Egged Public Transportation Company (“Egged”) has had a planned NIS350 million dividend to shareholders approved by the Tel Aviv District Court. The company had submitted a request to the Economic Department in the Tel Aviv-Yafo District Court to have the distribution of the dividend approved, in accordance with the provisions of Section 303 of the […]
Author: Idan Nishlis
Israel-based BioLineRX, a biopharmaceutical company traded in both Israel and the U.S., has announced a USD6m registered direct offering, with the transaction led by Greenberg Traurig. Tel Aviv shareholder Gary Emmanuel, with support from Devora Snyder-Shefer and Michael Soumas, advised the company, which is in the commercial stage and is pursuing life-changing therapies for certain cancers and rare diseases.
Guesty, the leading property management software platform for the short-term rental and hospitality industry, has raised USD 130 million via a Series F funding round led by leading global investment firm KKR. Inovia Capital, together with existing investors Apax Funds, BDT & MSD Partners and Sixth Street, also joined the round, extending their support following […]
McDonald’s has taken the decision to buy back its Israel franchise after fallout from the pro-Palestinian boycott against the fast food chain. Agmon with Tulchinsky represented Omri Padan, who had held the McDonald’s Israel franchise for 30 years and built a chain of 225 outlets with 5,000 employees. The lawyers acting on the deal included […]
Israeli data security company Cyera has announced the completion of a USD300 million financing round at a company valuation of USD1.4 billion. The financing round was led by Coatue with the participation of new investors AT&T, Spark Capital and Georgian, and existing investors RedPoint, Accel, Sequoia and Cyberstarts. This brings to nearly USD500 million the total amount […]
Welcome to the 5th edition of The US-Israel Legal Review, brought to you by Global Legal Media and Nishlis Legal Marketing. As our front cover headline encapsulates, Israel is currently undergoing unprecedented challenges. Yet Israel and its economy remain resilient, and both have the unstinting support of the United States, Israel’s largest defence and trading […]
Israel Competition Authority commissioner Michal Cohen has informed the five big banks – Bank Leumi, Bank Hapoalim, Israel Discount, Bank Mizrahi Tefahot Bank, and First International Bank of Israel – that she plans to declare them a concentration group in retail banking. She intends to impose orders on them in the field of deposits. For more on this, read the article […]
There is definite scope for improvement and opportunity after an updated report from the Bank of Israel revealed Israel’s lag in competitiveness and innovation in the construction sector compared to other developed nations. Despite its moniker as the Startup Nation, Israel falls significantly below the OECD average in this sector. Read more in the Jerusalem Post.
A recent study conducted by Google for Startups and the IVC Research Center has shown that start-ups with women among their founders have a greater chance of success and survival than those with an all-male team. Having a woman on the founding team makes a start-up company more resilient in terms of its survivability rate […]
The EU has announced investigations into some of the biggest tech firms in the world over uncompetitive practices. Meta, Apple, and Alphabet, which owns Google, are being looked into for potential breaches of the Digital Markets Act (DMA) introduced in 2022. If they are found to have broken the rules, the firms can face huge […]
