Insights & News / Shachar Rothschild

Following a lengthy battle by the majority shareholders in Megureit, led by Phoenix Group and More Investment House, a significant reduction was made to the REIT fund’s management fees. The agreement was reached after an institutional activist struggle, including a petition to the court and a demand for a special shareholders’ meeting. Phoenix and More were represented by Adv. Zohar Lande, Adv. Shachar Rothschild, and Adv. Adi Shoham.

We are providing representation in a shareholders' dispute at Powermat, one of the first startups to develop wireless charging technology. The company holds overs 145 patents, is considered a significant player in the market, and has signed large-scale deals with international companies.

Adv. Eyal Nachshon and Adv. Shachar Rothschild represented the entrepreneur and businessman Tomer Solomon against his former partners Uri Amitai, Nir Pelter, and Nadav Segal in a lawsuit over the rights to shares in a cannabis company founded by Solomon. After a hearing on the allegations, the court ruled Solomon was illegally deprived of his holdings, in violation of agreements with him. Therefore, the court ordered the enforcement of the agreements and the return of his holdings in the venture.

Adv. Eyal Nachshon and Adv. Shachar Rothschild represent the minority shareholders of the SeeTree startup. The minority shareholders, who until recently held 3.8% of the company’s shares, claim in the lawsuit we filed that their holdings were diluted to 3.074%, depriving them of their rights, while the majority shareholders exceeded their authority and violated obligations to them. The startup completed a sixth round of funding this year at a value of USD 70 million.

Our firm is representing Kobi Zaid, the founder of Zaid Orniv, in a shareholder dispute and a contract enforcement lawsuit against the businessman Yaron Roziak and Rabbi David Ifergan.

Our firm is representing private clients in a lawsuit against the liquidating company of the Bank of North America (disbanded in 1985), as well as against the administrator general and official receiver. The lawsuit concerns trust funds deposited in the bank by the deceased father of the family. The clients are represented by Adv. Zohar Lande and Adv. Shachar Rothschild of our Litigation Department.

Barnea is representing the Chinese infrastructure company PMEC in its request to disqualify the winning bid in the tender for Highway 16. The company is being represented by Adv. Zohar Lande, Adv. Eyal Nachshon, and Adv. Shachar Rothschild from the Litigation Department.

As previously reported, Geller filed a lawsuit alleging fraud involving nearly ILS 70 million. Although the District Court dismissed the principal fraud claim, it ordered Omer to pay Geller several million shekels, finding that the funds had been advanced as a loan. Both parties appealed to the Supreme Court, which dismissed Geller’s appeal in full, allowed Omer’s appeal and referred the case back to the District Court. This week, after nine years of litigation, the District Court dismissed the action in its entirety, accepting Omer’s argument that the funds had been transferred as part of a share purchase transaction. The Court ruled that, in these circumstances, Omer was required neither to repay the funds nor to transfer any shares.

Barnea represents the publicly traded Hanan Mor Group and other companies within the group in a lawsuit brought by a contractor concerning several real estate projects. The contractor sought damages and an order preventing the bank guarantees from being called. The court rejected the contractor’s request for an order, fully accepting Barnea’s arguments. It also criticized the contractor’s conduct, noting that its account “raises questions,” and awarded Hanan Mor Group ILS 12,000 in legal fees and costs. Hanan Mor Group is represented by Adv. Zohar Lande, Adv. Itay Wigoda, and Adv. Shachar Parnes of our Litigation Department.