New court ruling: More Stability and Flexibility in Employees Stock Based Compensation
The full update (Hebrew) is available through the PDF icon.
In a precedent-setting ruling of the Tel Aviv District Court it was determined that the Ministry of Defense tender would be canceled because it violates the rights of IDF disabled veterans. Giora Ungar, a partner in our firm, represented Tigbur, the company that prevailed in the petition against the tender, and said that “this is a victory with precedential implications for all future tenders.” For the full coverage of the Globes website, click here (Hebrew).
Our firm represented enSilo in its $23 million financing round led by Rembrandt Venture Partners, and with the participation of OG Tech Ventures and Viola. enSilo is an Israeli cybersecurity company which developed a real-time automated endpoint security platform. For more info, click here.
Our firm represented Librae Holdings Ltd., controlled by Vincent Tchenguiz, in its $8 million investment in the Israeli medical device and agro-tech technological incubator Trendlines Group. For more info, click here.
Our firm represented P-Cure, a cancer treatment company, in a successful $15 million financing round.
For more info, click here.
“In order to carry out the multi-year infrastructure development plan, we need to rethink the distribution of risk between the state and the concessionaires,” says Meitar partner Dr. Tani Zahavi.
In her Globes article, she explains why, click here (Hebrew).
Last week, the Be’er Sheva District Court rejected the claim of the liquidator of Bio-Oz, who sought to charge our client, who was a director of the company, with payment of all of the company’s debts, based on the claim that the defendants had successfully used intellectual property and knowledge developed by the company for the benefit of another company they owned, which they sold for more than $100 million. After conducting evidentiary hearings, including testimony of expert witnesses, and submitting summations, Judge Sarah Dovrat rejected the claim, including all its components, and determined that there had been no flaw in the conduct of the defendants. The client was successfully represented by Adv. Pinni Yaniv, a partner in our firm’s litigation department.
For more info, click here.