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  • Article

    Validity Of Non-Compete Provisions In Articles Of Association

    A company's Articles of Association contained a non-compete provision prohibiting shareholders from conducting business with the company's customers in the company's field of business.
    IsraelCorporate/Commercial Law
    Sharir, Shiv & Co. Law Offices
    Sharir, Shiv & Co. Law Offices
  • Article

    New Income Tax Ordinance Regulations / Employee Options – Involuntary Sale

    As part of new Income Tax Ordinance Regulations published on November 1, 2017, it was determined that an "involuntary sale" of employee options granted pursuant to Article 102 of the Income Tax Ordinance ...
    IsraelTax
    Sharir, Shiv & Co. Law Offices
    Sharir, Shiv & Co. Law Offices
  • Article

    Advance Notice Of Dismissal Following An Asset Deal

    The Court noted that employers wishing to avoid payment in lieu of advance notice simply need to provide appropriate advance notification.
    IsraelEmployment and HR
    Sharir, Shiv & Co. Law Offices
    Sharir, Shiv & Co. Law Offices
  • Article

    Jurisdiction And Choice Of Law For International Companies Marketing Products Or Services In Israel

    The fact that a company's activities are provided primarily through the internet does not grant immunity from litigation in the Israeli courts or from Israeli law.
    IsraelLitigation, Mediation & Arbitration
    Sharir, Shiv & Co. Law Offices
    Sharir, Shiv & Co. Law Offices
  • Article

    Personal Jurisdiction By Serving Officers Of Foreign Companies In Israel

    The District Court of Tel Aviv recently held that the Israeli courts gained jurisdiction when a statement of claim was served in Israel on the vice-president of a foreign company.
    IsraelCorporate/Commercial Law
    Sharir, Shiv & Co. Law Offices
    Sharir, Shiv & Co. Law Offices
  • Article

    Representation Not Included In An Investment Agreement Does Not Create A Right Of Action

    Therefore, the defendants argued, the representations at issue were not binding on the parties.
    IsraelCorporate/Commercial Law
    Sharir, Shiv & Co. Law Offices
    Sharir, Shiv & Co. Law Offices
  • Article

    Supervision Of Financial Services

    On July 18, 2016 the Knesset approved a new law, the Supervision of Financial Services, 2016.
    IsraelFinance and Banking
    Sharir, Shiv & Co. Law Offices
    Sharir, Shiv & Co. Law Offices
  • Article

    District Court Of Tel Aviv / Option Grant Costs Under "Cost+" Arrangements

    The District Court of Tel Aviv recently held that the cost of grants of options to purchase shares in a parent company pursuant to Section 102 of Israel's Income Tax Ordinance were to be considered "costs" ...
    IsraelEmployment and HR
    Sharir, Shiv & Co. Law Offices
    Sharir, Shiv & Co. Law Offices
  • Article

    District Court Of Tel Aviv / Personal Jurisdiction By Serving Officers Of Foreign Companies In Israel

    The District Court of Tel Aviv recently held that the Israeli courts gained jurisdiction when a statement of claim was served in Israel on the vice-president of a foreign company.
    IsraelLitigation, Mediation & Arbitration
    Sharir, Shiv & Co. Law Offices
    Sharir, Shiv & Co. Law Offices
  • Article

    Option Grant Costs under "Cost+" Arrangements

    The Court pointed to case law holding that there is no requirement that payments be classified in the same manner by both payor and payee, or in this case, by both employer and employee.
    IsraelTax
    Sharir, Shiv & Co. Law Offices
    Sharir, Shiv & Co. Law Offices
  • Article

    Option Grant Costs Under "Cost+" Arrangements

    The Court pointed to case law holding that there is no requirement that payments be classified in the same manner by both payor and payee, or in this case, by both employer and employee.
    IsraelTax
    Sharir, Shiv & Co. Law Offices
    Sharir, Shiv & Co. Law Offices
  • Article

    District Court / Application Of Anti-Dilution Protection Provision

    In this ruling, the District Court rejected a demand to apply an anti-dilution price protection mechanism.
    IsraelCorporate/Commercial Law
    Sharir, Shiv & Co. Law Offices
    Sharir, Shiv & Co. Law Offices
  • Article

    Tax Benefits For Controlling Shareholders Of R&D Companies That Will Be Undergoing An IPO In Israel

    This effectively provides the controlling shareholder with the same tax benefits available to other employees.
    IsraelCorporate/Commercial Law
    Sharir, Shiv & Co. Law Offices
    Sharir, Shiv & Co. Law Offices
  • Article

    Post- Merger Integration Dismissals

    In the present case, the plaintiff employee was employed by an Israeli private company prior to the company's merger with a US public corporation.
    IsraelEmployment and HR
    Sharir, Shiv & Co. Law Offices
    Sharir, Shiv & Co. Law Offices
  • Article

    Founder Rights To Intellectual Property

    Without exclusive ownership of intellectual property, a start-up would not have any value and would not be successful in raising capital.
    IsraelIntellectual Property
    Sharir, Shiv & Co. Law Offices
    Sharir, Shiv & Co. Law Offices
  • Article

    Standard Of Liability For Failure To File An Immediate Report

    The lower court had denied the applicants' request for a class action suit, and the present case was their appeal of that decision.
    IsraelLitigation, Mediation & Arbitration
    Sharir, Shiv & Co. Law Offices
    Sharir, Shiv & Co. Law Offices
  • Article

    Reliance On Pre-Rulings From The Israel Securities Authority

    The Court held that as a matter of policy it is appropriate to recognize reliance on ISA Pre- Rulings.
    IsraelCorporate/Commercial Law
    Sharir, Shiv & Co. Law Offices
    Sharir, Shiv & Co. Law Offices
  • Article

    Supreme Supreme Court / Extraterritorial Service Of An Application For The Approval Of An Arbitration Award

    The Israeli Supreme Court ("Supreme Court") held by a majority opinion that extraterritorial service of an application for the approval of an Israeli arbitration award based upon an arbitration clause...
    IsraelLitigation, Mediation & Arbitration
    Sharir, Shiv & Co. Law Offices
    Sharir, Shiv & Co. Law Offices
  • Article

    Tel Aviv District Court – Economic Division / "Enhanced Business Judgment" Test

    The Tel Aviv District Court – Economic Division ("Court") considered what circumstances warrant court interference in decisions of a company's board of directors.
    IsraelCorporate/Commercial Law
    Sharir, Shiv & Co. Law Offices
    Sharir, Shiv & Co. Law Offices
  • Article

    Realization Of Security Interests When Debtor Is In Insolvency Proceeding

    The Supreme Court reviewed a distinction developed over the years in the lower instance District Court decisions.
    IsraelInsolvency/Bankruptcy/Re-Structuring
    Sharir, Shiv & Co. Law Offices
    Sharir, Shiv & Co. Law Offices

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