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Insights & News

March 26, 2017
Coca Cola Israel Antitrust Fine: "Halperin Seems to Want to Raise the Bar of Punishment"

Adv . Zohar Lande, Head of the Litigation Department at Barnea & Co. was interviewed by Globes on the Antitrust Authority's decision to impose an unprecedented monetary sanction on the Central Bottling Company Group (Coca Cola Israel). Zohar commented that it is not enough to set the monetary sanctions, submitting that the Antitrust Authority must make use of all the tools at its disposal, including the civilian tools.

March 20, 2017
Family Wealth Management

Barnea & Co., together with The Service, will host today a seminar on how to manage real estate assets and family companies. Adv. Micky Barnea, our Managing Partner, will discuss the inter-generational transfer of family businesses.

 

March 15, 2017
Bar Association Training Course for Directors

Dr. Zvi Gabbay, Partner and Head of the Capital Markets Department at Barnea & Co., will lecture today on the subject of the Israel Securities Authority in the Bar Association Training Course for Directors.

March 15, 2017
Whether and How to Enforce on a Monopoly the Prohibition of Charging Excessive and Unfair Prices

Adv. Ilan Blumenfeld, Partner in the Antitrust Department at Barnea & Co., wrote an opinion article in The Marker, dealing with the question of whether and how to enforce on a monopoly the prohibition of charging excessive and unfair prices.

March 8, 2017
Survey of Legal Interns by Barnea and Codex was Published in Globes

A comprehensive survey conducted by Codex, a leading HR company for lawyers in Israel, which was initiated by Barnea & Co., was published in Globes. In the survey, future legal interns were questioned on how they feel in light of the flooding of the profession, how they choose where to intern and more. Adv. Mickey Barnea, Managing Partner at Barnea & Co., commented that the initiative came from the recognition that there is a change in the current generation of interns and the need to understand the impact on their internship.

March 7, 2017
The Interdisciplinary Center Herzliya Alumni Association

Adv. Noa Havdala and Adv. Ron Nitzan from Barnea & Co. will take part today in "The Lawyers of Tomorrow" project, held in cooperation with the Alumni Association, Career Center and Student Union of the Interdisciplinary Center.

March 7, 2017
Israel Securities Authority (ISA) New Proposed Bill to Prohibit the Management and Operation of Binary Options Trading Platforms out of Israel

Dr. Zvi Gabbay, Partner and Head of the Capital Markets Department at Barnea & Co., in an opinion article for Finance Magnets following a new proposed bill to prohibit the management and operation of binary options trading platforms out of Israel , even if regulated elsewhere.

March 5, 2017
Nespresso Loses Suit Filed against Israeli Company, Espresso Club

The Tel Aviv District Court rejected the lawsuit filed by Nespresso and the global food company, Nestle, against the Israeli company, Espresso Club. Nespresso claimed that Espresso Club’s advertisement, which uses a look-alike of George Clooney, violates the intellectual property of Nespresso and constitutes unfair competition. The Court rejected Nespresso's claims and ordered it to pay Espresso Club NIS 110,070  in legal costs. Espresso Club was represented by Adv. Zohar Lande, Adv. Itay Hatam and Adv. Gili Cohen-Arazi from Barnea & Co.

March 3, 2017
The High Court of Justice - the Gatekeeper of the New Multi-Apartment Act

Adv. Maya Zisser, Partner in the Real Estate Department ate Barnea & Co. in an article in The Marker, following a temporary injunction issued by the High Court ordering the State to explain why the New Multi-Apartment Act should not be canceled. Maya commented that those people to whom the new Law applies should hold back on any actions designed to counter the application of the law, as such actions may be irreversible.

March 2, 2017
Judicial Oversight of Board Decisions - Beyond the Business Judgement Rule?

Adv. Zohar Lande and Adv. Gilli Cohen Arazi from the Litigation Department at Barnea & Co. in an article for Chambers and Partners on recent trends in Israeli case law, which may indicate a change in the Israeli courts' attitude to judicial intervention in the business judgment of the Board of a corporation.

March 2, 2017
Dr. Zvi Gabbay in an Interview for Globes following the Exposure of Cases of Bribery by Israeli Businessmen

Dr. Zvi Gabbay, Partner and Head of the Capital Markets Department at Barnea & Co., was interviewed by Globes, following the exposure of cases of bribery by Israeli businessmen. Zvi commented that the Israeli prohibition against bribing a foreign public servant is new. However, the law was enacted in the US in 1977 and the US has caused other countries to align with it.

February 26, 2017
E-Commerce – Law and Legal Authority

Dr. Dotan Baruch, Head of the Internet Department at Barnea & Co., in an article (in Hebrew) for The Marker, discussing the question of how e-commerce activities may be subject to different legal systems, which can contain rules that do not match and even contradict, especially in matters of licensing and regulation.

February 23, 2017
Startau Entrepreneurship Course

Adv. Itay Gura will lecture today on the topic of founders agreements at 'Ignition' - the Entrepreneurship Course of Startau, Tel Aviv University Entrepreneurship Center.

February 21, 2017
Innovation Cocktail Event Hosted Together with the Israel-South Africa Chamber of Commerce

Barnea & Co., together with the Israel-South Africa Chamber of Commerce, is hosting today a cocktail event to promote networking between South African businessmen living in Israel and Israeli businessmen.

February 21, 2017
Does the US Visa Boom Herald New Opportunities for Law Firms?

Adv. Marie Tsion, Head of the Employment Department at Barnea & Co. was interviewed by The Lawyer regarding the effect of the E-2 visa programme on the legal market. Marie commented that the E-2 investor visas will allow US companies, entrepreneurs and employees to start business activities in Israel more easily. This visa is likely to increase the number of US companies establishing activities in Israel.

February 15, 2017
Delegation of Israeli ambassadors in Latin America

Barnea & Co. is today hosting a delegation of Israeli ambassadors who are stationed in Latin America, together with the Latin America division of the Israeli Ministry of Foreign Affairs, the Israel-Latin America Chamber of Commerce and StarTau, the Entrepreneurship Center of Tel Aviv University.

February 12, 2017
Barnea & Co. will  accompany Accelerator Frankfurt Spring Program

The Accelerator connects Startups with Financial Institutions. Barnea & Co is the firm which will provide legal services in Israel to the startups attending the Program in Frankfurt. On 12th February we will be holding an introductory event at which the Accelerator will describe the nature and aims of the Program and Micky Barnea will discuss the challenges for startups heading abroad. The event will be take place at Barclay's Techstars Accelerator. 

February 12, 2017
Shufersal Sets its Sights on Drug Store Chain New-Pharm

Adv. Ilan Blumenfeld, Partner in the Antitrust department at Barnea & Co. was interviewed by The Marker following Shufersal, Israel's largest supermarket chain’s announcement that  it is in the early stages of examining the possibility of acquiring local drugstore chain, New-Pharm Drugstores. Ilan commented that in the event that Shufersal acquires New Pharm, the Antitrust Authority will have to approve the deal by examining the market power of the merged entity.

February 8, 2017
A Lecture on the Subject of Insolvency at the Tel Aviv Chamber of Commerce

Adv. Noa Havdala, Partner in the Litigation Department, at Barnea & Co., will lecture today on the subject of Insolvency at the Tel Aviv Chamber of Commerce. Noa will discuss the first signs to identify cash flow difficulties and the correct ways to deal with them.

February 8, 2017
Head of Deutsche Bank Israel Detained on Suspicion of VAT Offenses

Adv. Harel Perlmutter, Head of the Tax department at Barnea & Co., was interviewed by Tax Analysts following the arrest of the chief executive of Deutsche Bank's operation in Israel on suspicion of violating VAT law. The Israel Tax Authority claims that the customers, in respect of whom Deutsche Bank reported its transactions as being zero rated, allegedly because they were conducted on behalf of “foreign residents”, were actually Israeli residents. Harel commented that it is often difficult to determine whether someone is a foreign tax resident.

February 7, 2017
The CEO of Kitov Pharmaceuticals was Investigated by the Israeli Security Authority on Suspicion of Fraud and False Reporting

Adv. Zohar Land and Moran Bickel from the Litigation Department at Barnea & Co. represented the CEO of Kitov Pharmaceuticals at a hearing in the Tel Aviv Magistrates Court relating to his release from detention, subject to certain restrictive conditions.

February 5, 2017
Considering Bitcoin an Asset Could Set Back Usage in Israel

Adv. Harel Perlmutter, Head of the Tax Department at Barnea & Co., was interviewed by Bitcoin.com regarding the Israeli Tax Authority’s (ITA) draft on digital currencies. Harel commented that the draft circular is a declaration of intent from the ITA and at this stage no draft legislation has been published.

February 5, 2017
Doing Business in Israel – Practical Law

A Q&A guide to doing business in Israel written by Barnea & Co. was published in the Practical Law website. The guide gives an overview of the legal system, foreign investment, regulation, and other issues pertaining to Israel.

February 5, 2017
Eliezer Fishman Is Not Alone: Every Year 19 Thousand Israelis Declared Bankrupt

Adv. Noa Havdala, Partner in the Litigation Department at Barnea & Co., specializing in Insolvency, was interviewed by Maariv 'The Weekend' following the bankruptcy declared by Eliezer Fishman. Noa commented that there are ways to prevent the loss of all family assets, even in the event of bankruptcy, and to avoid involving the family assets with business assets.

February 2, 2017
AtoBe – Azrieli College of Engineering Startup Accelerator

Adv. Harel Perlmutter, Head of the Tax Department at Barnea & Co., lectured today on taxation of startups at the AtoBe – Azrieli College of Engineering Startup Accelerator.

February 2, 2017
Tamid IDC Pitch Event

Adv. Yuval Lazi, Partner in the Technology Department at Barnea & Co., participated as a judge at Tamid's Pitch Event. Tamid is part of the Interdisciplinary Center (IDC) Herzliya program that connects American students with the Israeli economic landscape.

February 1, 2017
Barnea & Co. Represents Real Estate Agent, Roni Mana and his Agency

Adv. Zohar Lande and Adv. Gal Livshits from the Litigation Department at Barnea & Co. are representing real estate agent, Roni Mana, and his agency, in a lawsuit filed at the Tel Aviv District Court against Arena Star Group Ltd, controlled by Marcus Weber, and the CEO, Michael Fuchs, for failure to pay brokerage fees in the amount of NIS 5.88 million.

January 31, 2017
Delegation from Germany

Barnea & Co. is hosting today a delegation from Germany, who will be visiting Israel for the first time in order to look for investment and cooperation opportunities, mainly in the real estate and insurance tech fields.

January 30, 2017
Roundtable with VC's Investing in Cyber Security

Barnea & Co. will host today, together with Israel-America Chamber of Commerce and the BIRD Foundation,  a roundtable meeting with Mr. Kevin Stine, Chief of Applied Cybersecurity Division at NIST (The National Institute of Standards and Technology), an agency of the US Department of Commerce. The roundtable will include senior managers of Israeli VC’s community and Cyber Security startups.  

January 26, 2017
Dr. Zvi Gabbay Participated in a Panel Discussion on the Subject of Administrative Enforcement in Haaret'z "Echad Haa'm"

Dr. Zvi Gabbay, Partner and Head of the Capital Markets at Barnea & Co., participated in a panel discussion on the subject of Administrative Enforcement in Haaret'z "Echad Haa'm", the magazine of the Public Companies Association. The panel discussed the implications of administrative enforcement on the market and on the levels of corporate governance and conduct of companies. (In Hebrew. Pages 16-21)

January 25, 2017
Delegation from Singapore

Barnea & Co. hosted this week a delegation from Singapore which was invited to Israel by Startau, Tel Aviv University Entrepreneurship Center. The delegation held a series of meetings with leaders of the technological and entrepreneurial environment in Israel.

January 25, 2017
Seminar on the New Multiple Housing Taxation Law

Barnea & Co. is conducting on February 14th a morning seminar on the new Multiple Housing Taxation Law. Adv. Maya Zisser, Partner at the Real-Estate Department will lecture on the new tax - to whom does it apply, the tax rate, payment methods, exemptions and credits. Adv. Harel Perlmutter from the Tax Department will lecture on tax saving opportunities in respect of rental income. 

January 25, 2017
US Federal Trade Commission (FTC) Decides to Investigate Allergan’s Generics Business (Actavis Generics).

Dr. Zvi Gabbay, Partner and Head of Capital Markets at Barnea & Co. was interviewed by Globes following the decision by the FTC to investigate a company related to Teva. 

January 24, 2017
Israel Seeks Tax on Bitcoin, Virtual Currency Transactions

Adv. Harel Perlmutter, Head of the Tax Department at Barnea & Co., was interview by Bloomberg regarding a draft circular of the Israel Tax Authority on taxation of virtual currencies (bitcoins and the like).  Harel commented that the draft imposes almost insurmountable restrictions on the use of virtual currencies in Israel, due to the liabilities and costs involved.

January 15, 2017
On 17/01 Barnea & Co., together with the Association of Corporate Counsel (ACC), will host an event on Privacy and Data Protection Law

On 17/01 Barnea & Co. together with the ACC, will host an event on Privacy and Data Protection Law affecting employees in the workplace. Marie Tsion, Partner and Head of the employment Department at Barnea & Co., will lecture on the Israeli Privacy Aspects.

January 12, 2017
The Center for Academic Studies in Or Yehuda Young Entrepreneurs Skills Day

Adv. Ilan Blumenfeld, Partner at Barnea & Co., gave a lecture on the Legal Aspects of Entrepreneurship at the Center for Academic Studies in Or Yehuda  Young Entrepreneurs Skills Day.

 

January 12, 2017
Hosting the South Carolina Business and Research Delegation

Barnea & Co. is hosting today a business and research delegation from South Carolina, comprised of business leaders, researchers and business developers at hospitals and research Institutions and economic development officials. They have come to Israel to promote collaboration with Israeli companies in Biomed, Cyber and Tech Automotive. Micky Barnea, our Managing Partner, will give a lecture on the legal aspects of doing business in Israel.

January 10, 2017
Micky Barnea in an Interview by Globes regarding Executive Pay in the Finance Sector and regarding Concessions from the Tel Aviv Stock Exchange and the Israel Securities Authority

Micky Barnea, our Managing Partner, was interviewed by Globes regarding executive pay in the finance sector. He also interviewed on concessions granted by the Tel Aviv Stock Exchange and the Israel Securities Authority. Micky commented that the Tel Aviv Stock Exchange and the Israel Securities Authority have granted a set of concessions to encourage more companies to go public. However, according to Micky, as regards the issue of regulation, the exemptions should be more significant.

January 8, 2017
Mentoring Startups and Entrepreneurs at the Technological Incubator TechCode

Adv. Yuval Lazi, Partner at the Technology Department in Barnea & Co. will give business and legal mentoring for start-ups and entrepreneurs at the technological incubator TechCode. Chinese Techcode is a chain of international incubators for start-ups, which assist companies looking to access the Chinese market.

January 4, 2017
Barnea & Co. Represented GBI Racing before the Knesset Reform Committee

Barnea & Co. is representing GBI Racing, a British company which provides betting services to Toto (the Israel Sports Betting Board). Adv. Zohar Lande participated in the Knesset Reform Committee meeting, which discussed the decision to cancel the permit given to Toto as proposed in the Economic Arrangements Law.

January 4, 2017
Adv. Elad Pilpel in an article in Globes on the Restoration of Funds for Victims of Stock Manipulation

Adv. Elad Pilpel from the Capital Markets Department at Barnea & Co. appeared in an article in Globes on the restoration of funds for victims of stock manipulation. Elad discussed the question whether the state is obligated to repay portion of the fine directly to the victims through a distribution mechanism.

January 3, 2017
Micky Barnea will give a lecture to MBA students in the course "From Idea to Start-up" at the Entrepreneurship and Innovation Department at the Ben-Gurion University of the Negev

Adv. Micky Barnea, our Managing Partner, will give a lecture today to MBA students in the course "From Idea to Start-up" at the Entrepreneurship and Innovation Department at the Ben-Gurion University of the Negev. The lecture will focus on legal and intellectual property issues necessary for entrepreneurs.

December 28, 2016
Barnea & Co. represented Belectric Israel in the negotiations leading to the conclusion of an EPC and O&M Agreements in respect of the Ashalim PV solar power plant

Adv. Gal Oren and Adv. Samuel Henri Samuel from Barnea & Co.’s Infrastructure Department represented Belectric Israel, which was selected to construct and operate a new 30Mwp PV solar power plant in Ashalim. Belectric Israel is an affiliate of Belectric GmbH from Germany, engaging in the development and promotion of photovoltaic (PV) solar systems world-wide.

December 28, 2016
Dr. Zvi Gabbay Participated in the Annual Dun's 100-Globes Capital Markets Forum

Dr. Zvi Gabbay, Head of the Capital Markets & Securities Department at Barnea & Co. took part in the annual Dun's 100-Globes Capital Markets Forum, with the participation of industry executives, banking sector, leading investment houses and insurance groups.

December 26, 2016
The Charges against Generic Drug Companies for Price Fixing: Teva is Exposed Twice and is Liable to have to Reach a Compromise in Both Suits

Dr. Zvi Gabbay, Head of Capital Markets and Securities Department at Barnea & Co. was interviewed by Globes, following law suits filed in the US accusing generic drug companies, including Teva Pharmaceutical Industries, of price fixing. Zvi commented that Teva is exposed to both a criminal indictment and a civil suit, and is liable to have to reach a compromise in both of them. 

December 25, 2016
Launching Air Force Innovation Community - at Barnea & Co.

On Thursday, December 22nd we hosted at our office a networking event of the Air Force Innovation Division in cooperation with Startau, Tel Aviv University Entrepreneurship Center. The event was attended by representatives of the industry. The Air Force Innovation Course with Tel Aviv University was launched.

December 25, 2016
Meeting of SEEDS, the Entrepreneurial Program of Appleseed’s Alumni Association – at Barnea & Co.

