Newsroom

It was a great honor to host Judge Eitan Orenstein, former president of the Tel-Aviv District Court, in a special Insolvency webinar, held in collaboration with the Association of Corporate Counsel.

The webinar, hosted by Head of our Insolvency department adv. Dr. Itay Hass, discussed important issues of the Israeli Insolvency system, provided useful tools for working with corporations undergoing insolvency processes, and included a lecture on the regulatory challenges faced by Israeli companies, by partner Noa Willinger. 


Read more about it in this article.

Head of Competition & Antitrust Practice Mattan Meridor, will be co-moderating a panel discussion hosted by The ABA Antitrust Section's Media & Technology Committee. The panel will explore the questions and issues raised by structural remedies in unilateral conduct and consummated merger cases, with particular attention to the technology sector.
Register here:
https://www.americanbar.org/events-cle/mtg/web/411771182/

Partners Udi Arad and Daniel Sekel and Associate Dvir Uziel of our Commercial department represented Cantor Fitzgerald & Co. and several other Underwriters as their Israeli counsel, in a successful USD 193 million Secondary Offering of Israeli Medical Device company Nanox Imaging Ltd. on the NASDAQ Stock Exchange.

Another significant step in Israel’s digital wallet revolution was achieved yesterday.
Meirav Yung of our Competition Practice represented one of Israel’s leading banks, Bank Hapoalim בנק הפועלים, in an agreement with credit card provider, Isracard. The agreement will allow their clients, both bank and off-bank credit card holders, to utilize each other’s digital wallets for contactless payment.
This agreement will promote the launch of Hapoalim’s digital wallet, based on it's ‘bit’ app, and of Isracard’s digital wallet, based on it's ‘anypay’ app.

The Israeli Competition Authority (hereinafter: the ICA) has issued a call for public comment on its proposal for the regulation of online intermediation services such as: e-commerce sites; restaurant, transit, and event booking apps; app stores; and social media platforms. According to the ICA, Intermediation Services have the ability to skew market forces and create power gaps between competitors that may lead to unfair business dealings.
The ICA intends to propose legislation similar to the EU Regulation on Online Intermediation Services, in order to promote transparency and fairness for commercial users of Intermediation Services.
Click here for the full update.

As part of the firm’s ongoing counsel to Shaare Zedek Medical Center, Jerusalem, partner Einat Cherki represented Shaare Zedek throughout the crisis of the public hospitals, and the crucial financial agreement with the Ministry of Finance.

The agreement states that in 2021, seven public medical centers will receive over NIS 960 million for ongoing operation and medical supplies, providing a budgetary stability and ensuring the timely payment of hospital staff and its suppliers.

The major natural gas discoveries in Israel resulted in extensive reforms in the legislation and regulation relating to the oil and gas sector.
Our Firm’s Energy Practice has been active in this sector for decades and has been involved in almost all significant exploration and production projects in Israel.

Partners Dan Hacohen and Eddie Ashkenazi and Associate Rebecca Baskin Zafrir of our Energy Practice have recently authored the Israeli chapter of the Oil and Gas Regulations for 2021, as published by Global Legal Group in the latest edition of the International Legal Comparative Guide (ICLG), providing an overview of the updated regulation in the field.
Click here to read the article

On January 31st, 2021 Settlement Agreements were signed between the stakeholders in the Tamar and Leviathan gas fields and with Israel Electric Corporation, resolving a longstanding dispute between the parties. In addition, principles for gas balancing in the Tamar reservoir were agreed between the owners of the field, which will enable separate sales from this field.
Dan Hacohen and Eddie Ashkenazi, partners in our Energy Practice, led the negotiations of the settlement agreements between the parties and Israel Electric Corporation.
Zvi Agmon and Mattan Meridor, partners in our Competition Practice advised Chevron (formerly Noble Energy) in the proceedings and discussions with the Israeli Competition Authority in relation to the settlement.
Globes article.

Israeli Privacy Protection Authority’s Report of Audit on Data Processing and Data Storage Sector

On November 2, 2020, the Israel Privacy Protection Authority (“IPPA”) published an audit report detailing its findings in a sector-wide audit conducted amongst entities operating in the database storage and processing sector in Israel. The Audit was conducted in entities providing various services, such as SaaS (Software as a Service), which include applications, interfaces and services for database owners, and including hosting websites which collect personal data. Others examined in the framework of the Audit were entities which provide platform services (PaaS – Platform as a Service) and infrastructure services (IaaS - Infrastructure as a Service) which mainly include the provision of storage services to database owners.
For the full update summerizing the audit report, Click here.

The Israeli Government has just recently approved a new policy for the energy sector for the coming decade, covering two main areas: Renewable and Conventional Energy.  
In this update we will review the Israeli Government decision and its implications.

Dear friends,

We have had a very busy quarter advising new and existing clients. This work included investments, the sale and purchase of businesses under sale-leaseback arrangements, advising on potential IPOs in the ASX, providing ongoing support as the Australian legal advisers for the Israel Trade Commission in Australia, and assisting in a dispute involving a prestigious Bondi Beach residential development. Here are some of the highlights:

We have been providing support to a joint venture between Australian and international entrepreneurs in the acquisition of a substantial freehold property investment and development rights in South Australia and Victoria for the establishment of photovoltaic solar generation facilities. Term sheets have been executed and the parties are currently in the due diligence phase, pending the finalisation and execution of transaction documents.
Agmon & Co. represented an Israeli provider of finance that was the largest creditor for a listed company (ASX: SAS) in administration. We negotiated a contract with a proposed new major shareholder and provided support and representation in the Deed of Company Arrangement (DOCA) process.
We continue to advise a large Israeli irrigation company with global operations and its Australian subsidiaries in all aspects of their Australian operations, including negotiating settlements in a number of longstanding disputes, resolving inter-company matters, and conducting ongoing adjudication and litigation in the Supreme Court of New South Wales.
We supported an Australian manufacturer and importer of diabetes-related OTC medical products with a significant organisational restructure as it prepared for continued expansion in both the Australian and global markets. This included advising on the planning and implementation of changes to the group structure, handling the negotiation and settlement of documents with a new strategic investor, and providing operational/regulatory advice.
We provided support for an early-stage start-up in arrangements with founding shareholders and initial employees, as well as support with its go-to-market strategy. This company, which is in the retail customer service arena, is expected to make big waves when it launches its product offering. We are proud to have been with the company during this formative stage.
We supported an Early Childhood Centre operator with a divestment from its portfolio to an ASX-listed operator, negotiating sale and purchase documentation and a long-term commercial lease.
Sincerely,
Dr Doron Goldbarsht, Partner

Agmon & Co. Rosenberg Hacohen & Co.

