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

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 […]

The Israeli Securities Authority declared a public company which business activity had ceased as a “shell company,” which led to its inclusion on the conservation list and that a purchaser who sought to include private activity in the remaining shell company would not be able to do so.  The purchaser opposed the company’s inclusion on […]

People operated a computerized trading platform that enabled investors to trade with it in a contract for differences – a financial instrument which value derives from the price of the underlying asset, as determined by the trading platform itself. The lack of license for the trading platform was not disclosed to the investors, and they […]