Insights & News

Michal Cohen, the Director General of the Israel Competition Authority, issued a special statement, emphasizing the prohibition on companies exploiting their monopolistic position to cause consumers harm during the Israel-Hamas war. As an expert in the competition and antitrust field, Irit Brodsky was interviewed by Globes on the issue. Irit noted, “In addition to the various reliefs, during this difficult period, businesses must take care not to harm consumers as part of their survival efforts, and certainly not to exploit the situation. The Director General intends to be vigilant, especially regarding practices that exploit a company’s monopolistic position and harm consumers, and will use the enforcement measures in her power against such entities.”

Following the publication of draft regulations on derivative claims, Eyal Nachshon, a partner in our firm's litigation department, was invited to participate in a webinar hosted by the Israeli Association of Publicly Traded Companies on the issue. In his lecture, Eyal referred to the draft regulations with an eye toward litigation.

The use of emojis is expanding, redefining the bounds of interpersonal communication. For instance, a Canadian court recently determined that a text message with a thumbs-up emoji was considered as valid acceptance of contractual terms. Read Daphna Klein’s op-ed on the case in Calcalist.

For years, the purchasing group trend made transactions to purchase an apartment more viable. Today, as part of the drive to deal with sky-high housing prices, the trend has seen a resurgence. As an expert in the real estate field, Alon Wolner was interviewed by Bizportal on the subject.  Alon noted that “naturally, when there is an attempt to lower prices, creative solutions are sought, but we should remain aware of the risks inherent in purchasing groups.”

The pandemic is over and employers are demanding employees return from remote work back to the office, despite some employees’ reluctance. Netta Bromberg, the head of our firm’s Employment Department, was interviewed by TheMarker for an article on the subject. Netta noted, “Not every change in employment conditions constitutes a worsening of conditions, especially not an evident one, that allows an employee to qualify for resignation as dismissal. The employer has a workplace and a business to manage, and he has the authority to manage it as he sees fit, including demanding that employees work from the office.”

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 firm partners Zohar Lande and Hagit Ross, with additional assistance from Shachar Rothschild, Alon Anava, Tzofiya Shenfeld, and Ronit Lerer.

We held, together with the Israeli Association of Corporate Counsel, a webinar focused on compliance. Dr. Zvi Gabbay gave a lecture entitled, “What Do Regulators Want to See? Training and Implementation of Compliance Procedures.” Anat Shubat from our firm, along with Ella Chertok from ICL Group, explained how to combine creative thinking with best practices in compliance trainings.

Netta Bromberg, the head of our firm's Employment Department, lectured to a professional study course at the Israel Bar Association’s Midrasha – National Attorney's Academy. The lecture addressed expansion orders and collective bargaining agreements. Netta also touched on conducting legal analysis during due diligence procedures.

Elad Reshtick, Omri Oren, and Raz Landau represented Mediterranean Towers Ltd. in a ILS 300 million issuance of a new series of bonds held earlier this week. The company received offers for approximately ILS 533 million in the institutional phase.

Idan Miller, the coordinator of our firm’s insolvency and corporate recovery practice, was interviewed by Globes about the wave of companies in financial distress. Idan noted that “what we’re seeing in the newspapers is only the tip of the iceberg.”  According to Idan, a large number of unpublicized debt settlements are currently underway in contracting, high-tech, and security procurement companies.

Business Today has ranked Itay Gura on its list of the ten most influential lawyers in the startups and growing companies field in Israel.

Yuval Lazi and Nofar Rose David represented Chargeflow, a startup using AI to fight chargeback fraud, in an investment led by the VC firm OpenView Venture Partners.

Shai Avnieli and Omer Ungar are representing Bareket in a lawsuit the construction company Longshine has filed against it. Longshine, which served as the main contractor in a project initiated by Bareket, was nine months late in delivery of the project. As a result, Bareket deducted approximately NIS 10 million from the construction account. 

In an interview with Calcalist, Ken Shaked advises on the primary considerations for when a company decides where to incorporate, applicable law for companies that choose to incorporate abroad, related costs, and the tax considerations companies should seriously mull over.

As an expert in the field, Globes interviewed Dr. Zvi Gabbay, the head of our firm’s Capital Markets Department, on PayPal’s decision to launch a stablecoin backed by the US dollar.

In light of the Israeli government’s proposed reform to the judicial system, Law.com, an industry-leading media platform, spoke with key figures in the Israeli business and legal community to understand the potential effects of these changes on the practice of law. Micky Barnea, our firm’s managing partner, was invited to share his insights. To read the full article and Micky’s interview, please click here.

Our firm is representing Adi Nahum, a partner in the Contempo real estate group, and several companies owned by him, in an NIS 11 million claim for monetary relief and other remedies, including the removal of minority oppression and a declaratory judgment of ownership rights in companies in Contempo against the company's owner, Shahar Raz, and other companies in the group. Contempo oversees dozens of urban renewal projects in sought-after neighborhoods in central Tel Aviv, Givatayim, Givat Shmuel, Ra’anana, Bat Yam, and Ramat Hasharon.

Idan Miller and Liron Dahan are advising Anise on a corporate recovery plan, after the natural products chain fell into an approximately ILS 22.9 million debt. As part of this process, our firm submitted a request to the district court to appoint a trustee and approve a debt arrangement. Anise’s debts accumulated due to branch expansion and an increase in interest rates. The chain is now working to implement its all-encompassing corporate recovery plan, which includes closing unprofitable branches, closing a packaging plant in Kiryat Anavim, improving efficiency, and further reductions.

Hagit Ross, a partner in our firm’s Capital Markets Department, was interviewed by TheMarker on the phenomenon of companies going public via mergers with stock market skeletons.

Elad Reshtick’s op-ed in TheMarker examines the dangers of companies disclosing marketing and sales updates in the guise of stock market filings, in order to attract investors.