The “Israeli Resident” test for a company – guidelines for “Management and Control”
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Meitar represented NYSE-listed Covidien, a US medical device manufacture, in its acquisition of Given Imaging, a medical technology company that develops and manufactures the swallowable imaging capsules for endoscopy, for approximately $1 billion.
Meitar represented Conduit in its spin-off of ClientConnect, Conduit’s toolbar division, and the subsequent purchase of ClientConnect by Perion Network Ltd., a NASDAQ company, in an all stock transaction. Conduit’s shareholders and option holders received 81% of Perion shares in the transaction, which closed in January 2014.
Adv. Renelle Joffe speaks about pending legislation in Israel regarding definition of the country’s Exclusive Economic waters and application of local law in this area, and emphasizes the importance of foreign investors in encouraging competition in the natural gas market.
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