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Together is global

Capital Markets / Foreign Stock Exchanges

Barnea provides expert legal advice in the various issues encountered by Israeli companies traded on foreign stock exchanges (particularly in the US and the UK) and foreign investors with holdings in Israeli public companies. The firm recently handled a precedent-setting case whereby a foreign company that was traded on the Tel-Aviv Stock Exchange undertook the process of delisting from two stock exchanges in a transaction valued at NIS 350 million.

The firm’s services include coordinating the ongoing reports to the various stock exchanges, representing clients before securities authorities and other agencies, double listings, compliance with ongoing reporting requirements in two markets and more.

 

The team working in this practice area is highly familiar with the existing regulatory requirements in the capital markets in the various countries and has extensive experience integrating these requirements and the company’s requirements under Israeli law. Furthermore, Barnea has strong working relationships with law firms and investment banks operating outside of Israel, which allows the firm to provide comprehensive legal counsel.

 

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News and updates - Capital Markets / Foreign Stock Exchanges:


June 4, 2018

Israeli Court Scrutiny Over Decisions of a Board of an Israeli NASDAQ Traded Company in a Proxy Fight

Recently, a four month proxy fight over control of an Israeli incorporated NASDAQ traded company was settled, following a series of proceedings held before the Tel Aviv District Court. At a crucial juncture, the Tel Aviv Court was asked to issue a temporary injunction over a transaction initiated by the board, which included a highly dilutive (24.9%) issuance of shares.

May 13, 2018

Check-Cap Ltd. Completes Public Offering on NASDAQ

Barnea represented the US underwriter H.C. Wainwright Co., LLC in the public offering transaction issued by Check-Cap Ltd. via a prospectus on NASDAQ. Check-Cap Ltd. raised $20.2 million in gross proceeds, including in the exercise of an overallotment option, in shares and warrants. Check-Cap Ltd., an Israeli clinical-stage medical diagnostics company, is developing C-Scan®, a capsule-based system for preparation-free colorectal cancer screening.

November 20, 2017

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

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.

Capital Markets / Foreign Stock Exchanges

Barnea provides expert legal advice in the various issues encountered by Israeli companies traded on foreign stock exchanges (particularly in the US and the UK) and foreign investors with holdings in Israeli public companies. The firm recently handled a precedent-setting case whereby a foreign company that was traded on the Tel-Aviv Stock Exchange undertook the process of delisting from two stock exchanges in a transaction valued at NIS 350 million.

The firm’s services include coordinating the ongoing reports to the various stock exchanges, representing clients before securities authorities and other agencies, double listings, compliance with ongoing reporting requirements in two markets and more.

 

The team working in this practice area is highly familiar with the existing regulatory requirements in the capital markets in the various countries and has extensive experience integrating these requirements and the company’s requirements under Israeli law. Furthermore, Barnea has strong working relationships with law firms and investment banks operating outside of Israel, which allows the firm to provide comprehensive legal counsel.

 

Back to Capital Markets

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P. Banking & Finance, Capital Markets, Regulation

News and updates - Capital Markets:


June 4, 2018

Israeli Court Scrutiny Over Decisions of a Board of an Israeli NASDAQ Traded Company in a Proxy Fight

Recently, a four month proxy fight over control of an Israeli incorporated NASDAQ traded company was settled, following a series of proceedings held before the Tel Aviv District Court. At a crucial juncture, the Tel Aviv Court was asked to issue a temporary injunction over a transaction initiated by the board, which included a highly dilutive (24.9%) issuance of shares.

May 13, 2018

Check-Cap Ltd. Completes Public Offering on NASDAQ

Barnea represented the US underwriter H.C. Wainwright Co., LLC in the public offering transaction issued by Check-Cap Ltd. via a prospectus on NASDAQ. Check-Cap Ltd. raised $20.2 million in gross proceeds, including in the exercise of an overallotment option, in shares and warrants. Check-Cap Ltd., an Israeli clinical-stage medical diagnostics company, is developing C-Scan®, a capsule-based system for preparation-free colorectal cancer screening.

November 20, 2017

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

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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