Barnea & Co. hosted a meeting of SEEDS, the entrepreneurial program of Appleseed’s Alumni Association which operates technology programs and life skills development in Israel's periphery. Adv. Yuval Lazi, Partner in the Technology Department lectured on the topics of Founder's Agreements and a tool box for entrepreneurs.

December 19, 2016
The Fall of the Applications Empire

An article by Adv. Yuval Lazi, Partner in the Technology Department at Barnea & Co., on the subject of the current and future market place for applications, was published by Globes Dun's 100. Yuval commented that as regards Israeli start-up companies which develop application-based technologies or solutions, there is a real need to redefine the prospects and risks.

December 16, 2016
The Knesset Finance Committee Passed the Third Apartment Tax Bill

Adv. Maya Zisser, Partner in the Real Estate Department at Barnea & Co., was interviewed by Bizportal following the approval of the third apartment tax bill by the Finance Committee. Maya commented that we will not see a wave of sales of flats by owners of third apartments, but instead, owners will pass on the burden to tenants by way of increased rentals.

December 15, 2016
End of Year Employment Law Summary to impact upon 2017

Adv. Marie Tsion, Head of Employment Department at Barnea & Co. was interviewed by The Marker. Marie presented the most important developments in labor law which will impact upon 2017. Marie commented that employee's right to privacy in the workplace was the focus of discussion in respect of 2017 and will continue to be discussed in the coming year.

December 14, 2016
Five Winning Tactics to Scale Your Go-to-Market and Channels

Barnea & Co. together with ChannelSmart and Syneron-Candela will host an event on December 22nd on best practices for go-to-market strategy and channel development. Adv. Micky Barnea, our Managing Partner, will highlight the important information to include in Distribution Agreements.

December 13, 2016
Financial Catch of affordable housing program “Mechir Lemishtaken” (Buyer’s Price)

Adv. Ariel Nadler, Partner and Head of the Real Estate Department at Barnea & Co., was interviewed by Bizportal, following “Mechir Lemishtaken”'s cancellation of the winners because of funding problems. According to Ariel, when financing through a bank guarantee, the payment plan can be 20% of the payment for the flat at the beginning and 80% when the entry and permit is issued ("tofes 4"). The recommendation is to leave as much money for the last payment. 

December 12, 2016
Roundtable Regarding the Employment of Arab Interns and Lawyers

Adv. Mickey Barnea and Ronit Offir, Partners at Barnea & Co., will participate in a roundtable meeting with other leading law firms regarding the employment of Arab interns and lawyers. The meeting was initiated by the Deans of the Universities' Faculty of Law.

December 6, 2016
Expected Amendments to Tax Legislation in 2017

Adv. Harel Perlmutter, Head of the Tax Department at Barnea & Co. was interviewed by Ynet regarding the expected tax amendments going into effect in 2017.

December 5, 2016
Nochi Dankner, Former Chairman of IDB Group, was Sentenced to Two Years Imprisonment

Dr. Zvi Gabbay, Partner and Head of Capital Markets & Securities Department at Barnea & Co. was interviewed by Several Israeli Newspapers, after Nochi Dankner was sentenced today to 2 years in prison following his conviction on charges of stock manipulation. Zvi commented that unlike the verdict, which gave the impression that Dankner would receive a more severe punishment, it can be assumed that the District Court tried to impose a light sentence, but one which would not cause the prosecution to file an appeal.

November 30, 2016
Regulation of Crowdfunding in the UK, US and Israel: a Comparative Review

Dr. Zvi Gabbay, Partner and Head of the Capital Markets Department at Barnea & Co., in a comparative review of the regulation of crowdfunding for Butterworths Journal of International Banking and Financial Law. The article discusses how three jurisdictions, the UK, US and Israel, have dealt with the regulatory aspects of the equity crowdfunding sector, comparing and contrasting the approaches taken by the regulators.

November 28, 2016
Chinese Retail and Internet Giant Alibaba Invested 15 Million Dollars in the Israeli Tech Firm Infiniti AR

Adv. Yuval Lazi, Partner at Barnea & Co. represented Sun Corporation of Japan in a mutual investment with Alibaba the Chinese retail and Internet giant in the Israeli company Infiniti AR, which is developing augmented reality systems for medicine, training, and games.

November 27, 2016
Convertible Notes

Adv. Ariella Dreyfuss, Partner at Barnea & Co. in an article on Convertible Notes. According to Ariella, Convertible notes are an attractive instrument for investors, they can also be advantageous to entrepreneurs and if drafted correctly should balance the interests of both parties.

November 24, 2016
IBM Alpha Zone Accelerator 4th Class

Micky Barnea joined IBM Alpha Zone Accelerator 4th Class as a mentor. The program focuses on post Seed and Round A funded companies with the aim to create a long term Technology and Business partnership with IBM worldwide.

November 22, 2016
Adv. Yuval Lazi Interviewed by the Blog 'Talks about Entrepreneurship' and the Granting of Employee Stock Options

Adv. Yuval Lazi, Partner at Barnea & Co., interviewed by the blog 'Talks about Entrepreneurship' and the granting of stock options to a start-up's employees. Yuval discussed the possibility for an employee to sell his options, valuation of options and how stock options are taxed.

November 16, 2016
Barnea & Co. Represented D.G.I Media Ltd. in a Precedent Administrative Enforcement Settlement with the Israeli Securities Authority

Dr. Zvi Gabbay, Partner and Head of the Capital Markets and Securities department at Barnea & Co., represented D.G.I Media Ltd. in a precedent administrative enforcement settlement in the field of Forex Trading.

November 10, 2016
The Supreme Court Rejected Yaacov Peri’s demand for Reduction From tax payable on an Exercise of Options

This week the Supreme Court rejected Yaakov Peri's demand for a tax reduction from the tax authorities from an exercise of options received by the public company, Lipman Electronic Engineering. Adv. Harel Perlmutter, Head of the Tax Department at Barnea & Co. was interviewed by Globes and noted that during the period in which the controversy arose, there was a difference between corporate tax (35%) and capital gains tax (25%) for companies. Today, when the tax rates are identical, there are no implications arising from the nature of the tax imposed on the taxpayer.

November 9, 2016
Barnea & Co. Represents iTrader, an Online Forex Trading Company

Barnea & Co. represents iTrader, an online forex trading company, which is under investigation by the Israeli Securities Authority. Adv. Zohar Lande and Adv. Moran Bickel from the Litigation department were interviewed by The Marker and commented that they hope the investigation by the ISA, which focuses on the company's activities during the period in which it was entitled to act as a trading platform, will end soon.

November 9, 2016
Voluntary Retirement Program

Following reports on the voluntary retirement programs that are promoted by the Israel’s largest banks, Adv. Marie Tsion, Partner and Head of the Employment Department at Barnea & Co. was interviewed by Globes. Marie commented that a successful voluntary retirement program is one which creates a situation where the employer offers retirement to certain workers, without harming the functioning of the organization, which often relies on the knowledge and experience of the veterans.

November 8, 2016
Barnea & Co. Represented Hadad Brothers

Adv. Marie Tsion and Adv. Lee Alter Kizis represented Hadad Brothers, Worldwide Judaica Artists, in a claim by a service provider with an independent business, that after 17 years of engagement argued for a recognition of an employee-employer relationship and filed a claim for various social benefits in the sum of 1.5 Million NIS.  After 2.5 years of legal proceedings, the court this week denied the claim in full.

November 2, 2016
Seminar for Students From the IDC Legal Clinic for Start-Ups

Barnea & Co. is hosting today a seminar for students from the IDC Legal Clinic for Start-Ups on various issues including founding agreement, labor law and tax issues, privacy policy, entrepreneurship and more. The cooperation is part of the firm's pro bono activities.

November 1, 2016
A Delegation of Community and Entrepreneurial Organizations from Barcelona and the Region of Catalonia

Barnea & Co., hosted today a delegation of 50 community and entrepreneurial organizations from Barcelona and mayors from the region of Catalonia, which were invited to Israel by Startau, Tel Aviv University Entrepreneurship Center. The event was held as part of a series of meetings of the delegation with leaders of the technological and entrepreneurial environment in Israel.

October 30, 2016
Does the Decision to Grant Foreign Companies Permits to Perform Construction Work in Israel Create Healthy Competition or Hurt Small Construction Companies ?

Adv. Ariel Nadler, Partner and Head of the Real Estate Department at Barnea & Co. was interviewed by Ynet and commented that opening the market to foreign companies is a positive move. He also addressed the question of problems that may arise for the consumer who is required to deal with a foreign company. Ariel commented that he is convinced that the Ministries of Finance and Construction will ensure adequate securities to address the issue of deficiencies and quality construction.

October 27, 2016
Five Chinese Companies and One Portuguese Company will be Granted Permits to Perform Construction Work in Israel

Adv. Ariel Nadler, Partner and Head of the Real Estate Department at Barnea & Co. was interviewed by The Marker regarding the Ministries of Finance and Construction decision to grant foreign companies permits to perform construction work in Israel. Ariel commented that with Israeli on-site construction firms in a state of collapse, opening the market for foreign companies is a positive move.

October 26, 2016
Barnea & Co. Continues to Assist the Heseg Innovators Program (HIP).

 

The new HIP Boost program is a direct continuation of the HIP program with which our firm was associated in the past. During HIP Boost, graduates of the HIP will undergo a comprehensive process to accelerate their early stage startups into growing and sustainable businesses. 

Next week a panel presentation event will be held with leading mentors giving insights to the entrepreneurs. Adv. Yuval Lazi was chosen to be the legal advisor for the HIP Boost program.

October 19, 2016
Legal Aid for Startups Targets Social Ventures

Barnea & Co. is pleased to co-operate with the IDC Legal Clinic for Start-Ups in mentoring the law students participating in the clinic and entrepreneurs from underprivileged communities engaged in social business ventures.  

October 14, 2016
After 9 Years of Litigation, David's Geller Claim Against Yitzchak Omer, Who Was Represented by Barnea & Co., Was Dismissed.

As previously published, Geller had filed a lawsuit alleging fraud in the amount of nearly NIS 70 million. Even though the main claim for fraud was dismissed, the District Court obliged Omer to pay millions of NIS to Geller deciding that they were granted to Omer as a loan.

Geller and Omer both appealed to the Supreme Court. The Supreme Court denied Geller's appeal entirely, accepted Omer's appeal and returned the case to the District Court.

This week, the District Court dismissed the action entirely and accepted Omer's argument that the funds were transferred to him as part of a share purchase transaction. The Court ruled that under these circumstances, Omer does not need to reimburse the funds or to transfer any shares.

October 13, 2016
Hackathon for Sustainable Urban Mobility

Adv. Asaf Shalev will serve as a mentor and participate at the Herzliya sustainable urban mobility Hackathon, which takes place on October 27th , in cooperation with the European Union.

October 13, 2016
Australian stock exchange to Israeli tech firms: Come list Down Under

Dr. Zvi Gabbay, Partner and Head of the Capital Markets & Financial Regulation Department at Barnea & Co. was interviewed by the Times of Israel regarding the growing interest of Israeli companies to list on the Australian Stock Exchange (ASX). Zvi commented that the Australian financial laws have earned a reputation as a creative and advanced regulatory regime that strikes a good balance between investor protection and a pro-business approach that understands the risk of over-regulation.

October 6, 2016
Israeli Army May Crack Down on Ex-Soldiers Profiting from Tech Expertise

Adv. Yuval Lazi, Partner at Barnea & Co.  was interviewed by the Times of Israel regarding a new policy the Israeli army is mulling that would regulate the technologies and the expertise soldiers can use once they leave. Yuval commented that the rights to any intellectual property that a soldier has developed or produced during his time in the army — patents, lines of code or even photos — belong to the army and not to the individual.

October 5, 2016
Cross Border Mergers and Acquisitions 2016 - Virtual Roundtable

Corporate Live Wire held a Cross border Mergers and Acquisitions roundtable featured experts from around the world, including Adv. Ariella Dreyfuss. The chosen experts discussed regulatory changes, legislative precedent, challenges and opportunities as well as key trends and latest developments.

September 30, 2016
Barnea & Co. Represented the Private Equity Fund IGP Investment in Jacada

Barnea & Co. represented Israel Growth Partners (IGP)  in an agreement to buy 300,000 Jacada shares, 7% of the company's share capital, from Robert (Bob) Ashton's investment firm Kinetic Catalyst Partners.

September 25, 2016
Barnea & Co. represents Rafi Bar-Lev

Barnea & Co. represented Rafi Bar-Lev, former Salesman at the Israeli investment company Utrade of Aviv Talmor, whose operation was frozen by the Israel Securities Authority, at a hearing in the Tel Aviv Magistrate's Court.

September 22, 2016
Barnea & Co. Represents GBI Racing

Adv. Zohar Lande, Head of the Litigation department at Barnea & Co. is representing GBI Racing, a British company which provides betting services to Toto (the Israel Sports Betting Board). The company applied to the Minister of Finance, Moshe Kahlon, to reconsider the decision to ban horse racing wagering, which was approved by a government committee chaired by treasury Director General, Shai Babad.  The company contends that it was never given the opportunity to present other data to the committee on its behalf.

September 15, 2016
Capital Markets 2016 - Virtual Roundtable

Corporate Live Wire held a Capital Markets Roundtable featured experts from around the world, including Dr. Zvi Gabbay. The chosen experts discussed the latest regulatory changes, global economic risks, cyber security challenges and capital flow trends.

September 7, 2016
Construction Site Collapse in Tel Aviv

Adv. Inon Yogev, Partner at Barnea & Co. was interviewed by Ynet following the collapsed parking structure in the Ramat Hahayal neighborhood in northern Tel Aviv. Inon commented that the function of the project manager is not defined in the Planning and Building Law. There are many responsibilities and it is not clear who is responsible for what.

September 1, 2016
Fathers Granted Right to Paternity Leave - Marie Tsion for Walla

Adv. Marie Tzion, Partner and Head of the Employment department, published an opinion article in Walla Business, following the recently passed amendment, which granted fathers the right to paternity leave at the expense of already existing leave entitlements.

August 31, 2016
EU: Apple ordered to Pay Ireland 13 Billion Euros in Taxes

Harel Perlmutter was interviewed yesterday by leading newspapers regarding the EU Commission’s order against Apple to pay 13 billion Euros ($14.5 billion) to Ireland in respect of unpaid taxes. According to Perlmutter, Apple could be hit with billions of dollars in assessments for back taxes after this landmark decision.

August 30, 2016
Apple Must Pay 13 Billion Euros in Back Taxes to Ireland

Adv. Harel Perlmutter, Head of the Tax Department at Barnea & Co., was interviewed by several media following the European Union's ruling that Apple was given illegal tax benefits over two decades, therefore will need to pay 13 billion Euros in back taxes in Ireland.

August 25, 2016
Mistakes to be avoided by early-stage entrepreneurs

Ariella Dreyfuss will lecture to early-stage entrepreneurs who participated in StarTAU's Elite Entrepreneur Program.

The lecture will deal with founders agreements and what you need to avoid as a new startup.

August 25, 2016
Human Resources Forum Half Year Event

Adv. Marie Tsion will participate in the Human Resources Forum Half Year Event taking place on September 14th. Marie will discuss the terms of employment in the weekly rest period.

August 23, 2016
Officers’ Remuneration – Are New York and London Following TASE’s Lead?

Adv. Micky Barnea, Managing Partner at Barnea & Co., was interviewed by Globes Dun's 100 on the emerging trend in the United States and England to adopt stricter corporate governance rules pertaining to director remuneration.

August 10, 2016
Investors Search For Options Before Apartment Tax Comes Into Force

Following the announcement of Minister of Finance, Moshe Kahlon, of the Government’s intention to impose an annual tax on owners of 3 apartments and more, Adv. Liat Keisary, Partner at Barnea & Co., was interviewed by Bizportal. Liat discussed the pros and cons of the option of incorporation by the owners to hold the properties.

August 4, 2016
Barnea & Co. Represented Stride Gaming PLC

Dr. Dotan Baruch, Partner and Adv. Karin Kashi of Barnea & Co. represented Stride Gaming PLC, an online Bingo operator traded on AIM, London, in a major transaction recently. The Stride group acquired the assets and shares of Tarco Limited and Netboost Media Limited for consideration of up to GBP 40.2 million. GBP 22 million of  the amount will be paid in accordance with the 2017 EBITDA of the acquired businesses.

August 3, 2016
Moshe Kahlon Proposes New Apartment Tax

Minister of Finance, Moshe Kahlon, is proposing the imposition of an annual tax of 1% of the value, starting January 2017, on owners of 3 apartments and more. Adv. Liat Keisary, Partner at Barnea & Co., was interviewed by Globes and commented that owners will eventually find legitimate tax structures to mitigate this tax. Others that will not be able to save this tax will transfer the cost onto the shoulders of the tenants.

August 1, 2016
Cellect Biotechnology Completed a Nasdaq IPO

On 31st July 2016 Cellect Biotechnology announced that it has completed its Nasdaq IPO, raising $8.4 million. Cellect Biotechnology will be traded on Nasdaq in parallel with its listing on the Tel Aviv Stock Exchange. Barnea & Co. represented a group of US underwriters, led by H.C. Wainwright & Co., LLC, in the process of submission by Cellect Biotechnology of a prospectus for the Nasdaq listing. Cellect Biotechnology develops innovative technologies in the stem cells sphere.

July 28, 2016
Barnea & Co. represents Maurice Haliwa

Adv. Zohar Lande, Adv. Noa Havdala and Adv. Yaacov Gershoni from the Litigation Department at Barnea & Co. are representing Maurice Haliwa, a shareholder in Manor A.D. Construction & Investments Ltd. Mr. Haliwa filed a lawsuit against Jacky Ben-Zaken and Avraam Nanikashvili in the amount of NIS 18 million.

July 27, 2016
Reverse Vesting and Holdback – Good News for Entrepreneurs?

