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A New York federal court lacks jurisdiction to grant the Guatemalan government default judgment in a case seeking to confirm a $1.8 million award against an Israeli energy company that brought failed arbitration action and hasn't appeared, the court said.
Guatemala is hoping to enforce a $1.8 million award against Israeli energy company IC Power Asia Development Ltd., which brought a failed arbitration action over the seizure of its subsidiaries' bank accounts.
Israeli auto-tech co Foresight prices $26m offering Foresight Autonomous Holdings, through its subsidiary Foresight Automotive Ltd., develops computerized vision systems for road vehicles. Israeli auto-tech computerized vision systems developer Foresight Autonomous Holdings Ltd. (Nasdaq: FRSX; TASE: FRSX) has announced that it has entered into definitive agreements with investors for the purchase and sale of 6,265,063 American Depositary Shares (ADS) at $4.15 per ADS, as part of a registered direct offering. The gross proceeds of the offering will amount to $26 million, before deducting place...