JANUARY 2010 | Natalie Jacobs, Perry Wildes

Hodak Committee Publishes Interim Report...Increasing Companies׳ Internal Controls and Enhancing Disclosure Requirements...Israeli Patent Commissioner Announces New Classification and Priority Treatment for ״Green״ Patent Applications...New Policy Regarding Participation in Arbitration Procedures in which the State of Israel is One of the Parties...Tax Law Updates... A Company׳s Failure to Transfer Social-Benefits Deductions from the Employee׳s Paycheck to Their Designated Purpose Serves as a Sufficient Reason for Piercing the Corporate Veil

JANUARY 2008 | Dr. Samuel Borenstein, Yaron Eli

In October 2008, the Israeli Supreme Court issued a precedent setting decision in the case re Pi-Glilot Oil Terminals and Pipes Ltd. (the Pi-Glilot case). The Court decided that, under the certain circumstances of this case, financial expenses due to a loan for the purpose of dividend distribution will be eligible for deduction.