Kashi Attorneys at Law

Kashi Attorneys at Law is a boutique law firm founded by Attorney and CPA Golan Kashi in 2005. The firm specializes in class actions and derivative actions, corporate litigation, and corporate and securities law. The firm consists of five attorneys and is headed by Adv. Kashi, who holds bachelor’s degrees in Accounting and Law from Tel Aviv University and an LL.M. from Tel Aviv University.

Before establishing the firm, Adv. Kashi worked at leading law firms and later served in a variety of senior executive positions, including Chairman of the Board of a large public company, Deputy CEO of an investment company, and General Counsel of a public company. These positions, together with his legal and business education and experience, enable Adv. Kashi to understand both the broader legal and business implications of every matter handled by the firm, as well as its finer details, thereby providing significant added value to the firm’s clients.

A Firm That Operates from A Deep Sense of Mission

The firm and its attorneys, led by Adv. Kashi, operate from a deep sense of mission, representing investors in their struggles against large public companies and citizens in their disputes with major corporations and government authorities. The firm acts resolutely and fearlessly against some of Israel’s largest corporations, including banks and leading companies, as well as state authorities such as the Tax Authority and the Bank of Israel. Clients benefit from the personal involvement of Adv. Kashi and his steadfast representation in both out-of-court proceedings and all judicial forums, including the Supreme Court.

Practice Areas

Class and Derivative Actions – The firm specializes in class actions and derivative actions, particularly in financial fields including securities, taxation, and banking. Adv. Kashi’s deep understanding, legal and accounting education, and extensive experience have led to significant achievements for clients, who have received cumulative compensation totaling tens and even hundreds of millions of shekels.

Corporate Litigation – The firm has extensive experience representing private and public companies, shareholders, and senior officers in a wide variety of legal and business disputes, including corporate control battles, shareholder disputes, claims against officers, and disputes relating to investment agreements.

Corporations and Securities – The firm advises public companies active in the capital markets on their legal and regulatory activities, including matters involving the Israel Securities Authority, the Tel Aviv Stock Exchange, shareholder relations, prospectus offerings, private placements, related-party transactions, and the preparation of periodic and immediate reports.

Prominent Cases in the Field of Class and Derivative Actions

Class Action Against The Tax Authority On Grounds Of Not Refunding Excess Tax Payments To Employees – Although the Tax Authority knew that many employees were entitled to tax refunds totaling approximately NIS 3.4 billion, it did not act proactively to issue those refunds. Following several years of legal proceedings led by the firm, it was agreed during a Supreme Court hearing that the Tax Authority would notify eligible employees of their entitlement to a refund. This ruling brought about a significant change and led to the green envelopes that have been sent to many employees in Israel since 2023.

Class Action Against The Jewish Colonial Trust for Minority Oppression – Representation of a minority shareholder in a class action that resulted in the distribution of Bank Leumi shares worth hundreds of millions of shekels to shareholders and generated a benefit of approximately NIS 300 million for shareholders.

Class Action Concerning Givat Amal – The firm represented residents of Givat Amal in a class action against the State of Israel and the Israel Land Authority, alleging breach of commitments to provide housing solutions to Givat Amal residents. In the course of the proceedings, the District Court proposed a settlement worth hundreds of millions of shekels for the residents.

Derivative Action Against Discount Bank, Bank Hapoalim and Bank Leumi Concerning Executive Compensation - Representation of a shareholder in an application for disclosure of documents prior to filing a derivative action against the three banks, alleging that they granted compensation to senior officers amounting to hundreds of millions of shekels in violation of the Executive Compensation Law, which limits compensation expenses for bank executives to NIS 2.5 million. The proceeding concluded in a settlement that resulted in corrections to the disclosures in the financial statements of all three banks.

Derivate Actions Against 7 Public Companies Concerning CEO Salary – Representation of shareholders in applications for disclosure of documents prior to filing derivative actions against seven public companies (Matrix IT Ltd., Scope Metals Group Ltd., NewMed Energy LP, Delek Group Ltd., Electra Ltd., NICE Ltd., and Carasso Motors Ltd.) that approved compensation packages for their CEOs contrary to resolutions adopted by the companies’ general meetings of shareholders (“over-ruling”).

Representation of a Minority Shareholder Against Polygon Real Estate Ltd. – Representation of a minority shareholder against Polygon Real Estate Ltd. and its controlling shareholder in proceedings that resulted in the precedent-setting appointment of external directors by the court, as well as applications for disclosure of documents prior to filing a derivative action and for approval of a derivative claim against company officers in the amount of tens of millions of shekels, alleging that Polygon allowed companies affiliated with its controlling shareholder to use company-owned real estate assets without consideration.