The Israeli market is significantly impacted by the spread of the Coronavirus. Recent public discourse has focused on the measures taken by the State of Israel, as well as those taken by other countries, to curb the spread of the virus and protect public health. Rising limitations on civilian movement, public gatherings, and other constraints have taken center stage, adding to mounting fears of recession and economic crises.

We at Agmon & Co. Rosenberg Hacohen & Co. are prepared to provide counsel throughout the duration of these troubled times and will continue to stand at your side until the conclusion of the crisis.

In this memorandum are some updates on the measures taken by the Israeli authorities and a number of legal issues arising out of this situation.
Click here for the full Memorandum.

The Covid19 crisis clearly effects contractual obligations. What is the fate of legal contracts and agreements that cannot be executed due to this unique and unfamiliar situation? Click here for the full Litigation Department memorandum regarding the implications of the Coronavirus crisis on Israeli contract law (Hebrew)

Hon. Judge Ruth Ronen recently determined that an arrangement approved by the court is a legitimate alternative for taking a company private – thus increasing legal certainty in this area. The decision mostly went unnoticed by the public however it is expected to fundamentally affect practice. Adv. Shirel Guttman Amira in a special article for Globes. Click here for the full article

Our high-tech department represents Centrica Innovations, a British investment fund, in its various investments in the Israeli high-tech industry. Osnat Sarusi-Firstater, Saar Rosman, Yinon Barkat and Oran Shetrit advised Centrica in connection with $11 million third round of financing in the Israeli startup, Driivz Ltd. The round was led by Centrica Innovations and  Gilbarco Veeder-Root (GVR).
For the full article at Calcalist Click here.

Considering embarking on a joint venture with an Israeli company? Currently operating in Israel with local partners? Our Competition Department has written a review of the Israeli laws and enforcement policies regarding cartels, which will be published in the upcoming edition of Global Legal Insights Annual Review. Take a look 

The Director General of the Israeli Competition Authority has fined the Central Bottling Co. $11.3 million USD ( 39 million NIS) for violations of the Economic Competition Law, including abuse of monopolistic position; refusal to supply; violation of merger conditions; violation of a consent decree; and violation of the Director General's orders.

This fine is the most recent in a series of serious fines that the Competition Authority has imposed on monopolies, and should serve as a warning sign to all monopolies with business in Israel. The Competition Authority's aggressive new policy of enforcing the laws regarding monopolistic behavior highlights the importance of implementing an effective compliance program.

For more information, click here.

In a recent post on the Oxford Business Law Blog, Aluma discusses the growing role of platforms in governing their underlying ecosystems. Such platforms can supersede and outperform existing government regulators, but at times may also be conflicted. for the full paper Click here.

We were delighted to participate in the Antitrust Global Seminar of the American Bar Association, that was hosted in the Jafffa Hotel last week. Adv. Mattan Meridor, head of our competition department, was one of the organisers of the event, together with his ABA colleagues. Over 100 local and international lawyers attended the event. Mattan has participated in a panel which focused on the regulatory issues of competition law which high- tech and technology companies face. Amongst other speakers at the conference was Michal Halperin, head of the Israel Competition Authority.

Our firm is representing the BE Pharmaceutical chain from the Shufersal group, in an agreement to acquire 51% of the online shopping company Bela, that markets and sells cosmetic products, food supplements and medication, which are delivered directly to the customers home. Adv. Mattan Meridor, meirav yung and Roey Miodovnik are accompanying the group on the commercial and market competition aspects of the acquisition.
Globes
Calcalist

The Israeli Securities Authority recently published several decisions, in which it expressed its opinion that certain ongoing common practices - pertaining to corporate governance and disclosure - are prohibited.
Additionally, courts have dismissed several more petitions against publicly-traded companies. It is possible that this can be viewed as the pendulum swinging back after having swayed too far towards the encouragement of class and derivative actions. Click here for the full update

An Academic article written by Adv. Aluma Zernik
Click for the full article

An academic article written by Adv. Aluma Zernik
Click for the full article

The Israeli Central District Court recently issued two decisions that develop the claim of monopolistic excessive pricing as a civil tort, and clarify some of the obligations imposed on monopolists operating in the Israeli market. In one decision, the Court certified a Class Action Claim that alleged that the Israeli producer and distributor of Coca-Cola charged an excessive monopolistic price for Coca-Cola. In the second, the Court dismissed a Class Action Claim against Strauss Group for the excessive pricing of cocoa powder. In these decisions, the Court explored the elements of excessive pricing as a cause of action in a class action claim, including the effect of a monopolist's market power on its responsibilities to the market and as a party to a class action, as well as the burden of proof that rests on each party to such a claim.
In this memo, we review the precedents set by these cases and their effect on companies operating in the Israeli market.
Click for the full memo

Following the recent amendment to the Israeli Economic Competition Law, the Israeli Competition Authority issued draft guidelines regarding the Authority's assessment of market power. The draft guidelines are open to public comment until March 11th, 2019.
In this memo, we review the Authority's draft guidelines and offer to assist our clients in presenting their comments and concerns to the Authority.
Click for the full Memo

"The Economic Competition Law" constitutes a revolution with regard to the Israel Antitrust Authority's approach to the private sector, effectively shifting the responsibility to company owners and directors.
Adv.Mattan Meridor, Head of our Antitrust and Competition Department, lays out the new law and its expected consequences in another fascinating op-ed by The Marker Online: https://lnkd.in/gHURhSh (Hebrew)

IFLR ranking guide has stressed the firm's significant involvement in some of the most innovative and unusual capital markets transactions to have taken place in the Israeli market in recent years.
We are proud to be recognised as Market Leaders in our core fields of expertise, and look forward to continue providing our clients with top-quality legal services in their different endeavours.
Please click here for the full coverage:

We are honoured to be ranked as an "Elite Tier" law firm, by the Global Competition Review (GCR 100).

GCR 100 recognized Zvi Agmon, the firm's founding partner as a leading expert and the head of our competition practice, Mattan Meridor as a future leader in the field of antitrust in Israel.

