Latest Updates

March 29, 2020

Article: Bond Market Rescue – Debt and Interest Restructuring

The coronavirus crisis is affecting both stock prices and corporate bond prices and yields in the capital market. Zohar Lande, in an article for Bizportal, explains that the Israel Securities Authority must create a “fast-track mechanism” that allows companies to choose to be included in a debt restructuring arrangement subject to the different criteria.

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March 25, 2020

Cayman Islands Blacklisted by EU as a “Non-Cooperative Tax Jurisdiction”

The EU announced recently, following a meeting of its Economic and Financial Affairs Council (ECOFIN), that the Cayman Islands has been moved to Annex 1 of the list of “non-cooperative jurisdictions” for tax purposes.

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March 19, 2020

Coronavirus: Is a Huge Wave of Debt Arrangement on the Way?

Micky Barnea was interviewed by Globes on the coronavirus’ effect on both the corporate and government bond markets.

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March 17, 2020

The ISA Eases Obligations for Reporting Companies

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.

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March 4, 2020

Hedged Mutual Funds

As part of the ISA's move to make investing in hedge funds more accessible to the public and to develop mechanisms for their oversight, it published a document for public comment that details the core characteristics of two new financial products - an alternative mutual fund of the hedge fund type and hedged mutual fund of funds.

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February 23, 2020

Chambers TMT Guide 2020: Law in Practice

As experts in the TMT field, our firm was asked to contribute the Israeli law and practice overview for the Chambers Israel TMT guide. In their overview, Micky Barnea, Daniel Lorber, and Anat Even-Chen discuss legal considerations for big data, machine learning, and artificial intelligence. They also address key data protection principles, the challenges with IT service agreements, privacy matters, and more. As a whole, the TMT guide offers insights for each jurisdiction.

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February 12, 2020

Meetup of Israeli Blockchain Community

We participated today in a panel entitled "Regulations and Securities, Where Are We?" The panel was part of an event focused on 2020 predictions for the blockchain industry in Israel. Dozens of entrepreneurs and leading players from the local blockchain community attended.

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February 5, 2020

Article: Cases Against Netanyahu Will Have Precedential Effect on Corporate Governance in Israel

An op-ed in TheMarker addresses how the Israel State Attorney's guideline on indicting and sanctioning corporations will guide the decision on the prosecution of Bezeq, Walla, and Yedioth Ahronoth.

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February 3, 2020

Israel Securities Authority Moving to Reduce Insurance Costs for License Holders

In an attempt to reduce insurance costs for License Holders, the Israel Securities Authority (ISA) has recently implemented several changes.

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February 2, 2020

Israel Securities Authority Promotes the Assimilation of Technological Innovation into the Israeli Capital Market

The ISA's commission for examining the regulation necessary for the advancement of digital markets published a report that focuses on platforms for the issuing, trading, and clearing of securities that make use of blockchain technology.

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January 29, 2020

Do You Hold Digital Currencies? Learn about Tax Regulation in Israel

Over 2000 (yes, 2000!) types of digital currencies exist today. If you are developing, mining, investing in, or using digital currencies, you should watch our video for some clarifications on the topic.

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January 23, 2020

Lecture at Directors' Seminar Hosted by Analyst Investment House

We were invited to lecture at a directors' seminar hosted by Analyst Investment House, where we addressed administrative enforcement, the Israel Securities Authority's structure, and its enforcement system.

January 23, 2020

Lecture at Discount Bank's Compliance Conference

We were invited to lecture at a compliance conference organized by Discount Bank for all its compliance officers, trustees, board members, and management.

January 16, 2020

Investment Management 2.0 – Internet Platform for Investment Management

New Israeli regulations allow for customized portfolio management services through on-line platforms.

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January 13, 2020

Hosting the ACC Compliance Forum's Third Meeting

Our firm hosted the third meeting of the ACC Compliance Forum, which focuses on compliance during enforcement procedures. At the meeting, we welcomed Yehuda Shaffer, Deputy State Attorney (Financial Crimes).

December 25, 2019

Micky Barnea Op-Ed: TASE IPO – The Light at the End of the Tunnel?

Globes published an op-ed by Micky Barnea on the Tel Aviv Stock Exchange's latest move to attract new investors with a public offering of its shares. According to Micky, "This listing could be a turning point in anticipation of a long-awaited change, bringing a revival of the stock exchange and the domestic capital market."

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December 22, 2019

Lee Elbaz Trial Ends with Sentencing

Our firm served along with US attorneys as representation for Lee Elbaz, the CEO of Yukom Communications, in her criminal trial in the United States. Lee was convicted of binary options fraud in August and sentenced last week. Adv. Hadar Israeli, who represented Elbaz from her arrest, were interviewed by the media following the sentencing in a Maryland federal court. According to Hadar, "The degree of harshness in US prosecutorial policies and in sentences for economic offenses is infinitely higher than in Israel."

Article from Globes

Article from Calcalist

Article from Ynet

Article from The Marker

December 17, 2019

Israel Singapore Fintech Convention

Our firm hosted today a meetup for the Israeli fintech community in collaboration with Fintech Fever and the Singapore Fintech Association. We lectured on current regulation, as well as challenges and opportunities in the field.

Link to Zvi Gabbay's Lecture

December 16, 2019

IPO – What’s Important to Know

A private company considering an IPO should know it is a complex and long process, and one that may pose many challenges. Therefore, before deciding to undertake an initial public offering, a deep examination of the process is recommended.

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December 11, 2019

Meetup for Real Estate Entrepreneurs on Crowdfunding

Our firm hosted together with the crowdfunding platform Pipelbiz a meetup for real estate entrepreneurs. We lectured on raising capital for real estate projects through crowdfunding platforms, as well as real estate financing options, preconditions to raising money through a crowdfunding intermediary, and borrowing and investment disabilities.

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