Client updates / Dual-Listed Companies

Dual-Listed Companies – Israeli Legal Liability for Reporting

22 June 2021 / Andrey Yanai

The Tel Aviv District Court recently handed down a ruling in the Ceragon Networks case. The ruling states that dual-listed companies may face exposure to lawsuits based on the liability rules under Israeli law.

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Categories: Capital Markets | Public companies

Dual-Listed Companies: Updated Information

7 May 2019 / Hagit Ross, Andrey Yanai

The Israel Securities Authority has published a position paper summarizing updated information about the processes for listing and delisting dual-listed companies on the Tel Aviv Stock Exchange and additional stock exchanges abroad. The position paper provides information both to dual-listed companies and companies considering dual listing.

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Categories: Capital Markets | Public companies

Precedent Set regarding Class Actions against Dual-Listed Companies in Israel

20 November 2017 / Zvi Gabbay

In a precedent-setting ruling handed down recently in the Tel Aviv District Court a motion to certify an action as a class action, which was filed against Tower Semiconductor Ltd. and its officers, was dismissed in limine based on the rationale that US law applies to the company in relation to the matter of liability, since Tower is also listed for trading in the United States.

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Categories: Capital Markets | Class Actions | Corporate | Litigation

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Client updates / Dual-Listed Companies