Business career
In 1974, five American businessmen established a professional European basketball team with American players which they named Israel Sabres. Raveh was appointed investor representative and president of the Israeli team, which was owned by Livingstone Kosberg. The team played for one year and won the championship.[11] Raveh's first major client was Canadian Pacific Hotels. The president of the company, Donald Curtis, invited Raveh to Toronto to offer a professional opinion on the risk of investing in Israel due to the threat of Arab boycott.[12] Canadian Pacific became one of Canada's largest companies with a turnover of $15 billion. In Israel, the company managed the Jerusalem Plaza Hotel and the Tiberias Plaza. Raveh represented the company throughout its 12 years in Israel. Raveh also represented David Tayag, one of the owners of the Hilton Hotel, who built the Intercontinental Hotel in Tel Aviv, the Hyatt Dead Sea and the Grand Court Hotel in Jerusalem.[13]
Raveh represented David Lewis, owner of the Isrotel chain,[14] from 1980 until his death in 2011, and handled Isrotel's IPO.[15] The Lewis family has invested over 2 shekels billion in Israel, and owns and operates 20 hotels in Eilat, the Dead Sea, Mitzpe Ramon, Tel Aviv, Jerusalem and northern Israel.[16] Raveh also represented the Tamares hotel chain owned by billionaire Poju Zabludowicz.
In 1985, Raveh was hired to represent the Reichman brothers, who financed the construction of Safra Square, the Jerusalem municipality complex.[17] This was Raveh's first public-private partnership (PPP).[18] In addition, he represented the Ladbroke company owned by Cyril Stein, which built the Mamilla Mall in Jerusalem[19] and later Alfred Akirov, who continued the project. Raveh also represented the company established by Stein in 1992 to build factories that would provide employment to immigrants in Israel.[20]
In 1991, Raveh represented Jack Tramiel, owner of Atari, who planned to open a $50 million factory in Israel.[20] Other high-profile clients include George Soros and Michael Steinhardt. Together with his wife Tami, Raveh was one of the founders of Ye'arot Hacarmel, a health resort in Mount Carmel National Park.[21] He represented the Hebrew University in a $45 million project for the construction of student dormitories on Mount Scopus, and PotashCorp, the world's largest potash concern. In 1998, PotashCorp purchased 9% of Israel Chemicals from the Israel Corporation, Israel's largest holding company.[22] From the late 1990s to 2011, Raveh represented Azorim, which acquired Sheraton Hotels, and Isras Investment Company, which developed the property adjoining the Jerusalem YMCA formerly used as a soccer field.[23]
Raveh was involved in the construction of the hotel complex near the Mandelbaum Gate, the Harel Mall in Mevasseret Zion, the media center in the historic building of Shaare Zedek Medical Center and projects in the Haredi sector such as Givat Canada and Kiryat Sefer. He has handled rezoning permits for agricultural land on moshavim and kibbutzim and represented the Israel Nature and Parks Authority. Raveh represents Mabat LaNegev, which is building IDF training bases in the Negev; clients involved in major class action suits around the world; and real estate developers in transactions such as the purchase of the Azorim real estate firm from IDB, controlled by Nochi Dankner.[24] He represented the MTS Group headed by Lev Leviev, which competed in the tender for the Tel Aviv light rail (which it won in 2007, but which was later canceled by the Israeli government), the Dutch concern Unilever, the perfume sales of Elizabeth Arden and Faberge, the French mobile phone company France Telecom, Samsung of Korea and Hitachi of Japan.
In his book, Morton Mandel describes Raveh as his "principal Israeli legal advisor."[25] Raveh's firm also specializes in insolvency cases.[26]