Another "Calcalist" op-ed written by Adv. Itay Hass, Head of our firm's Insolvency Department, regarding the new Insolvency and Financial Rehabilitation Act. Itay, who was a member of the Act's drafting committee on behalf of the Justice Department, explains the different opportunities created by the new Act, and how the Act is expected to increase certainty for both credit consumers and credit lenders in the scope of risk management.

For the full article (Hebrew), please click here:
https://is.gd/Utd710

Advs. Uri Rosenberg and Amir Goddard of our Corporate department represented the controlling shareholders of the public company Solegreen in the sale of their controlling stake to Lahav Green Mountains for NIS 39 million.

For the article in the Calcalist, click here: https://www.calcalist.co.il/markets/articles/0,7340,L-3745607,00.html

Following the merger between Reshet and Channel 10, complaints were raised against the Antitrust Authority for not addressing provisions that would ensure the absence of political and business interference in Channel 10's news program content.

In an opinion piece in "The Marker", Adv. Uri Porat discusses the factors guiding the Authority, most of which are focused on competition, and explains why this actually strengthens, not weakens, the Authority.
for the full article:
https://www.themarker.com/news/macro/1.6436356

Our Antitrust and Competition department has successfully steered through the landmark NIS 1.8 billion merger between Elbit and IMI Systems, which has just been approved by the Israel Antitrust Authority.

In the framework of the transaction, we represented Elbit, which acquired IMI Systems in a tender undertaken by the State to privatize IMI's activities.

Advs. Mattan Meridor, Zvi Agmon, Moran Aumann and Lior Nagar of our firm advised on this game-changing transaction.
for the full article at Reuters:
https://www.reuters.com/article/elbit-systems-ma-imi/israel-regulator-okays-defence-firm-elbits-bid-to-buy-imi-idUSL8N1VA07F

The Supreme Court recently rejected an appeal of the decision to deny certification of a class action against the credit rating agency Midroog. The Court ruled that credit rating agencies should not be held liable for failures in reports, except in the case of bad faith or gross negligence.

Advs. Zvi Agmon and Dror Savransky of our firm’s Litigation department, together with Advs. Yoram Samuel and Lior Hinkus of Yoram Samuel, Hinkus & Co., represented Midroog in both the District Court hearings and the Supreme Court appeal.

To read the article in Globes, click here:
https://www.globes.co.il/news/article.aspx?did=1001250218

High-Tech department, headed by Osnat Sarusi Firstater, is guiding the British energy giant Centrica in a series of investments in Israeli start-ups, including the Israeli company Driivz, which developed an information system to manage charging systems for electric vehicles.

for GLOBES article please press:
https://www.globes.co.il/news/article.aspx?did=1001248783

Adv. Eyal Mamo, Head of our Planning and Construction department, gave a lecture this morning at a conference held by the Ministry of Construction and Housing and the Merage Foundation, where local council heads convened in the Negev for the first forum of its kind, to promote the Negev development plan. Yoav Gallant, the Minister of Construction and Housing, also spoke at the conference, emphasizing that from a national point of view, the State must concentrate its efforts in the Negev in all aspects, and that is what they are doing. We are happy to be a part of this important and values-based project. 

 

The magic of Blockchain lies in its decentralization and the fact that it is not controlled by a central agent. The digital wallet theft of the Israeli company Bancor has raised many questions about the significant issue of decentralization, when it became clear that the company has a way to remotely control digital currencies. Is this a bluff-chain? For the full article (in Hebrew) written by Adv. Ran Shalom, a partner in our Capital Markets department, click here:https://www.themarker.com/markets/digital-coins/.premium-1.6319332 

The Court dismissed a motion to certify a class action against "Jerusalem Economy" and its directors. According to the applicants claim, the company allowed a number of private investors to purchase company shares at better terms than the market conditions, thereby discriminating against public shareholders.

All of the arguments of the company and its directors were accepted by an expert on behalf of the Court, which led to the dismissal of the applicants motion to certify. Adv. Uri Sorek, Co-Head of our firm's Litigation Department, represented Jerusalem Economy’s directors.

For coverage by the Calcalist, click here:

https://www.calcalist.co.il/articl…/0,7340,L-3741863,00.html

Advs. Uri Rosenberg, Daniel Sekel and Evyatar Sade of our office represented Delek Automotive Systems Ltd. in its acquisition of 70% of the shares of sustainability group Veridis for an acquisition price of 922 million shekels. For the article in "calcalist", click. 

Adv. Eyal Mamo, Adv. Avi Porten and Adv. Avi Shefferman submitted the administrative petition on behalf of Maoz Daniel Construction Company Ltd. and property developer Evelon. They are petitioning to cancel the authorities' decision to change the zoning of land in Palmahim from tourism and leisure to a national park. For the article in Globes click.

The Jerusalem District Court rejected the Municipality of Jerusalem's claims against the Holyland project developers, and required the Municipality to cover 1.2 million shekels of legal fees. Advs. Yoav Hirsh and Guy Arieli represented Holyland Tourism Ltd. and Hillel Cherney. For articles in "Globes", "The Marker", "News1" and "Calcalist", click.

Shirel was a speaker in a panel discussing the topic: "The Stock Market: To Be or Not To Be". For coverage in "Globes", click.

Advs. Uri Rosenberg, Deuel Peli, Yona Goshen-Gottstein, Ran Shalom and Evyatar Sadeh led the transaction. For articles in "The Marker", "Calcalist" and "Kol HaZman", click.

Adv. Ishai Itzikovich, head of our firm's Real Estate and Urban Renewal Department, discussed the more lenient conditions that the Reforms Committee is advancing regarding elderly tenants in the Uncooperative Tenant Law. For the article in "Globes", click.

Adv. Zvi Agmon and Adv. Joey Lightstone represented Ciment. For the full article in "The Marker", click.

Adv. Zvi Agmon and Adv. Hilla Peleg represented officers of Bank HaPoalim in the matter of a request to approve a derivative suit against them and against the bank regarding a loan given by the bank to Ma'ariv. For the full article in "Calcalist", click.

Adv. Eyal Mamo and Adv. Dana Fried are representing the petitioners, who claim that the decision to declare that the issue is under the jurisdiction of the National Committee for Preferred Housing Programs was made without authority. For articles in "Globes", Walla" and "Kol HaZman", click.

Adv. Hilla Peleg and Adv. Noa Willinger are representing Perrigo Company PLC in the class action, which has now concluded in a settlement. For the article in Ynet click.

