Kashi Attorneys at Law

Kashi Attorneys at Law is a boutique law firm which was founded by Adv. Golan Kashi, CPA in 2005 and practices class and derivative actions, corporate litigation and companies and securities law.
The firm includes five lawyers who are headed by Adv. Kashi, who holds a degree in Accounting and Law from Tel Aviv University and an LL.M. from Tel Aviv University.
Before establishing his own firm, Adv. Kashi worked in leading law firms, and afterwards also 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, The positions in which he served, alongside with his education and his legal and business experience enable Adv. Kashi to look at each case that the firm manages from both the business and legal macro-perspective and from a view that takes into account the finest details, and create an added value to the firm’s clients.

A Firm That Operates from A Deep Sense of Mission

The firm and its lawyers, under Adv. Kashi leadership, work from a deep sense of mission which leads them to represent, with great devotion, investors in their fight against large public companies and citizens against large corporations and state authorities. The firm works fearlessly and resolutely vis-à-vis the largest companies in the economy, including banks and leading companies and even state authorities such as the Tax Authority and the Bank of Israel. The firm’s clients benefit from the personal assistance of Adv. Kashi himself and from his firm stance against all of the counterforces, both outside of and inside the various courts, including the Supreme Court.

Practice Areas

Class and Derivative Actions – the firm specializes in class and derivative actions, in particular in various financial fields, including securities, taxation and banking. His deep understanding, legal and accounting education and vast experience, enable Adv. Kashi to reach prominent achievements for his clients who were awarded cumulative compensations amounting to NIS tens and hundreds of millions.

Corporate Litigation – the firm has vast experience in representing private and public companies, shareholders and senior officers, in a variety of proceedings and legal and business disputes, including struggles of control, shareholders disputes, D&O lawsuits and disputes in the context of investment agreements.

Corporations and Securities – the firm accompanies public companies which are active in the capital markets, in their legal and regulatory operations, including vis-à-vis the Israeli Securities Authority and the stock exchange as well as shareholders in fund raising with a prospectus, private placements, transactions with stakeholders and the preparation of periodical and immediate reports.

Prominent Cases in the Field of Class and Derivative Actions

A class action against the Tax Authority on grounds of not refunding excess tax payments to employees – Even though the Tax Authority had known that many employees are entitled to a tax refund, amounting to a total sum of about NIS 3.4B, it didn’t actively pursue the execution of such a refund. Following several years of a legal fight which was led by the firm, it has been agreed in a Supreme Court session that the Tax Authority would notify the employees who are entitled to a refund. This was a transformative ruling which led to the green envelopes that many employees in Israel has been receiving since 2023.

Class action against the Jewish Colonial Trust for minority oppression – representing a minority shareholder in a class action which led to a distribution to the shareholders of Bank Leumi amounting to about NIS 300 million.

Class action on the matter of Givat Amal – the firm represented residents of Givat Amal in a class action against the State and the ILA on grounds of breach of a commitment to facilitate housing for the residents of Givat Amal. In the framework of the action, the District Court offered a settlement of NIS hundreds of millions to the residents.

A derivative action against Bank Discount, Bank Poalim and Bank Leumi on grounds of the officers remuneration - representing a shareholder in a request to disclose documents before filing a lawsuit against the three banks with the claim that they renumerated officers with sums that amounted to NIS hundreds of millions in breach of the Officer Remuneration Law which limits the expenditure for the salary of a bank officer to NIS 2.5 million.

Derivate Actions against 5 public companies concerning their CEO salaries – representation of shareholders in requests to disclose documents before filing a lawsuit against 5 public companies (Matrix E.T. Ltd., Scope Metals Ltd., New-Med Energy LP, Delek Group Ltd. and Electra Ltd.) which approved remunerations to their CEOs in contradiction with the decisions of the general assemblies (“Over-Ruling”). Despite the recent prevalence of this practice, the court wasn’t required to rule on this matter and this is a precedential action. Immediately after the request was filed, the court asked for the opinion of the Attorney General.

Representing minority shareholder against Polygon Real Estate Ltd. – representing a minority shareholder against the public company Polygon Real Estate ltd. and its owner of controlling interests in a lawsuit that led to the precedential result of appointing external directors by the court and in a request to disclose documents before filing a derivative action against its officers, in sums of NIS tens of millions, with the claim that Polygon enabled companies which are affiliated with its holder of controlling interests to use its real estate without any consideration.