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Recent transaction and litigation

Publications

Calcalist, February / 2016

How to prevent delays in construction projects

For the full article in Hebrew,

February / 2016

Representation of Oracle in the acquisition of Israeli Ravello Systems

Meitar represented Oracle, a global computer technology corporation and provider of cloud applications, platform services and engineered systems, in the acquisition of Israeli Ravello Systems, developer of a platform to virtualize the public cloud.

February / 2016

Representation of Taro Pharmaceutical Industries Ltd. in a lawsuit by activist shareholders

Meitar represented Taro Pharmaceutical Industries Ltd., an Israeli pharmaceutical company that is traded on the New York Stock Exchange, in a lawsuit by minority shareholders (two US-based funds).
The lawsuit sought to invalidate certain resolutions adopted by Taro’s general meeting of shareholders, related to the appointment of external directors, approval of compensation terms of directors, and approval of the company’s compensation policy.
The District Court adopted Taro’s position and denied the claim, setting a precedent with regard to the manner of voting by shareholders of Israeli companies that are listed solely in the US. The Court held that there is no duty of identification by shareholders as a condition for counting their votes on resolutions requiring a disinterested majority, that the Company is not responsible for supervising the accuracy of a shareholders’ declaration that he does not have a personal interest in a matter (except when it knows or should know that such declaration is false), and adopted rules with respect to the manner in which such companies should prepare their voting forms.

February / 2016

Representation of RR Media Ltd in its acquisition by SES S.A

Meitar represented RR Media Ltd, an Israeli company traded on NASDAQ, in its acquisition by SES S.A., a Luxembourg company traded on the Euronext Paris and the Luxembourg Stock Exchange, for $242 million.

February / 2016

Representation of Team8 Partners L.P in its investment round and a successful financing

Meitar represented Team8 Partners L.P, a venture capital fund specializing in the formation and facilitation of cyber security companies, in its investment round by AT&T, Mitsui, Temasek, Accenture and others.

January / 2016

IVC – Meitar H1 2015 Exits Report

We are pleased to attach the IVC-Meitar report on exit transactions in the Israeli hi-tech sector in H1 2015, which was released this week by the IVC Research Center and our firm. As the report shows, high-tech exits climbed to $5.29 Billion in the first half of 2015, 76% of the total 2014 amount..
We are especially proud that Meitar has continued its dominant role in this market, representing acquirers or targets, as well as issuers or underwriters, in most of these transactions.

The full report is available through the PDF icon.

Corporate and SecuritiesCorporate and Securities
Geektime, January / 2016

Angels Law- TAKE II

The main purpose of the Angels Law was to create incentives for private investment in startups during their seed stage. In its current format, however, there are difficulties that almost make the law irrelevant. Now, a new draft law may turn it around. Keren Egozi of the firm’s Corporate Group explains the recent changes in her latest post in Geektime Magazine.
For the full article published at “Geektime” (Hebrew),