International companies and individuals seeking to expand into a new area of business or expand their international business into Israel must understand the relevant legal landscape and how it may shape their operations. In this article, we will focus on international companies in the fintech sector considering offering services in Israel or to Israeli clients.
Inappropriate memes, sexual innuendo, degrading jokes, intimate details—these all create what is known as environmental sexual harassment. While Israeli law does not precisely define this offense, it treats it similarly to other forms of sexual harassment.
The desire for clear contracts and the desire to avoid litigation is obvious. The desire to save taxpayers’ money is also obvious. But it appears that, at the moment, the infrastructure sector is facing not a budgetary crisis but rather a legal one. The solution is simple. Both sides should work together to achieve the project’s successful completion.
The prospectus has four key objectives: to give investors information so that they make rational investment decisions; to deter the company and its executives from inappropriate behavior; to encourage public trust in the capital market; and to increase efficiency in the securities market.
Many believe the law prohibits an Israeli NPO (Amutah) from operating business activity in order to maximize profits for itself. One of the reasons for this is the language of section 1 of the Amutot Law. A more precise reading of the section shows it does not expressly prohibit such activity, but stresses it’s conditions.
In 2020, these offering coordinators raised a total of ILS 60 million, in more than 35 campaigns by various private companies. Compared to 2019, when about ILS 45 million was raised through offering coordinators, this is an increase of about 33%. There is an expectation the data for 2021 will show a further increase.