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New Israeli Court Ruling – Repurchase of Unvested Restricted Stock

White Mates in 3 moves
Michael Roiz vs Viktor Aronov
Beersheva, 1998
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We represented an Israeli-incorporated high-tech company, with multi-millions of dollars in revenue but no profit history, in its application to the Tel Aviv District Court, Economic Department, in order to approve the repurchase of unvested restricted stock from its US employees for fair market value. The application was approved. This unprecedented ruling enables the company’s US employees to enjoy tax benefits while at the same time improves the company’s ability to compete for qualified US employees.