Capital Markets
Those working in capital markets today are required to deal with a dynamic field and a rapid pace of developments. They must be able to balance between investment and risk management, as well as between technological developments and increased and changing regulation.
Our firm offers legal advice in all areas that touch on regulation. We provide finance related legal services to investment houses, provident and mutual funds, hedge funds, investment consultants, and portfolio managers operating or wishing to operate in Israel.
In addition, we advise public companies traded on the Tel Aviv Stock Exchange (TASE) on various legal issues related to their stock exchange operations. These include private capital and debt issues, private placements, mergers and acquisitions, controlling shareholders’ transactions, compensation policies for senior officers, and enforcement programs.
Thanks to our proven experience in the international arena, we also represent Israeli companies with shares listed on foreign stock exchanges – mainly those in the United States and England – as well as foreign investors active in Israel.
We regularly accompany leading corporations and private clients before enforcement agencies in connection with investigations and administrative proceedings. For instance, we have appeared with clients before the Israel Securities Authority and other various regulators.
Our firm also represents companies in the processes of performing initial coin offerings (ICO), issuing virtual currencies, and founding electronic payment systems and digital wallets. As an internationally active firm, we are in constant contact with other law firms in relevant countries.
News and updates - Capital Markets:
Economic Court Restores Certainty to Profit Test for Dividend Distributions
The Tel Aviv District Court (Economic Department) has restored certainty to directors in relation to the profit test for dividend distributions. The court ruled that the profit test is a retroactive technical test, unless the directors are aware of a major event that could materially change the company’s accounting position.
Israel Securities Authority: Tokens May Be Classified as Securities
The Israel Securities Authority recently established guidelines on when a cryptographic currency (token) is considered a security. The ISA determined that Kirobo tokens meet the definition of a security. This is primarily because the The Israel Securities believes investors would intend to purchase the tokens for financial purposes. In addition, these investors would anticipate their holdings to go up in value.
Relief from Insurance Requirements for Portfolio Managers and Investment Advisors
The Israel Securities Authority (ISA) has announced that, temporarily, it will not initiate or recommend taking enforcement measures against corporations licensed in portfolio management, investment advising, and investment marketing that have not fulfilled professional liability insurance requirements.
Capital Markets
Those working in capital markets today are required to deal with a dynamic field and a rapid pace of developments. They must be able to balance between investment and risk management, as well as between technological developments and increased and changing regulation.
Our firm offers legal advice in all areas that touch on regulation. We provide finance related legal services to investment houses, provident and mutual funds, hedge funds, investment consultants, and portfolio managers operating or wishing to operate in Israel.
In addition, we advise public companies traded on the Tel Aviv Stock Exchange (TASE) on various legal issues related to their stock exchange operations. These include private capital and debt issues, private placements, mergers and acquisitions, controlling shareholders’ transactions, compensation policies for senior officers, and enforcement programs.
Thanks to our proven experience in the international arena, we also represent Israeli companies with shares listed on foreign stock exchanges – mainly those in the United States and England – as well as foreign investors active in Israel.
We regularly accompany leading corporations and private clients before enforcement agencies in connection with investigations and administrative proceedings. For instance, we have appeared with clients before the Israel Securities Authority and other various regulators.
Our firm also represents companies in the processes of performing initial coin offerings (ICO), issuing virtual currencies, and founding electronic payment systems and digital wallets. As an internationally active firm, we are in constant contact with other law firms in relevant countries.
News and updates - Capital Markets:
Economic Court Restores Certainty to Profit Test for Dividend Distributions
The Tel Aviv District Court (Economic Department) has restored certainty to directors in relation to the profit test for dividend distributions. The court ruled that the profit test is a retroactive technical test, unless the directors are aware of a major event that could materially change the company’s accounting position.
Israel Securities Authority: Tokens May Be Classified as Securities
The Israel Securities Authority recently established guidelines on when a cryptographic currency (token) is considered a security. The ISA determined that Kirobo tokens meet the definition of a security. This is primarily because the The Israel Securities believes investors would intend to purchase the tokens for financial purposes. In addition, these investors would anticipate their holdings to go up in value.
Relief from Insurance Requirements for Portfolio Managers and Investment Advisors
The Israel Securities Authority (ISA) has announced that, temporarily, it will not initiate or recommend taking enforcement measures against corporations licensed in portfolio management, investment advising, and investment marketing that have not fulfilled professional liability insurance requirements.