February 17th, 2010
Posted by: Yaacov Yisraeli
Today’s world is online, that is where professionals, clients friends and other curious people can connect, where business is done and where relevant information can be exchanged. We are privileged to be the first Israeli law firm to harness this amazing asset called social media and blogging in order to provide clients and friends with timely and relevant information in regards to cross border business transactions.
Due to the increasing globalization phenomena of the world’s economy, the frequency and complexity of cross border transactions has grown. Although the world is becoming smaller, in the sense of information flow via internet, there is more information out there and a better business and cultural understanding is needed. Whether an Israeli client is seeking to establish or expand presence in a foreign market, or a foreign client is seeking business investments in Israel, there is more need than in the past for legal experience and expertise to avoid painful mistakes.
This blog, titled Israeli Cross Border Transactions, raises important issues in various related topics that should enrich the business and cultural understanding, as well as practical information and up to date posts. The posts featured will allow our legal experts to share some of their knowledge and experience. Moreover, we are opening a communication channel that will enable us to better learn your needs, thus better answer your questions and help point you in the right direction when it comes to Israeli cross border transactions.
The blog is unique in a way that it will give you a better understanding of various aspects related to Israeli cross border transactions. Since it is the first of its kind, I would like to ask you to respond, provide us with your comments, share your thoughts and be an integral part of this communication stream.
Posted in Israeli Cross Border Transactions | 2 Comments »
February 16th, 2010
Additional comfort for foreign investors – the Israeli legislator is promoting the establishment of an “economic court” to focus on financial cases.
Posted by: Gadi Ouzan & Dani Rinot
In an effort to improve enforcement of financial related cases in Israel, the Israeli legislator is attempting to establish an “economic court” aimed to address the complexity which very often accompanies cases of this sort. The Government of Israel has recently passed a Bill in first reading, pursuant to which an economic division will be established only within the District Court in Tel Aviv and will handle cases with an economic orientation. The economic division will be comprised of a permanent panel of judges which will preside over such cases, thus allowing them to acquire a sense of proficiency in this field.
Specifically, the “economic court” will focus on civil and criminal cases relating to securities laws, the Companies law, petitions and appeals on decisions of the Tel Aviv Stock Exchange, derivative actions, certain class actions, regulation of financial advisors, civil matters in relation to shareholders’ rights and duties, etc.
Among other reasons, this reform comes as a response to the recent acquittals in several securities cases, in connection to which critics have argued, were the result of the lack of expertise of certain judges in financial matters.
The expectation is that this novel court will create a preeminent proficiency of those judges in financial matters, and thus eventually lead to shortening the duration of judicial procedures, increase the credibility of the judicial system and ultimately enhance market efficiency. Another aspired outcome is that the perfection of Israeli courts in financial disputes will mitigate some of the concerns of foreign investors from investing in Israel, similar to the affect the Delaware courts had on the State of Delaware turning to a corporate haven.
Although opposition to the establishment of the economic court is growing amongst justice officials, it still remains to be seen what the final legislation will entail and if it will succeed in improving financial enforceability in Israel.
Posted in Commercial Topics Related to Doing Business in Israel | 10 Comments »
February 15th, 2010
Posted by: Amit Ben-Yehoshua
Are you an entrepreneur ? If you reached my blog, you probably have been thinking of China. If not, it is time that you do. China, the Middle Kingdom, is the center of trade, with an amazing unprecedented growth. The opportunities that are offered in China are exceptional, but with those opportunities there are many pitfalls that you must be aware of. Before you do business in China, you better learn how to Dance with the (Chinese) Dragon. So let’s dance…
I personally Dance with the Dragon since 2006. After practicing law in Israel and California I decided that it is time to leave California and to personally meet the Dragon. Since I am an international lawyer (licensed in California and Israel) I figured that, as safety precaution, it would be wise to learn Chinese law so I can properly greet the Dragon and persuade him of my legal rights in case of need. My darling wife agreed to join me in this Chinese venture and with our baby daughter we started learning basic Chinese. We arrived safely to Beijing where I completed a Master in Chinese law at Tsinghua University of Beijing. Since than I am Shibolet’s China Partner and eat Chinese food daily.
About Dancing with the Dragon
Dancing with the Dragon will focus on legal and business prospective of doing business with China. We will update you about the fundamentals of Chinese law and hope to be your China Hand. This week, over 1.3 billion Chinese, will celebrate the Spring Festival, which is the Chinese New Year. We will depart from the Year of the Ox and will welcome the Year of the Tiger. It is customary in China to wish to each other a prosperous year – or as we say in Chinese – Gong Xi Fa Cai – 恭喜发财！！！
Posted in Dancing With The Dragon - International Business from Chinese Law Prsopective | 8 Comments »
