Dear Clients and Friends,
As is done at the conclusion of every Jewish calendar year, the Israeli Supreme Court justices select the monumental cases of the recent year.
We are pleased to share with you that among such cases are several handled by our firm:
Our firm (a team led by Oded Revivo) represented the Mayor of the City of Bat-Yam in proceedings on precedential matters relating to the cancellation of the mayoral elections for the city. In the judgment, the Supreme Court made new and important rulings on the constitutional status of the right to vote in Israel. In the ruling, the Supreme Court also set new precedents regarding election laws.
Our firm (a team led by Dr. Gil Orion) represented the former controlling shareholders of Cohen Development , a TASE public company involved in gas exploration, in a class action filed following the acquisition of the controlling shares in the company by the Delek Group. The case raised fundamental and innovative questions in the field of securities and companies laws, inter alia, with respect to the concept of a “special purchase offer” (SPO), and specifically with respect to the question whether for the purpose of an SPO shareholders may be defined as “controlling shareholders” retrospectively, as well as with respect to the extent to which parties to an acquisition can rely on a pre-ruling of the Israeli Securities Authority, when considering the need for an SPO.
Our firm (a team led by Tamar Turjeman-Kedem and Ziv Schwartz) represented J. and E. Berman Ltd., one of Israel’s largest bread and pastry producers, in a case known as the “Bakeries Cartel”, whereby it was claimed that Berman and other large Israeli bakeries, and certain management members thereof, were involved in a restrictive arrangement and collaborated to raise bread prices.
Our firm (a team led by Shoney Albeck and Noa Barhum) represented Moshe Terry, the Finance Ministry appointed trustee in charge of IDB Development Corporation Ltd.’s shares in Clal Insurance Company, in the Motion before the Supreme Court in connection with the sale of certain Clal shares to a third party.
Our firm (a team led by Tsafrir Negbi) represented a client in a matter regarding the question of the extent of the duty to disclose by a public company of a drastic change in its investment policy than that described in its prospectus.
Congratulations to all.