Earlier this month the Israel Tax Authority presented its position that the sale of equity by a founder should be treated as a capital gain and not income, irrespective of whether such shares had been subject to a Reverse Vesting mechanism and/or Holdback. A double edged sword for entrepreneurs.

July 26, 2016
Jerusalem Real Estate Scams and How to Avoid Them

Adv. Liat Keisary, Partner at Barnea & Co., was interviewed by Ynet in connection with the Jerusalem real estate fraud involving the sale of apartments using false documents. Liat explained that the public should pay attention to any warning signs and carry out the process in a structured manner.

July 24, 2016
CySEC is stepping up enforcement of Israeli FOREX companies

The Cyprus Securities and Exchange Commission (CySEC) has begun to increase enforcement on Israeli companies operating in the field of FOREX and binary options and promote reform that could hamper their operations. Dr. Dotan Baruch, Partner and Head of the Internet Department at Barnea & Co., was interviewed by Calcalist on this issue. Dotan remarked that Israeli companies operating in Cyprus are examining alternative places, such as Malta or Eastern European countries in the EU.

July 21, 2016
Barnea & Co. Was Selected to Work In Conjunction with the IDC Legal Clinic For Startups

Barnea & Co. was selected to work in conjunction with the IDC Legal Clinic for Startups in supporting law students and entrepreneurs from under represented sectors, in the 2016/2017 academic year.

July 13, 2016
"Made in Lod" Boot Camp

Barnea & Co. will participate today in the "Made in Lod" Boot camp. Made in Lod is a social enterprise, tech, and small business accelerator being directed by PresenTense and the Lod Young Adult Center. Adv. Yuval Lazi will discuss the common mistakes young startups make.

July 12, 2016
Calcalist Ranked Adv. Elad Pilpel as a Promising Lawyer in the Banking and Capital Markets Sector

Adv. Elad Pilpel from Barnea & Co.'s Capital Markets & Securities department was ranked by the "Calcalist" economic newspaper as a promising lawyer in the banking and capital markets sector for 2016 . 

July 7, 2016
Barnea & Co. represented Pharma Cosmetics Laboratories Ltd.

Adv. Ronit Offir, Partner and Adv. Itay Hatam from the Litigation department at Barnea & Co., represented Pharma Cosmetics Laboratories Ltd. (formerly HL Cosmetics Laboratories) in an IP claim against a beautician and her partner. The Rishon Lezion Magistrates Court recently awarded compensation in favor of Pharma and rejected the defendants' claim that the Copyright Act does not apply to the images and texts they copied from Pharma’s website.

July 6, 2016
Hedge Funds Do Not Need Regulation

Dr. Zvi Gabbay, Partner and Adv. Sapir Malul from the Capital Markets & Securities Department at Barnea & Co. express their views in an article for The Marker that the damage involved in applying the regulatory regime for hedge funds is immeasurably greater than the benefits, and may even cause a collapse of the entire industry.

July 4, 2016
Interview with Dr. Zvi Gabbay regards Nochi Dankner's conviction for securities fraud

Dr. Zvi Gabbay, Partner and Head of the Capital Markets & Securities Department at Barnea & Co. was interviewed by several media, following the conviction of Nochi Dankner for securities fraud. Dankner formerly controlled the IDB group and was one of the most powerful men in the Israel economy. Zvi noted that the verdict and its media coverage greatly contribute to the creation of a deterrent power of the Israeli Securities Authority and the prosecutor's office.

June 30, 2016
Proposal to reconsider the activist regulatory model of the Israel Securities Authority

An article by Adv. Zvi Gabbay and Andrey Yanai on the proposal to reconsider the activist regulatory model of the Israel Securities Authority applied to the public companies, allowing them to enjoy wider business and legal maneuvering room.

June 28, 2016
To Be or Not to Be a Director?

Investors, whether angels, VCs or corporates, typically demand a seat on the board of directors of their target company in return for their investment. For the full article by Ariella Dreyfuss, please click here

June 28, 2016
The Israel Tax Authority conducted an audit of short term landlords

Adv. Harel Perlmutter, Head of the Tax department at Barnea & Co., was interviewed by Globes following the announcement by the Israel Tax Authority regarding tax audits of short term landlords. Harel explained that these landlords are liable not only for the payment of income tax, but also for the payment of VAT.

June 27, 2016
The Effect of the Brexit Referendum Results on Online Gambling Companies - Interview with Dr. Dotan Baruch

Dr. Dotan Baruch, Partner and Head of the Internet Department at Barnea & Co. was interviewed by Calcalist on the effect of the Brexit referendum results on online gambling companies. Dotan expects that Malta can become an option for gambling companies who require an online gambling license from an EU Member State.

June 26, 2016
Brexit Effect on Real Estate Market in Britain – Interview with Gal Oren

Gal Oren, Partner at Barnea & Co. accompanying international companies and individuals in real estate transactions in Europe, was interviewed by Ynet on the possible economic implications of the Brexit vote on real estate prices. Gal advised to wait and see how much the prices will drop before buying or selling property in the country.

June 26, 2016
Opportunities for Israeli Investors in The Wake of The Brexit Referendum Results

Simon Jaffa, Founding Partner at Barnea & Co., was interviewed by Calcalist on the opportunities for Israeli investors, created by falling real estate prices in the UK, in the wake of the Brexit referendum results

June 23, 2016
Fear of extended uncertainty underlies Israeli Brexit concerns

A moment before casting the Brexit votes, Simon Jaffa Founding Partner at Barnea & Co. was interview for the Jerusalem Post on the possible implications of the vote on Israeli companies having presence in the U.K.

June 22, 2016
The Startup CEO Roundtable

IBM, Barnea & Co. and Marketing Envy will host a Round Table for CEO’s of start-ups which have raised over 1 million USD. As part of the program, Micky Barnea will discuss the challenges to be faced during second round capital raising.

The event will take place at Barnea’s offices. 

June 20, 2016
Interview with Simon Jaffa regarding “Brexit” vote in Britain

Simon Jaffa, Founding Partner, was interviewed by i24, the Israeli online news channel, on possible implications for Israel of the impending “Brexit” vote in Britain. (Simon's interview commences at minute 16 of the link)

 

June 14, 2016
Microsoft is buying LinkedIn for $26.2 billion

Microsoft announced a $26.2 billion deal on Monday to acquire professional social platform LinkedIn, for $196 per share. Following this transaction, Dr. Dotan Baruch, Partner and Head of the Internet department at Barnea & Co., who represents and advises Internet companies involved in mergers and acquisitions, was interviewed by Galatz radio on ”Good morning Israel” and by Israel Hayom newspaper regarding the transaction. Dr. Baruch said that "there is no doubt that the acquisition underlines the importance given to social networks and the expectation that significant profits can be made from these networks" 

June 9, 2016
Raising Funds and Selling Your Start-Up: Be Prepared

From day one most Israeli entrepreneurs are already looking for their exit. Unfortunately they are not always prepared and preparation is the key. For the full article, by Adv. Ariella Dreyfuss, please click here

June 9, 2016
Being on the safe side

TheMarker business monthly magazine for June, dealt with wealth and disclosed ”the secrets of 500 richest people in Israel”.

As an expert in  the area of family wealth, Micky Barnea was interviewed on how to transfer your wealth to the 2nd generation in the best way.

June 1, 2016
Property Contractors may be breaching Privacy Laws

Purchasers of Apartments in Afula were surprised to receive a call from a mortgage advisory company,  despite not having given the contractor prior consent to transfer their data to such company. The Ministry of Construction and Housing commented on this issue that "if necessary, we will sharpen the guidelines’’

The Privacy Protection Act regulates the use of personal information databases and providing this information to third parties without the individual's consent is illegal. Dr. Dotan Baruch, a partner at Barnea & Co., highlighted the seriousness of the matter and said that " the company should get the consent of the individual in order to offer a commercial transaction." 

May 31, 2016
Tel Aviv University MBA Hackathon

Adv. Yuval Lazi and Adv. Itay Gura attended at the Tel Aviv University to lecture to participants in the Tel Aviv University’s MBA Programs in Innovation and Entrepreneurship on some of the legal and commercial aspects of starting a business. The participants took part in a Hackathon on 30th May.

May 31, 2016
TAU Innovation Conference 2016

Barnea & Co. invites you to the TAU Innovation Conference 2016. The conference is the largest international innovation conference in the Middle East, with over 6,000 attendees from across the world. This includes entrepreneurs, industry leaders, diplomats, investors, and highly respected keynote speakers at educational and networking events. As Barnea & Co. is a participant in the event, our clients enjoy a 35% discount (Password:  TAUBarnea2016)

As part of the event, Micky Barnea will participate in the IPO and exits panel, Yuval Lazi will participate in the fundraising panel and Yuval Lazi and Ariella Dreyfuss will be judges at the Tel Aviv StartUp Challenge competition.

May 29, 2016
Barnea & Co. Represents Hanan Mor Group

Barnea & Co. represents Hanan Mor Group, a public traded company, and other companies of the Hanan Mor Group, in a lawsuit filed against them by the contractor relating to a number of real-estate projects.  The contractor claimed damages and requested an order to prevent the forfeiture of bank guarantees. The court rejected the contractor 's request. The court also accepted in full the arguments raised by Barnea & Co. and criticized the conduct of the other party, pointing out that the version of the other side "raises questions". The court awarded Hanan Mor Group fees and costs in the amount of NIS 12,000.The Hanan Mor Group is represented by Adv. Zohar Lande, Adv. Itay Wigoda and Adv. Shachar Parnes from the Litigation Department at Barnea & Co.

May 19, 2016
Minister Haim Katz questioned over insider trading allegations

Following the suspicions that Likud minister, Haim Katz, used insider information for financial gain, Dr. Zvi Gabbay was interviewed by Reshet B Radio station, at London & Kirshenbaum, a current affairs news show on Israeli Channel 10, and by Globes. 

May 18, 2016
Tel Aviv University nabs $50m donation

Simon Jaffa Adv. and Ariella Dreyfuss Adv. represented The Jeremy Coller Foundation in its donation of up to USD 50 million to the Tel Aviv University for its School of Management.

May 17, 2016
Micky Barnea will lecture on investment agreements

Micky Barnea will deliver a lecture to entrepreneurs tonight at TRI/O (Tech Entrepreneurship Hub) at Kfar Quasim, on investment agreements. TRI/O is a collaboration of three entities:  Tsofen, an Arab-Jewish organization promoting the integration of Israel’s Arab citizens into the hi-tech industry, MIT Enterprise Forum and MEPI - Middle East Partnership Initiative , a USA fund that offers assistance, training, and support to groups and individuals striving to create positive change in Israeli society.

May 10, 2016
Google Campus Startup School: Legal

Yuval Lazi will lecture (May 16, from 6:00 PM to 9:00 PM) at the Google Campus Startup School for entrepreneurs on 10 Annoying Legal Mistakes of Early Stage Start Ups as well as the advantages of Founders' Agreements.

Google Campus is part of a global network including Campus Tel Aviv and Campus London.

May 8, 2016
Things you need to know about stock options

How  options are being used as a tool to solve the problem for start-ups of recruiting, remunerating, incentivizing and retaining quality employees.

Daniel Lorber, head of the firm’s Employee Benefits and Executive Compensation team,  published an article in the IDC Legal Clinic for Start-ups website.

In the article, Daniel  reviews the basic concepts of options and discusses how to adopt a stock option plan and the possible routes  available for the company.

May 3, 2016
Barnea & Co. represented Azrieli Group

Barnea & Co. represented Azrieli Group in its acquisition of the eCommerce platform and activities of Buy 2 Networks Inc., a public company traded on the TASE. The acquired platform and activities  provide an eCommerce platform for consumers to purchase a wide range of products.

The acquisition price is NIS 70 million. Azrieli was represented by Micky Barnea ,Refael Kriman, Asaf Shalev and Ron Shuhatovich.

May 2, 2016
Securities and Exchange Commission's Staff Position - Trading Fraud - Has the Ship Sailed?

An article by Adv. Zvi Gabbay that critiques the Israeli SEC's staff position paper it issued and which details actions which may be considered as "Trading Fraud".

A short comparative review which was mentioned in the article indicates that the Israeli SEC’s staff position paper is problematic, hence it does not provide clear guidelines to the players involved in trading.

Similar positions issued in other countries lean towards providing guiding principles, as opposed to a detailed specific list of actions, as indicating fraudulent trading.

April 26, 2016
The initiative to limit executive salaries could drive away Israeli high-tech companies

The high-tech sector is concerned about the impending passing of legislation which would effectively further restrict the salaries payable to executives in the financial sector. The concern is that this legislation could be extended to apply all types of listed companies , including Israeli high-tech companies listed on venture capital markets abroad. Micky Barnea, as an experienced lawyer in the high-tech field, was interviewed by TheMarker

April 25, 2016
Barnea & Co. represented East and West Stores Ltd

Barnea & Co. represented East and West Stores Ltd, a leading importer of foods into Israel from the Far East,  in a dispute concerning the use of the trade name "East and West" and its trademarks.

Following an appeal to the Supreme Court filed by our litigation department,  the ruling made against the Company by the District Court ,which prohibited the Company from using the trade name "East and West" in some markets, was reversed (our firm was not involved in the District Court action).

The Supreme Court  also reversed the contempt of court ruling issued against the Company.

East and West Stores Ltd. was represented by Adv. Zohar Lande and Adv. Itai Wigoda. Adv. Ilan Blumenfeld assisted on the commercial aspects.

April 21, 2016
Barnea & Co.- one of the most decorated offices according to TheMarker

In an article on the best decorated offices, The Marker Real Estate magazine chose Barnea & Co. as having one of the most beautiful law firm offices.

 

April 18, 2016
Dr. Zvi Gabbay and his team are joining Barnea & Co.

Dr. Zvi Gabbay, who was previously head of administrative enforcement at the Israel Securities Authority, will be joining our firm with five lawyers from his team. Micky Barnea commented to Globes regarding this expansion "together we create integrated capabilities that can handle a variety of challenges that the world of public companies and financial regulation present".

 

 

April 17, 2016
Adv. Yuval Lazi to represent Barnea as a judge on "Demo Day"

Adv. Yuval Lazi will participate tomorrow as a judge at the final event of the Startau elite entrepreneurship program "demo day".

This program is a unique acceleration program intended for young entrepreneurs, whose involvement in the program commences at concept stage. The program gives these young entrepreneurs the tools and knowledge to advance the concept to the point where it is ready for investment within three months.

Among the judges will be Samsung Venture Invesment, Krypton Venture Capital and Deutsce Telekom.

 

April 12, 2016
TheMarker newspaper interviewed Dr. Dotan Baruch

The Israeli newspaper TheMarker interviewed Dr. Dotan Baruch,  a partner and head of our internet department, to discuss the new guidelines issued by the Israeli Tax Authority, according to which shall begin collecting  VAT and income taxes from foreign companies which conduct substantial business over the internet in Israel, such as Facebook and Google.

 

April 12, 2016
Legal Business: Israel 2016

The Legal Business magazine has dedicated its April edition to Israel, with a focus on current topics and trends in the country. Simon Jaffa was interviewed regarding Israel's high- tech industry.

April 11, 2016
China's Fosun to buy Dead Sea cosmetics

Yesterday, the signing ceremony of the Share Purchase Agreement for the sale of Ahava Dead Sea Laboratories Ltd. to Fosun (China), for approximately NIS 290 million, was held in Jerusalem. Micky Barnea, Ariella Dreyfuss and Itay Gura from our firm represented Kibbutz Mitzpe Shalem, one of the selling shareholders.

 

April 6, 2016
The watershed of the purchasing group- Interview with Ariel Nadler

A conversation with Ariel Nadler, head of Real estate department, regarding purchasing groups and the pros and cons thereof.

April 3, 2016
Yuval Lazi to participate in the student entrepreneurship program

As an expert in advising entrepreneurs, Yuval Lazi will be a mentor in an evening event involving 40 participants in the student entrepreneurship program at the University of Tel Aviv. The event will be held on Tuesday 05/04/16 at 6pm at Tel Aviv University

April 1, 2016
Enforcement Agreement - Is Any Confession Required?

An article by Adv. Zvi Gabbay that examines the willingness of the Israeli SEC to sign an enforcement agreement without a confession with regards to the offence by a violator and without such violator taking responsibility for such offence.

Additionally, the article states that comparing the administrative enforcement with the criteria of criminal enforcement would not necessarily be overlapping, and one not should expect a correlation between them.

Moreover, the article compares both the Israeli enforcement agreement policy and the United States enforcement agreement policy. The conclusion is that enforcement agreements without confession are not illegitimate and the intervention in the SEC's judgement will be acceptable only when there is a fundamental flaw in the enforcement agreement. 

March 27, 2016
Barnea & Co. represented Continuity Software

Barnea & Co. represented Continuity Software in a transaction for the sale of the company to Kedma Capital for an amount of NIS 160 million. Continuity Software is the leading provider of service availability risk management solutions.

Representing Continuity Software- Adv. Micky Barnea and Adv. Ariella Dreyfuss.
Adv. Yuval Lazi represented Kedma Capital.

 

March 22, 2016
Algorithmic Trading - An article by Moran Bickel

In recent months the ISA has  stopped the activity of many algo-trading companies, because their businesses constitute investment portfolio management without a license required by law. In an opinion article in Bizportal,  Adv. Moran Bickel argues that the ISA should create a specific regulatory system in order to assess algo- trading companies.

March 22, 2016
The Israel Securities Authority bans binary options

In a letter circulated yesterday to companies engaged in the binary options industry, ISA informed these companies that it has decided to completely halt binary option trading in Israel. Dr. Dotan Baruch, head of the Internet department, was interviewed by Calcalist on this development.

March 20, 2016
Latest changes in the process of hiring interns at law firms

In an opinion article in Calcalist Magazine by Adv.  Zohar Lande, Partner and Head of the Litigation Department in our office, he  discussed the latest changes in the process of hiring interns at law firms. According to Zohar, despite shortcoming in these changes, regulatory intervention is necessary.

