New Book Launch for Prof. Maher M. Dabbah
Lawyer Petitions For Help To Open Israel To Foreign Firms
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In a rare courtroom trial of a securities fraud class action, a federal jury in Miami has awarded a group of institutional investors a verdict finding securities fraud against BankAtlantic Bancorp, Inc. and two senior officers for lying about and failing to disclose the extent of risk in its troubled loan portfolio in 2007. This is the first securities class action case arising out of the financial crisis to go to jury verdict. The jury found that investors overpaid by $2.41 per share between April 26, 2007 and October 26, 2007 which resulted in millions of dollars in damages for the class.
Investors were represented jointly at trial by leading plaintiffs’ law firms Labaton Sucharow LLP and Barroway Topaz Kessler Meltzer & Check LLP. Labaton Sucharow represented State-Boston Retirement System, lead plaintiff in the federal class action lawsuit. Barroway Topaz represented Erie County Employees’ Retirement System as co-class counsel.
This was only the 12th securities fraud class action to go to trial since passage of the historic...
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Elad Man had the pleasure to attend today at a special event and reception to mark the publication of: "International and Comparative Competition Law" (Cambridge University Press, 2010) by Prof. Maher M. Dabbah, Director of the The Interdisciplinary Centre for Competition Law and Policy (ICC).
In his most recent book, Maher M. Dabbah offers a fresh policy perspective based on a thorough appraisal of competition law and policy at an international-comparative level. He pushes this important subject to new frontiers by covering a number of important topics, including: the role of different international organisations active in the field of competition law; the significance of multinational enterprises; and, in particular, the differences between US and EU competition law regimes. Taking examples from regions such as Africa, the Middle East and Asia, Maher looks at the law and policy in developing countries and at a regional level, the internationalisation of competition law and the doctrines of extraterritoriality, bilateral...
» Read MoreAn Israeli lawyer has enlisted the Law Society to help persuade the Israel Bar Association and government to change the law and allow foreign lawyers to practise in his home country.
English and Israeli-qualified Elad Man, a lawyer at Tel Aviv-based Man-Barak, wants to promote greater co-operation between English and Israeli law firms. He said liberalisation of Israel’s practice rules is necessary due to the increased amounts of business being done between the two countries, but he said political pressure at government level was required in order to achieve it.
Mr Man, who recently held talks with the Law Society on the issue, said there were 35 Israeli companies already listed on the Alternative Investment Market, and five on the main stock exchange. ‘Israeli companies are looking for capital markets to fund expansion. They used to go to the US, but since Sarbanes-Oxley they are looking more to Europe and the UK,’ he added.
Explaining the obstacles to change, Mr Man said: ‘Israel is...
» Read MoreAfter a long day at the office, you finally grab the remote and kick back for an evening of TV.
Click. A middle-aged woman with glasses, her hair in a tight bun, frowns as she watches someone's kids run amok. Click. Two hyper-charged chefs flash an endless array of knives, preparing food faster than the speed of light as the audience goes wild. Click. A scantily-dressed woman clucks like a chicken, begging food off villagers on a Pacific island. Click. A dweeb gets kissing lessons from a foxy but incredibly stupid woman. Click. A misogynous man and a woman with a severe haircut compare scars, life stories and tales of ethnic discrimination seated by a pool outside an apartment they're sharing with a passel of other people.
Is there no escaping reality shows? Not lately, it seems. Our screens have been hit by a tsunami of reality TV that floated in from abroad and which we've imitated. And it doesn't look like we're going to get off this island very soon. Reshet's series Hamerotz Lamillion, the Israeli version of...
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