The District Court ruling on the petition submitted by a former controlling shareholder in the Ravad company, against the Securities Authority Administrative Enforcement Committee decision on the matter of a delay in reporting a breach of the activity limitation settlement, emphasizes the importance of reporting events related to activity limitation settlements and is a guideline on how to receive legal counsel on matters of reporting.
Following is a client’s memo from Adv. Vered Pilichovski-Czyzyk, head of our firm’s Capital Market and Securities Department: Client Update : reporting events related to activity limitation settlements and relying on legal counsel for the matter of reporting obligations.