March 17, 2016
Every country in crisis is an opportunity for invesotrs?

Adv. Gal Oren, partner at Barnea & Co., was interviewed by the prominent Israeli business newspaper, Globes, for an article regarding  the financial opportunities to be found in countries suffering economic crises.

March 15, 2016
Israel Broadens Definition of Accredited Investor

The prestigious Bloomberg BNA’s World Securities Law Report published  an article by Refael Kriman and Ron Shuhatovich discussing the recent order of the ISA regarding the accredited investor definition.

 

March 10, 2016
Raising of the retirement age for women- Globes magazine

Adv. Marie Tzion, partner and head of the employment department, was interviewed by Globes magazine (in Hebrew) regarding the raising of the retirement age for women " this move is important both for promoting gender equality and for the status of women in the labor market , but I believe that the Israeli labor market is not ready for it". 

March 7, 2016
A lecture by Micky Barnea at the BDO Academy

As an expert in the technology field, Micky Barnea was invited to lecture at a unique course for entrepreneurs organized by the BDO Academy, in association with the Technion’s Division of Continuing Education. Micky discussed founders agreements and investment agreements.

March 3, 2016
Globes IT magazine- Roundtable

As an expert in e-commerce and financial trading, Dr. Dotan Baruch was one of the five partners from leading law firms who participated in a roundtable held by Globes IT magazine. The subject of the event was Internet law, Cyber Protection, Privacy Information and the effects of technology. (P. 28-29)

March 1, 2016
Corporate Governance - From the Procedural to the Substantive

An article by Adv. Zvi Gabbay that discusses the need to examine Corporate Governance in terms of its substantiveness and not just through a procedural form. The article reviews the development of Corporate Governance from the time it was adopted in Israel in the mid-2000’s to the present and delineates general principles for further future developments, while highlighting the integration of tests of substantiveness that would allow the implementation of Corporate Governance in an optimal manner.

February 28, 2016
How Share Options Help To Grow Your Start Up

Azrieli College Of Engineering Jerusalem and AtoBe Start Up Accelerator will host an event on "How Share Options Help To Grow Your Start Up", in a partnership with Barnea & Co. and Excellence, on March 16, 2016. Micky Barnea will lecture at the event on Options for start-ups’ partners & employees.

February 28, 2016
Bizportal magazine interviewed Ariel Nadler for his comments on the change in the Sale Law

As an expert in Real Estate, Adv. Ariel Nadler was interviewed by Bizportal magazine regarding the change in the Sale Law, approved this morning by the Israeli Government. Ariel commented- "the only thing that can hurt homebuyers is the reduction of the Sale Law guarantees given to buyers of apartments, by the amount of the VAT element. This means that in the event of the realization of the guarantee, where the purchaser has paid VAT funds, the return thereof to the buyer will not be guaranteed.’’

February 24, 2016
Angel's Investor workshop

As part of our cooperation with MIT Enterprise Forum of Israel, our office will take part in an Angel's Investor workshop consisting of 6 meetings. Adv. Micky Barnea, Adv. Yuval Lazi and Adv Ariella Dreyfuss will lecture at the workshop.

 

February 21, 2016
Airbnb users may face a new tax reality

In the last few years the Airbnb platform has become a significant player in the tourist market, with a user base growing at 40% at the last year. Thousands of Israelis rent out their apartments through Airbnb and earned an amount equivalent to a monthly salary. The ITA has (until now) not been proactive in enforcing the taxability of such income. 

Adv. Harel Perlmutter was interviewed for the Ynet website and spoke about the new tax rules that may change this trend.

February 21, 2016
Relocation Seminar for employers

Barnea & Co. is pleased to be hosting a seminar for employers on relocation on March 9, 2016. The seminar will take place at our offices. At the seminar we will discuss various aspects of the relocation process. Among the speakers will be Marie Tsion, partner and head of our Employment Department, Zvi Kan-Tor, partner at Kan-Tor & Acco, as well as Michal Daliot and Hanni Ben-Shimol from Relocation. The seminar is being held in cooperation with Kan-Tor & Acoo and Relocation office.

February 16, 2016
Start-up nation- Israel and its tech sector

The British magazine "the Lawyer" published an extensive article about Israel's high- tech industry.

Several partners at leading law firms, including Simon Jaffa, were interviewed by the magazine and discussed the reasons which made Israel "the start-up nation" and about recent changes in the industry (P. 42-48).

 

February 16, 2016
Adv. Daniel Lorber represented Barnea as a judge on an investors panel

On February 15, Petah Tikva Entrepreneurial Community, in association with StarTAU, the Entrepreneurship Center at Tel Aviv University, hosted a panel of investment experts, which included Adv. Daniel Lorber. Participants presented their business venture ideas to the panel.

February 14, 2016
Barnea & Co represented Covercy

Adv. Simon Jaffa, Adv. Ariella Dreyfuss, Adv. Itay Gura and Adv. Karin Kashi represented Covercy, a Fintech start up in the foreign exchange and remittance industry, in raising financing in a round led by SGVC

February 9, 2016
TheMarker magazine interviewed Zohar Lande for his comments on Israel's next antitrust chief

Prime Minister Binyamin Netanyahu, has appointed Adv. Michal Halperin to be Israel's next antitrust chief. TheMarker magazine interviewed leading legal experts on antitrust Law, and asked them for their comments on this appointment. Zohar Lande commented: "One of the most significant challenges Adv. Halperin will face is maintaining the delicate balance between the continued encouragement of foreign companies that seek to enter and invest in the Israeli economy and the Israeli consumer who is grappling with the day-to-day cost of living".

February 9, 2016
Barnea & Co. represents Edison Investment Research in an agreement with the Tel Aviv Stock Exchange

In order to assist investors in Israel and abroad make prudent and informed investment decisions, the TASE concluded an agreement with Edison Investment Research to promote a unique model that has not yet been tried in the Israeli capital market. The new model involves Edison doing independent analysis for high-tech and biomedical companies traded on the TASE. This venture will be partially sponsored by the Israeli Stock Exchange.

Adv. Simon Jaffa, Adv. Refael Kriman and Adv. Isaac Hanania represented Edison.

February 4, 2016
Israeli Gambling Market review

Away from the media spotlight and public awareness, Israel has become a global player in the field of online gambling. Employees are able to make a career and earn good money in this field - but they do not always tell people what they do because of the negative image of this industry.

Dr. Dotan Baruch, head of Internet department at Barnea & Co. was interviewed by TheMarker for their Gambling Market Special Report.

February 2, 2016
Adv. Yuval Lazi and Adv. Inon Yogev join Barnea

Barnea & Co. continues its expansion and has recruited a further 12 Attorneys in the past few weeks. Micky Barnea commented to TheMarker regarding such expansion: Lazi and Yogev joining with their teams is a result of the firm’s growth and allows us to continue providing top legal service.

January 27, 2016
Micky Barnea was interviewed by Globes and asked how TASE can encourage high-tech companies to register on the Israeli stock exchange

As an expert in Capital Markets, Micky Barnea was interviewed exclusively by Globes regarding the TASE "poor year" in 2015. In the interview, Micky describes the reasons for the situation: stifling regulation, low turnover, high costs, and describes what he thinks TASE should do in order to attract new companies to TASE.  

January 25, 2016
Nespresso suing Espresso Club for using George Clooney lookalike advert

Adv. Zohar Lande, head of the Litigation practice at Barnea& Co., alongside with Adv. Itay Hatam and Gilli Cohen-Arazi  from Barnea's litigation team, are representing Espresso Club Ltd., an Israeli corporation, in an IP claim filed against it by Nespresso and Nestle.

January 22, 2016
Barnea & Co. represents Espresso Club Ltd.

Barnea & Co. represents Espresso Club Ltd., an Israeli provider of home espresso machines using a capsule system, in a claim filed against them by Nespresso Israel, as well as the international Nestle and Nespresso corporations. The Plaintiffs’ claim that a TV commercial of Espresso Club, which features a George Clooney double, denigrates their brand's image and tarnishes Nespresso's reputation by ridiculing the Nespresso image. For the full article, Fox news, please click here

January 21, 2016
Barnea & Co. hosted Unistream's investment committee

As part of our cooperation with Unistream, our office hosted the Organization's investment committee.

At the meeting, the participants presented a business venture developed during the program.

Adv. Micky Barnea and  Adv. Ronit Offir were chosen to be members of the jury, which also comprised CEO's and industry executives (eg. Microsoft), investment managers and directors of venture capital funds. 

 

January 21, 2016
District Court in Tel Aviv dismisses claim by Malibu against the Har-Gil family

Adv. Zohar Lande, Adv. Ronit Offir and Adv. Gal Livshits represented the Har- Gil family, the defendants in a claim for NIS 13 million filed by the real estate company, Malibu. The dispute related to payments allegedly owed by the Har-Gil family with regard to a plot of land owned by the Har-Gil family, developed by Malibu. The District Court in Tel Aviv dismissed the claim with prejudice.

 

January 17, 2016
The Herzikovitch inheritance dispute- interview with Micky

Mickey Barnea was interviewed for an article in Globes, regarding the Herzikovitch family dispute. Micky is an expert in the area of family wealth and in the article, Mickey described how families can, as far as possible, avoid such conflicts.

January 12, 2016
Barnea & Co. advises Johnson & Johnson regarding its participation in a $28m investment round carried out by Israel's V-Wave

V-Wave, a privately held company with offices in Israel and the U.S., completed a Series B financing round in the sum of $28m.

The round was led by Johnson & Johnson Innovation - JJDC Inc. (represented by Barnea & Co.). Other participants were TriVentures, Pura Vida and BioStar Ventures. Eli and Nir Barkat's BRM fund, Pontifax and Edwards Lifesciences, which were already shareholders in V-Wave, also participated.

January 7, 2016
Adv. Isaac Hanania to represent Barnea as a judge in an investors panel

On January 10, Petah Tikva Entrepreneurial Community, in association with StarTAU, the Entrepreneurship Center at Tel Aviv University, will host a panel of investment experts. Participants will present their business venture ideas to the panel. 

 

January 6, 2016
Lexology Navigator - Arbitral proceedings in Israel

As a litigation expert, Zohar Lande was chosen to be the author of the Israeli chapter of "Lexology Navigator - Arbitral proceedings in Israel ".

In this exclusive chapter, Zohar provides a market and regulatory overview in respect of Israel.

 

January 6, 2016
Rafael Kriman comments in Bizportal regarding the failed negotiations between Clal Insurance and Macrolink

The negotiations for the sale of Clal Insurance Enterprises Holdings Ltd. to Chinese company, Macrolink, fell through and the price of the publically traded shares of Clal Insurance has been falling. Adv. Rafael Kriman, an expert in Capital Markets, was interviewed by Bizportal.

January 4, 2016
Finally, crowdfunding comes to Israel

Ariella Dreyfuss Adv. and Refael Kriman Adv. published an article in the leading legal English website "The Lawyer" discussing the new law in Israel relating to alternative means of raising funds. The goal of the law is to assist small Israeli companies in their efforts to raise funds through the social phenomena of crowdfunding, and the establishment of high-tech funds to be traded on a new index on the Tel Aviv Stock Exchange.

January 1, 2016
Barnea & Co. appoints 4 new partners

Effective as of January 1, 2016, Barnea & Co. appointed 4 new partners: Ilan Blumenfeld who specializes in Antitrust laws, the Kibbutz sector and advising on corporate matters; Refael Kriman who specializes in advising on capital markets and securities law; Liat Keisary who specializes in advising private clients and on real estate law; and Ariella Dreyfuss who specializes in advising technology companies and on M&A transactions.

 

December 28, 2015
2015 employment laws: important rulings made this year

The leading Israeli newspaper Globes, interviewed employment experts, including Adv. Marie Tsion, in order to discuss the most influential rulings in this area.

December 23, 2015
Exemption from responsibility, indemnification and insurance of officers associations - is it possible and how?

Arrangements for exemption from responsibility, indemnification and insurance of officers associations (in the benefit of the public) have been gaining momentum recently, both by officers in these organizations seeking shelter under these arrangements, similar to officers in commercial companies, as well as from insurance companies that see the third sector as a potential market.  

December 22, 2015
Hungary- the standard VAT rate of 27% will be reduced in 2016 to 5% for the sale of newly constructed residences

Since the number of newly constructed apartments and houses dropped drastically in Hungary in recent years, the aim of the VAT amendment is to increase the number of residential properties available on the Hungarian market. Adv. Gal Oren, who has extensive experience in the Hungarian market, was interviewed by Calcalist.

December 14, 2015
Israeli private and public companies may submit documents to the Companies’ registrar in English

In an article published in The Lawyer and Lexology, Adv. Ariella Dreyfuss and Adv. Asaf Shalev explain that a new draft bill, published at the beginning of the month, proposes that Israeli private and public companies should be able to submit documents to the Israeli Companies Registrar in English. The aim of the bill is to ease the process for foreign parties interested in investing in Israeli business and participating in Israel’s high tech story.

December 9, 2015
Technology, Media & Telecommunications 2015 round table

Micky Barnea was one of nine experts from around the world who participated in the "Corporate Livewire" virtual round table. The subject of the event was Technology, Media & Telecommunications 2015. 

Micky discussed recent regulatory changes, key trends and Intellectual Property in the Media Industry.

December 8, 2015
InterGame 2016 directory

Our firm was chosen as one of the three best Israeli law offices providing services in the gaming and gambling industry by the InterGame 2016 directory. The InterGame is the ultimate portal for the coin-op amusement, casino and online gaming industries.

November 29, 2015
Employee or independent? Ways to save money at the fast approaching end of the tax year, 2015.

What can the taxpayer do to take advantage of available tax breaks and allowances?

Tax experts, including adv. Harel Perlmutter, discuss these issues on Ynet.

November 27, 2015
Overview of the changes in the Internet gambling industry by Dotan Baruch

Increasing competition in the online gambling industry is motivating leading players in the industry to try to find new sources of income.

November 26, 2015
Israel signs OECD Automatic Tax Information Exchange Agreement

Israel signed the Organization for Economic Cooperation and Development’s Multilateral Competent Authority Agreement (MCAA) to facilitate the automatic exchange of financial information, boosting the number of signatories to 91 and enhancing the global efforts against tax evasion, the OECD announced. 

Harel Perlmutter was interviewed by Bloomberg BNA about this agreement. 

November 22, 2015
Israeli home prices rose in Q3

Israel's Government Assessor published today the fact that home prices rose 1.4% in the third quarter of 2015.

Adv Ariel Nadler, head of our Real Estate Department, was interviewed by Bizportal, saying that he believes that only an all encompassing solution to the problem of high property prices in Israel can stop this upward trend.

 

November 22, 2015
The average price of a home continued to rise in the third quarter

Ariel Nadler was interviewed by Globes regarding the Government Assessors Office report of a 1% rise in home prices in Israel's 16 largest cities from the second quarter and a 3% rise from a year ago.

November 13, 2015
Reform of Regulations Relating to Vetinary Supervision is important news for consumers in Israel

Recently the Economic Plan Bill, 2015 was enacted in Israel, which, inter alia, deals with regulations pertaining to veterinary supervision over meat products being marketed in Israel and introduces certain reforms in this regard. These reforms are important news for consumers in Israel, both in terms of protecting public health and considering the reform’s significant potential for reducing the cost of living. To read the full article, by Ilan Blumenfeld, please click here

November 9, 2015
Barnea & co. represents Mr. Haim Levy

The trend for Israelis to operate investment companies abroad can lead to business disputes; Adv. Zohar Lande and Adv. Gal Livshits from Barnea & Co. represent Mr. Haim Levy, known for his book "Real estate in Jeans", in a million dollar lawsuit against two of his business partners who founded a real estate company in the United States.

November 5, 2015
Summations filed in the Tisch versus Yogev case

After nearly three years of litigation proceedings relating  to Edwin Tisch's claim against Ori Yogev, summations were submitted yesterday.  Tisch claims that Whitewater and Yogev made false representations and acted fraudulently, causing Tisch to invest millions in Whitewater Holdings. According to Tisch, Yogev intoduced the project as the "Checkpoint" of the water industry, and "it is designed to change water treatment in Israel and abroad".

November 3, 2015
Israel and Australia in tax treaty talks

The Israel Tax Authority is negotiating a treaty for prevention of double taxation with Australia.

Adv. Harel Perlmutter, who specializes in international taxation at the Barnea & Co. law firm, believes this progress is "wonderful news. Israel and Australia have excellent economic and political relations, and Israeli investment in Australia has tripled over the past three years. At the same time, no significant talks have yet taken place on a tax treaty between the countries. This lack of a treaty sometimes brings about situations of double taxation and uncertainty, together with problems of withholding tax in trade and business, especially among Israeli companies seeking to operate and invest in Australia, and vice versa."

November 2, 2015
Lee Alter Kizis will lecture at the Upper Galilee Human Resources Managers Forum

On 11/18/15  Adv. Lee Alter Kizis, to lecture in a Human Resources Managers Forum at Caesarea.

The forum includes CEO’s and HR managers of leading companies and meets once a month. Lee will give a lecture on the importance of labor agreement

October 29, 2015
"Dos and don'ts" in employees agreements: recommended modifications in light of Court decisions.

Barnea & Co. 's head of Labour department, Marie Tsion, was interviewed by Globes. Marie described what employers should be including in employee agreements.

October 12, 2015
Barnea & Co. represents AFI group

Adv. Gal Oren represents the AFI group in a transaction for the construction two office buildings in Romania. The matter value is 50 Million Euro

October 6, 2015
The new R & D Law in Israel

On July 29, 2015 the Knesset passed an Amendment to the Encouragement of R&D in the Industry Law.

Micky Barnea, who specializes in advising companies of all sizes and from all industries: venture capital funds, entrepreneurs, and Israeli and international investors in technology and life sciences, refers  in "Globes" on the benefits of the new R & D Law.

