Cipia Vision Ltd. has convened a shareholders’ meeting to approve a merger with Tomer Import and Marketing of Food Products (1983) Ltd., expected to take place in early May. Upon completion, Cipia will acquire 100% of Tomer’s shares through a share exchange, with Tomer’s controlling shareholder expected to hold approximately 70.99% of the merged company. Tomer has also reported growth in revenues and profitability. We are representing Tomer throughout the transaction and until its completion.

Tomer Goes Public Through Strategic Merger Transaction

Tomer Import Marketing completed a merger transaction with Cipia, a TASE-listed public shell company, thereby becoming a publicly traded company on the Tel Aviv Stock Exchange. The transaction is intended to support the company’s accelerated growth, expand its operations, and strengthen its position in the food sector. We provided comprehensive legal counsel throughout the merger process.

Draft Bill on Application of Israeli Law to Foreign Dealers and International Companies

The Ministry of Justice recently published a draft bill for public comments, aimed at regulating the application of Israeli law to foreign dealers who target customers in Israel. The draft bill seeks to codify trends established by Supreme Court rulings in recent years into primary legislation and to set clear rules under which mandatory Israeli legal provisions will also apply to corporations headquartered outside of Israel, when their activities actually target the Israeli market.

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