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Corporate Governance in Israeli Cooperative Societies

March 27, 2023 / by Ilan Blumenfeld

The segregation of duties between corporate organs (in private and public entities) derives from the principle of separation of powers. Although the laws governing cooperative societies in Israel do not address the tension between the organs in a cooperative society, the principles created and developed in corporate law may be applied to cooperative society law by way of inference.

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Categories: Corporate | Kibbutz Sector

Israel: Court-Ordered Insolvency Proceedings Are a One-Way Street

March 22, 2023 / by Idan Miller

When a company in Israel is struggling with material financial difficulties and piles up debts, it has three main coping mechanisms at its disposal. It is important to understand that filing an application for a court order to open insolvency proceedings is a one-way street. Therefore, you must be thoroughly aware of its implications.

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Categories: Litigation

Critical Considerations before Drawing up a Founders’ Agreement

March 12, 2023 / by Dana Ben-Yehuda

A founders’ agreement is signed at the initial stages of forming a venture with an uncertain future. This is precisely the time to decide how matters will proceed if the venture is an enormous success, a failure, or anything in between.

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Categories: Corporate | High Tech | Start- Ups

Doing Business in Israel: Being an Employer

February 26, 2023 / by Barnea

Employment law in Israel is dynamic and relies not only on the letter of the law, but also on rapidly changing case law. At the same time, Israeli employment law is highly regulated, and there are a wide variety of rules and standards that obligate the parties to an employment relationship.

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Categories: Corporate | Employment

Advantage to Israeli Banks When Self-Exercising a Deposited Pledge

February 21, 2023 / by David (Dudi) Cohen , Idan Miller

Collateral in the form of a deposited pledge is an easy and inexpensive way to secure credit. However, Israeli law does not allow foreign banks to benefit from an efficient and effective mechanism enabling debt recovery by way of the self-exercise of collateral. There is no real justification for this and it harms competition in the credit market.

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Categories: Banking & Finance | Capital Markets | Corporate

Doing Business in Israel: Jurisdiction and Arbitration Stipulations

February 5, 2023 / by Gal Livshits

Jurisdiction and arbitration stipulations in contracts have a decisive impact on the forum that will adjudicate a lawsuit. The legal system in Israel tends to honor contract stipulations regarding foreign jurisdiction if they are unique and explicit.

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Categories: Corporate | Litigation

Doing Business in Israel through Agents and Distributors

January 24, 2023 / by Michael Barnea

According to the law, the relationship with the local agent is classified as either an agency agreement or a distribution agreement, depending upon the substantive nature of the arrangements between the parties and not the title the parties gave to the agreement.

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Categories: Corporate

Contractor’s Insolvency during a Real Estate Project – How to Minimize Damages?

January 23, 2023 / by Idan Miller

When a performance contractor in a real estate project becomes insolvent, the developer must make decisions and take a series of measures. It’s important to understand the legal implications of such measures and in what instances they could expose the developer to the filing of legal actions by the insolvency trustee appointed to the contractor.

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Categories: Litigation | Real Estate

2022: Trends in Israeli and International Privacy Regulations

January 18, 2023 / by Avishay Klein , Ben Norman

2022 saw significant regulatory developments in the field of privacy protection in Israel and throughout the world. These developments directly affect companies whose business activities in Israel and internationally involve the collection and processing of personal information.

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Categories: Internet | Regulation

2022: A Turbulent Year for the Cryptocurrency Sector

January 8, 2023 / by Andrey Yanai

On the one hand, the cryptocurrency industry is still in the throes of the crisis caused by a series of bankruptcies and one of the biggest scandals in the world of finance. On the other hand, transparent and decentralized alternatives to the centralized financial sector demonstrate why they are so important, as well as their ability to function effectively even in times of crisis.

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Categories: Blockchain | Capital Markets

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