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Latest Updates /  Capital Markets

February 29, 2024

Fintech: Dr. Zvi Gabbay Lectured at Reichman University

Dr. Zvi Gabbay, the head of our firm’s Capital Markets Department, lectured at Reichman University. In this lecture, he offered insights into the convergence of regulatory frameworks and fintech verticals, shedding light on how to navigate and comply with evolving regulatory conditions.

February 29, 2024

Israel Securities Authority: Diversifying SMEs’ Financing Channels

Small and medium-sized corporations are a central part of the Israeli economy’s growth engine and are considered major contributors to employment growth. The Israel Securities Authority is seeking to assist these businesses in diversifying their funding sources.

February 26, 2024

US Regulatory Authorities Look to Increase Hedge Funds' Transparency and Stability

The new rules will require managers of large hedge funds to disclose additional information about their activities and strategies and provide more detail about their investments, including the countries and industries in which they are invested, leverage exposures, and more. As expected, fund managers are objecting, arguing that the new requirements will lead to superfluous information overload.

February 22, 2024

Risk to Israeli Entities Posed by International Sanctions – What Is the Exposure and What Are the Dangers?

The United States, the European Union, and other countries have been imposing economic sanctions on Israel for quite some time. The recent sanctions imposed on Israeli settlers suspected or convicted of committing violence against Palestinians may be a harbinger of a broad regime of sanctions that may affect business activities in Israel.

February 7, 2024

Webinar: Agreements with Brokers

Our firm was hosted on a webinar of the Hedge Funds Association in which Dr. Zvi Gabbay lectured the Association members on the important points that should be included in agreements with brokers.

January 23, 2024

The SEC Approves ETFs That Track Bitcoin

The SEC approval has aroused considerable excitement, especially among people in the crypto and bitcoin industry. However, these are approvals of specific applications and not across-the-board approvals, and the SEC still considers this an unstable sector requiring investors to remain cautious.

January 9, 2024

Mediterranean Towers and Clal Insurance & Finance Establish Joint Venture

Mediterranean Towers and Clal Insurance Finance have signed an agreement to invest ILS 500 million for the establishment of a joint venture to locate and develop senior housing enterprises. The ILS 500 million will serve as the JV's equity capital, for up to ILS 3.3 billion in financing. Mediterranean Towers, a leader in senior housing complexes in Israel, will invest ILS 200 million in the joint venture and will own 51% of the rights and capital of the JV. Advs. David (Dudi) Cohen and Omri Oren represented Mediterranean Towers in the deal.

January 8, 2024

New ISA Rules on Foreign Brokers’ Supervision of Marketers

The Israel Securities Authority imposes supervisory obligations on foreign brokers with regard to the activities of their marketers in Israel.

January 3, 2024

Barnea: Representing Pomvom in Merger with Israel Acquisitions Corp

Israel Acquisitions Corp, initially founded as a SPAC, and Pomvom Ltd., a technology firm specializing in amusement park content, have formally announced a binding merger agreement. The combined entity is set to be traded on Nasdaq. Hagit Ross, Alon Anava, and Ronit Lerer represented Pomvom Ltd.

December 26, 2023

Institutional Activism – Interview with Micky Barnea and Zohar Lande

In the past year, there has been a growing trend of institutional investors seeking to influence the companies in which they hold shares. As experts in the field, Micky Barnea and Zohar Lande were interviewed by TheMarker about institutional investors’ increasing involvement in companies.

December 25, 2023

An Interview with Dr. Zvi Gabbay on the SEC’s Approach to Regulating the Crypto Market from a Legal Perspective

As an expert in regulatory affairs, Finance Magnates conducted a two-part interview with Dr. Zvi Gabbay. In the interview, Zvi expressed strong criticism of the U.S. Securities and Exchange Commission's current strategy regarding the cryptocurrency market. This comes in the wake of the SEC's aggressive legal actions against major players such as Coinbase, Kraken, and Binance.

December 5, 2023

Dr. Zvi Gabbay Recognized as Leading Blockchain Lawyer

Zvi is among an exclusive list of lawyers nominated for the Lexology 2024 Client Choice Awards. Zvi is the only Israeli lawyer recognized in the Blockchain field.

December 4, 2023

Stock Market Investors Knew of Hamas’s Attack in Advance and Profited – Interview with Dr. Zvi Gabbay

Mako interviewed Dr. Zvi Gabbay, the head of our firm’s Capital Markets Department, after a US study revealed an unusual volume of transactions on the New York and Tel Aviv stock exchanges gambling on the collapse of the Israeli stock market a week before Hamas’s October 7th attack.

November 23, 2023

Barnea: Webinar on the Work of Compliance Officers during Wartime

Our firm hosted a webinar in collaboration with the Association of Corporate Counsel in Israel on the issue of compliance during wartime. As part of the webinar, Dr. Zvi Gabbay, head of our firm’s Capital Markets Department, emphasized the compliance actions required during wartime by offering comparisons to other recent global war zones.

November 19, 2023

Israeli Private Companies and Prospectus Obligations

For Israeli private companies aiming to secure investments, it is crucial to have a solid understanding of the obligations set forth by the Israeli Securities Law. Chief among these is the prohibition on conducting public offerings of securities without a proper prospectus, which, if violated, could lead to legal scrutiny.

November 16, 2023

SEC Signals Intent to Regulate NFTs

The SEC is taking a regulation by enforcement stance toward NFTs and is creating legal uncertainty in the field. Will the Israel Securities Authority follow suit?

October 31, 2023

Swords of Iron: Israel Securities Authority Guidelines and Reliefs

The Israel Securities Authority has announced several reliefs due to Operation Swords of Iron, mainly the postponement and extension of deadlines.

October 3, 2023

Public Companies, Financial Statements and Competition

Commercial information or intentions disclosed in public companies’ public statements might expose them to investigations or sanctions by the Israel Competition Authority. The tension between the reporting obligation and the desire to maintain a competitive market will be resolved only through clear guidelines issued by the regulatory authorities.

September 18, 2023

Privacy Protection Obligations: Boards of Directors’ Role

The Israeli Privacy Protection Authority recently published a draft directive that imposes the responsibility for fulfilling certain obligations on the board of directors, including the obligation to appoint an officer responsible for compliance with the Privacy Protection Regulations

September 6, 2023

Successful and Proactive Institutional Activism in Israel

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.