Adv. Amir Godard and Adv. Meirav Yung represented New-Pharm in the deal, which is one of the conditions for the sale of the New-Pharm chain from Hamashbir 365 Holdings Ltd. to Shufersal Ltd. For the articles in ynet, Globes and Walla- click.

Adv. Tal Mayshar, the partner in charge of recruiting interns to our firm, gave her tips on how future lawyers can get an early start on building their careers. For the article click.

Adv. Zvi Agmon,Adv. Yonatan Kahat And Adv. Hanan Cidor, are all representing the Tamar partners, submitted a request to summon three senior civil servants that were involved in the forging of the Gas Framework Agreement to testify.  This request comes in the context of a hearing on a request to approve a class action suit against the partners. For article in "The Marker", click.

Adv. Ishai Itzikovich, head of our firm's Real Estate and Urban Renewal Department, discussed the decision, according to which the latest amendment to TAMA 38, which expands building rights, is not valid in Ramat Gan. For the full article in "Calcalist", click.

For the article in The Marker, which surveys the proposed changes, click.

An achievement for Adv. Yoav Hirsch and Adv. Guy Arieli: The Supreme Court has upheld the District Court's decision to require a non-profit organization initiating a class-action suit to deposit a guarantee for the expenses of the defendants. For the article in The-Marker click.

Advances are being made in the sale of New Pharm's stores to a third party, in accordance with the conditions set by the Director-General of the Antitrust Authority. For the article in Globes click.

18 years after a class action was filed against Elbit Imaging Ltd., a settlement has been reached.

Adv. Uri Sorek and Adv. Tom Kahana represented Elbit and its officers. For the article in The-Marker click.

Adv. Itzikovich, head of our firm's Real Estate and Urban Renewal department, discussed the Municipality of Tel Aviv's planned policy regarding urban renweal projects in the city. For the article in Globes click.

The District Court has approved Veridis Environment Ltd. request to delay the sale of the Ashdod desalination facility to the Minrav-Sadyt consortium.
Adv. Zvi Agmon, Adv. Tal Mayshar and Adv. Barak Schwarz are all advising For Veridis. For the article in The-Marker click.

The Israel Antitrust Authority approved the transaction after months of extensive examination of all corporate and antitrust aspects pertaining to the merger.

Zvi Agmon, Ran Shalom, Uri Porat and Meirav Yung led the negotiations with the Israeli Antitrust Authority, which resulted in the acquisitionof　New-Pharm Drugstores. For the articles in Globes and The-Marker click.

Adv. Zvi Agmon, Adv. Einat Cherki and Adv. Guy Aharonson are advising Shaare Zedek and its CEO on the matter. For the articles in Ynet, Calcalist, Walla, Mako and Reshet click.

Adv. Dan Hacohen, Adv. Uri Rosenberg, Adv. Shirel Guttman-Amira, Adv. Efrat Hozeh-Azrad, Adv. Amir Goddard, Adv. Eddie Ashkenazi, Adv. Anna Wieder, Adv. Lee Oz and Adv. Eitan Smith are advising. For the article in Globes, The-Marker and CNBC click.

Adv. Amir Goddard and Adv. Mati Goldberg are advising on the issue. For the article in The-Marker click.

Adv. Yona Goshen and Adv. Adi Abrams advised on the NIS 1.5 billion deal. For the articles in The-Marker and Bizportal click.

Adv. Dan Hacohen, Adv. Uri Rosenberg, Adv. Shirel Guttman-Amira, Adv. Efrat Hozeh-Azrad, Adv. Eddie Ashkenazi, Adv. Anna Weider and Adv. Lee Oz are alll supporting the IPO. For the article in The-Marker click.

 

Adv. Doron Goldbarsht wrote an interesting opinion piece, for the article click.

The flagship project features 5 buildings. For the articles in Walla, Bizzness and Ynet.

Adv. Uri Sorek and Adv. Tom Kahana represented Digitek on the case in which The Economic Court ruled that when a dispute relates to an Israeli company only listed in London, such as Digitek, the litigation should take place in that jurisdiction. For the article in The-Marker click.

Adv. Uri Rosenberg, Adv. Efrat Hozeh - Azrad , Adv. Yaara Schori Ben–Harush and Adv. Yaniv Cohen, have all advised on the precedential and complex transaction, which has been under way for more than a year.
The merger also heavily involved the Energy, Banking and Antitrust and Competition departments in our firm. For the articles in Globes and The-Marker click.

There was extensive media coverage of the May 16 event, which took place for the 6th consecutive year at the David Intercontinental Hotel in Tel Aviv. Click here to read more- Walla!, Globes, Calcalist and Ynet.

The verdict deals with the scope of responsibility of an advocate for reporting a violation, performed by a company when he assisted in drafting the immediate report. For the article in Globes click.

Adv. Shirel Guttman-Amira, Adv. Amir Goddard and Adv. Evyatar Sadeh, are all representing IINTOO in relation to their recent capital raisings. For the article in The-Marker click.

Adv. Ran Shalom, Adv. Gil Agmon, Adv. Uri Porat, Adv. Meirav Yung and Adv. Ady Abrams, are all representing Shufersal Ltd. in this high profile transaction. For the media review: Calcalist, Globes, The Marker, Bizportal, Maariv and Walla.

Among a number of key points, Uri explains the prohibition of an excessive price collection. For the article in Globes click.

Adv. Avi Porten, Adv. Eyal Mamo and Adv. Ishai Itsikovich, from our firm, participated at the event at Kfar Maccabiah conference hall in Ramat Gan. For the articles in Globes, Israel Hayom, Walla and Calcalist click.

Adv. Ran Shalom represents Shufersal, one of the largest supermarkets in Israel, in the negotiations to acquire New Pharm
Drugstores Ltd. from Hamashbir 365 Holdings Ltd. For the article in Calcalist, Globes and The-Marker.

Adv. Ishai Itsikovich, the head of our Real Estate Transactions department, discusses the bill in the following piece on Globes and The-Marker.

Adv. Eyal Mamo, Adv. Ishai Itsikovich, Adv. Eli Dahan and Adv. Gal Ohev Zion are all representing the tenants in the project, which will see the planned demolition of 144 housing and 9 trade units to be replaced with 500 new housing units spread over 2,000 square meters of commercial space. For the articles in Biz Portal, Calcalist, Globes and Ynet.

