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Client updates /
Corporate
The Tesla Might Be Electric, but Is It Eco-Friendly?
March 6, 2022 /
Sagi Gross
,
Izabel Pashayev
Elon Musk declared he would build a Tesla manufacturing factory in Germany in as early as 2019. The factory only obtained a license to operate now. The German regulator, environmental protection organizations, and Russian President Vladimir Putin all played a part.
See full article >
Categories:
Corporate
|
Environmental Law
|
Regulation
Indictments Filed in Israel over Officers’ Responsibility for Ecological Disaster
November 22, 2021 /
Sagi Gross
,
Izabel Pashayev
About seven years ago, one of the worst ecological disasters in Israel’s history occurred. During work to divert an oil pipeline, one of the old pipelines belonging to the government company Eilat Ashkelon Pipeline Co. Ltd. (EAPC) ruptured near the Evrona Nature Reserve. As a result, about five million liters of crude oil poured from the pipeline into the nature reserve located in the Arava Valley.
See full article >
Categories:
Corporate
|
Environmental Law
Dual-Listed Companies – Israeli Legal Liability for Reporting
June 22, 2021 /
Andrey Yanai
The Tel Aviv District Court recently handed down a ruling in the Ceragon Networks case. The ruling states that dual-listed companies may face exposure to lawsuits based on the liability rules under Israeli law.
See full article >
Categories:
Capital Markets
|
Corporate
Privacy Evolution: Europe v. Israel
July 29, 2020 /
Karin Kashi
,
Anat Even-Chen
A July decision by the Court of Justice of the European Union has established that in light of the fact the United States does not respect the privacy of its citizens in accordance with EU standards, the Privacy Shield mechanism allowing for personal data transfers between Europe and the US can no longer be relied upon. At the same time, in Israel, the Ministry of Justice has published a memorandum that constitutes the first step in adjusting existing law to the digital age.
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Categories:
Corporate
|
Privacy Law
|
Regulation
Does Covid-19 Void Contracts?
July 14, 2020 /
Anat Even-Chen
,
Barnea
The inter-ministerial team assembled to examine the consequences of the Covid-19 crisis on contractual agreements has recently published its recommendations.
See full article >
Categories:
Corporate
|
M&A Transactions
|
Regulation
Down Round Fundraising – Not At Any Valuation
June 28, 2020 /
Ido Freund
A recent decision by the Economic Division of the Tel-Aviv District Court has emphasized the requirement for officers and decision makers in a company, to undertake a stricter review standard when making decisions, especially in conflict of interest situations. Accordingly companies must now increase the scrutiny on the decision making of directors in private companies, an important decision in light of the current economic climate.
See full article >
Categories:
Corporate
|
Corporate Finance
|
High Tech
|
Start Ups
Legal Options for Israeli Companies Operating in the U.S.
May 13, 2020 /
Cathy Bardenstein
How Israeli companies operating in the U.S. can use COVID-19 as a force majeure and the restructuring of debt in chapter 11 bankruptcy ?
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Categories:
Banking & Finance
|
Corporate
|
Insolvency
ISA and TASE Publish Reliefs for Public Companies and Reporting Corporations
April 7, 2020 /
Hagit Ross
In light of the global coronavirus crisis, the Israel Securities Authority (ISA) has published several steps toward easing the burden on public companies and reporting corporations whose securities are traded on the Tel Aviv Stock Exchange.
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Categories:
Capital Markets
|
Corporate
Israel: Extending Validity of Regulatory Approvals in Light of the Coronavirus Crisis
April 2, 2020 /
Anat Even-Chen
,
Barnea
On March 25, 2020, emergency regulations were adopted in Israel that include, among other things, an extension of the validity of regulatory approvals that expire in the near future.