October 6, 2015
Barnea & Co. represented Bruker Nano

Barnea & Co. represented Bruker Nano, an American company, traded on Nasdaq, in its acquisition of Jordan Valley Semiconductors for $53m.

The acquisition uniquely positions Bruker to offer unmatched solutions for advanced problems in nanotechnology research and semiconductor metrology.

Adv. Simon Jaffa and Adv. Daniel Lorber represented the client.

September 29, 2015
The Supreme Court: "A foreign company can be liquidated in Israel".

A precedential ruling by the Supreme Court has held that a foreign company can be liquidated in Israel.

Adv. Zohar Lande commented on this decision as follows: "The Supreme Court has extended the existing boundaries of the application of Israeli liquidation law to foreign companies."

September 28, 2015
Israel Opens New Casino Inquiry With Netanyahu Backing

Following the declaration by Israeli Prime Minister, Benjamin Netanyahu, regarding the possibility of opening for the first time of a casino in Israel, the exclusive Gambling Compliance Magazine interviewed Dr. Dotan Baruch, an expert in Internet law, specializing in the internet gaming area. Baruch states that: "There is a higher probability for this to succeed this time. The reason for that being that due to the economic situation in Israel (and generally in the world), the government is seeking additional sources of income, which a casino could bring."

September 8, 2015
"Lishtot" wins StartUp Open Israel competition

The winner of the  "Start up Open" competition is "Lishtot" an Israeli startup which has developed technology that indicates in 2 seconds if water is polluted, thereby reducing the risks of drinking polluted water. The event was held at Hansen House in Jerusalem.

Barnea & Co. was involved with the competition from inception for the second year, together with the Jerusalem Development Authority, JNext, the Jerusalem Municipality, the Prime Minister's Office, MIT Enterprise Forum of Israel and others. 

 

September 7, 2015
Barnea & Co. represents Tonstate Group

 

The UK real estate investment company, Tonstate Group, is suing the PBC Group and its partners for GBP 88.5 million (approximately NIS 500 million) in the UK courts.

Tonstate is represented in the UK by the law firm, Rosling King. Zohar Lande of Barnea & Co.is assisting Rosling King in the action.

September 7, 2015
Lexology Navigator - Employment & Labour

September 2, 2015
New business in ancient lands

As an M&A expert who is highly experienced in multi-jurisdictional transactions, Simon Jaffa was interviewed for the August edition of the China Business Law Journal. The article deals with China’s interests in the Middle East. Simon was selected by the Journal to represent Israel in its section on the Middle East on the strength of his prominence in Israel as an expert in the above field. To read the full article, please click here (p.109)

August 20, 2015
​Which employee has a right to have a day off and when – and who must go to work?
Marie Tsion, head of employment department, was interviewed by Globes.
August 19, 2015
Barnea & Co. represented Kibbutz Shefayim

Kibbutz Shefayim filed a request yesterday to the Tel Aviv District Court to declare Yehuda Doron, the former treasurer of Kibbutz Shefayim, as bankrupt, if he does not pay within one week the sum of NIS 14.6 million. This amount represents the majority of the money in respect of which Doron was convicted of theft. 

August 11, 2015
Israel home sales reach all-time monthly record
The Ministry of Finance has published data showing a 42% surge in apartment purchases to a record 16,100 apartments in June. This " wave of sales" is a result of  investors trying to buy before implementation of the new purchase tax. Maya Zisser Ben Tal, partner in the real estate department, was interviewed by some leading newspapers and websites – Globes, Calcalist, Ynet and Bizportal, saying that she doubts if the new purchase tax will eventually reduce high prices in the housing market.
August 11, 2015
Israel home sales reach all-time monthly record

The Ministry of Finance has published data showing a 42% surge in apartment purchases to a record 16,100 apartments in June. This " wave of sales" is a result of  investors trying to buy before implementation of the new purchase tax. Maya Zisser Ben Tal, partner in the real estate department, was interviewed by some leading newspapers and websites – Globes, Calcalist, Ynet and Bizportal, saying that she doubts if the new purchase tax will eventually reduce high prices in the housing market.

August 6, 2015
Barnea helps employees to ease Light Rail disruption

Following the chaos expected from Tel Aviv light rail work, some employers are trying to find creative solutions for their employees.
Barnea & Co. was interviewed by a leading economic show on the 2nd TV Channel, as an employer which takes care of its employees.

August 4, 2015
225 companies have been de-listed from the Tel Aviv Stock Exchange in seven years - why it happened, and how to stop the flight?

Controlling shareholders and company managers complain about the stifling regulation, low turnover, high costs, the intervention in determining wages, and a negative image following the social protests. The leading newspaper, TheMarker, interviewed stock exchange experts, amongst them, Micky Barnea, to discuss why it happened, and how to stop the flight.

August 2, 2015
Barnea & Co. represented Stride Gaming plc

Dr. Dotan Baruch, partner and head of Internet department at Barnea & Co. represented the leading gambling company, Stride Gaming plc, in its acquisition of the entire issued share capital of InfiApps Limited.

Stride Gaming plc, which is listed on AIM, acquired the entire issued share capital of InfiApps Limited, a profitable Israeli internationally-focused mobile social gaming company.

The total consideration payable for the acquisition is up to $39.2 million. Of this, an initial consideration of US$21.2 million in cash will be payable on completion, together with an additional earn-out consideration of up to $18 million payable in cash, determined by the EBITDA generated by InfiApps in the two years following completion of the acquisition.

 

July 30, 2015
Noa Havdala to participate in an executive panel of the "Olim Beyahad"
Adv. Noa Havdala, partner in the litigation department, will participate tomorrow, 31.07.15, in an executive panel of the "Olim Beyahad" The "Olim Beyahad" Non Profit Organization is working to promote the full integration of the Ethiopian community in in all aspects of mainstream Israeli life, including employment, housing, education, and social spheres. The panel will deal with employment opportunities for academic graduates in the various companies, with emphasis on the potential for advancement and career development.
July 26, 2015
Micky Barnea says to Globes: "2014 Israel Gaza conflict still influences foreign investment in Israel"
Micky Barnea, Managing Partner of Barnea & Co., was interviewed last week by Globes newspaper. Micky spoke about his personal life and earlier career. He also shared his thoughts regarding Israel’s deteriorating status in the world which is keeping some foreign investors and businesses away from Israel. To read more, please click here
July 14, 2015
Housing cabinet approves subsidized housing program

The housing cabinet, headed by Finance Minister Moshe Kahlon, confirmed yesterday a long series of decisions made by the cabinet, relating primarily to relief on property prices.
The Financial magazine, Globes, published comments by certain real estate experts regarding these measures. One of the experts, Maya Zisser, a partner in the real estate department of our firm commented that she doubted whether the promises made will be fulfilled. 

July 12, 2015
How to sprinkle star dust of the high-tech industry on the TASE?

The Israeli corporate governance rules discourage technology companies from listing on the TASE. However, with some simple steps this all can be changed.
Israel's position as the Startup Nation is reflected in the fact that multiple local technology companies are listed on the US and London Stock Exchanges. However, the TASE has never managed to make itself an attractive  target for Israeli high-tech companies. Thus, while many technology companies today prefer the purchase option of an initial public offering, such companies seeking to issue shares do not regard the TASE as an attractive or even relevant option. They prefer to turn to international exchanges.

July 12, 2015
Barnea & Co represented Blender

Israeli startup Blender announced today that it had raised $5 million from Blumberg Capital. The company has raised $3.5 million since it was founded, not including the current round. 

July 5, 2015
Banking & Finance 2015

Corporate Live Wire held a Banking & Finance Roundtable with experts from around the world, including Simon Jaffa. The international experts examined the recent regulatory changes and developments in each expert's respective jurisdiction.

June 30, 2015
New Requirements Increase Risks for Directors

Does the new summary report which was published by the  Israel Securities Authority on the subjects of dividend distributions and buy-backs of shares, place high barriers to the ability of boards of directors to pass future resolutions? 

June 28, 2015
Could Plus500’s Anti Money Laundering problems prejudice future Listings by Online Trading Companies?
On 18 May 2015, Plus500 , an AIM listed company, announced that the UK Financial Conduct Authority had demanded a review of its Anti-Money Laundering financial sanction systems and other related regulatory controls. Plus500UK Limited was obliged to suspend all transactions for existing customers until additional AML procedures have been implemented. Not surprisingly, the share price of Plus500 dropped dramatically. Globes, a leading Israeli newspaper, published an article, including interviews with experts in the field of company listings in London, analyzing what happened to the successful online securities trading company. As an expert in IPO’s in Israel and London, Micky Barnea stated that: The Plus500 matter would make it difficult for other Israeli companies in the industry to list on the stock exchange, even though AIM is the friendliest Stock Exchange for this industry.
June 25, 2015
Employment of youths in the summer vacation
As an expert in Labor law, Marie Tsion was interviewed in the economic section of "Yedioth Ahronot" regarding the employment of youths in the summer vacation. Marie elaborated on the relevant requirements for an employer who decides to hire youths.
June 23, 2015
New affidavit supports Tisch's WhiteWater claim

Globes has revealed an affidavit by Dror Picard which is part of the dispute between the shareholders of Whitewater Water Technologies, which is in receivership with creditors owed about NIS 19 million.
In the affidavit, Mr. Dror Picard states that Hana Gertler admitted that Uri Yogev had deceived her as well, thereby inducing her to invest in Whitewater.
The claimant in the action, Benny Tisch, is represented by Barnea & Co. Tisch is claiming that Whitewater and Yogev made false representations and acted fraudulently, causing him to invest millions in Whitewater Holdings. 

June 7, 2015
Johnson Matthey buys Israel packaging co StePac

StePac, which has developed and manufactured special packaging, has been sold to Johnson Matthey Investments for £18 million in cash by DS Smith, which owned all of StePac. Barnea & Co. represented DS Smith in the deal.

June 3, 2015
StartUp Open Israel is underway
Global Entrepreneurship Network Israel, Barnea & Co Law firm, The Jerusalem Development Authority, JNext, The Jerusalem Municipality, The MIT Enterprise Forum - Israel,  Israel advanced technology industries, Made In Jerusalem and more leading hi-tech entities have organized for the 2nd time  a competition for early stage startups. The Israeli Company which wins StartUp Open will receive a package of services worth thousands of shekels and will automatically be entered into the list of the World's Top 50 Most Promising Startups, also known as the GEW50. Registration for StartUp Open Israel 2015 will be open until July 13th , 2015. After a thorough process of judging, the final round of the StartUp Open competition in Israel will be held at Jerusalem on September 7th, 2015 in front of an audience consisting of entrepreneurs, managers, investors, researchers, and government representatives.
June 2, 2015
Tadiran to acquire Supergas

Tadiran Holdings Ltd., controlled by Moshe Mamrod, is acquiring the gas distributor, Supergas, from Granite Hacarmel, a unit of Azrieli Group Ltd., for NIS 250 million. Micky Barnea and Ilan Blumenfeld represent Granite Hacarmel. 

May 28, 2015
Exclusive Q&A On Banking & Finance With Simon Jaffa

As an Israeli expert in Banking & Finance, Adv. Simon Jaffa participated in a Q&A by the leading CorporateLivewire website.  Simon reviewed the recent regulatory changes in the area, key trends expected to be seen over the coming year.

May 27, 2015
Barnea & Co. represents TDT Specialist SRL

Eli Reifman, former CEO of Emblaze, and managers at MCE Systems are being sued by a Romanian company,TDT Specialist SRL, for 63 NIS million. TDT is represented by Adv. Zohar Lande, Adv. Ronit offir and Adv. Gal Livshits. 

May 21, 2015
Barnea & Co. hosted a delegation from Peru
As part of our collaboration with Startau, Tel Aviv University's Entrepreneurship Center, our firm hosted today a student delegation from Peru. The event included lectures by Adv. Micky Barnea, managing partner and by Lior Weizman, Eco System development Manager Cloud, Start ups and Academia, From IBM.
May 14, 2015
Is the online financial trading industry part of Israeli high-tech?
Micky Barnea, Managing Partner and Head of the Technology department published an article in the IVC annual high-tech book. In the article, Micky asserts that although online financial trading is focused on financial tools, the ability to innovate is a key ingredient in the success of online financial trading companies. As such, they should be treated as high-tech companies.
May 7, 2015
Top FX figures meet venture capital firms in Tel Aviv: Is the age of funding here?

Senior industry figures from a host of FX companies met top venture capital investors in Tel Aviv, Israel today at the conference hosted by Barnea & Co. and the IVC. To read more, please click here

May 3, 2015
The birthday of her Majesty Queen Elizabeth II
Barnea & Co. was pleased to be one of the sponsors of and to participate in the British Embassy’s party to honor the Queen’s birthday. The British Ambassador to Israel, Matthew Gould, and his wife, Celia, hosted 1000 guests at the Ariel Sharon Park Recycling Mountain. The event was focused on UK/Israel collaboration in technology, with a showcase of Israeli innovation, in partnersip with the UK.
April 30, 2015
Joint interview – Micky Barnea and IVC CEO - Mr Koby Simana

Mickey Barnea, managing partner of Barnea & Co., and Koby Simana, CEO of IVC Online, in a joint interview focused on the area of financial trading platforms. In the interview Micky discusses the effects of the new Israeli regulations pertaining to the activities of trading platforms. These regulations will come into effect on May 26, 2015.

April 28, 2015
"Voluntary retirement plans": what the employee needs to know

Last week Teva and Cellcom announced voluntary retirement plans for certain employees.  Teva offers early retirement to 200 employees. The plan includes a retirement package on particularly beneficial terms, markedly higher than what prevails in the market.

Cellcom offers  every employee with 30 months or more of seniority the possibility to terminate his work at the group, with a substantial economic parachute in the form of especially generous retirement terms. The plan includes an attractive basket of benefits with a limited number of places.
Starting now and during an entire month, all company employees meeting the seniority criterion can submit a request to management for inclusion in the plan.

Following those offers, Marie Tsion was interviewed by Globes and discussed the influence of workers' committees: "Once there is a worker's committee and  convergence of interests - a voluntary retirement plan is the best solution. An Employer understands that in this way it will achieve maximum results and pay less, eventually. If the CEO feels he has a partner he will always prefer the dialogue ".

April 22, 2015
Legal Business: Israel 2015

The Legal Business magazine has dedicated its April edition to Israel, with a focus on current topics and trends in the country. Michael Barnea and Simon Jaffa were interviewed regarding Chinese interest in doing business in Israel. "In some respects because of the geopolitical  limitation, there is less competition for certain deals. Investors may not face as much competition as businesses in the US and UK," says Barnea.  

April 21, 2015
Legal Business: Israel

As an expert in the Infrastructure and Gas industries, Simon Jaffa was interviewed by the Legal Business magazine, concerning the current uncertainty arising from the anti-trust commissioner’s intervention in the ownership structure of Israel’s gas fields, saying: 'all this uncertainty puts off foreign companies coming into Israel and investing'.

April 13, 2015
Want a donation? Do you think like us? Adv. Asaf Shalev, Maariv

As part of the coalition negotiations, the" HaBayit HaYehudi" party demands the amendment of the "Non-Profit Organizations" Law  as a condition of its entry to the government. Adv. Asaf Shalev, a senior lawyer at Barnea & Co., who specializes in advising non-Profit organizations, has written in an opinion piece which has been published in Maariv.

March 31, 2015
"Globes" Dun's 100 law firms rankings for 2015
The "Globes" Dun's 100 law firms rankings for 2015, ranks Barnea & Co. as experts in: International commercial, high-tech, infrastructure and project finance, litigation and capital markets.
March 25, 2015
How the new government will cope with failures in the real estate market?
Following last week's elections, "Eched Ha'am" Magazine organized a  real estate experts round table in order to discuss the current real estate crisis, possible solutions and provide a forecast for the future. Ariel Nadler, partner and head of the Real Estate department at Barnea & Co., spoke about market failures, the challenges and weaknesses in the existing solutions.
March 24, 2015
SAVE THE DATE: Online Financial Trading NOW, May 5th Tel Aviv
Barnea & Co., IVC, and SpotOption invite you to "Online Financial Trading NOW" Conference. The conference will deal in opportunities, challenges, innovations and trends in the Online Financial Trading Industry. The event will be held on Tuesday, May 5, 2015, 08:30-13:00 at Meirhoff Gallery, Dovnov 8, Tel Aviv.
March 18, 2015
An Overview Of Gambling Law In Israel

Dr. Dotan Baruch, an expert on gaming and gambling, wrote the Overview Of Gambling Law In Israel in the leading 360Law website.
In his overview Dotan provides an analysis of  current laws in Israel and discusses innovations and possible future developments therein.

March 16, 2015
Election Day: Can the employer oblige you to work?

Election Day in Israel is considered a day off. The employer cannot oblige its employees to work without this day off - except for a series of public services established by the CEC. As an expert in the employment field, Marie Tsion was interviewed by Ynet regarding the rights of employees.

March 15, 2015
Barnea & Co. represented Athena SCS Limited

Barnea & Co. represented Athena SCS Limited, a UK based company, and its shareholders in the sale of the company to NXP Semiconductors NV, a Nasdaq listed company. Athena is an independent UK-based developer of state-of-the art smart card solutions for access, enterprise, eGovernment, transportation, payment and mobile solutions.

March 11, 2015
Is it mandatory to publish an immediate report about negotiations regarding a potential transaction?

Recently, Judge Ruth Ronen of the Economic Department of the Tel-Aviv District Court handed down a ruling on the matter of a tender offer published by Africa-Israel Industries in 2012 for the purchase of shares of Negev Ceramics. 

March 7, 2015
Barnea & Co. represented eight defendants in case relating to well known property project
After seven years of litigation Advocates Zohar Lande, Ronit Offir and Gal Livshits of Barnea & Co successfully  assisted their clients to defeat a claim of NIS 10m filed by Shragai and Sons Ltd, a contractor, against their clients. The claim related to the high profile Telzstone development near Jerusalem. The claim was dismissed by the Court with costs awarded against the Plaintiff.
March 2, 2015
Human Resources Managers Forum at the Emek Yezreel

Marie Tsion  to participate in a Human Resources Managers Forum at the Emek Yezreel Academic College. Marie was lectured about the importance of employment contracts and the way it may influence the position of HR manager in the organization.

