New Leniency for Certain U.S.-Traded Companies
The full update is available through the PDF icon.
An article by Meitar partner, Or Baron Gil, addresses the key elements that will make your distribution agreement a good foundation for a successful commercial relationship.
The article was published at People & Computers Web Portal.
For the full article in Hebrew,
Meitar represented Magic Leap, a global virtual reality developer, in its acquisition of Northbit, an Israeli cybersecurity start up.
Meitar represented Oracle, a global computer technology corporation and provider of cloud applications, platform services and engineered systems, in the acquisition of Crosswise, a leading machine-learning data provider.
Our firm represented the directors and officers of Leadcom Integrated Solutions Ltd. (“Leadcom“), an Israeli Company that has been active in more than 40 countries for the deployment of cellular telecommunication networks, in a NIS 93 million claim filed against it by the trustee of the bonds issued by Leadcom, on behalf of the bondholders. In the claim it was argued that the officers included misleading items (as this term is defined in the Securities Law) in the company’s prospectus, periodic reports and immediate reports. Following five years of litigation and at the end of the evidentiary stage, the court recommended the Plaintiff to withdraw the claim. Pursuant to negotiations with the Plaintiff, an agreed motion was submitted for the dismissal of the claim against our clients, and to order the Plaintiff to pay the Defendants NIS 625,000 for costs incurred by them.