Dr. Zvi Gabbay heads our Capital Markets department. Zvi possesses extensive experience in Israel and in the United States, representing corporations and individuals in various aspects of their operations, mainly in the areas of financial regulation, securities, capital markets and international litigation.
Over more than 18 years of practice in the fields of financial regulations and enforcement, Zvi attained an esteemed reputation for representing clients before the regulatory authorities on matters pertaining to securities laws and financial regulation, for providing ongoing legal advice to private clients and to leading corporations in relation to their capital market and corporate governance needs, as well as for representing clients before various enforcement agencies during administrative inquiries and investigations.
Zvi specializes in securities law and in advising public companies, banks, investment houses and financial entities in relation to their activities in the global arena.
Zvi also represents clients before the regulatory authorities on matters pertaining to securities laws and financial regulation, and provides ongoing legal advice to individuals and leading corporations in relation to their capital market and corporate governance needs. Zvi also represents clients in securities-related enforcement proceedings, including criminal and administrative inquiries and investigations.
Zvi’s vast experience includes roles as Head of Enforcement and member of the management of the Israel Securities Authority, as a lawyer in the New York office of Skadden, Arps, Slate, Meagher & Flom, as a prosecutor in the Tel-Aviv District Attorney’s office, as a partner in a major law firm in Israel and as a founding partner of a boutique capital market firm.
The Chamber’s Fintech guide for 2020 ranked Zvi as an expert in the field of Fintech. The guide describes him as “one of, if not the, go-to person on matters of regulation: he tops my list in hardcore regulatory matters”.
JSD, Columbia University, New York, 2006
LL.M, summa cum laude, Columbia University, New York, 2004
LL.M, magna cum laude, in commercial law, Bar-Ilan University, Ramat-Gan, 2002
LL.B, Hebrew University, Jerusalem, 1999
Member of Israel Bar Association since 1999
Member of New York Bar Association since 2005
News and updates - Zvi Gabbay:
Crowdfunding Regulation in Israel
Crowdfunding began as a fundraising model used by entrepreneurs or artists to fund projects. Investors gave money as a donation or with the expectation of receiving the final product. Now, many companies are using crowdfunding simply as a means to raise money.
When a company raises funding, it usually issues stocks or bonds (in the case of debt raising) to its investors and must disclose all material information related to the issuance. In most cases, an issuance of securities to the public is made through a prospectus published on the stock exchange.
Israel's legislature has finally understood that crowdfunding should also be regulated and supervised by the Israel Securities Authority (ISA), and indeed regulation in this field is both necessary and welcome.
So which companies are best suited to raise funds through crowdfunding platforms? What is a “proposal coordinator” and how can it receive a license?
Dr. Zvi Gabbay, a former head of enforcement at the ISA, discusses in a short video all related questions on regulation and crowdfunding.
Every Crisis Is an Opportunity – Webinar
On June 2, we will host a webinar together with the ACC. Dr. Zvi Gabbay will discuss the opportunity to upgrade the role of compliance officer in light of the coronavirus crisis. The webinar is geared for compliance officers and legal counsels.
An Opportunity for Regulators
The Israel Securities Authority's current enforcement policy forces officers and companies that have acted in good faith to prove as much in an administrative enforcement proceeding. Check out an opinion article by Dr. Zvi Gabbay and Shir Rozenzweig published in TheMarker about how regulators can adjust this policy.