JD Supra Israel

Publisher:
JD Supra
Publication date:
2019-04-29

Publisher

Latest documents

  • Establishing A Business Entity In Israel (Updated)

    While there are a few different forms of “corporate” entities in Israel, this guide will focus on companies and partnerships as these are the entities that the non-Israeli businessman is most likely to set up or invest in if they are inclined to penetrate the Israeli market directly (rather than by working through an agent, distributor, etc.). The end of the guide will take a very brief look at the other kinds of entities that exist in Israel... Types of Business Entities - Companies - Israeli companies generally limit the liability of the shareholders for the debts and obligations of the company. The precise form of the limitation of liability is set out in the company’s articles of association. Normally, liability is limited to the subscription price of the shares held by the shareholders. It is possible for an Israeli company to decide not to limit the liability of its shareholders, but this is very rare and will not be considered further. There are private companies, which are companies whose shares cannot be publicly traded and public companies whose shares may be publicly traded on recognized stock exchanges, subject to applicable securities laws. The organs of an Israeli company are the general meeting of its shareholders and the board of directors. The most significant document of corporate governance for Israeli companies is the articles of association. Israeli companies formed after 1999 do not have a memorandum of association. Please see full Chapter below for more information.

  • Employers: Coronavirus Restrictions Have Expired

    On June 1, 2021, the regulations that guided the conduct of workplaces during the coronavirus crisis expired. Accordingly, from this day forward, there is no longer a requirement to operate in accordance with the green tag or purple tag directives in the workplace. At this stage, holding gatherings, professional trainings, and group meals at the…

  • Rules and Conditions for SPAC Issuances in Israel

    Over the past year, raising capital through SPACs (special purpose acquisition companies) has become a hot trend on Wall Street. A SPAC is a company with no business operations formed solely to raise capital through an IPO for the purpose of acquiring an existing business. While only one SPAC launched an IPO in 2009, a…

  • How Much Is Your Invention Worth or How Much Should You Pay to License Inventions?

    Licensing agreements are the cornerstones of technology companies based on intellectual property. A licensing agreement is a legal contract between two parties, known as the licensor and the licensee. The licensor provides the licensee a right to use and a limited license, while the licensee accepts a series of conditions related to use of…

  • Five Key Points on Capital Raising for Hedge Funds

    The cornerstone of a successful hedge fund is a successful investment strategy. That is self-evident. However, if the managers of the potential hedge fund are not successful in raising capital, this potential will never be tested or realized. We list below the five key points we believe hedge fund managers should take into account when…

  • International Commercial Arbitration Bill

    The commercial business world is a global one, and so are the disputes that arise within it. Such disputes are adjudicated in courts in various countries or in arbitration proceedings, with each procedure regulated under relevant domestic legislation. (For example, the Israeli Arbitration Law regulates Israeli arbitration proceedings.)

  • Prenuptial Agreements - New Israeli Supreme Court Ruling

    Up until now, the Israel Tax Authority interpreted the Real Estate Taxation Law so that spouses who signed a prenuptial agreement and maintained separate property were considered a single family unit for the purposes of real estate tax. Furthermore, it imposed on such a couple the burden of proving it was maintaining separate property. The Israeli Supreme Court’s latest ruling in this regard attempts to adapt the law to reality and is not sparing in its criticism of the ITA’s…

  • Public Companies without a Controlling Shareholder: A new amendment

    In recent weeks, the Israeli Ministry of Justice published a memorandum proposing an amendment to the Companies Law, focusing on the corporate governance regime in public companies without a controlling shareholder.

  • 2021: Trends in Regulatory Compliance and Risk Management

    2020 was a particularly challenging year due to the coronavirus pandemic. For corporate risk managers and compliance officers, the year posed additional challenges. Organizations had to contend with an alarming rise in cyberattacks, supply chain constraints, employee health and safety, corporate governance and compliance, and diverse risks relating to or deriving from various content worlds.…

  • Five Things You Didn’t Know about Impact Investing

    In the last decade, impact investments have become an international trend to address global challenges in the areas of environment, welfare, health, employment, and education.   In light of the development of the impact investments’ field, we recommend familiarizing yourself with several terms that may help when examining investments in general and impact investments in…

Featured documents

  • Trends in Legal Terms in Venture Financings in Israel - First Half 2014

    Background — We have analyzed the terms of venture financings for Israeli and Israeli-related technology companies that reported raising money during H1 2014. Our survey does not include financing rounds of less than US $500,000. The tables below also show, for purposes of comparison, the results...

  • Trends in Legal Terms in Venture Financings in Israel - Full Year 2016

    Background — We have analyzed the terms of venture financings for Israeli and Israeli-related technology companies that reported raising money during the year 2016. Our survey does not include financing rounds of less than US $500,000. The tables below also show, for purposes of comparison, the...

  • Managing the Risks of Cross-Border Investigations for Israeli Businesses

    Enforcement Efforts Are Increasingly International - White collar investigations and prosecutions, notably those initiated by American authorities, have become increasingly international, reaching far beyond the borders of the United States. The U.S. Department of Justice (“DOJ”) has promised...

  • The Difference between a Distributor and an Agent in the Law's Eyes

    Do you sell, market, or distribute someone else’s goods in Israel? Your role, whether as a distributor or as an agent, affects the rights you are entitled to by law. If you act as a commercial agent and not as a distributor, the statutory provisions that protect commercial agents upon severance...

  • New Restrictions on Hedge Funds in Israel

    The Israel Securities Authority recently published a staff position that has material implications on the hedge fund sector in Israel and on the investor public. This position was issued against the backdrop of a judgment handed down by the Tel Aviv District Court in the Integral Fund case – a...

  • Latest Developments in the Israeli Payments Market

    The Bank of Israel recently led several important developments in the Israeli payments market. These developments are designed to encourage competition in the payment services market and to advance the implementation of innovative technologies....

  • Contractual Obligations during the Coronavirus Outbreak

    The coronavirus outbreak has stricken us all by its brutal implications on our daily lives. Alongside the invasion of personal space, the virus’ effects have not spared the business arena, and the ability of both businesses and individuals to meet their contractual obligations is also in question....

  • Taxation of Hedge Funds in Israel – A Short Guide to the Perplexed

    Hedge funds are generally entities that are managed by investment managers, in accordance with certain investment strategies, in order to invest in financial assets and generate returns for the hedge funds’ investors....

  • Israel and the UAE: An historic opportunity

    On 28 August 2020, President His Highness Sheikh Khalifa, President of the United Arab Emirates (the UAE), issued Federal Decree Law Number 4 of 2020, abolishing a ban on business and trade dealings with Israel that had stood since 1972. In doing so, the UAE has become the first Gulf nation to...

  • Repurchasing of Shares Is Not a Tax Event for Remaining Shareholders

    In a bold step, the Haifa District Court rejected the Israel Tax Authority’s position on a company’s repurchasing of shares, and in effect split with a ruling of the Tel Aviv District Court, who considered a similar issue several years ago....

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