Articles19 found

An article on the prohibition of insider trading and when data will be deemed insider data when it is uncertain at the time of disclosure. The article was written by advocate Adi Marcus of Afik & Co.

An article on the ability to prevent a shareholder or director from voting on decisions where his manner of voting against the decision is clear in advance. The article was written by Doron Afik, Esq. of Afik & Co.

An article on the importance of due care when procuring a D&O insurance and the required use of a lawyer and insurance broker with expertise in the field. The article was written by Doron Afik, Esq. of Afik & Co. and Elad Tubol, Adv. of the Howden Israel Group

An article on IPOs and SPAC mergers of Israeli company outside of Israel. The article was written by attorney Shelly Wilner of Afik & Co.

An article about the importance of legal advice from an experienced lawyer who knows all the facts and when a legal opinion will have any meaning at all. The article was written by Doron Afik, Esq. of Afik & Co., Attorneys and Notary.

It was the Israeli Securities Authority that hurried to act to cancel the erroneous Tel Aviv Court holding given in May, 2021, which applied the Israeli rules to an Israeli company also traded on the Nasdaq. It seems that the Israeli Securities Authority too understands that that is clear to many Israeli companies choosing to […]

An article dealing with the issue of at what stage do ambitious presentations designed to bring investors to a start-up cross the line and become a criminal misrepresentation. The article was written by Doron Afik, Esq. of Afik & Co., Attorneys and Notary.

An article on taking a company public by a merger with a SPAC - the relatively new fashion on stock exchanges. The article was written by Tomer Horowitz, Adv. of Afik & Co.

An article on the issue of IPOing and Israeli company on a foreign market (e.g. in Australia, Singapore or Nasdaq Nordic) and whether to list the Israeli company or a special purpose vehicle (SPV).

An article on the acknowledgement of the Australian Stock Exchange (ASX) of the Tel Aviv Stock Exchange (TASE) for dual listings purposes.

The ASX has announced that it is planning to launch a new technology index in February, 2020, giving Australia what some industry players have called a smaller version of the NASDAQ-100 index. This new index, to be named the S&P/ASX All Technology Index (XTX) (All Tech), is intended to give greater visibility and clarity to […]

The ASX has finalised its amendments to the ASX Listing Rules after considering the responses to its November 2018 consultation paper: “Simplifying, clarifying and enhancing the integrity and efficiency of the ASX listing rules”. For small cap “start up entities”, material additions and amendments to ASX Listing Rules, which take effect from 1 December 2019, […]

There are many measures of success for initial public offerings (IPOs). First and foremost is completing the deal and raising the intended proceeds. From the perspective of remaining and new shareholders, however, the subsequent short-term trading performance is more often seen as the measure of a good IPO as opposed to a bad IPO. For […]

Each ASX listed entity is required to include in its annual financial report a corporate governance statement stating that it complies with the Corporate Governance Principles and Recommendations published by the ASX, or explains why it does not. With the 4th edition of such principals, published on February 2019, to apply as of January 2020, […]

In 2017 the Afik&Co. law firm took upon itself to promote the Israel-Australia trade relationship and join the amazing work done for decades by the Australia-Israel Chamber of Commerce. Afik & Co. does that in cooperation with Australian law firms and with Israeli and Australian accounting firms, including the national Australian law firm of Hall […]

The greatest fear of any listed company, especially one undergoing a period of distress, is being delisted prior to finalisation of a transaction that will ensure its re-listing. Such an outcome generally becomes the end point for the company, at least for its then current management, as I learnt in over 20 years of experience […]

When in Rome do as the Romans do. In Australia, behave like an Australian! When I flew to Australia about 10 days ago with a new Israeli company seeking to go public on the ASX, I was requested to explain why the 18th listing of an Israeli company in Australia (Security Matters Ltd., successfully listed […]

July 28, 2016     SEC Increases Dollar Amount Threshold Test for “Qualified Clients”   Section 205 of the Investment Advisers Act of 1940, as amended (the “Advisers Act”) prohibits a registered investment adviser (“RIA”) from receiving performance-based compensation from clients. Rule 205-3 (the “Rule”) under the Advisers Act exempts from this prohibition clients that are […]

SEC Adopts Final Crowdfunding Rules   On October 30, 2015, the Securities and Exchange Commission (“SEC”) voted to adopt final rules – Regulation Crowdfunding1 – to implement the crowdfunding provisions of Title III of the Jumpstart our Business Startups Act of 2012 (the “JOBS Act”). Regulation Crowdfunding relates to new section 4(a)(6) of the Securities […]