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Recent transaction and litigation

Publications

February / 2016

Changes regarding employees’ pension arrangements

The full update (in Hebrew) is available through the PDF icon.

Employment and BenefitsEmployment and Benefits
Globes, February / 2016

“Even Robin Hood deserves to make a profit”

Yossi Abadi, head of the firm’s Telecommunication and Media Group, shares his perspective on the changes in the cellular market, the Regulator and the Government in the Golan Telecom affair.
For the full article in Hebrew,

Calcalist, February / 2016

The War against Cyber Attacks: the State’s Responsibility

According to Yuval Sasson, head of the Homeland Security, Cyber and Defense Group, the Government should acknowledge, before appointing another regulator, that the responsibility for the war against cyber attacks lies first and foremost with the State itself.
For the full article in Hebrew,

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.