The discussion concerns the government bill that was initiated by Ayelet Shaked, member of the Knesset. Its goal was to deal with the opposition to the urban renewal projects. For the article in Globes click.

Adv. Shirel Amira-Guttman and Adv. Ran Shalom from our office represented the independent committee.
Soho is a public company whose shares are traded on the Tel Aviv Stock Exchange. Halman-Aldubi is a company engaged in the field of pension and provident funds. For the article in The-Marker click.

Uri Rosenberg, Dan Hacohen, Yona Goshen, Daniel Sekel, Michal Perry, Nitsan Spinka and Eitan Smith are all representing the gas partnership. The financing is being handled by the banks, HSBC and JP Morgan. for the articles in The-Marker click here and here.

The israeli chapter written by Hilla Peleg, Moran Aumann and Joey Lightstone. For the book link click here, and for the Israel chapter here.

Adv. Avi Porten and Adv. Kira Lerner from our firm represented Azrieli in the rejection of the appeal concerning the project in Lehavim, a village in southern Israel, close to the city of Beersheba. For the article in Globes click.

Adv. Uri Sorek succeeded in repealing the decision, which had allowed foreign companies to be sued in claims for in relation to participating in an international cartel. For the article in The-Marker click.

Ishai and Eli discuss the scope of the complex agreement with tenants and other major TAMA 38 issues. For further reading click.

In the article, Tal Mayshar, who is in charge of the office's intern recruitment, provides useful tips for choosing the right place and explaining the consequences on an intern's professional career. For the article in Calcalist click.

Mr. Roni Bar-On, the former Finance Minister of Israel, also participated at the event at the Tel Aviv Stock Exchange. For press references click here and here.

Uri explains the impact of this particular memo and how it might significantly reduce the review of the IAA's decisions.For the article in Globes click.

Adv. Uri Rosenberg, Adv. Ran Shalom and Adv. Yaara Schori Ben-Harush are all representing the gas partnership on the issue which exceeded demand, passing the $3.3 billion Mark. For the article in Globes click.

Adv. Uri Rosenberg, Adv. Efret Hoze-Azrad, Adv. Yaara Ben-Harush and Adv. Yaniv Cohen are acting for the two gas partnerships, whose merger was approved today. The merger is aimed at reducing costs and attracting new investors. For the news report on The-Marker click.

Adv. Zvi Agmon and Adv. Uri Sorek from our firm represented ICL Ltd. and its officers in defeating the class action which alleged an international cartel in the potash industry. For the article in The-Marker click.

In the article, Adv. Ishai Itsikovich refers in detail to the fund issue, which is designed to pay building maintenance expenses for the elderly living in new apartment blocks. For the article in The-Marker click.

Avi Porten, Eyal Mamo, Avi Sheferman, Eyal Sharon and Tamar Kastel Bar-On represented The Jerusalem Municipality and the Mateh Yehuda Regional Council in their opposition to plans for expansion by the Planning Committee for Preferred Compounds. For the article in Calcalist click.

Adv. Shirel Guttman-Amira, Adv. Hila Peleg, Adv. Michal Perry and Adv. Yaara Schori Ben-Harus represented the Company in the high profile case estimated to be worth hundreds of millions of shekels. For the article in The-Marker click.

 

Adv.Dan Hacohen and Adv. Eddie Ashkenazi are representing both the Delek and Avner partnerships. For further reading in Globes click.

Leading Israeli supermarket chain Alon Blue Square Ltd　has increased its　bond offering deal to up to　$760 million dollars following huge demand for the bonds.　

Adv. Shirel Guttman-Amira, Adv. Iris Cibulski-Havilio and Adv. Mati Goldberg have been representing the company. For the articles in The-Marker, and in Sponser.

Adv. Zvi Agmon, Adv. Uri Sorek, Adv. Dana Hen and Adv. Meirav Yung all represented Cellcom in its liquidation process against Golan Telecom, accepting the court's recommendation to undertake mediation overseen by retired judge Hila Gerstel.　


Golan acquired Cellcom in November 2015 for NIS1.17 billion. For further reading in Calcalist and Ynet.

Adv. Dan Hacohen and Adv. Michal Perry represented Ratio in the financing deal worth USD250 million, with an option to increase it up to USD400 million.

Ratio explores for and produces oil and gas in Israel. For the full article in Globes click.

Adv. Uri Rosenberg, Dan Hacohen, Yona Goshen-Gottstein and Michal Perry advised on the transaction.

It is the largest funding of a project ever made in Israel, during the development stage. For further reading on Globes, and The-Marker.

Ayalon was represented by Adv. Yona Goshen-Gottstein and Ady Abrams from our firm. For the article in Calcalist click.

Adv. Dan Hacohen, Eddie Ashkenazi and Anna Wieder represented the Leviathan partners in the transaction, which will see Paz purchase $700 million of natural gas. For the article in Globes click.

Adv. Hilla Peleg and Einat Cherki represented the Medical-Rights Center in this matter concerning the broadcast of a public commercial. The case concluded with the Israel Bar Association forced to take the commercial off air. For the article in The-Marker click.

The merger of the gas partnerships has now moved forwards, following the recent approval by the Audit Committee and the Board of Directors. For the article in Globes click.

Client update relating to the process for examining mergers and establishing the likelihood of competition. Click here to read more.

Adv. Uri Rosenberg and Adv. Ran Shalom of our Firm represented the buyers -　 Leader Capital Markets Ltd.- in the acquisition of its subsidiary companies Leader – Issuer Marketing and Leader Investment House. For further reading on The Marker click here. And for the article in Sponser click here.

Our Firm represents Avner Oil Exploration Limited Partnership and Delek Drilling Limited Partnership, whose merger is believed to be a step towards an expected offering of rights in the Tamar gas field. For the article in The Marker click here.

Adv. Yona Goshen-Gottstein and Adv. Adi Abrams represented Migdal in an agreement to purchase a mortgage portfolio worth 950 million NIS from Bank Mizrachi. for the article click. 

Adv. Yona Goshen-Gottstein and Adv. Adi Abrams from our firm represented Menorah Mivtachim in a deal in which Menorah purchased housing loans valued at 1.6 billion NIS from Bank Leumi. For the article in Globes, and for the other articles: Calcalist, Walla and BizPortal.