February 17, 2015
A hi tech attraction/ Israel special report

Despite the conflict in  Gaza, 2014 was an extremely busy year for Israeli Hitech M&A transactions.
Several partners at leading law firms, including Simon Jaffa, were interviewed by "The Lawyer" to review last year’s results and discuss the technology market.

February 4, 2015
Dispute between Israeli company and Royal Jordanian Airlines erupts over package tours for Israeli Arabs to Saudi Arabia via Jordan
Milad Aviation Ltd., an Israeli company, is claiming that Royal Jordanian Airlines negotiated in bad faith for many years, delaying the conclusion of a written agreement, and then hijacked the whole venture for themselves. Milad Aviation Ltd, represented by Adv. Zohar Lande, threatens lawsuit of NIS 20 million against Royal Jordanian Airlines. For the full article, please click here
February 1, 2015
Round Table: Director responsibility in today’s era

Due to the many regulations, legal advisors and statements of claims, the directors of public companies do not know if it's their job to manage or supervise. Micky Barnea, a renowned figure in this field, was invited to be a member of a panel of experts to discuss the responsibility of the Board of Directors in the new era.

January 29, 2015
Mergers & Acquisition 2015 - Virtual Round Table

Corporate Live Wire held a Mergers & Acquisition Roundtable  with five experts from around the world, including Simon Jaffa.
The international Mergers & Acquisition experts examined the latest changes and developments in each expert's respective jurisdiction.
The mergers & acquisition roundtable  provides in depth analysis of the latest trends in the M&A arena. This included topics such as the main risks and challenges facing cross-border activity, tax implications and the strength of technology-based investment in Israel.

January 27, 2015
The Implications of violating Facebook’s terms and conditions

Recently, one of the most popular Facebook pages in Israel, by the name of "Twitting Statuses", was suspended and later permanently removed by Facebook. The reason for such action was that the operator of that page (the "Operator"), so it is understood, was paid to publish commercial content on that Facebook page, without going through the Facebook advertising system and without providing any due disclosure that such content was indeed paid for. It appears that the Operator offered various media packages to advertisers fixing prices based on different kinds of exposure on this page.

After this manner of operation became public knowledge, Facebook suspended the page and a few days after that permanently removed it. Facebook stated that these actions were taken because the Operator had breached Facebook's terms and conditions. According to Facebook, the Operator received warnings about his manner of operation, but ignored them. Despite the Operator's efforts, which included going public with Facebook's actions and publishing a letter sent from him to the head of the Israeli office of Facebook, his efforts to change Facebook's decision were unsuccessful.

Without getting into the legal spat between Facebook and the Operator, this turn of events proves the importance of following the terms and conditions of Facebook. All of the work and effort of the Operator will probably go down the drain, causing him substantial financial loss and diminution in value in connection with this Facebook page. And this is not something to trifle with - according to newspaper reports, the Operator, prior to this turn of events, asked to receive NIS 10,000,000 (approx. USD 2.5M) for the page and had 700,000 followers (and claimed to reach exposure of millions).

Given the fact that this kind of business lives or dies on the existence of the Facebook page, and that it operates on a platform owned by a third party, it goes without saying that where the business is intended to generate followers and create value without adhering to the terms and conditions of the third party owned platform, it is reasonable to believe that sooner rather than later, such value will dissolve into thin air. Further,  where there are third party investors that are involved in such a business, this could establish a cause of action against the entrepreneur who used their investments for purposes of the business; where such a core fundamental element of the business is questionable, there is a possibility that the investors will seek to recover damages from the entrepreneur.

So, entrepreneurs – pay close attention to the rules of any third party you rely on for the purpose of creating value for your business, failing which , you could expose yourself to financial difficulties on a number of fronts.

January 13, 2015
Marie Tsion will lecture at the Upper Galilee Human Resources Managers Forum
On  12 February 2015, Marie Tsion, head of employment law, will participate in the HR Managers Forum of the northern region. The forum includes CEO’s and HR managers of leading companies and meets once a month at the Upper Galilee Regional Council.
January 13, 2015
Whitewater Holdings must pay 127 000 NIS to its former Vice President, Aviad Caspi

The Magistrate's Court in Tel Aviv accepted the claim of "Mika Benroy", a company  owned by Mr. Aviad Caspi, a former business development vice president of Whitewater Holdings. Caspi is also the  son in law of businessman, Edwin (Benny) Tish. Caspi submitted the claim  against  Whitewater Holdings, of which Uri Yogev is the founder and former Chairman of its Board of Directors .

The Magistrate's Court decided that Whitewater Holdings must pay an amount of approximately 127 000 NIS to "Mika Benroy" (Caspi’s company) for services given to Whitewater Holdings, for which no consideration had been paid.

The suit was filed by Adv. Zohar Lande, Adv. Shai Sharvit and Adv. Itay Wigoda from Barnea & Co. 

January 12, 2015
Israel advances banking transparency while U.S remains opaque
Tax Analysts publish an article by Henriette Fuchs, head Tax Department Barnea & Co, noting that as Israeli banks increase transparency and settle accounts with the U.S. Department of Justice, the U.S. itself ironically may be one of the last bastions of non-transparency. For the full article please see link to Tax Analysts Daily Tax News Service
January 11, 2015
You’ve been on a job interview but are still waiting for an answer ? The employer must now inform the job seeker

The new amendment to the Notice to Employee (Employment Terms) Law, 2002 will require employers to give written responses to job applicants whether or not they have been hired. The new amendment will take effect at the end of January.

Today, hiring procedures can include a number of in-house interviews, assessment centers and more. Thus the employee recruitment process has become increasingly longer. Candidates often have to wait lengthy periods before receiving a reply from employers and sometimes do not get a reply at all.  Candidates are left with considerable uncertainty regarding the important issue of pursuing a career. The amendment is intended to address these issues.

Adv. Marie Tsion, an expert on Employment Law, wrote an article for Ynet about the effects of the new amendment. 

January 4, 2015
The Threats to the Foreign R&D Centers in Startup Nation in 2015

There is no doubt that Israel has a thriving high-tech industry. Israel has developed a high-tech eco-system that encompasses companies at various stages of development. It has also built up an extensive community of investors and development centers of international companies. The high-tech industry in the start-up nation has attracted and is attracting corporate giants from around the world to operate their development centers in Israel. This is done via the acquisition of Israeli companies or as part of a business strategy of creating a presence in Israel.

 

January 1, 2015
What to look out for in online gambling industry in 2015
In 2014, the online gambling industry faced many challenges, mainly due to regulatory issues but also due unsatisfactory results in several jurisdictions with the US States of Nevada and New Jersey probably the most disappointing in this respect. According to Dr. Dotan Baruch, Barnea & Co.'s partner and head of gambling practice, 2015 will probably be challenging as well. One reason for this is that the new legislation in England, which came into effect towards the end of 2014, requiring any online gambling operator offering is services in England to operate under an online gambling license issued by the local Gambling Commission, as well as pay a substantial gambling tax. In the United States, according to Dr. Dotan Baruch, the situation is complicated as well: "On the federal level, we will continue to see the fight between Sheldon Adelson, who is trying to promote congressional legislation to ban Internet gambling, and between some of the gambling companies such as Caesars and MGM that are trying to block these efforts. Adelson was unsuccessful in his efforts in 2014, but will most probably continue to try and advance a ban in 2015, and there is no doubt that the new Republican majority in Congress will be more sympathetic to such efforts. There is a significant likelihood that Adelson will succeed in in convincing Congress to enact prohibitive legislation during 2015." For the full article, please Click here
December 31, 2014
Lawyer of the year 2014 - Zohar Lande

Adv. Zohar Lande , senior partner and the head of the Litigation department at Barnea & Co., was chosen by the prestigious "CorporateLiveWire " guide to the legal profession as "Lawyer of the year 2014" in Litigation & Dispute resolution in Israel.

December 25, 2014
Zero% VAT on medication acquired for clinical trials in Israel

The new VAT amendments will lower the cost of clinical trials on humans in Israel. The amendment to the VAT legislation is expected to benefit international companies which conduct clinical trials in Israel.

Adv. Harel Perlmutter, who specializes in international taxation at Barnea & Co., was interviewed to Globes and stated that: "the new amendments will have two major implications – Firstly when the Israeli company acquires the medication from an overseas company, the Israeli company will not have to pay VAT or Customs Duty in Israel (the Israeli company will usually pass on these costs to the overseas company). Secondly, when the Israeli company charges fees for its services to the overseas company for doing the trials, the Israeli company will charge VAT at zero per cent."

December 18, 2014
The 2015 InterGame Year Book & Directory is now available in digital format
Barnea & Co. has once again been chosen to be included in the 2015 InterGame Year Book & Directory as one of the law firms advising the gaming and games industries.
December 17, 2014
International Comparative Legal Guide to Gambling 2015 - ICLG

Dr. Dotan Baruch is the author of the Israeli chapter in the International Comparative Legal Guide to Gambling 2015. The Guide covers a range of topics including: relevant authorities and legislation, application for a licence and licence restrictions, enforcement, liability and more. This publication is one of 38 ICLG guides published which cover all major practice areas and provide in-house counsel with a legal overview in different jurisdictions.

December 16, 2014
The Treatment of Electrical and Electronic Equipment and Batteries Law

The Treatment of Electrical and Electronic Equipment and Batteries Law came into effect recently. Asaf Shalev,head of Environmental Law at Barnea & Co explains the Law and its ramifications for suppliers, distributors and marketers.

December 11, 2014
Barnea & Co. represented Israel Natural Gas Lines

The Real Estate department, headed by Ariel Nadler, represented Israel Natural Gas Lines in the petition filed against it by Kibbutz Regavim. The judge rejected the petition stating that she did not see a reason to interfere in the government’s decision. In her view, once the safety concerns had been cleared, the kibbutz should have withdrawn the petition, which it did not do, The kibbutz will have to bear petition costs of NIS 4,000,000. 

December 9, 2014
Israel’s 2nd Foreign Law Firms Conference

As an expert in the technology field, Micky Barnea was invited to lead the high-tech panel at the Israel’s 2nd Foreign Law Firms Conference. The panel: Start-Up Nation Vs. Exit Nation will deal with the effect of startup nation on the Israeli legal scene, the current trends in high-tech exit transactions, IPO's and the interface between Israeli and foreign law firms in high-tech legal work.

November 26, 2014
Seminar: Employee Stock Option Plans – From A to Z

Ezra Katzen was a featured speaker at a meeting of the Association of Corporate Counsel – Israel (ACCI) in November.  The topic of his address was “The General Counsel, The Most Important Link in the Options Chain.”  Drawing on his many years of experience as an in-house counsel, Ezra spoke about the legal and practical challenges in administering an Employee Stock Options Plan from the perspective of the in-house lawyer.

The meeting was jointly sponsored by Barnea & Co. and ESOP-Excellence, and was attended by general counsels and senior in-house attorneys from approximately 40 Israeli companies.

November 18, 2014
Who's Who Legal 2014 - Dr. Dotan Baruch

Dr. Dotan Baruch was nominated as a leading practitioner in the field of entertainment in Israel by the 2014 edition of Whos' Who Legal, one of the leading global legal guides.

November 16, 2014
Israel’s 2nd Annual Foreign Law Firms Conference
The Tel Aviv and Central District of the Israel Bar Association, is delighted to invite you to a unique conference held for the second time in Israel, discussing the entry and activity of foreign law firms in Israel. Michael Barnea, head of technology department at Barnea & Co., will lead the Hi-Tech panel.
November 13, 2014
The Israel Antitrust Commissioner has teeth, but has no appetite"
Zohar Lande's criticism of the Anti-Trust authority for its conduct in the Israeli Food market- published in Calcalist
November 12, 2014
The 7th European Conference on Tax Advisers’ Professional Affairs
Henriette Fuchs, head of Tax at Barnea & Co. will contribute as one of the speakers to the 7th European Conference on Tax Advisers’ Professional Affairs. The conference will include in depth lectures by senior leading professionals on  OECD BEPS Plans for more “Tax Transparency ” on  Friday, 05 December 2014 at "La Maison du Barreau", Paris, France. For more information, please contact: hfuchs@barlaw.co.il
November 11, 2014
Barnea & Co. partner Ezra Katzen represented Global Invacom in the acquisition
Global Invacom Group has completed yesterday its acquisition of Israel-based OnePath Networks. OnePath - which trades as Foxcom - is one of the pioneers in radio frequency over fibre technology. It provides products and services to major satellite operators, teleports and broadcasters in over 35 countries.
November 6, 2014
Time to Start-Up! Follow the Challenging Road

Barnea & Co. and The MIT Enterprise Forum of Israel  is delighted to invite you to a unique seminar: Time to Start-Up! Follow the Challenging Road. The event will take place on 19th November 2014, 16:30 - 20:15 at the Tel Aviv University.

October 30, 2014
Antitrust Chief, Prof. David Gilo Encourages Consumer Boycotts
In a meeting held by the Knesset Finance Committee on the high cost of living, Antitrust Commissioner Prof. David Gilo called on consumers to organize boycotts to pressure retailers and manufacturers to reduce their prices. He said: “An occasional boycott is not enough. Consumers need to undertake a personal boycott every day, to vote with their feet and compare competing prices.” Zohar Lande senior partner at Barnea & Co, disagrees. Zohar was interviewed by Maariv newspaper where he was quoted for saying "it is both unfair and unwise to ask the consumers to fix the high cost of living".
October 21, 2014
A potential new double taxation agreement with Switzerland?
Tax treaties are intended to promote international trade by eliminating double taxation.  Although the Israeli Tax Authority and the Israeli Ministry of Finance have been reluctant to acknowledge a potential new double taxation treaty with Switzerland, the Swiss Finance Ministry has been more vocal! Swiss officials have confirmed that in recent weeks negotiations were indeed held with the Israeli tax authorities in connection with such proposed treaty between the countries. According to Fuchs, head of tax department:"They are now making a commitment to also obtain information on behalf of another country from financial and other institutions managing those people’s assets". To read more, please click here
October 19, 2014
Being followed at work: what is allowed and what's not?
The increased use of technology in the workplace has created new concerns for both employers and employees in the area of privacy. Do Employers have the right to monitor their employees? Read more.
October 15, 2014
World Tax 2015 rankings
World Tax, the International guide to the world's leading tax firms, recognized Barnea & Co. as a recommended tax firm in Israel.
October 14, 2014
Are Facebook, Apple and Google’s Israel based R&D Centers a Blessing in Disguise?

This has not gone unnoticed by foreign multinational companies. A study by the Israeli Central Bureau of Statistics shows that 63% of all investments in R&D centers in Israel come from international technology companies operating in Israel.
More than 67% of all employees in R&D centers in Israel are employed by foreign companies who have established research centers, such as Facebook, Google, Apple, Microsoft, IBM, Intel, HP and more. Such companies employ no less than 34.3 thousand employees in R&D, with an annual increase of 2%.

The presence of these corporate giants in Israel is growing, as many more companies understand the benefits and success they could have by placing their R&D centers in the hotbed of innovation and invention.

These outstanding figures are irritating to some, as the growth in the R&D centers gives the foreign companies firstbid at breakthrough technologies.

Science, Technology, and Space Minister Yaakov Peri went as far as saying that “Israel’s economy relies heavily on funding from other countriesfor research and development…this is a fragile situation…in which the main beneficiaries of Israeli creativity are the multinational companies.”

But there’s another way to look at it. These centers are effectively nurturing the best and the brightest, training them and serving as incubators for budding entrepreneurs. Many of these employees leave the multinational companies ready to start their own start-ups, armed with the considerable skillset, knowledge, and experience acquired at these R&D centers.

Furthermore, having foreign R&D centers and multinationals in Israel has proven to be a source for creating jobs, spawning new business and contributing to economic output.

 

 

 

October 14, 2014
IFLR 2015 edition ranks Barnea & Co.

The international IFLR 1000 ranking guide recognized the expertise of Barnea & Co. in Mergers and Acquisitions and Project Finance. In addition, Simon Jaffa is recognized as a 'leader in his field'. 

The directory noted that “Barnea has always delivered excellent work. They have a profound understanding of our company's needs and expectations, and do it in an efficient, expedient, cost-effective manner. Their knowledge of the local market is a plus, and they are always a pleasure to work with.”

October 7, 2014
Zero VAT on first home will be for seven years only

The initiative to apply 0% VAT for first-time homebuyers will be a temporary ordinance for seven years. The leading newspaper Globes described the legal effects of this and interviewed senior lawyer, Liat Keisary Yahalomi.

October 6, 2014
Kibbutz Sector- The Challenges of Becoming a public Company

In recent years many kibbutz enterprises have grown from small manufacturers to international corporations. Echad Ha'am  magazine, by Globes, held a roundtable with six experts to discuss the latest changes and developments in the kibbutz sector. (attached, p.21)

October 5, 2014
Barnea & Co. is growing
The firm welcomes Adv. Ezra Katzen , a new partner in the technology department, Adv.  Daniel Lorber and Adv.  Mayer Winkler that will work in the firm’s commercial department and  Adv. Lee Alter Kisiz that will work in the employment departmentץ
October 5, 2014
2014 Legal Highlights

This year’s summary of Maariv puts the spotlight on key legal developments in Israel, covering the following topics: Capital Markets (by Micky Barnea); Anti-Trust (by Zohar Lande); Constitutional Law; Criminal Law nfrastructure ; Tax and Money laudering

September 30, 2014
Ezra Katzen spoke at the OurCrowd Mentor Breakfast
Ezra Katzen was the featured speaker at a meeting of the mentoring group of OurCrowd.  Ezra spoke about director liability in a talk entitled “Board Oversight: Oversee, Don’t Overlook”
September 25, 2014
Do online ads that advertise various products and services, are prohibited according to the Israeli anti-spam law?
An Israeli District Court ruled last week  that advertisements posted on websites as the result of the use of services provided by Google do not constitute spam according to the Israeli anti-spam law. For the full article by Dr. Dotan Baruch, refer to PDF below.
September 24, 2014
Barnea & Co. represented Global Invacom Group Ltd.

