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Articles contributed by Gornitzky & Co
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.
As part of Israel's 60th anniversary, an extensive tax reform was recently enacted, making Israel an attractive tax jurisdiction for individuals becoming Israeli residents for tax purposes (whether arriving for the first time or returning to Israel after a certain period of time abroad). This brief memorandum introduces the primary tax benefits applicable to new and returning residents.
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.
In the modern world, there is a clear trend of increasing regulation. This is by no means an ideal situation as the regulations to a certain extent "appropriate" legislative powers from the legislative authority to the executive authority. But if even the Minister is unable to call the Regulator to order- this is a recipe for normative disorder. An article by Adv. Pinhas Rubin, Chairman of Gornitzky & Co., Israel.
Why Large-scale Infrastructure Projects are bogged down and how to free the Bottleneck. There is a high level of involvement of the courts in daily life in Israel. Almost every large-scale project, even though it may be backed by a plethora of detailed and lengthy contracts drawn up by teams of lawyers, eventually reaches the portals of the courts. An article by Adv. Moriel Matalon, Managing Partner of Gornitzky & Co., Israel.