's only true Israeli-American law firm committed to the success of Israeli and U.S. companies seeking to do business between each other's countries. ZAG/S&W is a law firm partnership—one entity—not a referral relationship, with approximately 220 lawyers in the United States and Israel. Our innovative business model enables us to provide completely integrated, cost-efficient legal services, leveraging our expertise on both sides of the Atlantic to help advance our clients' objectives with maximum efficiency—whether it's obtaining financing, forming a joint venture, entering into a technology licensing agreement, or listing a company on NASDAQ. For further information please see http://www.zag-sw.com.

U.S. Contacts:
Leah Schloss
617.338.2448
lschloss@zag-sw.com

Jeff Roberts
917.822.5636
jroberts@sloweymcmanus.com

Israel Contact:
Yair Estline
972-3-7955569
yaire@zag-k.co.il

ZAG/S&W LLP Continues Co-Sponsorship of Israel
Cleantech Symposia

Water Conservation and Renewable Energy Education Initiated with the
Embassy of Israel
ZAG/S&W Press Release, February 3, 2010

Washington, D.C. – February 3, 2010 – ZAG/S&W LLP has announced that, in conjunction with the Embassy of Israel in Washington, D.C., and the U.S.-Israel Science and Technology Foundation (USISTF), it is continuing its unique cleantech, water conservation, and renewable energy symposia and education programs. The first symposium, held in December 2009, focused on Israeli alternative energy technologies and energy efficiency initiatives. The next presentation, on the crucial topic of water conservation and energy, is scheduled for late March.

ZAG/S&W, USISTF and the Embassy of Israel identified a select group of individuals affiliated with U.S environmental and energy public interest groups, industry and the financial services sectors, in order to introduce them to significant Israeli public-private initiatives in the areas of alternative energy, water conservation technologies and energy efficiency.

"Together with our colleagues in the firm's Tel Aviv office, we have had the opportunity to work with a number of Israeli innovators in the clean and renewable energy technology, and water conservation fields," said ZAG/S&W's Jeffrey M. Karp, co-leader of the firm's Climate-Related Business & Technology Group. "We are delighted to participate in this joint outreach with the Embassy of Israel and the U.S.-Israel Science and Technology Foundation."

"Many Israeli clean technology and renewable energy companies are well positioned to capitalize on opportunities in the global market," said Noam Katz, Minister of Public Diplomacy at the Embassy of Israel. "A number of Israeli companies have developed innovative solutions to the ongoing challenges of preserving water resources and developing sources of renewable energy. Some of these technologies offer the prospect of enhanced water conservation and reuse, coupled with economic development, in many areas of the globe."

ZAG/S&W LLP was established in 2001 through a unique joint venture of its founding firms Zysman Aharoni Gayer & Co. (ZAG) and Sullivan & Worcester LLP (S&W). Through the joint venture, ZAG/S&W has engaged with a number of Israeli cleantech and renewable energy companies, assisted them in identifying potential investors and licensees for their technologies, and advised them regarding steps that can be taken to enhance their revenue streams and attractiveness to potential investors by adding a carbon emission reduction component to their technologies. ZAG/S&W's Water Resource Development Group advises clients in matters involving water resource and conservation technologies, water-based alternative energy technologies, and all facets of water infrastructure project development, domestically and internationally.

About ZAG/S&W LLP

ZAG/S&W LLP is the world's only true Israeli-American law firm committed to the success of Israeli and U.S. companies seeking to do business between each other's countries. ZAG/S&W is a law firm partnership — one entity — not a referral relationship, with approximately 220 lawyers in the United States and Israel. Our innovative business model enables us to provide completely integrated, cost-efficient legal services, leveraging our expertise on both sides of the Atlantic to help advance our clients' objectives with maximum efficiency — whether it's forming a joint venture, entering into a licensing agreement, or listing a company on NASDAQ. However, ZAG/S&W does more than just provide legal services. We build business bridges for our clients, connecting them with the right players and the right resources to gain a competitive edge. For further information please see http://www.zag-sw.com.

Contact:
Leah Schloss
617.338.2448
lschloss@zag-sw.com