Israel: formation of mining royalties committee is not grounds for arbitration

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Related briefings

Israel: Amendments to pension insurance allocation rules

After about a year of uncertainty about the pension insurance allocation ratios, the matter has now been resolved. A collective agreement has been signed between the Presidium of Israeli Business Organisations and the Histadrut Federation of Labour, which regulates the increase in the ratios of both the employee’s contribution and the employer’s contribution to the pension component in […]

Israel: Amendment of the Income Tax Ordinance

An amendment to the Income Tax Ordinance that was recently enacted obligates financial institutions to identify the residency and citizenship of their foreign account holders. The financial institutions are required to report the information to the Israel Tax Authority, so that the ITA can then relay that information to the relevant foreign tax authority. Consequently, provisions of the […]

Reverse vesting and holdback – good news for entrepreneurs?

In the world of high tech and Israeli tax there has been some uncertainty as to whether entrepreneurs, whose shares are subject to a reverse vesting mechanism or a holdback upon their sale, should be paying income or capital gains tax. Earlier this month the Israel Tax Authority published a draft circular presenting its position […]

Israel: reverse vesting and holdback – good news for entrepreneurs?

Originally printed in The Times of Israel BY ARIELLA DREYFUSS “In this world nothing can be said to be certain, except death and taxes.” Benjamin Franklin strikes again. However, in the world of high tech and Israeli tax there has been some uncertainty as to whether entrepreneurs, whose shares are subject to a reverse vesting mechanism […]

Israel: foreign construction companies get green light

In March 2016 the government adopted the housing cabinet’s recommendations regarding criteria for allowing foreign construction companies to begin operating in Israel. This move is one of the government’s strategies for increasing the volume of residential construction in Israel. The government decided, inter alia, to publish a federal RFP (request for proposal), containing the threshold requirements […]

Latest Briefings

India: The age of telephony has arrived

On 19 June 2018, the Department of Telecommunications, Government of India (DoT) finally provided its nod to several key recommendations (Recommendations) made by the Telecom Regulatory Authority of India (TRAI) on the Regulatory Framework for Internet Telephony in October 2017. DoT has released a clarification (Clarification) and certain amendments to existing licenses (Amendment), both of […]

Claims management companies: The new regulatory regime

Walker Morris Banking Litigation partners Louise Power and Rob Aberdein explain the new regulatory regime and the Financial Conduct Authority’s proposals for changes to the regulation of claims management companies across England, Wales and Scotland…

Adjudication Matters – July 2018

The Courts have re-affirmed that, despite a contract containing an express right of set-off, it is only in exceptional circumstances that a party will be entitled to set-off another claim against an Adjudicator’s award. This case serves as a helpful reminder that a right to set-off is unlikely to apply to an Adjudicator’s decision. The […]

Two EU regulations on UCITS/AIFMD asset segregation requirements for depositaries upon delegation

On 12 July 2018, the European Commission adopted two delegated regulations supplementing the Alternative Investment Fund Managers Directive (AIFMD) and the Undertaking for Collective Investment in Transferable Securities Directive (UCITS) on the safekeeping of assets by depositaries and their delegates. Their main purpose is to eliminate discrepancies among different national regulations. The following aspects will […]

Sleeping time is not working time says Court of Appeal

By Siobhan Fitzgerald The social care sector is breathing a sigh of relief after the Court of Appeal in Royal Mencap Society v Tomlinson-Blake reversed previous cases and decided that only time spent awake and working should be counted as working time for the purposes of calculating the national minimum wage.

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Cambridgeshire and Northamptonshire county councils have launched an ABS, known as LGSS Law, today (1 April 2015) after gaining a licence from the Solicitors’ Regulation Authority (SRA). LGSS Law will integrate the council’s legal services under the management of head of legal practice Virginia Moggeridge and head of finance and administration Keith Rudwick.  LGSS Law […]

£5.6bn insurance super-merger guided by Ogier

Ogier Guernsey has advised on the £5.6bn acquisition of Friends Life by Aviva. Ogier Guernsey has advised Friends Life Group, a London-listed Guernsey company, on its acquisition by Aviva, which has created the UK’s largest insurance, savings and asset management firm. The combined group will have some 16 million UK customers – equivalent to about […]

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HSF and Slaughters expand flexible working schemes for London-based fee-earners

Herbert Smith Freehills (HSF) and Slaughter and May have both expanded and re-launched their flexible working schemes targeting fee-earners in their London offices. HSF has had a flexible working arrangement within the firm since 2012, which was used more widely by its business services teams. The scheme has now been rolled out to a number […]

Walker Morris guides N1 Singer on Pinewood’s proposed placing to raise £30m

Specialist lawyers at Walker Morris have advised the nominated adviser and broker N 1 Singer in relation to Pinewood Group plc’s proposed share placing to raise £30 million. Pinewood Group, a leading provider of services to the global film and television industry, is proposing to place 8,000,000 new ordinary shares at a price of 375 […]

Armed robbers taken down by No5 Chambers barristers

David Mason QC, Michelle Heeley and Richard Gibbs, members of No5 Chambers Crime Group have prosecuted a gang who attempted to raid a cashpoint, and led police on a high-speed chase in September last year. The gang were attempting to break into an ATM machine in Kenilworth but used the wrong tools and woke up local residents. […]

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