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Latest Updates /  Capital Markets

April 27, 2025

Israel Securities Authority issues report summarizing its findings regarding offerings of securities without a prospectus

The Israel Securities Authority (ISA) recently published a report summarizing its findings regarding offerings of securities without a prospectus. The report is intended for entities planning to offer securities to the public and presents the ISA’s position regarding the criteria for various exemptions enabling entities to offer securities without a prospectus.

April 24, 2025

The EU’s MiCA regulation increases supervision over the global crypto market

The European Union launched MiCA (Markets in Crypto-Assets) Regulation, which provides a clear and uniform regulatory framework for CASPs and is considered a global model for crypto regulation.

April 24, 2025

New EDPB Draft Guidelines: Personal Data on the Blockchain

Earlier this month, the European Data Protection Board (EDPB) issued draft guidelines on the processing of personal data through blockchain technologies.

April 20, 2025

Israel Securities Authority regulates use of chatbots on financial platforms

The AI revolution in the Israeli capital market: The Israel Securities Authority allows financial institutions to use chatbots on their financial analyses platforms, but imposes clear rules and important restrictions on their use.

April 11, 2025

Is Trump Manipulating the Markets? Dr. Zvi Gabbay Speaks to N12

Shortly before former President Donald Trump announced a 90-day freeze on tariffs affecting most of the U.S.’s trade partners—sending global markets soaring—he published a series of controversial posts referencing the ticker of a company he owns. These posts raised serious legal questions regarding potential market manipulation, conflicts of interest, and regulatory exposure. Dr. Zvi Gabbay shared his legal insights in an interview with N12.  

April 10, 2025

Market Volatility and Its Ripple Effect on Israeli Real Estate

policies — Israel’s financial landscape has faced significant shocks. With capital markets experiencing notable declines, the question arises: what does this mean for real estate? Adv. Alon Wolner, a partner in our Real Estate Department at Barnea Jaffa Lande, spoke to TheMarker about how the current capital market volatility is influencing real estate investment trends in Israel and the key challenges developers are now facing.

March 27, 2025

Yozmot - Real Estate Development: Successful bond issuance completed!

Yozmot - Real Estate Development, an entrepreneurial contracting company specializing in urban renewal, has successfully completed its inaugural bond issuance and is now listed on the Tel Aviv Stock Exchange, raising approximately NIS 50 million. The offering was supported by Advs. Elad Reshtick and Noam Bukchin from our firm's Capital Markets Department.

March 12, 2025

Isracard purchased 30% of Bizi For Tens of Millions of Shekels

IsraCard has acquired one-third of the shares in the fintech company BIZI, which provides loans to small businesses through a digital platform, at a valuation of 90 million NIS (pre-money). Advs. Ilan Blumenfeld, Daniel Kleinman, and Shahaf Arbely from our firm advised BIZI in this transaction. 

March 1, 2025

Fintech-Tel Aviv 2025 Annual Summit: Dr. Zvi Gabbay join an expert panel

Adv. Dr. Zvi Gabbay, Head of our Regulation Department, has been invited to join an expert panel on "Best Practices for Fintech Implementation and Operations" at the Fintech-Tel Aviv 2025 Annual Summit! Startups, investors, and companies are invited to this unique fintech event. 

February 20, 2025

Another success: The 'Mediterranean Towers Ltd' Group completed the issuance of a new series of bonds

Adv. Omri Oren, Partner in the Finance and Public Corporations Department at our firm, along with Advs. Raz Landau and Batel Torangi, advised "Mediterranean Towers Ltd" Group in the issuance of a new series of bonds amounting to approximately NIS 200 million. The company received strong demand during the institutional offering phase, with demand reaching approximately NIS 684 million. 

February 10, 2025

Court Ruling on SEC’s Crypto Regulation Approach: A Turning Point?

For years, the crypto industry has faced regulatory uncertainty, with the Securities and Exchange Commission (SEC) relying on “regulation by enforcement” rather than establishing specific rules for digital assets. Coinbase, one of the world’s largest crypto platforms, sought regulatory clarity—but found itself facing resistance from the SEC.

February 5, 2025

Bonds First, Stocks Later - Interview with Hagit Ross

Since the beginning of 2024, out of eight companies that conducted an initial public offering (IPO) on the Tel Aviv Stock Exchange, six had previously raised debt through bonds. Hagit Ross, a partner and head of the public companies practice at the firm, was interviewed by TheMarker on this matter.

January 20, 2025

Rights of ADS Holders in Israeli Companies Traded on Nasdaq

As part of proceedings brought by activist shareholders of Nano Dimension, the District Court ruled that ADS (American Depository Share) holders should be treated as shareholders of the company. The significance of this ruling in Israel: boards of directors will be precluded from relying on ADSs to try and block activist shareholders’ campaigns.

January 16, 2025

Ten Q&A About Investment Management and Consulting Without a License

Recently, several cases of unlicensed investment management and consulting have made headlines. These include an instance where an administrative fine of NIS 130,000 was imposed for unlicensed investment management, and another case that led to an indictment. Such cases highlight the importance of understanding the legal rules and requirements in this field.

January 12, 2025

Major Increase in Real Estate Transactions in 2024

Elad Reshtick was interviewed in Globes, following a surge in acquisitions in the urban renewal sector. As a capital markets expert, Elad discussed whether this trend could influence the IPO market.

January 8, 2025

It’s not every day that three judges overturn a ruling and set an important economic precedent

The Economic Court's decision to revoke the approval of a derivative lawsuit filed against the controlling shareholder of Equital has sparked controversy among corporate law experts. As a capital market expert, Micky Barnea was interviewed by Globes on the matter and stated, among other things, that directors on the audit committee examining transactions should be allowed to consult with the controlling shareholder without it being considered as subordinating themselves to his will.

January 8, 2025

Approving a remuneration policy and paying remuneration to senior officers while overruling the general meeting’s opposition

Last month, the State Attorney-General and the Israel Securities Authority published their positions with regard to the overruling mechanism. The context relates to the requirement for public companies and private companies with publicly traded debentures to adopt and comply with a remuneration policy governing the terms of office and employment of their officers.

December 19, 2024

Defense IPOs in the Capital Market: An Op-Ed in N12

In the Israeli capital market, which is accustomed to trends like urban renewal and cannabis, a new sector has emerged over the past year: defense companies. Since October 7, the market has experienced volatility but is now stabilizing, revealing new opportunities. Today, 15 active defense companies are traded on the Tel Aviv Stock Exchange, and this growth is no coincidence. Elad Reshtick and Raz Landau, capital market experts, published an op-ed in N12, exploring this emerging trend, its challenges, and its opportunities.

December 8, 2024

A Wave of Real Estate Companies IPOs?

Elad Rashtik, Partner in our Finance and Public Companies Department, was interviewed by Globes following the forecast that we are on the brink of a new wave of IPOs by real estate companies, initially focusing primarily on bond offerings.

November 25, 2024

New memorandum of law regulating the crypto sector in Israel

The Israel Tax Authority and the Ministry of Finance have published a memorandum of law to regulate the digital asset sector in Israel.