Adv. Hilla Peleg from our firm represents Zenith in the motion to be added as a defendant to the petition submitted by Universal McCann to the High Court of Justice against the Second Authority for Television and Radio. For the full story in The Marker click.
 

The discretion of the Antitrust Commisioner regarding the enforcement of the prohibition of charging unfair prices by monopolies. Read more here.

Judge Chaled Kabub approved the settlement agreement reached in the class action and derivative lawsuit filed against Bank Leumi and its former senior executives.

Bank Leumi is the first bank to put an end to facilitating tax evasion by its American clients.

The Bank Leumi officers association was represented by attorneys Zvi Agmon, Uri Sorek and Dana Hen from our firm.

For the full article in Globes:"Bank Leumi action settlement : former officials will pay NIS5.1 million."Click here to read more in Hebrew.

Alon Blue Square Ltd completed the sale of BSI to businessman Mr. Moti Ben-Moshe. The group includes the control of publicly traded companies Blue Square Real Estate, Dor Alon gas stations and home network tools Naaman.

Mr. Moti Ben-Moshe paid NIS113 million to Alon Blue Square and, as part of the creditors arrangement, Alon Blue Square also pledged to inject NIS600 million through the company C.A.A Holding Ltd in the coming year. Ben Moshe holds full ownership of Alon Blue Square Ltd, removing the minority shareholders that held so far about 27 % of its shares.

Alon Blue Square Ltd is represented by attorneys Shirel Guttman–Amira, partner and Head of our Capital Markets department, Michal Perry (Capital Markets department), Dana Hen (Litigation department) and Lee Oz (Capital Markets department).

For the full articles:

Ynet article: "It's official: Motti Ben-Moshe is the controlling shareholder in Alon Blue Square Ltd." Click here to read more in Hebrew

Calcalist article: "It's official: Motti Ben-Moshe is the controlling shareholder in Alon Blue Square Ltd." Click here to read more in Hebrew

The Marker article: "Alon Blue Square Ltd control BSI has Motti Ben-Moshe".Click here to read more in Hebrew.

For the full article in The Marker click here to read more in Hebrew.

New ruling issued on the responsibilities and duties of Directors and officers in relation to stock market and capital markets. Updated on September 2016. Read more here. 

Attorneys Zvi Agmon, Mattan Meridor and Meirav Yung represented Cellcom –Israel Ltd (Cellcom) in the appeal filed by Golan Telecom in the Israeli Supreme Court.

The injunction issued by the District Court - at the request of Cellcom - was left intact and Golan Telecom has been required to pay Cellcom’s costs.

For the full article in Calcalist:" Court rejects the appeal Golan Telecom- bound to Cellcom's network next year".Click here to read more in Hebrew.

Attorneys Uri Rosenberg and Ran Shalom represented the buyers group, led by Amit Vardi the former CEO of Leader Capital Markets, in its acquisition of two subsidiaries of Leader: Leader Issuances, which is active in underwriting, and Leader Investments, which operates a brokerage.

For the full articles:

Bizportal: "Leader Capital Markets Ltd sells its underwriting activities and the brokerage peer group controlled by Amit Vardi former CEO for $ 25 million ." Click here to read more Hebrew

Calcalist: "Leader Capital Markets Ltd sells the underwriting and brokerage firms to former CEO Amit Verdi."Click here to read more in Hebrew

The Marker: " NIS25 million acquisition for former Leader CEO Verdi."Click here to read more in Hebrew.

Globes: "Leader sells underwriting and brokerage activities for about 25 million shekels." Click here to read more in Hebrew

For the full articles:

Sports channel : "The Court decided: Hapoel Jerusalem will play in the league".

Click here to read more in Hebrew.

Sports 1: "Hapoel registered in the league for next season".

Click here to read more in Hebrew.

One: "The Court stated : allow Jerusalem to register in the league."

Click here to read more in Hebrew.

Our client Alon Blue Square Ltd has seen its debt settlement approved on August 10th 2016 after increasing the payment to its minority shareholders. The settlement will transfer control of Alon Blue Square Ltd business group to Mr. Moti Ben-Moshe, subject to the approval of amendments to the various creditors arrangements.

The arrangement was led by lawyers: Shirel Guttman - Amira (partner and Head of our Capital Markets department), Michal Perry (Capital Markets department) and Dana Hen (Litigation department). 

Calcalist article : "Court Bumps Up The Amount of Compensation Paid by The Owner For The Alon Blue Square Ltd Settlement" . For the full article,please click here to read more in Hebrew.

Globes article: "Debt Settlement for Alon Blue Square Ltd Approved; Control transferred to Mr. Moti Ben-Moshe". For the full article, please click here to read more in Hebrew.

For the full article in Hebrew, click here to read more.
Calcalist article: "40% of apartments currently on sale."

For the full interview please click here

Attorneys Avi Porten and Kira Lerner represented the David InterContinental Hotel in an appeal against the decision of the Ministry of Health not to extend the hotel's pool license, claiming that shading instruments shall be installed over the pool.

The District Court in Tel Aviv accepted the petition and ordered the respondents to renew the business license of the petitioner.

Click here for the full article in Calcalist: "The Health Ministry objected but the pool in the 'David Intercontinental' will continue to operate as usual."

Attorneys Mattan Meridor and Uri Porat represented Loonie Kahn Ltd., as well as the company's owner and CEO, Itamar Karlinsky, and its Director of Operations, Uri Davidson, in a high-profile antitrust case involving accusations against six companies for cartel formation and price fixing in tenders published by the Ministry of Education for the purchase of study books. An initial plea bargain was reached through mediation proceedings.

For the full article published in Calcalist, please click here.

Our firm, led by Dror Savransky, Gilli Brooks – Varon and Nir Feldshtein, successfully represented Partner Communications Company Ltd. as a respondent to a petition by Bezeq against the Wholesale Market Reform.

After long discussions, on May 29th, 2016, the High Court rejected Bezeq's petition. As a result, other telecommunication companies will be able to use the wholesale market to offer Internet services to the public.

For the article in Globes: "The High Court rejected a petition against the prices of using its telecommunications infrastructure," click here.

 

 

Walla News interviewed our firm's Australian representative, Doron Goldbarsht on the issue of work permits for young people in Australia.  As of June 2016, a new work and vacation visa agreement between Australia and Israel will go into effect, allowing Israeli youngsters to apply for a work visa in Australia.

Some Israelis have already submitted applications for approval -12 of which were approved.

