Justice Minister Yaakov Ne'eman authorized the publication of the financial court memorandum as a matter of public record, Calcalist has learned.
The body tasked with the said publications so far was the Israel Securities Authority, whose chairman, Zohar Goshen, brought the proposal before the Justice Ministry.
The memorandum details the planned authority and jurisdiction of the future court. Making the outline a matter of public records is the first step in preparing the bill for a possible Knesset vote.
Ne'eman would like to see the bill go before the House for a preliminary vote during the coming winter session, which begins in October.
The bill proposes creating a designated judicial authority meant to upgrade and refine enforcement of criminal, financial and executive aspects of corporate and financial law.
According to the memo, the financial court would become a division of the Tel Aviv District Court and will have three judges.
The division will oversee all private and corporate cases pertaining to financial law, both civil and criminal, and will also hear appeals in cases relating to the Tel Aviv Stock Exchange, the Securities Authority and the Registrar of Association.
Attorney Gil Solomon of the Justice Ministry told Calcalist that, "Since the justice minister took office he has been trying to devise ways to ease the courts' case load.
"Forming a financial court is part of the overall changes (Ne'eman) wants to instate in the courts' system."
RSS
