ארכיון Capital Markets

July 18, 2024

Corporate Secretariat Course: Elad Reshtick Lectures at BDO Financial Academy

Elad Reshtick, a partner at our firm, guest lectured to a corporate secretariat course at BDO Financial Academy. Elad addressed officer and director compensation, insider information and transactions involving interested parties, financial reporting for managers, and preparing for public offerings. Elad has been invited to lecture to the course again in August, where he will focus on board of director matters and corporate governance.

June 26, 2024

Transaction: Solrom Merges with Listed Company 3DM

Elad Reshtick and Omri Oren represented the public company 3DM in a merger transaction, wherein 3DM will acquire Solrom Electronics Ltd. Solrom is engaged in the development, planning, production, and marketing of products primarily for use in the defense market.

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April 15, 2024

Majority Shareholders, CEOs, and Board Chairmen – Interview with Micky Barnea

With the Amir brothers’ entry to Shufersal, they appointed close associates to management positions as well as board directors on their behalf. This move has sparked debate about control and management in public companies and the blending of roles between CEO, board chairman, and majority shareholder. As an expert on corporate governance and shareholder struggles, Micky Barnea, our firm’s managing partner, was interviewed by TheMarker on the matter.

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April 2, 2024

Barnea: Hosting IIRF Conference on Future of Stock Market Trading

We were pleased to host the Israel Investor Relations Forum’s conference on the future of stock market trading. A one-on-one conversation was held between Micah Stocks, a financial YouTuber who presents stock market news, and Rami Rozen, Director of Investor Relations at AppsFlyer and a member of the IIRF’s regulatory committee. Dr. Zvi Gabbay, the head of our firm’s Capital Markets Department, also spoke.

April 10, 2024

Barnea: Webinar on Regulation of Payment and Payment Initiation Services Law

Our firm hosted a webinar on the new payment services law. The webinar was held as part of a forum for financial service providers that we launched together with Adv. Orit Yosef. During the webinar, Dr. Zvi Gabbay and Anat Even-Chen discussed the conditions for obtaining a license, the relationship between payment services and open banking services, and more.

March 19, 2024

New Method Threatening the Rule of Managers in the Stock Market

As an expert on control struggles, Micky Barnea was interviewed by Globes for an article on the Amir brothers' takeover of Shufersal. Micky explained the significance of holding less than 25 percent of a company and the tools available to the Israel Securities Authority in such transactions.

February 29, 2024

Fintech Lecture at Reichman University

During a lecture at Reichman University, we offered insights into the convergence of regulatory frameworks and fintech verticals, shedding light on how to navigate and comply with evolving regulatory conditions.

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.

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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. We represented Pomvom Ltd.

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December 25, 2023

The SEC’s Approach to Regulating the Crypto Market from a Legal Perspective

We were interviewed by Finance Magnates, where we strongly criticized the US Securities and Exchange Commission's current strategy toward the cryptocurrency market. This criticism comes in the wake of the SEC's aggressive legal actions against major players such as Coinbase, Kraken, and Binance.

To read Part 1 – The SEC Is Wrong and They're Already Paying for It

To read Part 2 – BlackRock's Venture into the Bitcoin ETF Realm>>

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.

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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.

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December 4, 2023

Stock Market Investors Knew of Hamas’s Attack in Advance and Profited – Mako Interview

We were interviewed by Mako following a US study that revealed an unusual volume of transactions on the New York and Tel Aviv stock exchanges betting on a collapse of the Israeli stock market in the week preceding Hamas’s October 7th attack.

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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, we emphasized the compliance actions required during wartime by offering comparisons to other recent global war zones.

September 6, 2023

Compliance Forum: Israeli Association of Corporate Counsel Webinar

Together with the Israeli Association of Corporate Counsel, we held a webinar on compliance that included a lecture entitled, “What Do Regulators Want to See? Training and Implementation of Compliance Procedures.”

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 Zohar Lande, Shachar Rothschild, and Adi Shoham.

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August 30, 2023

Advising on a ILS 300 Million Issuance of a New Series of Bonds

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.

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August 9, 2023

Crypto: PayPal Launches USD-Based Stablecoin

We were interviewed by Globes on PayPal’s decision to launch a stablecoin backed by the US dollar.

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July 31, 2023

Capital Markets: The Dangers of Misleading Stock Market Filings

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.

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August 6, 2023

Stock Market Skeletons: How to Properly Execute a Merger

We were interviewed by TheMarker on the phenomenon of companies going public via mergers with stock market skeletons.

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