Newsletter
The recently published position of the Securities Authority staff is an example of how the enlistment of funds for real estate ventures may be considered as an offer for the sale of securities that obliges the publication of a prospectus, even if the investment includes registration of rights on the buyer’s name in the Land Register.
Following is a client memo by Adv. Vered Pilichovski-Czyzyk, head of the Capital Market and Securities field at our firm, and by Adv. David Gilinsky of the firm’s Corporate Law Department:
