News & Publications

Tenders –The Lowest Bid Question

August 2011

The field of tenders attracts the eyes and pockets of many factors in the business sector, whereas it holds most valuable business opportunities. Notwithstanding, whoever enters the field of tender laws, is bound to soon discover that issues and rules that appear evident at first glance, are realized in gray tones. In this article we will attempt to shed light on one of the central and fascinating issues in the field of tender laws, the question of the lowest bid – does it always prevail?  

Amendment No. 16 to the Companies Law - Making the process of performing a Full Purchase Offer more flexible

August 2011

 

Amendment No. 16 to the Companies Law, which recently entered into force, changes many arrangements in the field of the corporate governance of public companies. In this article, we chose to focus on one of the arrangements as specified in the amendment, which is more hidden from the spotlight, but is most significant for owners of controlling interest in public companies who seek to write off securities of a public company from trade and to turn it into private. Such alteration is an amendment that benefits such owners of controlling interest (or any other offeror) who approach the minority shareholders in the framework of a full purchase offer.

Forbidden Games - Do the ends justify the means?

August 2011

 

The online gambling industry is one of the flourishing industries on the internet currently, rolling billions of dollars annually. The combination of gambling and the internet, being a virtual arena, places new challenges for the law. In view of the legislator's silence regarding these gambling sites, the Israeli courts tend to respond to online gambling through stringent interpretation of the current law. In this article, we will present the existing legal situation, in light of which the players of this arena should adjust themselves, alongside a few words that express our stand in relation to the stringent interpretation of the courts in Israel of the legal provisions and their implications on the field of online gambling.

"The Angels Law" – A fly in the ointment?

July 2011

In light of the decrease in "seed" investments in recent years, the Israeli Ministry of Finance initiated the Economic Policy for 2011-2012 Law (Legislative Amendments), 5771-2011, also known as "The Angels Law", which was legislated as a temporary order and came into force in January 2011.

European Directives - A warning Signal to both Exporters and Importers Alike

April 2011

European Directives are legal regulations that were formulated by the EU institutions for the purpose of promoting legislative harmonization between EU countries in a variety of subjects. Such directives may apply, sometimes in a manner that may not be stipulated, also on dealings and interactions between Israeli and European companies, and for this reason it is important to familiarize one's self with them. In this article we chose to focus on the Computer Programs Directive which deals with the legal protection of computer programs, including End User Licensing Agreements (EULA).

Real Estate Investment Trust (REIT)

April 2011

The Promise that failed but will perhaps succeed in future

Real Estate Investment Trusts (REIT), which have been successfully implemented abroad for many years, incorporate, among other things, economic benefits to the capital market, the real estate market and to private and institutional investors. In this article, we will explain what REITs are, what advantages they offer, their implementation in Israel, recommendations for improvement of the existing model, and how this financial tool may be employed in order to significantly stabilize the Israeli real estate market.

Public Issue of R&D Companies - Closer Than Ever

April 2011

The financing problem by which technology companies in general and startup companies in particular are troubled is known to all, especially due to the fact that during the early stage of their existence, their revenues are relatively low while their expenses increase on a regular basis. In light of such difficulties, and as a result of difficulties in obtaining bank financing and other funding of significant scale, the Tel Aviv Stock Exchange has set forth a set of regulations designed to mitigate the procedure required for issuance of an initial Public Offering (IPO) of shares by R&D companies (research and development).

A brief discussion about the Madrid Protocol

February 2011
The Madrid Protocol, which regularizes international registration of trademarks, came into force in Israel on September 2010.

Amendment No. 2 to the national TAMA 38 plan – pros & cons

27 December 2010

In accordance with Amendment No. 2 to the national plan, a building could be destroyed and rebuilt, while receiving rights for additional floors as set by the TAMA 38 plan. 

A long-term operational lease agreement of hotel in Eilat owned by Africa Hotels Group (Holiday Inn)

November, 2010

"Dror Hotels Management", owned by Mr. Dror Goldstein has signed with Africa Israel Hotels ("AFI Hotels") an operational lease agreement regarding "Express Beat Hotel" in Eilat, which consists of approx 215 room and additional areas. 

EKW represented private investor in a private placement transaction

January, 2010

EcoCycle Israel Ltd., the controlling company of L.N. Innovative Technologies Ltd.

"A way of reducing pressure"

July 2010

A brief discussion in the venture capital field, suggesting a different outline of modest initial raisings, instead of turning to venture capital funds.

EKW represented the well experienced businessman Mr. Shimon Shitrit

May 2010
EKW represented the well experienced businessman Mr. Shimon Shitrit in his investment

A brief discussion about the problems concerning purchase groups and their solutions

December 2009

Please see below a link to an article by Adv. Tsippy Bengi from EKW regarding the problems which may arise with respect to purchase groups, and suggestions for solutions (Hebrew).

EKW represented Mr. Haim Salami in Holitel Siesta Eilat and Tsell Harim Hotels' lease agreements

August, 2009
EKW attorneys Hezi Kattan and Tsippy Bengi represented Holitel Hotels Ltd.

EKW represented Ad Fuse Technologies in a private placement transaction

March 31 2009

EKW attorneys Hanan Efraim and Sharon Dueck-Levy represented Ad Fuse Ltd., a start-up company operating

Investment through a loan

January 2009

A brief discussion about the current trend in the venture capital field by which one should invest in a company through a loan, other than through shares purchase.

Efraim Kattan Weinstein enters New Offices

October 01 2008
On October 1, 2008 Efraim Kattan Weinstein Law Offices moved into their new spacious offices which spread over the fourth and fifth floors of Yavne Bldg., at 30 Yavne St., Tel Aviv.

Efraim Kattan Law Offices merge with Chen Weinstein Law Offices. New firm to be called Efraim Kattan Weinstein Law Offices

September 23 2008

We are glad to announce the merger of Efraim Kattan Law Offices with Chen Weinstein Law Offices, which shall be called "Efraim Kattan Weinstein Law Offices".

EKW represented Easy Sut Ltd. in a private placement transaction

August, 2008
EKW attorneys Hanan Efraim and Tsippy Bengi represented Easy Sut Ltd., a start-up company operating in the field of medical devices