Additional COVID19 crisis concessions for the capital markets: The Israeli Securities Authority announced yesterday additional concessions for regulated entities, primarily granting a 30-days extension for filing the quarterly reports for the first quarter (until June 30, 2020), as well as a postponement of the expiration of shelf prospectus by 60 days for prospectuses that expire during this period.
The Israeli Securities Authority (ISA) announced a few reliefs following implications of the Coronavirus outbreak on the business operations of reporting corporations. The ISA announced a 30 days extension for Israeli corporations to publish their periodic reports for the year of 2019 (till 30.4.2020).
Shimonov & Co. law firm is proud to be ranked as a leading firm in the Capital Markets practice area by the Chambers and Partners International Ranking Guide for 2020, as well as the ranking of Adv. Israel Shimonov and Adv. Amir Bartov as Israel's leading lawyers in their fields.
In September 2019, the amendment of the TASE Bylaws was approved, to allow dual listing of foreign REITs, some of which are incorporated as a trust and not as a company.
In April 2018, our law firm led the amendment of the TASE Bylaws to allow the issuance of bonds by a foreign partnership.