The Legal 500

Environmental policy and regulation in Israel have developed significantly over the course of the past several years. After decades of what may be considered as regulatory standstill, Israeli environmental regulation has taken a tremendous leap forward. Numerous environmental matters, some of which were not previously regulated and others which were subject to outdated standards, have been revised and updated through new comprehensive statutes, innovative regulations and professional guidelines.

Following on from the Government's decision to adopt the recommendations of the Committee for Increasing Competition in the Marketplace, the Government published last week a Memorandum on the Law for Promotion of Competition and Reduction in Concentration, 5772-2012. The Memorandum aims at providing a statutory framework for implementing the recommendations of the Committee.

Corporate and Securities Law

Committee on Concentration Submits Final Proposals

Jacobs, Natalie, PARTNER

Wildes, Perry , PARTNER 

On February 27, 2012, the Agency Contract Law (Commercial Agent and Supplier), 5772-2012 (hereinafter: the “Law”) was published. The Law shall enter into force 60 days from the date of publication.

Is your business involved in international trade? If the answer to this question is a resounding “YES”, then it might well be time for your business to prepare and adopt a code of conduct that includes procedures to detect and prevent bribery of foreign government officials. The day is coming when not having such a code will be a bar to entering many different lucrative markets and will place you and your business in danger of breaking the law.

Commencing December 15, 2010, a Financial Court has been operating in Israel as the financial department of the District Court in Tel-Aviv. The Financial Court was established according to the Courts Law (Amendment no. 59), 2010 and was founded at the inspiration of the ״Court of Chancery״ operating for many years in the State of Delaware in the U.S., which deals largely with corporate issues and is responsible for developing the case law on corporate matters.

Any Initial Public Offering (IPO) can be challenging. In order to be successful, the IPO process requires organization, leadership, teamwork among the various players (the company, lawyers, accountants, underwriters etc.), hard work and creative thinking. When it comes to an IPO in Israel by a non-Israeli company, the importance of all of the above becomes acute. Understanding the unique challenges of floating a non-Israeli company in Israel can help ensure a more efficient process.

The judgment of the Supreme Court, which cancelled the establishment of private prisons in Israel, may well have brought satisfaction to all the human rights advocates in Israel – but it has dealt a critical blow to the business community, which ever since the Aprofim ruling has been living with the feeling of legal uncertainty. An even stronger blow has been dealt to the development of our worn-out infrastructures.