Our firm has been one of the first law firms in Israel to recognize the importance of the rising shareholder activism phenomenon and developed premier practice in representing both companies and activists.
We represent issuers against defensive (governance) and offensive (operational) shareholder activism including efforts to appoint nominee(s) to the board of directors, replacement of the chief executive officer, distribution of dividends, re-organization other shareholder proposal. Our vast experience and multidisciplinary approach enables us to tailor unique solutions against different strategies of activists. We also advise clients on corporate governance matters that affect shareholder activism, including executive compensation, composition, independence and effectiveness of the board of directors and governance programs. We have advised a broad range of issuers in activist situations and/or activism preparedness matters. It should be noted that since the Israeli Companies Law applies to Israeli companies traded in Israel and outside of Israel, and with respect to the majority of the legal issues – there is similarity in advising activists in an Israeli company listed in Israel and a company listed outside of the country.
At the same time, our practice includes advising activists in their preparation and in activist campaigns using our multidisciplinary and vast experience in identifying the weaknesses and vulnerabilities of a target company, in order to create leverage to pressure the company to advance the goals of the activist. In planning a specific activist attack, we integrate our firm’s exceptional understanding of securities regulation and corporate governance, M&A and litigation to bring targeted solutions to each of our clients.
We also publish on a yearly basis our “Shibolet study” on shareholder activism in Israel. for our last edition press here.