Insights & News

The firm participated in the Israeli compliance community’s annual conference for 2023, joining a panel discussion with Hani Amar, a partner at BDO in the corporate governance and regulation division, and Adv. Ariel Sagi, a compliance officer and board member at Rafael.

Prof. Amichai Cohen, our firm’s special counsel on international law, discussed the complicated relationship between Israel, China, and the United States as pertains to law, finance, and business.

Adv. Gal Rozent and Adv. Netta Bromberg lectured at a conference we hosted for the CEOs of Israel’s leading cleaning companies, which are members of Israel’s cleaners’ union.

As part of a webinar held by the Israeli Association of Publicly Traded Companies, Adv. Eyal Nachshon lectured on the accessibility of company reports in the Magna and Maya systems and the exposure of public companies to public lawsuits in connection with the violation of accessibility obligations.

As part of the annual Dun’s 100 forum, senior executives from the finance industry discussed such burning issues as the non-bank credit sector, the slowdown in high-tech and real estate activity, and more. Adv. Dudi Cohen, the head of our firm’s Finance and Public Corporations Department, noted that "even though in the near future we are likely to see a wave of companies realizing there is no place for them in the stock market and that they will be sold as skeletons or deleted from the trading rolls, we still need to remember that there are entities that have an interest in raising capital through the stock market."

The increasing commercial use of AI-based pricing engines will place new challenges before Israel’s competition authorities, both due to concerns about the creation of new means of price coordination between competitors, and, perhaps primarily, because such pricing engines intensify the competition failures that already exist, especially in low-competition markets. Adv. Gal Rozent and Dr. Ran Karmi elaborate on these challenges in an op-ed for Calcalist.

We participated in an episode of the podcast hosted by the Association of Corporate Counsels in Israel, which focused on tools for dealing with administrative enforcement.

Adv. Netta Bromberg, the head of our firm’s Employment Department, was a guest on an episode of the “Bul-Bapony” podcast. Netta discussed the gap between what an individual pays versus an organization for bullying in the workplace and the difficulties in identifying it.

Adv. Ken Shaked acted as a judge for Tel Aviv University’s medical innovation hackathon and will serve as a legal advisor for the competition’s winners. Adv. Inbar Gorelick, Adv. Dana Ben Yehuda, and Adv. Inbar Katzir served as mentors and provided participants with professional input.

As part of our firm's collaboration with the Jewish-Arab accelerator jumpTAU at Tel Aviv University, Adv. Yuval Lazi lectured to entrepreneurs in the accelerator. During the lecture, Yuval provided legal tools to entrepreneurs and discussed how to avoid mistakes before signing investment agreements.

Adv. Yuval Lazi, head of our firm’s International Corporate Department, lectured to members of the AtoBe Accelerator on founders’ agreements.

Adv. Hagit Ben Moshe, a partner and the head of the firm’s Kibbutz Sector Department, was interviewed by several media outlets in connection with the decision to put an end to the financial benefits kibbutzim and moshavim receive for converting agricultural land for commercial or industrial purposes.

Our firm continues to represent the institutional investors Phoenix and More, shareholders of Megureit Israel Ltd., in connection with a dispute concerning alleged unlawful conduct by Megureit. According to Phoenix and More, the REIT fund unlawfully approved an extension of its agreement with the management company, REIT Index Management Ltd., in a manner that harms Megureit and, consequently, its shareholders. Phoenix and More further allege that Megureit failed to provide documents they requested in connection with the matter and delayed convening a meeting and substantive discussion that could lead to a resolution benefiting the company and all its shareholders. Last week, Adv. Zohar Lande and Adv. Adi Shoham sent Megureit a letter clarifying that Phoenix and More intend to pursue their rights, including by filing a derivative action against the company and other parties. They requested that the letter be treated as a preliminary demand before filing a derivative action.

Our office represents a senior official under investigation in connection with suspicions of embezzlement, estimated at approximately ILS 120 million that were allegedly wrongfully obtained from the agricultural association at Moshav Achisemech.

The Ista deal, in which representatives on behalf of a broad public oversaw a sale of assets at a price that turned out to be attractive to buyers, has faced severe criticism. As an expert on corporations and the capital market, Adv. Micky Barnea was interviewed by Globes about the deal. Micky explained the role and responsibility of public representatives, who manage members’ funds, and clarified some ways to manage long-term investments.

Money laundering allegations against bid competitors convicted of coordinating a tender, coupled with charges of competition law offenses and fraud, may lead to aggravated penalties compares to those imposed on “regular” antitrust offenders. The Competition Authority’s decision to freeze and confiscate assets by virtue of Israel’s Anti-Money Laundering Law will exert heavy pressure, both financial and mental, on those under investigation and indictment. Read Adv. Gal Rozent and Dr. Ran Karmi’s article on the issue in Calcalist.