Does the new summary report which was published by the Israel Securities Authority on the subjects of dividend distributions and buy-backs of shares, place high barriers to the ability of boards of directors to pass future resolutions? adv. Rafi Kriman.
On 18 May 2015, Plus500 , an AIM listed company, announced that the UK Financial Conduct Authority had demanded a review of its Anti-Money Laundering financial sanction systems and other related regulatory controls. Plus500UK Limited was obliged to suspend all transactions for existing customers until additional AML procedures have been implemented. Not surprisingly, the share price of Plus500 dropped dramatically. Globes, a leading Israeli newspaper, published an article, including interviews with experts in the field of company listings in London, analyzing what happened to the successful online securities trading company. As an expert in IPO’s in Israel and London, Micky Barnea stated that: The Plus500 matter would make it difficult for other Israeli companies in the industry to list on the stock exchange, even though AIM is the friendliest Stock Exchange for this industry.
As an expert in Labor law, Marie Tsion was interviewed in the economic section of "Yedioth Ahronot" regarding the employment of youths in the summer vacation. Marie elaborated on the relevant requirements for an employer who decides to hire youths.
Globes has revealed an affidavit by Dror Picard which is part of the dispute between the shareholders of Whitewater Water Technologies, which is in receivership with creditors owed about NIS 19 million.
In the affidavit, Mr. Dror Picard states that Hana Gertler admitted that Uri Yogev had deceived her as well, thereby inducing her to invest in Whitewater.
The claimant in the action, Benny Tisch, is represented by Barnea & Co. Tisch is claiming that Whitewater and Yogev made false representations and acted fraudulently, causing him to invest millions in Whitewater Holdings.
StePac, which has developed and manufactures special packaging, has been sold to Johnson Matthey Investments for £18 million in cash by DS Smith, which owned all of StePac. Barnea & Co. represented DS Smith in the deal.
Global Entrepreneurship Network Israel, Barnea & Co Law firm, The Jerusalem Development Authority, JNext, The Jerusalem Municipality, The MIT Enterprise Forum - Israel, Israel advanced technology industries, Made In Jerusalem and more leading hi-tech entities have organized for the 2nd time a competition for early stage startups. The Israeli Company which wins StartUp Open will receive a package of services worth thousands of shekels and will automatically be entered into the list of the World's Top 50 Most Promising Startups, also known as the GEW50.
Registration for StartUp Open Israel 2015 will be open until July 13th , 2015. After a thorough process of judging, the final round of the StartUp Open competition in Israel will be held at Jerusalem on September 7th, 2015 in front of an audience consisting of entrepreneurs, managers, investors, researchers, and government representatives. For more information, please click here
Tadiran Holdings Ltd., controlled by Moshe Mamrod, is acquiring the gas distributor,Supergas, from Granite Hacarmel, a unit of Azrieli Group Ltd., for NIS 250 million.Micky Barnea and Ilan Blumenfeld represent Granite Hacarmel
As an Israeli expert in Banking & Finance, Adv. Simon Jaffa participated in a Q&A by the leading CorporateLivewire website. Simon reviewed the recent regulatory changes in the area, key trends expected to be seen over the coming year.