Court awarded defendants exceptional court costs, even though the claim against them was rejected
The Tel Aviv District Court ordered NTA, the public company in charge of constructing the Tel Aviv light rail, and H.B. Innovation Ltd., to pay Safeguard Applied Innovation Ltd., represented by our office, NIS170,000. The decision was given in connection with a petition filed by Joseph Shem Tov & Co. for our client. The petition […]
JST&Co Petitions the High Court of Justice over Israel’s Policy to Keep Wedding Halls Closed
Meir Ben-Shahar, Joseph Shem-Tov & Co.’s partner and manager of our litigation department filed a petition at Israel’s High Court of Justice on-behalf of ten owners of events halls. The petition is against the government’s decision to postpone the opening of events halls until the middle of June, as part of its combat against the […]
Some Israeli Businesses May be Affected by Tightening of U.S. Export Controls to Russia
By Gil Rosen, Adv. On February 24, 2020, the Bureau of Industry and Security (BIS) of the U.S. Department of Commerce, published in the Federal Register changes to the Export Administration Regulations (EAR) of the United States that will affect exports of items to Russia and to Yemen. The changes were implemented due to U.S. […]
Join Gil Rosen, Adv. on an Israeli Export Control Webinar
On March 11, 2020 Gil Rosen, Adv. a partner with Joseph Shem Tov & Co, will present a webinar on key elements of the Israeli export control regime in conjunction with WorldECR. Gil has been advising companies in the defense and homeland security sectors for 20 years. WorldECR is published in London and is widely […]
What Does Brexit Mean to Israeli Businesses?
By Gil Rosen, Adv. On January 22, 2020, UK Prime Minister Boris Johnson had his Brexit deal with the European Union approved in Parliament and the Brexit Bill will come into force on January 31, 2020. So Britain’s long, slow and drawn out Brexit saga is moving on to the next phase. Britain and Israel […]
Client Update: ISA Report – Findings Regarding Immediate Reports
On January 8th, 2018, the ISA published a report on its findings regarding immediate reports published by companies. Such report examines the compliance of reporting companies with certain provisions of Securities Regulations (Immediate and Periodic Reports), 1970.
Client Update: ISA Notification Regarding the Registration of a Company as an Offer Coordinator
Following the publication of Securities Regulations (Offer of Securities by an Offer Coordinator), 2017 on June 26, 2017, the ISA published a notification to companies regarding the registration of a company as an Offer Coordinator. The ISA Notification sets forth the information required to be included in a company’s registration application to act as an […]
Client Update: Crowdfunding Regulations
Crowdfunding, as any other attempt to raise funds from the public in Israel, is subject to the Israel Securities Law. Crowdfunding is mainly governed by the Securities Regulations (Offer of Securities through an Offering Coordinator), 2017 (the “Crowdfunding Regulations”). The Crowdfunding Regulations were approved on March 2017 and regulate the crowdfunding process.
Client Update: Introduction of reliefs from Corporate Governance requirements
On April 3 2016, amendments to various regulations under Israeli Companies Law, 1999 were published in the Official Gazette. Such amendments introduce a broad array of reliefs from certain corporate governance requirements, including reliefs in the following matters:
Client Update: Amendment 27 to the Companies Law – Corporate Governance
On February 17th, 2016, Amendment 27 to the Companies Law (the “Amendment”) was published in the records. Within the framework of the Amendment, provisions of the Companies Law dealing with the following matters were amended: (i) the conditions under which the Audit Committee may act as the Compensation Committee; (ii) the majority required to authorize […]
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