For the full interview on Walla News: "Now it is illegal: that how you will find work in Australia," click here

Following a lengthy legal battle, which reached the Israeli High Court of Justice, our firm – led by Eyal Mamo and Eyal Theodore Sharon - succeeded in obtaining a permit from the Israel Land Authority for the rental of agricultural land to commercial business owners.

For the article in Calcalist: "Owners of agricultural estates can rent space for businesses," click here (Hebrew item).

Our firm was ranked by BDI Code 2016 as an elite firm in the fields of Planning and Construction, and Energy and Infrastructure. The firm was also recognized as a prominent leader in the field of Project Finance.

For the full ranking, please click here and here.

Attorneys Iris Cibulski – Havilio and Mati Goldberg represented The Phoenix Insurance Company Ltd. in its acquisition of Excellence Nessuah Investment House Ltd. and the target's delisting from the Tel Aviv Stock Exchange.

Prior unsuccessful attempts were made by The Phoenix Insurance Company Ltd to acquire Excellence Nessuah Investment House Ltd and have it delisted.This acquisition will result in the delisting of one of the oldest shares traded on the TASE.

For the full article in The Marker:" Phoenix Insurance Company Ltd delists Excellence Nessuah Investment House Ltd from Trade on TASE". Click here.

The attorneys, Eyal Mamo and Yigal Yosef from our firm petitioned on behalf of  the Sahar-Group against the State's position according to which land near the town of Tzur Yigal is not within a State of Israel .

For the full article in Globes:" Netanyahu will decide whether the border areas of Tzur Yigal belong to Israel "

click here to read more in Hebrew. Please

Adv. Eyal Mamo from our firm lectured at the Israel Builders Association (Boney Ha'aretz) conference held on May 17.
The conference addressed various topics, including the "pergolas reform" – a reform aimed to broaden local committees' authority and allow them to break free from the grip of the district committees.

For the article in Walla News: "Global ranking: Planning and Construction ranking of Israel and Pakistan and Sierra Leone," click here.

For the full interview please click here.

A lawsuit was filed against major banks and investment houses, claiming that the respondents discriminated between investors, mutual funds and other investors that demand higher fees from investors in mutual funds. In the judgement that dismissed the motion, it was determined that the plaintiffs did not meet the burden of proof.

For the article in The Marker : " Judge Haled Kabub against Yaron Zelekha:" The Court needs an opinion that relies on data".  Click to read more in Hebrew.

A claim for approval of a Class Action was filed in 1999 to the Haifa District Court against Elscint, its controlling shareholder, Elbit Systems Imaging Ltd., and its 25 Directors.

The claim, which was approved as a class action by the Supreme Court of Israel in 2012, was filled following the Elscint's minority Shareholders' claim arguing that a chain of actions carried out by the company's Directors at the time caused major losses to the company.
 
According to the settlement agreement, which was filed to the Court's approval, the defendants' Insurer will pay the defendants in reconciliation a total sum of US$46 million, where 35% of the sum, (US$16.1 million) will be transferred to the representative plaintiffs and their attorneys. If the settlement agreement is approved, it will be one of the highest fees prescribed today for lawyers and plaintiffs together. 
 
Attorney Uri Sorek, represented Elbit Systems Ltd.

Click here for the Article in The Marker: "Lawyers and Institutions who ask fees of US$16 million".

On 29 March, 2016 the Fifth Annual Conference on Planning and Construction was held by Agmon & Co. Rosenberg Hacohen & Co. and the Halacha VeMaa'aseh Center.

The conference dealt, inter alia, with the housing crisis, and the Minister of Construction and Housing, Mr. Yoav Galant, and the head of staff of Housing in the Ministry of Finance and the Chairman of the National Committee of Planning and Construction, Mr. Avigdor Yitzhaki lectured in the conference.

Attorneys, Eyal D. Mamo,Avi Porten, and Ishai Itsikovich from the firm of Agmon & Co. Rosenberg Hacohen & Co. also lectured in the conference.

The Conference received extensive media coverage.

Be low is some of the coverage frome the press:

Galant:" 8,000 apartments are being constructed in Rash Ha'ayin and no one is in charge."click here to read more (Hebrew)

The Chief of Staff of Housing: "Interest groups don't want the housing prices to go down – and we're fighting".click here to read more (Hebrew)

Ministry of Construction and Housing:" Young couples with "Mechir Lamishtaken” (Buyer's Price) are the tomorrow's rich."click here to read more (Hebrew)

The Chief of Staff of Housing: "Interest groups are trying to stop housing prices from going down."click here to read more ( Herbrew)

"Fighting millions of interested parties for the lowering prices of housing."Click here to read more (Hebrew)

"What's the logic in a young couple buying a penthouse as their first apartment?"Click here to read more (Hebrew)

"Millions of interested parties are trying to stop the lowering of the prices of housing. It's war."Click here to read more (Hebrew)

"We'll create projects that will be completed in 4 years."Click here to read more (Hebrew)

"The bank's closed the faucets and the Housing prices will not  decline this year."Click here to read more (Hebrew)

Galant:" by the end of the year we will market 70 thousand residential units."Click here to read more (Hebrew)

President of the Israel Builders Association:" I don’t think we will see falling prices this year."Click here to read more (Hebrew)

Advocates Zvi Agmon, Einat Cherki and Guy Aaronsohn in our firm, filed an urgent appeal to the High Court of Justice on behalf of several attorneys, which requested an Interim Injunction prohibiting the publication of a the report regarding the Forensic Medicine Institute-State Attorney's relations.

For the Article in the ynet News website : The advocates to the high Court of justice: "Do not publish the report on the patological institute."
Click here to read more (Hebrew).

Agmon & Co. Rosenberg Hacohen & Co. has been recognised as a top-tier firm by Chambers Global in all of our core practice areas. Moreover, eight partners have been highlighted as leaders in their field. According to Chambers, "The firm has very good people who are very reliable and experienced" and that " It goes without saying that they are knowledgeable, but they also provide a first-class service, are creative and come with the right solutions."

For the detailed rating- Click here to read more (Hebrew)

Israel's capital market's complex reality in 2015 as reflected in dozens of rulings, administrative decisions and ISA's legal positions, is characterized in strict meticulousness of the standards required from directors and officers, particularly regarding issues of corporate governance, as well as issues of reporting and other securities matters. 

