Amendment of the payment limit to an external director in public companies

A public company sought to reach an arrangement with warrant holders to extend their exercise period and petitioned for relief. The Court granted the motion and approved the arrangements reached by the public company with the warrant holders.  Under the Israeli law, a company wishing to reach a compromise or arrangement, including with warrant holders, […]

A public company which shares were suspended from trading on TASE due to non-publication of financial statements petitioned at the last minute against the transfer of its shares to the maintenance list after the three months of suspension had lapsed.  The company sought a short delay contending that the statements would be published soon, but […]

After the general assembly of shareholders in a public company rejected the decision of the compensation committee and the board of directors of the company to grant the CEO a special bonus that deviates from the company’s compensation policy, the bonus was approved via an “overruling” decision. The Court dismissed the company’s motion for summary […]

The Israeli Securities Authority contended that a listed company breached its reporting obligation because it did not report to the public a breach of a loan agreement to a third party, where interest on the loan was not paid and it also did not repay another small loan given to it.  However, the agreement included […]