Gilad Behar and Co. Law Office specializes for over 15 years in providing legal counseling for financial and institutional entities in the capital market. Amongst our clients are pension funds, provident funds and advanced study funds. The office gives full legal support in all aspects required by the organization, with an emphasis on practical regulation, an area of top importance for many financial entities.

Practical Regulation

Other than providing professional ongoing legal consultancy, as shall be described as follows, the office is singular in its know-how in the practical regulation field. The office has been implementing for several years an internal enforcement plan under the Control of Financial Services Law (provident funds) 5765-2005, under the Increasing Enforcement in the Capital Market Law (Legislative amendments) 5771-2011 and under the capital market department’s public notice regarding managing compliance risks in institutional entities.

As such, the office handles, among the rest, the following matters: writing work and control protocols; Implementing regulation procedures and giving full legal support for the various departments of the company regarding regulatory aspects; guiding officers and employees of the departments; updating continuously on new legislations and public notes of the Ministry of Finance and implementing the changes in the entities’ work. We shall add that our office has extensive familiarity with the bodies handling the operation of provident funds at the various banks, and we provide services for bank corporations on subjects regarding the regulation that applies to management companies of provident funds.

Ongoing legal counseling to provident funds and management companies

The office specializes in the unique laws that apply to provident funds and management companies of provident funds. In addition to offer an extensive care in the regulation field, as described above, we provide legal advice, support and representation to these entities in various additional aspects:

• Provident funds: Establishing provident funds; managing arrears collection and representing in proceedings of debt collections from employers under the Wage Protection Law; legal support of operational procedures such as transferring between funds, seizures, reports to members, liens, loans to members, etc.
• Management companies: Handling the license of management companies; accompanying characterization processes of operational procedures; representing managements companies before the Ministry of Finance and in courts; supporting the work of the board of directors of management companies and more.
• Legal representation: Our office gives legal representation to the management companies of provident funds in any institute; whether it’s the ministry of finance, the securities authority or other legal instances, including the labor courts and the execution offices.

Professional and legal support for financial entities and commercial corporations

Side by side with our unique fields of expertise, which single us from other law firms engaging in the capital market, our office also provides ongoing professional legal counseling and support to its clients. These are consisting of, among the rest:

• Forming agreements: The legal service encompasses previous legal counseling and representation in negotiation proceedings;
• Consultancy for the Board of Directors: Providing legal consult and professional support for the board of directors and its committees’ work;
• Preparing legal opinions: Our office prepares legal opinions in various legal issues, including subsequent to legislative updates and new verdicts, which apply to the client and demand its implementation;
• Guidance and training: Our office provides guidance for officers and employees of the investment, marketing and operation departments regarding regulatory obligations;
• Commercial litigation: Representing clients at the civil-commercial field, in any legal instance, including courts of appeal.
•  
• Lectures and education programs
• Our office sees great value in giving professional lectures and educational programs on topics belonging to its fields expertise along our ongoing activity. Therefore, our attorneys lecture in directors’ training courses in addition to lecturing within different frameworks regarding legislative updates, their applications in the company and implementing regulation procedures. Moreover, within the support we supply to our clients in implementing regulatory obligations, our office gives trainings to officers and employees.