The Tel Aviv University Faculty of Law in collaboration with Agmon & Co. Rosenberg Hacohen & Co. welcomes you to a joint dialogue that brings together practice, regulation and academia in respect of the issues on the agenda.
For more information please click here and for registration please click here

Israel's capital market's complex reality in 2015 as reflected in dozens of rulings, administrative decisions and ISA's legal positions, is characterized in strict meticulousness of the standards required from directors and officers, particularly regarding issues of corporate governance, as well as issues of reporting and other securities matters.

The Tel Aviv University Faculty of Law in collaboration with Agmon & Co. Rosenberg Hacohen & Co. welcomes you to a joint dialogue that brings together practice, regulation and academia in respect of the issues on the agenda.
For a detailed agenda click here and for registration click here.

Described as an "excellent law firm with a unique expertise in finance," we were also recognized by clients for our "out-of-the-box-thinking" and ability to find "simple and creative solutions to complex problems." In Project Finance, the firm was promoted to the second tier, on the back of a "fantastic oil and gas practice, the best in Israel," according to clients.

The District Committee in Tel Aviv approved an urban renewal plan in shalem Street in Ramat Gan. As part of the plan 144 housing units and 9 commercial units will be evacuated and demolished (total area of approximately 45,000 m2), and in their place 500 units in 3 towers of 30 stories each will be built.
Adv. Eyal Mamo and Ishai Itsikovich from Agmon & Co., Rosenberg Hacohen Co. provided the legal guidance for the plan.

To read the full article (in Hebrew) press here.

Ashdod Port, among the two largest ports in Israel, is intending to raise NIS 150-180 million in what is expected to be the largest IPO of 2015. The port is to be privatised between 2015-2017 as part of a greater governmental plan to privatise government held companies. The matter is led by Agmon's Capital Markets co-head Uri Rosenberg and Capital Markets Partner Efrat Hozeh-Azrad.

to view the full article in Calcalist (in Hebrew) press here.

Bank Leumi, among the two largest banks in Israel, raised NIS 2.85 billion in bonds in two public offerings. This was the first bond offering of an Israeli bank in the past three years. The matter was handled by Agmon's Capital Market's co-head Shirel Gutman-Amira and by Capital Markets Partner Ran Shalom. Click here to read more (Hebrew).

Agmon & Co. Rosenberg Hacohen & Co. has been shortlisted for Israel law firm of the year by 'Europe Women in Business Law Awards 2015’. Our firm has been recognized as best in Israel for gender equality due to the number of female lawyers and due to having a female managing partner. This award celebrates the best initiatives in each firm for gender diversity, innovation, minority women, mentoring, work-life balance, pro bono work and talent management, as well as best in country/region.

Dan Hacohen, head of the energy department at Agmon & Co. Rosenberg Hacohen & Co. and Shirel Guttman-Amira head of the corporate department have been interviewed in the Israel edition of Legal Business. The article discusses the change in Israel’s traditional trading partners such as the US and Europe, and how it is now starting to diversify into Asia-Pacific and other growth economies.
It was written that Dan Hacohen has worked on all the major gas discoveries in Israel, and is quoted saying ‘Proceedings will probably bring about divestitures and assets will change hands bringing in international investment’ in regards to the Antitrust concerns leaving the natural gas sector in Israel in limbo.
In addition, Shirel Guttman-Amira was quoted saying ‘Mutual funds are only allowed to invest in Israeli securities. There is lots of public money to invest’ in regards to US real estate investors starting to access the Israeli bond market.


Please see the full edition here.

"If you give them a job to do they'll do it thoroughly," according to Chambers Global's 2015, a prestigious law firm rankings guide. In its 2015 edition, Chambers Global recognized Agmon & Co. Rosenberg Hacohen & Co., as a leading law firm in: Capital Markets, Litigation, Projects & Energy and Competition. Moreover, the guide recognizes firm partners as leading individuals: Zvi Agmon, Uri Rosenberg, Dan Hacohen, Avi Porten and Mattan Meridor.

Managing Partner and Head of Real Estate, Planning and Construction department, Adv. Avi Porten was interviewed to the economic newspaper 'Calcalist'. To read the full interview (in Hebrew) press here.

Adv. Efrat Hozeh-Azrad and Eliran Uziel of Capital Markets and Securities department represented Delek Group, Israel's dominant integrated energy company, in its shelf offering of the Company's debentures (Series 31) for the consideration of NIS 800 million.

for the full article (in Hebrew) press here.

Agmon & Co. Rosenberg Hacohen & Co. is recognized as an "elite" firm in competition law and "one of the undisputed leaders of the Israeli antitrust bar" according to the recent GCR 100 ranking for Israel. GCR (Global Competition Review) recognizes leading competition law firms across multiple jurisdictions.

Click here to read the full newsletter (Hebrew)

Antitrust Commissioner David Gilo has approved the acquisition of Israeli newspaper “Makor Rishon” and the operations of news website NRG by “Israel Today,” and the acquisition of Israeli newspaper “Ma’ariv” by “The Jerusalem Post.” The Antitrust Authority reported that an examination of the mergers raised no concerns that justified opposing them under the Antitrust Law.

Eli Azur was represented by Mattan Meridor and Moran Aumann from Agmon & Co., Rosenberg Hacohen & Co. in the antitrust proceedings for the “Ma’ariv” acquisition deal.

Please click here for the full article.

Pelephone Communications Ltd. and Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) are preparing for a legal battle with the Antitrust Authority over the mobile network unification that was announced this week, and have hired Adv. Zvi Agmon (Cellcom) and Adv. Niv Zecler (Pelephone).

Agmon has supported Cellcom on antitrust issues in a number of cases over recent years, and Zecler represented Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) in their merger with DBS Satellite Services (1998) Ltd. (YES) before the Antitrust Authority and in the Supreme Court.

On the counter of the small photography shop Photo Elia in the Old City of Jerusalem lies an early 20th century picture of the Western Wall, which appears squeezed among the homes of the Mughrabi Quarter that no longer exists. To contemporary Israeli eyes, there is something striking about the scene of worshippers: Women and men are praying together in public.

"The question of copyright was not with regard to each individual picture "but rather with regard to the book as a collection," explains Deuel Peli of the law firm of Agmon & Co., one of two attorneys who represented the family. "Somebody forged the whole book but at a very inferior quality. We hope the trial has created a deterrent effect and in the near future we will be seeing fewer pirated books. But we still don't know who printed the books."

Click here to read the full article on Haaretz