Latest Updates

April 10, 2022

The Role of a Court-Appointed Observer at the Board Table

Dr. Zvi Gabbay participated in a "Zichlinskey Hosts" meeting held by SRI Global Group together with the Israel Directors Union.

March 30, 2022

Appointment of an Auditor – New Statement on Required Disclosure

According to a new ISA legal position, convening a general meeting of shareholders to vote on a public company’s appointment of an independent auditor requires expanded disclosure.

See full article >

March 29, 2022

Complete Guide to the TASE IPO Process

The Israel Securities Authority guides provides basic guidelines to corporations going public and answers critical initial questions.

See full article >

March 27, 2022

Regulatory Activism Is Not the Proper Form of Enforcement

Globes has published an op-ed by Dr. Zvi Gabbay commenting on a statement made by a senior official at the Israel Securities Authority regarding the applicability of securities regulation on various types of alternative investments.

See full article >

March 15, 2022

Cryptocurrencies – If You Can't Beat Them, Regulate Them

Crypto regulation – It’s the authorities’ turn to act and allow for integration of the industry into conventional economic activities.

See full article >

March 8, 2022

Foreign Funds from Additional Stock Exchanges May Dual List on the TASE

Until now, only foreign funds from a limited number of foreign exchanges have been able to register for trading in Israel. A Ministry of Finance amendment to the relevant regulations seeks to change this.

See full article >

March 2, 2022

Globes Op-ed by Zvi Gabbay – Crypto and the Regulators

Dr. Zvi Gabbay writes in a Globes op-ed about rising up to the blockchain challenge and who needs to make the next move.

See full article >

February 23, 2022

Dual-Listed Companies – a Fly in the Ointment

When dual-listed companies have no real link to Israel, the ISA needs to check its considerations, and investors even more so.

See full article >

February 23, 2022

Cayman Islands Policy Change Regarding the Classification of Countries vis-à-vis the Anti-Money-Laundering Laws

From "low" to "moderate" risk of money laundering: the Cayman Islands Monetary Authority's classification change and its impact on Israel.

See full article >

February 20, 2022

Between an Offering Prospectus and a Shelf Prospectus

The prospectus has four key objectives: to give investors information so that they make rational investment decisions; to deter the company and its executives from inappropriate behavior; to encourage public trust in the capital market; and to increase efficiency in the securities market.

See full article >

February 2, 2022

Interview with Micky Barnea: Takeovers of Public Companies

Recent years have seen several takeover attempts of companies listed on the Tel Aviv Stock Exchange. Already in early 2022 was there a control struggle over Norstar Holdings Inc. As an expert lawyer in the field of corporate takeovers, Micky Barnea was interviewed by TheMarker for an article on the subject. In the interview, Micky explained that “control takeovers begin with a combination of two things: an analysis to identify the business potential and a legal analysis that clarifies which steps are required to acquire control.”

See full article >

January 20, 2022

Cyber Events in Public Companies

Hagit Ross, a partner in our firm, lectured today at the annual convention of the Israeli Association of Publicly Traded Companies on the required preparations public companies must make in the face of cyberattack threats.

January 12, 2022

Will Israel Enter the MSCI Europe?

The global stock index provider Morgan Stanley Capital International (MSCI) recently announced it is seeking market feedback on Israel’s possible inclusion in its European indices. MSCI, considered one of the largest stock index providers in the world, plans to announce a decision by the end of February 2022.

See full article >

January 11, 2022

Regulating Israeli Banks’ Provision of Services to Licensed Cryptocurrency Service-Providers

The Bank of Israel is proposing to regulate the provision of services to licensed cryptocurrency service-providers so that banks will not be able to sweepingly refuse to provide service and will have to formulate a risk management policy.

See full article >

January 3, 2022

Will NFTs Push Regulators to Regulate the Metaverse?

Currently, most regulators and governments are on the fence with regards to NFTs, waiting to see what other jurisdictions do or how the market develops. In some instances, governments and regulators are trying to address this issue more actively, but with very different outcomes.

See full article >

December 14, 2021

Accessibility Requirements for Public Company Reports – Advising the Association of Publicly Traded Companies

Our firm is advising the Association of Publicly Traded Companies vis-a-vis the Ministry of Justice, the Commission for Equal Rights for Persons with Disabilities, and the Israel Securities Authority regarding accessibility requirements for public company reports. From the legal review we prepared for the client, we determined there is no place or justification, even from a broad international perspective, to impose accessibility requirements on companies with regard to public company reports, or to allow private enforcement (in the form of class action lawsuits) against public companies.

December 12, 2021

Do You Own Crypto? AML Order Also Applies to Digital Currencies

For the first time, companies providing virtual currency services will be required to comply with Israeli anti-money laundering provisions. This follows an amendment to the Prohibition of Money Laundering Order that recently came into effect. The amendment will apply to financial asset service providers obligated to hold a license under the Control of Financial Services Law.

See full article >

November 18, 2021

Internal Enforcement: Series of Webinars for Public Companies

Our firm, in collaboration with the Public Companies Forum of the Association of Corporate Counsel in Israel, has launched a series of webinars on internal enforcement. Among the lectures in the series, to be delivered by Dr. Zvi Gabbay, is "Prohibition on the Use of Insider Information, What an Internal Enforcement Plan Is, and How It Is Implemented in Organizations."

November 15, 2021

Interview on Workers' Rights in SPAC Issuances

Gett announced last week a USD 1.1 billion merger with an SPAC. This prompted unrest among former Gett employees who feared a dilution of their shares. We were interviewed by TheMarker about workers' rights during issuances and SPAC processes.

See full article >

October 11, 2021

World’s Most Important Financial Institutions Seek Involvement in Crypto Field

While Israel’s banks are in no hurry to accept the blockchain industry and are avidly trying to keep their distance from cryptocurrencies, this is not the case elsewhere. Recently, the major global securities, derivatives and financial trade associations sent a joint letter to the Bank for International Settlements (BIS), which develops banking supervision standards and criteria, to adopt regulation that will enable their involvement in the crypto asset sector.

See full article >

Search by Practice

Latest Updates / Capital Markets