Global Invacom Group Ltd.  of the United Kingdom entered into an agreement to acquire OnePath Networks Ltd. of Bet Shemesh, Israel. Barnea & Co. represented Global Invacom in the transaction.

September 23, 2014
BreezoMeter won the StartUp Open Israel competition

The Israeli winner of the competition, BreezoMeter, was invented to make air pollution visible. Using real time big data analysis BreezoMeter presents air quality information at street level resolution. (Picture)

BreezoMeter ran in the finals in front of six other companies, and will automatically enter the list of the World's Top 50 Most Promising Startups, known as the GEW50.

The final competition was held in Jerusalem, in the presence of Jerusalem MayorNir Barkat, investment entities, entrepreneurs, startups, high-tech executives.
Michael Barnea, Managing Partner from Barnea & Co, said, "I am delighted at the opportunity Barnea & Co. has had to take part in this special event. With our experience in working with entrepreneurs in all phases of incorporation, raising capital and launching technology and life science startups, we were able to contribute is considering and selecting the contestants in the competition. Thus we were able to allow the next generation of entrepreneurs theopportunity to present their ideas and receive international exposure".

StartUp Open was originally launched as part of the Kauffman Foundation in 2010 and is part of Global Entrepreneurship Week. It is the world's largest competitions for startup companies, boosting participation from over 30 countries.

September 18, 2014
The law for the Encouragement of Capital Investment- New Amendment is expected

Since its enactment in 1959, the law for the Encouragement of Capital Investment is one of the most significant and meaningful means for the growth and development of the Israeli economy and its industry.

September 10, 2014
Ms. Hana Gertler (Co-founder of Whitewater) will testify in the “Whitewater Holdings” trial
Further to the request of the Canadian businessman, Mr. Edwin (Benni) Tisch, businesswoman Hanna Gertler will testify in the Whitewater trial, in accordance with the decision of Justice Ruth Ronen, of the Economic Department of the District Court in Tel Aviv. Tisch claims that Whitewater and Yogev made false representations and acted fraudulently, causing Tisch to invest millions in Whitewater Holdings. Whitewater Holdings is in receivership and creditors are owed approximately NIS 19 million. To read more, please click here
September 9, 2014
Ezra Katzen spoke at a seminar on Equity Based Plans

The seminar, organized by ESOP-Excellence and Startau, included in depth lectures on employee options plans. Ezra lectured on practical problems in administering options plans based on his many years of experience as general counsel to technology companies.

September 7, 2014
StartUp Open- Final event
Start up open final event will take place on September 22nd , 2014 in Jerusalem.  This competition provided start-ups, in their early stages, a chance to develop their ideas and present them to entrepreneurs and judges.
September 2, 2014
The European Lawyer Reference is finalizing the 1st edition of “Transfer Pricing & Tax Avoidance – Jurisdictional Comparisons"
The Israel Chapter of the book “Transfer Pricing & Tax Avoidance” has been written by Barnea & Co.’s partner, who also manages the firms’  tax department, Adv. Henriette Fuchs. The chapter provides an in-depth overview of Israel’s fast developing anti-abuse and transfer pricing legislation. The book is expected to be launched in October 2015 as part of the European Lawyer Reference Series published by Thomson Reuters (Professional) UK.
August 29, 2014
Following US Lead, Israel, Germany Increase Cooperation To Fight Tax Evasion

Israel and Germany are intensifying their cooperation in combatting tax evasion. Minister of Finance Yair Lapid and his German counterpart, Wolfgang Schauble, signed a tax protocol between the two countries.

“This agreement has unprecedented items that were not included in previous agreements with Germany,” says Adv. Henriette Fuchs, head of the tax department at the Barnea & Co.a leading law firm and Israel’s first member of the Organization for Economic Cooperation and Development Extended Bureau of the Taxation and Fiscal Policy of the Business and Industry Advisory Committee (BIAC).

According to Fuchs, the main innovation in the agreement is the undertaking by the Israel Tax Authority to demand from the banks and any other financial institution information about German citizens, and to deliver this information to the German authorities, with the same commitment also being made in the other direction. 

August 28, 2014
Israel and the Republic of Germany sign a new tax treaty

Israeli Finance Minister Yair Lapid and his German counterpart, Wolfgang Schäuble, signed a revised tax treaty in Berlin on August 21, 2014. The convention, which was last amended in 1977, has been adapted to make it correspond to modern international tax law and current economic relations between Israel and Germany.

August 24, 2014
Special report: Israel – Law in a war zone

Israel’s conflict with Hamas-controlled Gaza is escalating. The conflict broke out on July 8, when Israel launched "Operation Protective Edge" in response to Hamas launching rockets toward Israel. Is this still a place where lawyers can do international business?

 

August 21, 2014
No significant influence on the Israeli High – Tech by recent events
In the last interviews on the radio given by Micky Barnea, he stated that the Israeli high tech hasn't been influenced significantly by the recent event. Listen to the full interview at Galatz.
August 19, 2014
Barnea & Co. represented Spirent Communications PLC

Barnea & Co. represented Spirent Communications PLC., a leading communications technology company, traded on the London Stock Exchange, and its Israel subsidiary, in the purchase of Radvision’s and Avaya’s Technology Business Unit for approximately USD 25 million. 

August 17, 2014
Capital Markets 2014 - Virtual Round Table

Corporate Live wire held a roundtable with seven experts from around the world to discuss the latest changes and developments in capital markets in each expert's respective jurisdiction. To read more, please click here

August 17, 2014
Barnea & Co. represented Avgol Industries 1953 Ltd.
The firm represented AVGOL Industries 1953 Ltd. in their issuance of a new series of debentures (Series C) in the amount of NIS 502 million. This is one of the largest financing rounds made this year on the Tel Aviv Stock Exchange and its aims are to replace existing financial debt, and to finance ongoing investment activities and operations of the Company. AVGOL Industries is a global technology company, a world leader in the development, manufacture, and marketing of nonwoven fabrics, especially diapers and hygiene products, and its customers include large companies such as Procter & Gamble and Kimberly-Clark. The Company's shares are traded on the Tel Aviv 100 index. To read more, please click here
August 14, 2014
Is the Israeli High Tech Industry Indeed Impervious to Cannon Thunder?
There is no doubt that the Protective Edge Operation has had a material adverse impact on economic activities in Israel. The rocket attacks on communities in southern and central Israel reduced dramatically the revenues of businesses, hurt the tourism and vacation industries, and forced many companies to cope with absences of employees who were called up for active reserve duty. Business as usual? Nevertheless, it appears that the Israeli high-tech industry proceeded more or less with business as usual, as if high-tech is the “steadfast cliff” of the local economy. Even during last month, when the inferno in Gaza was at its worst and Israel found itself subject to venomous criticism throughout the world, the robust international activities in the Israel technological sector continued. International merger and acquisition transactions of Israeli technology companies did not stop and public offerings of Israeli high-tech companies on NASDAQ continued. One should not misconstrue the continuing global activities by Israeli high-tech companies as a reflection of support of the Israeli government’s policy in Gaza or as recognition of its right to protect itself from the barrage of Hamas rockets. The factor driving this activity is, first and foremost, the robust demand for Israeli technology, a demand that is hardly affected by political considerations. There are two additional factors that contribute to the Israeli high-tech industry’s imperviousness to the impact of the events of the Protective Edge Operation. One factor is the fact that the majority of the commercial activities by Israeli high-tech companies is not in the local market. Though, in many instances, the development is located in Israel, the target markets and the vast majority of the sales are global. Therefore, the drop in the local demands has no material impact on the business activities of Israeli technology companies. The second factor, which is more complex and fragile, is the sense that the fighting in Gaza is not creating a substantive threat to Israel’s security. As long as it is evident that the threat to personal safety in central Israel is marginal, if not negligible, the technology sector can project a sense of “business as usual”. The operation of the Iron Dome systems reinforces this sense of security. Nevertheless, one must take into account that this sense of security could be extremely fragile. The temporary halting of flights to Israel by foreign companies, as a result of a rocket falling in Yehud, provided clear evidence as to how quickly the situation could change. There was a good reason for the intensive political efforts to resume flights. Were it not for the decision to resume air travel with Israel within 24 hours, it is doubtful whether the atmosphere of normalcy could have been sustained. For anyone who needs a reminder of the possible correlation between personal safety and routine activity in the technology sector, one merely needs to recall the period of the Second Intifada. At the beginning of the 2000s, the suicide attacks caused visitors from overseas to stay away from Israel. Even though the technology sector was also suffering from the impact of the technology bubble burst during those same years, one cannot disregard the impact of the security threat on the recession that also hit the Israeli high-tech industry at that time. In light of this, while we can look with pride and some amazement at the continuing business activity in the Israeli technology sector, we must keep in mind that it is never impervious. The continuation of the Protective Edge Operation or an expansion of the military operations into central Israel is liable to have a material adverse impact on the high-tech industry as well. The author, Michael Barnea, is the Managing partner at Barnea & Co.
August 7, 2014
The Next Big Thing from the Start-Up Nation

StartUp Open competition for start-ups is underway and companies are narrowing down. From near to hundred companies, which entered the competition, the judges have selected seven finalists to move forward and partake in the final event of the national competition that will take place on September 22nd , 2014 in Jerusalem.

Michael Barnea, Managing Partner from Barnea & Co, said, "As part of our long standing relationship with the Israeli entrepreneurial community, Barnea & Co. is proud to be a part of this  StartUp Open competition.  At the semi-final we identified a number of promising and innovative ventures and I am looking forward to pick out the winning start up at the finals. The wide spectrum of business ideas and industries represented by the final candidates are the talented and creative Israel start-up and hi-tech industry."

August 3, 2014
Barnea & Co.’s litigation team advised a client in a precedent setting appeal concerning fundamental issues of securities law and tort law

Barnea & Co.’s litigation team represented a client before the Supreme Court in a precedent setting landmark appeal concerning fundamental obligations under Israel's securities law and tort law. The Supreme Court overturned the rulings of the District Court and accepted our firm’s position that a duty of care does not exist between shareholders of a company, which were found jointly guilty in violating securities laws.

August 1, 2014
International Labor and Employment Law Committee
During the International Labor and Employment Law Committee Midyear Meeting in Tel Aviv, the Committee asked a panel of leading attorneys, which included Marie Tsion. The panel dealt with women in a global practice and the challenges they face. To read more, please click here
July 6, 2014
StartUp Open at Start-Up Nation
Barnea & Co. together with the Enterprise Forum, Israel Advanced Technology Industries,  is pleased to sponsor the 2014 StartUp Open Competition to be held on 22 September in Jerusalem. StartUp Open is a competition featured during Global Entreperneurship Week. The competition was originally launched as part of the Kauffman Foundation Global Entrepreneurship Week in 2010 and has since been a leader in the promotion and nourishment of aspiring entrepreneurs. StartUp Open is one of the world's largest competitions for startup companies and boasts participation from 37 countries. The start-up competition focuses on companies that made significant progress between November 25, 2013 (Global Entrepreneurship Week 2013) and November 16, 2014 (Global Entrepreneurship Week 2014). For further information, please contact: Gil Shourka, National Coordinator GEW – Israel. Email: gew.israel@gmail.com
July 1, 2014
Barnea & Co. represented Dune Medical Devices Ltd.

Following the successful launch of MarginProbe System, which received Pre-Market Approval (PMA) from the FDA early last year, Dune Medical Devices Ltd. has successfully completed the first of a two stage USD21 million equity financing. The initial closing was completed for USD14 million with a second tranche of USD7 million to be completed by October 2014.

Dune Medical Devices develops surgical devices and techniques for real-time, intra-operative optimization of excisions in surgical oncology procedures.Dune Medical Devices has offices in the U.S. and in Israel.

June 28, 2014
Setting the Record Straight – Limiting Employees' Rights to Compensation for Service Inventions
In 2010, the Committee for Compensation and Royalties made a “revolutionary” ruling regarding the assignment by employees to their employers of rights to "service inventions" – i.e. inventions created in the course of employment. The Committee held that the assignment of an invention does not automatically amount to a waiver of the employee's right to receive compensation for such invention under section 134 of the Patents Law (1967). Although the employer would be the owner of a patent invented by an employee, it may still be compelled to pay the employee royalties for their contribution to the company's technology. This ruling sent proverbial shockwaves through the Israeli high tech industry. Companies, potential acquirers and investors struggled with assessing the risk as to whether employees, both past and present, would now seek compensation for the work they had performed for their employers. In a recent decision the situation appears to have been clarified. On 4 May 2014, the same Committee appears to have revised its position, when it rejected a claim for royalties by a former employee. The Committee ruled that an employee's right to compensation for "service inventions" is not absolute and such right may be waived. The Committee also found that a general waiver signed by the employee upon his termination was sufficient to relieve the employer from the requirement to pay royalties – even if such waiver did not make specific reference to inventions or to section 134 of the Patents Law. According to this latest decision by the Committee, an assignment of rights of "service inventions" together with a general release upon termination would now be sufficient to ensure that the employer will have no further liability to employees who have contributed to inventions. Nevertheless, it would still be prudent to include an express waiver of rights to royalties for "service inventions" in all employment agreements.
June 25, 2014
Supreme Court dismisses petition to impose VAT on international corporations
About a month ago, the Israeli High Court of Justice deliberated a case petitioning the court to order the Minister of Finance and the Director of the Israeli Tax Authority to impose value added tax on multinational companies, such as Google and Facebook, arguing that they are providing services and selling goods in Israel via the internet, without being required to pay VAT, which gives them an unfair advantage over Israeli competitors. The petitioner pleaded that the multinational corporations are conducting extensive business activities in Israel, which include, inter alia, marketing and communications in Hebrew with Israeli customers and payment in Israeli currency. The petitioner also argued against the “location of the server” criteria that the Israeli Tax Authority is using in order to ascertain whether a transaction via the internet is executed in Israel. The court dismissed the petition and stated that it is premature, given that the VAT authorities are drafting a circular on the said subject, which is expected to be released soon. The dismissal of the petition does not conclude one way or the other the issue of VAT liability, as this issue will surely be the subject of legal proceedings in the future. Nevertheless, the question of tax liability is only one aspect of internet activities. There are many issues, including slander, consumer protection, gambling, forex, pharmaceuticals, protection of privacy and copyrights, which are arising in relation to internet activity. In relation to all of these, the fundamental question is which legal system will determine whether any given action is legal or not. Of course, these issues are not unique to Israel, and significant progress has been made, and some judicial rulings on these questions have already been issued, in various countries.
June 5, 2014
Q&A with Micky Barnea - Globes

Micky Barnea was interviewed by Globes, an online newspaper, regarding the firms recent activity and achievements.

June 5, 2014
Barnea & Co. represented Polycad Plastic Products Shefayim
Barnea and Co.'s M&A and Kibbutz Sector departments recently represented Polycad plastic products Shefayim (POLYCAD INDUSTRIES (1989) LTD ) during a transaction to sell its holdings to Bram Industries Ltd., a public company in the plastic industry. Polycad held about 30% of the shares, which it  acquired 3 years ago, and was a partner in the nucleus of control of the company, along with the Bramley family. The transaction involved the sale by Polycad of all its shares to corporations controlled by the Bramley family, for a total of NIS 20 million, ending its involvement with Bram industries.
June 1, 2014
The struggle of keeping the net neutrality
The unending struggle of keeping the net neutrality will determine how internet suppliers treat online content. In the meantime, Netflix is not satisfied . By Dr. Dotan Baruch. Ynet.
June 1, 2014
המאבק המתקיים בארצות הברית על נייטרליות הרשת

המאבק הבלתי נגמר המתקיים בימים אלו בארצות הברית על נייטרליות הרשת הוא בין הניסיון לאזן בין הזכות לתחרות הוגנת לבין מניעת עומס על התשתיות. ד"ר דותן ברוך סוקר את המאבק המתרחש בין המצדדים בעיקרון הנייטרליות ברשת לבין המתנגדים ליישומו ללא הגבלות כלשהן.

