In this legal update we survey various issues relating to disclosure and reporting which arose last year in the judgements of the Economic Division of the District Court and in administrative decisions of the Securities Authority’s Administrative Enforcement Committee. Please find the full legal update here (Hebrew)
A legal update regarding a recent important decision of the Economic Division of the Tel-Aviv District Court, in which the Court ordered the dismissal of a motion to certify a claim as a class action which was brought against a foreign company that issued bonds in Israel and its officers. The Court dismissed the motion […]
Dear Clients and Colleagues, In this legal update we review recent enforcement developments in corporate and securities law: 1. The effectiveness of an internal corporate compliance plan as a factor in the decision not to criminally prosecute a company – The issue was dealt with in a guideline released by the State Attorney on its policies […]
Proposed Amendments to the TASE Bylaws to Allow Dual Listing of Foreign REITs The Tel-Aviv Stock Exchange (“TASE“) has recently announced proposed amendments to its Bylaws to allow the dual listing on the TASE of foreign Real Estate Investment Trusts (REITs). Currently, only entities that are organized as limited companies may dually list their shares […]
FBC represented Bezeq in a tender offer for its Series 7 publicly traded Bonds. Bezeq repurchased bonds in a total value of NIS 450 million under the tender offer.
FBC represented Generation Capital Ltd., Israel’s first listed energy & infrastructure fund, on its NIS 525 million offering of shares. The offering was conducted in a unique structure of an underwritten non-uniform offering. Several of Israel’s leading institutional investors participated in the offering. The offering was one of the largest equity offerings on TASE in […]