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Categories:
Corporate
|
Regulation
Coronavirus in Israel – Getting Your Business Seen as an Essential Service
March 29, 2020 /
Anat Even-Chen
Special coronavirus-related emergency regulations were promulgated in Israel on March 21, 2020, listing specific economic activities considered as essential that are allowed to operate with fewer limitations.
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Categories:
Corporate
|
Regulation
Protecting Privacy despite the Coronavirus
March 26, 2020 /
Anat Even-Chen
The global effort to fight the spread of coronavirus has prompted new privacy related questions around the world. Much has been written for and against the use of privacy-compromising measures to protect public health. Therefore, we have chosen to concentrate on the practical implications of privacy principles on companies and businesses.
See full article >
Categories:
Corporate
|
Internet
|
Privacy Law
|
Regulation
Israel: Imposing Unpaid Leave on Employees Due to the Spread of Coronavirus - Updated
March 18, 2020 /
Netta Bromberg
As a result of the economic downturn and in order to reduce expenses, one of the alternatives is imposing unpaid leave on employees.
See full article >
Categories:
Corporate
|
Employment
The ISA Eases Obligations for Reporting Companies
March 17, 2020 /
Alon Anava
The Israel Securities Authority revised its previous position and announced that in light of the exceptional circumstances, reporting corporations may submit their 2019 periodic reports until April 30, 2020.
See full article >
Categories:
Capital Markets
|
Corporate
Israel’s Privacy Protections and Data Security Recommendations for Telecommuting due to Coronavirus Spread
March 15, 2020 /
Anat Even-Chen
,
Barnea
The Israeli National Cyber Security Authority published recommendations for business and organizations related to privacy protections and data security for telecommuting due to coronavirus spread.
See full article >
Categories:
Corporate
|
Privacy Law
Israel: Imposing Unpaid Leave on Employees Due to the Spread of Coronavirus
March 12, 2020 /
Netta Bromberg
Because of the coronavirus, many employers have been forced to consider minimizing expenses. In Israel several alternatives are being explored: reducing the scope of employment, lowering salaries, utilizing any available leave days, imposing unpaid leave on employees, reducing manpower, and conducting layoffs.
See full article >
Categories:
Corporate
|
Employment
EU Taking Steps to Ensure Wide Protections for Whistleblowers
February 3, 2020 /
Zvi Gabbay
,
Barnea
In October 2019, the Council of the European Union adopted new rules to protect whistleblowers through a new directive.
See full article >
Categories:
Capital Markets
|
Corporate
The Companies Registrar Rears Its Head – Financial Sanctions for Failing to File Reports
December 2, 2019 /
Ido Freund
The Companies Registrar has recently increased its enforcement efforts when companies failed to submit annual reports, imposing fines amounting to a few thousand shekels on companies that do not comply with the requirements.
See full article >
Categories:
Corporate
Israel State Attorney’s Policy on Indicting and Sanctioning Corporations
November 7, 2019 /
Barnea
In October 2019, the Israel State Attorney published a new guideline on its office’s policy when considering the prosecution of a corporation, as well as on how it should determine its position on the manner of punishing corporations.
See full article >
Categories:
Compliance
|
Corporate
|
Enforcement
Ministry of Justice and Israel Securities Authority Wish to Adjust the Israeli Corporate Regime to Companies without a Controlling Shareholder
September 25, 2019 /
Ron Shuhatovich
The Israel Securities Authority (ISA) and the Ministry of Justice published a call to the public to adjust the corporate regime, as part of addressing problems that may arise as a result of the transition of public companies to a decentralized ownership structure.
See full article >
Categories:
Capital Markets
|
Corporate
Entities with Relatively Small Market Shares May Also Be Deemed Monopolies
August 8, 2019 /
Anat Even-Chen
,
Ilan Blumenfeld
Six months after the amendment to the Economic Competition Law took effect, the Competition Authority published its position regarding the circumstances in which even an entity with less than a 50% market share may be deemed a "monopoly holder."
See full article >
Categories:
Competition Law and Antitrust
|
Corporate
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