JANUARY 2008 | Ofer Hanoh, Yuval Eden

The Joint Investment Trust Law, which is also known as the "Mutual Funds Law“, regulates the activity of mutual funds in Israel and their offerings to the public. Currently, foreign mutual funds may not be offered directly to Israeli investors. This is due to the difficulty that foreign mutual funds offering their units to Israeli investors would face in complying with all the Israeli regulatory requirements.

JANUARY 2008

On 31st December, 2007, groundbreaking new regulations reforming the mutual funds market came into force. A series of amendments have been made to the Joint Investment Trust Regulations. The purpose of the amendments is to relax the various restrictions applying to mutual funds, and in doing so, to broaden the investment possibilities of mutual funds.

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.

DECEMBER 2004 | Heather A. Stone

Commercial Agreements are frequently signed between parties after a period of “getting to know one another.” During that time, the parties commonly enter into a non-disclosure agreement, or NDA. When the parties enter into a full blown commercial agreement, their confidentiality considerations may be different than when they were first introduced. This article examines some of these issues, but is not exhaustive.