Latest Updates

December 22, 2019

Lee Elbaz Trial Ends with Sentencing

Our firm served along with US attorneys as representation for Lee Elbaz, the CEO of Yukom Communications, in her criminal trial in the United States. Lee was convicted of binary options fraud in August and sentenced last week. Dr. Zvi Gabbay and Adv. Hadar Israeli, who represented Elbaz from her arrest, were interviewed by the media following the sentencing in a Maryland federal court. According to them, "The degree of harshness in US prosecutorial policies and in sentences for economic offenses is infinitely higher than in Israel. "

Article from Globes

Article from Calcalist

Article from Ynet

Article from The Marker

December 17, 2019

Israel Singapore Fintech Convention

Our firm hosted today a meetup for the Israeli fintech community in collaboration with Fintech Fever and the Singapore Fintech Association. Dr. Zvi Gabbay lectured on current regulation, as well as challenges and opportunities in the field.

Link to Zvi Gabbay's Lecture

December 16, 2019

IPO – What’s Important to Know

A private company considering an IPO should know it is a complex and long process, and one that may pose many challenges. Therefore, before deciding to undertake an initial public offering, a deep examination of the process is recommended.

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December 11, 2019

Meetup for Real Estate Entrepreneurs on Crowdfunding

Our firm hosted today together with the crowdfunding platform Pipelbiz a meetup for real estate entrepreneurs. Dr. Zvi Gabbay lectured on raising capital for real estate projects through crowdfunding platforms. He also discussed real estate financing options, preconditions to raising money through a crowdfunding intermediary, and borrowing and investment disabilities.

November 19, 2019

Trading Platforms Targeted by the Israel Securities Authority

The Israel Securities Authority (ISA) recently published a proposed amendment to the Israeli Securities Regulations concerning trading platforms’ activity in Israel.

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November 14, 2019

Zvi Gabbay Lectures to a Course for Compliance Officers

Zvi Gabbay lectured today before compliance officers at the BDO Finance Academy. The lecture dealt with the internal enforcement of securities laws, the enforcement revolution by the Israel Securities Authority, and the need to formulate an effective internal enforcement program.

November 7, 2019

Israel State Attorney’s Policy on Indicting and Sanctioning Corporations

In October 2019, the Israel State Attorney published a new guideline on its office’s policy when considering the prosecution of a corporation, as well as on how it should determine its position on the manner of punishing corporations.

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November 6, 2019

Compliance and Ethics in Corporations

The clear advantages of inculcating an enforcement and compliance culture are expressed not only in routine times, but also in times of crisis, and they can tip the balance and make all the difference.

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November 4, 2019

Mobileye-Intel Deal: Our Firm Continues to Represent Amir Waldman

Our firm continues to represent Amir Waldman, who was charged by the US Securities and Exchange Commission for insider trading in connection with Intel's acquisition of Mobileye. The proceedings are pending before a federal court in New York.

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October 29, 2019

Transfer of Digital Currencies - The Dream and its Collapse

Regulatory resistance and legal proceedings by the US Securities and Exchange Commission are hindering the realization of one of the greatest promises of blockchain technology – the transfer of cryptographic currencies and assets between users without an intermediary.

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October 7, 2019

Lecture by Hadar Israeli on Administrative Enforcement in Israel

Adv. Hadar Israeli, a partner in our Capital Markets Department, lectured on administrative enforcement in Israel during a seminar organized by EY on fraud and scam risk management. During the lecture, Hadar presented how an organization should handle a crisis when an investigation has already begun and also discussed the importance of having organized enforcement programs.

October 2, 2019

Risk Management Course at the Israel Financial Institute

Dr. Zvi Gabbay lectured today on the risks of financial crime as part of a risk management course at the Israel Financial Institute.

September 25, 2019

Hosting the Israel Hedge Funds Association for a Negotiation Workshop

Our firm hosted the Israel Hedge Funds Association today for a negotiation workshop. The workshop was held in collaboration with Moti Crystal, a crisis management expert. As part of the workshop, we presented common mistakes and the techniques for overcoming them in MA transactions and disputes.

September 25, 2019

SodaStream Chairman Suspected of Insider Trading

Dr. Zvi Gabbay was interviewed by TheMarker on the allegations that SodaStream's chairman, while serving as CEO, provided insider information about a deal with Pepsico to a former employee.

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September 25, 2019

Ministry of Justice and Israel Securities Authority Wish to Adjust the Israeli Corporate Regime to Companies without a Controlling Shareholder

The Israel Securities Authority (ISA) and the Ministry of Justice published a call to the public to adjust the corporate regime, as part of addressing problems that may arise as a result of the transition of public companies to a decentralized ownership structure.

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September 23, 2019

Seven Important Points before Fundraising through Crowdfunding

Crowdfunding is by now not a new fundraising option for corporations in Israel. These seven points helps explain the ins and outs of the process and the players involved.

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September 9, 2019

Israel Securities Authority Working to Launch Securitization Market in Israel

The Israel Securities Authority (ISA) recently published an advisory document for public comment ahead of the publication of a legal memorandum for the regulation of the securitization field in Israel.

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September 5, 2019

The ISA Places Enormous Emphasis on Deterrence

In an article in TheMarker, Dr. Zvi Gabbay discusses the market's need to share in enforcement efforts in order to make internal enforcement one of the cornerstones of ISA policy.

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August 27, 2019

Event Invite: Second Meeting of Compliance Forum with ACC

The second meeting of the Compliance Forum, held in collaboration with the ACC, will focus on the basic principles and standards required for formulating an enforcement plan, the challenges of implementing such a plan, and how compliance officers should act.

Registration link

For more information

August 18, 2019

Administrative Enforcement Committee Approves Agreement between ISA and Kitov Pharma Ltd.

The Administrative Enforcement Committee of the Israel Securities Authority (ISA) approved an administrative enforcement agreement between the ISA, Kitov Pharma Ltd., and a few of its officers. According to the agreement, which concludes the criminal investigation by the ISA, the company and its officers will pay a monetary sanction. Our firm represented the company and its CEO in the process.

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