Public offerings or listing of securities for trade on the stock exchange is an important milestone in the life of any company. Securities laws are highly regulated, and require in-depth knowledge and constant updates. Yigal Arnon & Co. took part in many public issuances on the Tel Aviv Stock Exchange, and in more than 100 issuances of stocks and debentures on the U.S. and European markets. The firm has a unique expertise working with dual issuances and with special, innovative structures such as spin-offs and restructuring. The firm also has good knowledge of the U.S. securities laws and experience working with the SEC. Our Capital Markets group has extensive experience in representing the issuers, and helps them draft the prospectus; the issuer’s shareholders, who are offering their shares in the issuance; and the underwriters. Many of the firm’s clients are publicly-listed in Israel or abroad, and our Capital Markets Group offers them comprehensive ongoing consulting with regard to their routine reporting duties, communications with the applicable stock market and regulator, and corporate governance and securities and companies laws. The firm represents some of the largest companies in Israel and their boards of directors and independent subcommittees in numerous transactions.
Yigal Arnon & Co. has engaged in many public issuances on various foreign stock markets. Through our global networking with leading foreign colleagues, we can provide comprehensive, flexible solutions, tailored to any issue arising in connection with public issuances and the life of the public company after an issuance, whether in Israel or anywhere else in the world. The firm represents clients listed on the TASE, the Nasdaq, the London Stock Exchange (AIM) and the Australian Securities Exchange (ASX).
The Litigation Group at Yigal Arnon & Co. has an expertise in derivative actions and securities-related actions. Claims of this kind are used now more frequently than ever, as shareholders use the derivate-action tool to sue third parties on behalf of the company. Securities-related litigation is specialized and complex. Yigal Arnon & Co. has experience representing both plaintiffs and defendants. Thanks to our multidisciplinary teams, we can support a wide range of clients in all capacities – boards of directors, shareholders, controlling shareholders, creditors, etc.
Some fascinating changes have unfolded in the capital market since the turn of the 21st century. While historically, the trading floors on the stock markets were the center of the financial system where brokers met to buy and sell stocks, today, most brokers are algorithms, trading stocks in millisecond fractions, almost in the speed of light. In addition to mere trading, algorithms have started replacing investors as well. This field is known as “Algotrading” or “High Frequency Trading” (HFT). Such computerized, automated transactions give rise to many legal issues. The firm is at the technological-legal forefront, providing legal solutions to clients in all aspects of trade – starting with public companies whose securities are traded by buyer and seller algorithms, through clients who develop algo-trading and need our advice in order to comply with applicable and constantly evolving laws and regulations, and clients investing in securities, who can take advantage of algo-trading as a means of risk control. Another emerging sector that brings with it some unique regulatory and legal challenges is that of blockchain technology and virtual currency. In this arena, the firm offers a combination of its expert work with technology companies, and its in-depth knowledge of the relevant financial regulation. The pooling of financial and capital markets knowledge, and extensive and diverse experience in the world of cutting-edge technology, enables the firm to provide comprehensive, on the mark solutions.