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March 21, 2021
Webinar: Supervision and Control Procedures – How to Do It Right
As part of the ACC Compliance Forum we lead, we will host a webinar tomorrow on the supervision and control procedures within organizations. Dr. Zvi Gabbay will discuss the theoretical aspects and challenges in the field, followed by an expert panel.
March 21, 2021
Webinar: 10 Years of Administrative Enforcement in Israel
The Rina and Meir Heth Center for the Study of Competition and Regulation at the College of Management is holding a webinar with former judges and legal experts entitled “10 Years of Administrative Enforcement in Israel.” Dr. Zvi Gabbay was invited to participate in the lawyers’ panel of experts, which will examine the impact of administrative enforcement tools on violations of the law in Israel.
March 16, 2021
Technology IPOs – A Meeting of Cultures at the Tel Aviv Stock Exchange
Israeli tech companies have recently joined the wave of initial public offerings on the Tel Aviv Stock Exchange. This is not the first time tech companies have gone public on the TASE and it will take some time to see if this is a real trend or a temporary phenomenon motivated by the tide of capital markets activity in the coronavirus era.
March 12, 2021
High-Tech Companies’ IPOs – Meeting of Cultures on the Tel Aviv Stock Exchange
The corporate regime of public companies in Israel has developed around public protection against the controlling shareholder. These protections are not relevant to most high-tech companies, whose holdings are decentralized. Globes has published an article by Micky Barnea on this subject.
March 9, 2021
Precedent-Setting Ruling Awards Actual Litigation Costs
An Israeli court recently handed down a precedent-setting ruling in a case we litigated and won. This ruling marks a game changer in terms of the costs awarded in proceedings in Israel. In its ruling, the court granted our client an award of actual costs (i.e., the actual sums the client expended to litigate the proceeding).
March 2, 2021
Can an Employee Refuse to Return from Unpaid Leave?
What does it mean for an employee to refuse to return from unpaid leave? Can an employee claim this constitutes a worsening of employment conditions? Is an employer allowed to return only some of its employees? What happens to employees who are unable to return? Check out this guide on returning from unpaid leave by Netta Bromberg, the head of our Employment Department.
March 2, 2021
Proper Articles of Association – Now More Than Ever
The coronavirus crisis, which hit both the Israeli market and markets globally, has been unsettling. It undermined existing collaborations and encouraged the creation of new ones. It weakened the inertia that drove many businesses and employees, and forced numerous entities to reinvent themselves, to initiate and to dare.
February 28, 2021
Precedent-Setting Ruling on Court Expenses
In a precedent-setting ruling, a family court ordered the losing side in a family dispute to pay the winning side attorney's fees and court expenses in the extraordinary and unprecedented amount of NIS 2 million. This ruling indicates a sweeping change in the Israeli legal world, following new regulations that came into effect in January 2021.
February 23, 2021
Dun’s 100: Top 25 Law Firms’ Senior Partners Forum
Dun's 100 released yesterday its rankings of leading Israeli law firms. In a Calcalist article covering the launch event, former justice minister Avi Nissenkorn was interviewed. The article also featured an interview with Micky Barnea. "We are in the midst of a year of attrition, a feeling shared by law firms, individual Israelis, and the political system. We have become accustomed to the reality of a continuous attack on, and thus erosion and damage to, the justice system."
February 21, 2021
SPAC: A Dream Worth Half a Billion Shekels
In recent months, the IPO market has reached a boil. It seems anyone with any kind of business is dreaming about joining the Israeli stock market. Lets look at the figures. From 2008 (the outbreak of the subprime crisis) through 2019, 76 new companies entered the Israeli stock market through an IPO process (an average of approximately 6.33 companies per year). In 2020 alone, 27 new companies entered the Israeli stock market, and in January 2021, seven new companies entered the Israeli stock market*.
February 18, 2021
Israel: Workplace Sexual Harassment – Disclosure of Materials in Internal Investigations
A new court ruling may require employers to disclose materials collected during investigations into incidents of sexual harassment.
February 18, 2021
Mediation Agreement between Actors' Organization and Eshkolot Reaches Court
Israeli Attorney General Avichai Mandelblit has submitted his opinion regarding the mediation agreement signed by the actors' organization Shaham and a number of performing artists with Eshkolot.
An article published in TheMarker describes the management changes being undertaken by Eshkolot as a result of the legal proceedings against it.
Adv. Eyal Nachshon, who represents Shaham and the artists, noted in the article that Shaham and a number of artists have been leading this legal proceedings for some time, demanding both significant changes to Eshkolot's management and increased transparency. One of the most substantial achievements in the process so far, thanks to the mediation arrangement, is that for the first time members from the younger generation of performing artists in Israel are being included in Eshkolot's management.
February 18, 2021
Employers: Everything You Need to Know about Vaccinations
This past year has been nothing short of a rollercoaster ride for employers in Israel, in terms of both their business activities and their role as employers. Now, when we can perhaps see a glimmer of light at the end of the tunnel in the form of Israel’s vaccination campaign, quite a few questions arise.
February 11, 2021
Temporary Procedure for Insolvency Procedures in Israel in Light of COVID-19
The coronavirus pandemic has wreaked extensive economic havoc on the activities of many businesses and households in Israel. According to data from the Commissioner of Insolvency Proceedings, 2020 brought a rise of about 41% in the number of applications to commence insolvency proceedings compared to 2019.
February 3, 2021
Submission of Joint Offers in Tenders
When competing entities join forces to submit a tender offer, it reduces the overall number of entities competing for a tender. Reducing the number of competing entities may increase the market power of those participating entities against the tender holder and enable them to make less attractive offers.
February 2, 2021
The Effect of China-US Relations on Israeli Companies
Israeli companies that view the US as a relevant market for selling products, receiving investments, or a future sale or merger transaction should be aware of the Committee on Foreign Investment in the United States.
February 1, 2021
Class Action Lawsuits: What Are They?
What are class actions and what is their purpose? In what circumstances may a class action be filed? What are the important points to consider when filing a class action? Eyal Nachshon, a partner in our firm’s Litigation Department, answers all these questions and more on a new Calcalist podcast.
January 28, 2021
Can You Really Find a Sample Founders' Agreement on the Web?
Sample founders agreements are available online for download by anyone. Though there are numerous accessible founders agreements, a document downloaded from the web is not one you should rely on when establishing your new venture.
January 26, 2021
Economic Court Restores Certainty to Profit Test for Dividend Distributions
The Tel Aviv District Court (Economic Department) has restored certainty to directors in relation to the profit test for dividend distributions. The court ruled that the profit test is a retroactive technical test, unless the directors are aware of a major event that could materially change the company’s accounting position.
January 25, 2021
Israel Securities Authority: Tokens May Be Classified as Securities
The Israel Securities Authority recently established guidelines on when a cryptographic currency (token) is considered a security. The ISA determined that Kirobo tokens meet the definition of a security. This is primarily because the The Israel Securities believes investors would intend to purchase the tokens for financial purposes. In addition, these investors would anticipate their holdings to go up in value.