Firon law firm - Israel’s leading law firm
Back To All News & Innovations
10.06.2024

Who is considered a financial corporation?

  • Print

A new draft regulation proposes to amend the definition set forth in the Concentration Law for financial corporations to include a range of entities regulated by law as real corporations. Tzur Shamir Company has approached the Minister of Finance through Attorneys Raz Nazri and Nadim Aboud, requesting that he exercise the authority granted by law to declare license holders for providing credit as financial entities. They argued that several corporations listed by Tzur Shamir, including Direct Insurance Financial Investments, IDI Insurance Company, Nima Shafa, and Direct Finance, are considered real corporations.

For more details, see:
מי נחשב לתאגיד פיננסי? תקנה חדשה תשנה את הכללים

מאזניים מונחות על שולחן עץ בבית משפט

A new draft regulation proposes to amend the definition set forth in the Concentration Law for financial corporations to include a range of entities regulated by law as real corporations. Tzur Shamir Company has approached the Minister of Finance through Attorneys Raz Nazri and Nadim Aboud, requesting that he exercise the authority granted by law to declare license holders for providing credit as financial entities. They argued that several corporations listed by Tzur Shamir, including Direct Insurance Financial Investments, IDI Insurance Company, Nima Shafa, and Direct Finance, are considered real corporations.

For more details, see:
מי נחשב לתאגיד פיננסי? תקנה חדשה תשנה את הכללים

icons

09.01.2025

The public share issuance process of the Ashtrom Group has been completed, raising approximately 600 million NIS

READ MORE
icons

14.01.2025

The position of the Gush Katif evacuees regarding the cancellation of the establishment of a logistics center near their homes has been accepted

READ MORE
icons

13.01.2025

The Psagot Group is acquiring 100% of the shares of R.G.A Cleaning Services and the financing activities of its subsidiary, Rogon Assets

READ MORE
icons

13.01.2025

The state fails to make services accessible to populations that avoid using digital platforms

READ MORE
icons

09.01.2025

A breakthrough in the recovery of Kitov Company

READ MORE
icons

11.01.2025

Client update – labor law

READ MORE
icons

06.01.2025

Technological solutions in the retail industry

READ MORE
icons

30.11.2024

A father’s request to sever all ties with his daughters has been denied

READ MORE
icons

01.01.2025

New partners are joining our firm

READ MORE
icons

02.01.2025

The Hadera Local Planning and Building Committee has approved the first building permit for the “Sela Beitar” urban renewal project

READ MORE
icons

01.01.2025

Client update – capital markets

READ MORE
icons

25.12.2024

2024 in the Israeli Legal Sector: Stability Amidst the Storm

READ MORE