Publications| White Collar Crime
Gornitzky presents a client update on the latest developments with respect to the enforcement of Israel's bribery of foreign officials offence and suggests measures for mitigating the legal exposure (Hebrew)
The purchase of "Supersal" stocks by Mr. Leo Noe prior to signing the document and receiving the control over the company is not necessarily illegal
Dr. Zvi Gabbay analyses the first decision rendered by the newly established Administrative Tribunal, which hears enforcement cases brought by the Israel Securities Authority (ISA), in which the Tribunal criticized the ISA for entering into a settlement with defendants that were not required to admit to the facts alleged in the settlement. The author demonstrates the appropriateness of such settlements and their pragmatic advantages, in light of the SEC's policy in these situations and US District Court Judge Rakoff's criticism of "neither admit nor deny" settlements.
The section prohibiting compensation and insurance of adminstrative enforcement proceedings is vastly critisized and needs to be amended.