May 29, 2014
Channel 10 News Interview - Zohar Lande
Zohar Lande, Senior Partner and head of Litigation department, was interviewed by Channel 10 News re the Cadbury Anti-Trust litigation.
May 29, 2014
How the JOBS Act Changed the Rules of the IPO Game
In April, 2012, a new law came into effect in the United States that made significant changes to how small companies can raise money.  The Jumpstart Our Business Startups Act (better known by its nickname, the “JOBS Act”) was intended to ease the process for startups to seek investments, with a potentially dramatic effect. Now, two years after the JOBS Act became law, we can look back and see just what effect these changes have had on the process of taking startups through initial public offerings (IPOs), and how this affects Israeli startups. The JOBS Act deals with regulation of both private and public offerings.  While the private offering provisions provide for significant loosening of the regulatory process, important administrative rules still have not come into effect so it is still too early to assess the impact of these changes.  The IPO rules, however, took effect very quickly so we have two full years of post-JOBS Act IPO trends. The JOBS Act created a new category of companies, called Emerging Growth Companies (EGCs), that enjoy a lighter regulatory burden so that they will have an easier “on-ramp” to an IPO. The American idea of an “emerging” company is any company that has less than $1 billion in revenues per year. As a practical matter, all but the very largest Israeli companies qualify as EGCs. The special lighter IPO rules that apply to EGCs include:
  • Confidential submission of early drafts of the prospectus to the SEC
  • An opportunity to “test the waters” by holding meetings with sophisticated investors in order to gauge the interest of potential participants in the IPO
  • Scaled financial disclosure, which allows companies to go public based on two years (rather than three) of audited financial results and two years (rather than five) of “selected financial data”
  • Extended time to comply with the internal controls provisions of the Sarbanes-Oxley Act, allowing up to five years to come into full compliance (rather than two years)
Confidential submission is a luxury that was available to non-US companies for many years.  Curiously, the old “silent filing” rules that applied to non-US companies were curtailed significantly only a few months before the JOBS Act came into effect.  The JOBS Act restored and even enhanced the confidentiality provisions, and extended them to all EGCs, whether US-based or not.  This allows a company to begin the process of obtaining comments from the SEC without publicizing competitive information too far in advance of the IPO.  Also, if the IPO process fails, whether for market conditions or other factors, a confidential filing can be abandoned quietly and without embarrassment. The “test the waters” provisions are completely new and are a significant liberalization of the rules.  Prior to JOBS, early contacts with potential investors were forbidden.  Now, by allowing an EGC to contact potential IPO investors very early in the process, a company can get a reality check to help it gauge the potential for success of the IPO. The scaled financial disclosure provisions and the extended compliance time for Sarbanes-Oxley controls can significantly decrease IPO accounting expenses and compliance costs in the first few years following an IPO. There are many factors that that have contributed to today’s very hot IPO market.  Certainly, favorable economic conditions, particularly in certain industries have played a role.  There can be no doubt, though, that the removal of hurdles in the post-JOBS Act “IPO on-ramp” have been a factor. Observers point, for example, to the successful US IPOs of “pre-revenue” companies like Energous, Flexion and Ampio. The ability to test the waters with sophisticated investors while maintaining confidentiality about the process allows these issuers to attain some confidence that they will be able to sell out their IPOs even though they have never seen a dollar of revenue.  Presumably, there are others whose names we do not – and may never – know, because their initial contacts with investors persuaded them that their IPOs would not succeed. Each year that the JOBS Act has been in effect has seen an increase in the percentage of US IPOs where the issuer was an EGC, and each year has seen an increase in the proportion of confidential submitters. The scaled financial disclosures have been adopted by a majority of EGCs, and the extended time to comply with Sarbanes-Oxley financial controls has been adopted in nearly all EGC IPOs. For Israeli startups, these changes should mean easier access to capital markets.  In the past, smaller Israeli companies have turned to secondary stock markets in Europe and Asia where the financial regulations are less demanding and the IPO process less cumbersome.  By moving closer to the reduced regulatory burden of these markets, the US has removed much of the friction in accessing America’s robust capital markets.
May 1, 2014
BDI 2014 ranks Barnea & Co. in 8 practice areas
Barnea & Co. was ranked in 8 practice areas in the 2014 edition of BDI, a leading Israeli legal directory. The firm is ranked 'Tier 1' in Mergers & Acquisitions and in  International Commercial Law. The firm is ranked  'Tier 2' in Infrastructure and project finance and in High tech and  'Tier 3' in Litigation, Capital Markets, Real Estate and Tax.
April 30, 2014
The publisher Israel Mizrahi is suing his former partner

The publisher Israel Mizrahi  is suing his former partner Lior Sharf in an amount of about  NIS 11 million, claiming  that he has been misled through cover-up and concealment" Mizrachi, represented by  adv. Zohar Lande, Noa Havdala and Daphne Klein, from Barnea & Co., claims that Mr. Sharf covered up and concealed financial information related to Agam Publishing, their former business partnership. 

April 10, 2014
Israel Legal Business 2014 Edition
Simon Jaffa, describes in this special edition, the economic structure of the Israel economy and the coming break-up of monopolies and oligopolies, which are widespread in Israel.
April 9, 2014
Barnea & Co. represented "IN SPI AIR"

The Tel Aviv District Court rejected yesterday (Tuesday) a claim of NIS 67 million that was filed by the Canadian businessman David Geller, against the LR Group and start-up "IN SPI AIR".

IN SPI AIR  was represented by adv. Zohar Lande, adv. Noa Havdala and adv. Gal Lifshitz

April 8, 2014
To London IPO or not?

Israeli companies have rediscovered the AIM in London; in a conference titled, "Time for London IPO" held today, regarding the London Stock Exchange there were differing views concerning how beneficial the AIM is in reality. Micky Barnea, managing partner at Barnea & Co., whose specialty is in London IPO's, claims that "unlike in Israel, in London it is the Board of Directors that has the last say as opposed to the shareholders as they do in Israel. Therefore the deriving power in the market is different and as such may not be suitable for companies with a single controlling shareholder, who would have less ability to intervene in decision-making and would lack influence over the structure of the Board of Directors." 

March 25, 2014
Zero VAT plan for new homebuyers
The Israeli Minister of Finance, Mr. Yair Lapid recently proposed that a couple with at least one child intending to buy their first apartment from a contractor will not be obliged to pay VAT. The head of real estate department at Barnea & Co., Ariel Nadler, agrees that this proposal will allow young couples to buy an apartment, however, this step is not enough in order to change the current real estate situation in Israel.  Calcalist, 19.3.14.
March 13, 2014
"A different kind of class" activity
As a part of the firm's pro-bono activity, we participate in the project 'a different kind of class' and we have embraced a 6th grade in Rambam elementary school in Netanya.
March 9, 2014
Barnea & Co. litigation team filed a monetary claim for NIS 4.8 million
Adv. Zohar Lande, adv. Shai Sharvit and adv. Moran Bickel, filed a monetary claim for NIS 4.8 million with the Tel-Aviv District Court concerning the alleged fraudulent actions of a trustee relating to real estate investments in Thailand.
March 7, 2014
A global trend towards mediation: views from lawyers in 13 countries

Zohar Lande was quoted in an article by the Kingsley Napley law firm. The article records recent quotes of leading commercial litigators from around the world. The experts discuss the recent trends in their respective countries. Zohar Lande is the only commercial litigation lawyer from Israel to be approached for his comments.  

 

February 18, 2014
Defamation on Facebook and its legal consequences
Barnea & Co.'s partner and head of internet department, Dr. Dotan Baruch, published an article (in Hebrew) in the Calcalist financial newspaper, regarding a recent Israeli court decision that compensated a plaintiff for defamation published against him on Facebook. Dr. Baruch criticizes the court's reasoning, that sought to place less importance and magnitude in respect of defamation published on Facebook, compared to defamation published via other avenues. Dr. Baruch argues, as outlined in the article, that defamation published on Facebook should be treated in the exact same manner in which any other published defamation is treated.
February 13, 2014
"If I testify against Strauss - Elite I'll burn myself"
Lenny Sackstein, the chairman at Carmit Candy Industries Ltd.  which is represented by Barnea & Co., described in court yesterday the difficulties in bringing witnesses to testify against Elite – Strauss  Cadbury case. To read more, please click here
February 13, 2014
Dun & Bradstreet ranks Branea & Co. as one of Israel’s leading law firms
Dun & Bradstreet ranked Barnea & Co. as a leading law firm in 6 practice areas: International Commercial Law, Mergers & Acquisitions, Project Finance & Infrastructure, Commercial Litigation, High-Tech and Capital Markets.
February 10, 2014
Israel: Break up shake-up

Legislation intended to loosen the stranglehold of a few conglomerates on the economy is set to trigger a surge in sell-offs and overseas interest.

February 9, 2014
Mediation between Ori Yogev and Benny Tisch regarding “Whitewater Holdings” has failed

The Canadian businessman, Benny Tisch, has filed a claim against Ori Yogev, currently Director of the Government Companies Authority, in the amount of NIS 15 million.  Tisch claims that Yogev made false representations and acted fraudulently, causing Tisch to invest millions in Whitewater Holdings. Whitewater Holdings is in liquidation and creditors are owed NIS 19 million.

February 8, 2014
Casino in Israel – could the notion materialize
Barnea & Co.'s partner and head of internet department, Dr. Dotan Baruch, published an article in the InterGaming Law magazine, the specialist international gaming law magazine: Casino in Israel - could the notion materialize.
February 1, 2014
Barnea & Co. is pleased to announce the appointment of new partners
Adv. Maya Zisser - Real estate  and Adv. Shai Sharvit - Litigation have been made partners.
January 16, 2014
Barnea & Co. represented Pilat Media Global Plc.

Pilat Media Plc is a unique UK incorporated public company, as it was the only UK company listed on the Tel  Aviv Stock Exchange (TASE) and the only company fully listed on both AIM and TASE – meeting the regulatory requirements of both jurisdictions.

The firm has represented Pilat since its inception, through a spin-off (demerger) from an Israeli public company, and has assisted it with compliance with Israeli regulatory requirements through the years. In April 2014 Pilat Media was sold to Sintec Media, one of its major competitors for a cash consideration of more than $100 million.

Barnea & Co represented Pilat Media and its shareholders in Israeli aspects of the transaction.

January 15, 2014
IAA transcripts from the Strauss - Cadbury investigation has been revealed
Carmit's civil suit is partly based on records and documents collected by the Antitrust Authority in during its investigations.  The following was submitted  by Adv. Zohar Lande, Adv. Shai Sharvit and Adv. Moran Bickel, from Barnea & Co., to the Tel Aviv District Court.
January 9, 2014
Developments in the Carmit Candy Ltd. action against the Strauss Group
Important information is currently being unveiled at the Central District Court regarding the ways in which the Strauss Group was allegedly attempting to block Cadbury from entering the Israeli Market in 2002. To read more, please click here
January 5, 2014
Opinion - Privatization pursuant to Encouragement of Competition and the Reduction of Concentration law
The article below addresses the privatization chapter of the newly enacted law for the encouragement of competition and reduction of concentration in the Israeli market. The chapter inter alia restricts the State from granting rights to and engaging with entities, which already have received rights from the state and thus deemed to be "concentrational". Adv. Lande argues that the chapter is far reaching, leads to uncertainty in the market and may prevent the effective allocation of rights in the future, all of which will have a detrimental effect on the market. To read more, please click here
December 29, 2013
Michael Barnea was participate in a panel of Competition experts - by Calcalist

After the Law for the Encouragement of Competition and the Reduction of Concentration was enacted, Calcalist convened a panel of experts, including Michael Barnea, in order to discuss the powers of the Antitrust Commissioner.

December 25, 2013
Israel Amends Controlled Foreign Corporation Tax Regime

Israel's Knesset on December 23 approved amendment 198, revising section 75B of the Income Tax Ordinance, 1961 (ITO) to further ensure the taxation of controlled foreign corporations. The amendment entered into force on January 1. Since 2006 Israel has taxed qualifying resident shareholders -- both corporate and individual -- on the undistributed profits of foreign companies that qualify as CFCs. Specifically, when an Israeli resident shareholder individually owns at least 10 percent of the means of control of a foreign company and collectively owns, together with other

Israeli resident shareholders, at least 50 percent, and the majority of the foreign company's income is (by Israeli definition) considered passive in a specific tax year, the qualifying shareholders must each report their pro rata part in the undistributed profits of that foreign company as a deemed dividend. That regime also applies to foreign companies that are controlled at least 40 percent by close relatives.

December 24, 2013
Tax Changes 2014 relevant for Israeli companies investing in/through In the Netherlands

The firm of Barnea & Co, together with the Israel-Netherlands Chamber of Commerce, and the Netherlands Foreign Investment Agency, organize a breakfast workshop "Tax Changes 2014 relevant for Israeli companies investing in/through In the Netherlands" to be held morning of December 25, 2013, at the Offices of Barnea & Co, 6 HaChoshlim street, 4th floor, Herzelia.  Invitations only.

December 19, 2013
The former shareholer in Vita will not be sued

The Tel Aviv court has overturned and a court order allowing service of the claim against a former shareholder in a company called "Vita" outside of the Israeli jurisdiction.

December 15, 2013
Offering securities through an online platfor

There is a growing interest in raising funds online. This is owing to the fact that the Internet provides a wide exposure to diverse audiences. This creates an opportunity for small enterprises to be exposed to alternative and new financing options, that in the normal course would not be available to them. This, in turn, allows the enterprise to widen their circle of potential investors. 

December 9, 2013
Israel has won the lottery but does not take advantage of it

The business world is desperate for certainty, especially in the industries where investments of billions of dollars are required in order to build infrastructure such as the gas production - by  Micky Barnea, TheMarker.

December 5, 2013
IFLR 1000 - 2014
IFLR commented as follows: “Barnea & Co's focus in transactional work is M&A and project finance. Clients say in both areas the firm's partners are highly capable and talented individuals, singling out name and managing partner Michael Barnea and Simon Jaffa, who works across both areas. "Simon is knowledgeable, very skilled and a pleasure to work with," says one international project finance client. "He understands the business well and is very familiar with the market and thus will always seek the most advantageous, cost-effective solution, while at the same time giving you insight on the local-specific issues that you may overlook being from abroad. I cannot recommend him strongly enough." Another who mandates Jaffa on M&A says: "[He's a] great business lawyer - decisive, innovative and responsive." Barnea is also appreciated by corporate clients: "He's very practical and incisive and always constructive with his advice." The strong feedback the firm receives and a respectable portfolio of work across both areas sees the firm join the M&A and project finance rankings.”
December 3, 2013
Barnea & Co. continues to support MyIsrael
Barnea & Co. delighted to be associated with MyIsrael and to support MyIsrael charitable projects in Israel.
November 24, 2013
World Tax - 2014

Barnea & Co. was ranked by the World Tax, the International Tax Review's directory to the leading tax advisory firms around the world, as a leading tax firm in Israel.

 

November 17, 2013
8.5 years in jail to the former treasurer of kibbutz Shefayim

The former treasurer of kibbutz Shefayim and his wife were convicted of stealing 16.5 million NIS from the kibbutz and sentenced to  8.5 years in jail. The kibbutz members are still hoping that Adv. Zohar Lande will recover the money that the family is still hiding.

November 17, 2013
Online Gambling Panel

On November 18th, the Israel Bar will hold a panel in respect of online gambling. Dr. Dotan Baruch, head of Barnea & Co.'s internet and e-commerce department, will participate in the panel.

November 13, 2013
Barnea & Co. in Rome
Barnea and Co. celebrated its 10 year anniversary by having a  4 day vacation in Rome. Between visiting local clubs and restaurants Barnea's employees had a Segway tour and visited the tourist sites such as the Pantheon, the Colosseum and the Spanish Steps.
November 3, 2013
Barnea & Co.'s team at the Nike night run
Barnea & Co.’s team took part in the annual Nike Night run, that took place on 29 October, 2013. Barnea & Co. team successfully ran the 10km route around Tel Aviv. The race started at Rabin Square in the center of town, and ended at the back of Park Ha’yarkon.
October 17, 2013
Heading for a settlement? A dispute for over 4 million dollars shall be mediated
The 4 million Dollars dispute between Ori Yogev, a majority shareholder in Whitewater, a water technology group, who is currently the head of Israel's Government Companies Authority, and Beni Tish, a Canadian businessman, is heading for mediation. Attorney Zohar Lande, Mr. Tish representative, stated that: "Mr Tish, who holds more than 15% of Whitewater shares (along with his family) is Whitewater's second largest investor and not a minor one. Mr. Tish invested approximately 4 Million dollars in Whitewater, and is the owner of overriding rights to which he is entitled by virtue of the company's article of association and the agreement (rights that Yogev is trying to withhold from him).
October 15, 2013
China's Suncore represented by Barnea & Co acquired the assets of Israel's Zenith Solar

Barnea & Co. represented Suncore in a transaction, that was effected by both the litigation and  the M&A departments, in which all of Zenith Solar assets were acquired by Suncore.

Suncore is a concentrating photovoltaic (CPV) systems manufacturer. ZenithSolar's system provides electrical output from a PV array and also generates hot water at a temperature suitable for domestic and industrial applications. Suncore is owned by San’an Optoelectronics, the largest LED manufacturer in China. LED technology is in many ways similar to the multi-junction PV cells used in CPV.

September 30, 2013
The former treasurer of Kibbutz Shefayim and his wife were convicted of stealing 16.5 million NIS from the Kibbutz

Attorney Zohar Lande, head of the litigation department at Barnea & Co, made a short statement on behalf of the Kibbutz: "We respectfully acknowledge the Court's verdict. Sadly, this sordid affair has had a major impact on the social fabric of the Kibbutz in the last decade. Since Doron's embezzlement was exposed, we have acted within the Kibbutz community, as well as within the judicial system, in an effort to retrieve the money that has been stolen from the Kibbutz. The Kibbutz shall keep cultivating the values of solidarity between its members. We are hopeful that today's verdict shall enable the members of the Kibbutz to return with much enthusiasm to their normal routine of productiveness and creativity".

September 3, 2013
Barnea & Co. is growing

Barnea & Co. continues its expansion. The firm has recruited three new attorneys that will work in the firm’s commercial department – Adv.  Ilan Blumenfeld, Adv.  Anat Even Chen and Adv. Karin Kashi. The firm now comprises of a team of 35 lawyers.

September 1, 2013
The best Lawyer Website – 2013
Barnea & Co. has been ranked as having the 2nd best website out of all of the law firms in Israel. The Magazine commented as follows: Barnea’s website is easy to navigate and is also prestigious and professional.
August 20, 2013
Financial Regulation, by Dr. Dotan Baruch, The lawyer

In 2010, the Israeli Parliament enacted the Securities Law (Amendment no. 42) , creating the framework for the licensing of the online financial trading industry in Israel. The Act is the first attempt of the government to regulate online financial trading in Israel, which is unregulated at all, allowing rogue operators to act, causing damage to consumers and to the reputation of respectful operators.

August 12, 2013
The Lawyer's special report: Tel Avision
The attractiveness of Israel's technology and energy sectors is beginning to draw more foreign lawyers into the country. Leading lawyers, such as  Adv. Simon Jaffa, discuss the entry of these foreign law firms into Israel and also the activities that these firms engage in once they are operating within Israel.
August 8, 2013
Barnea & Co. represented Orid Media Limited

Barnea & Co. represented Orid Media Limited in its sale of certain of its assets and liabilities, including its subsidiary, Pariplay Limited, an Isle of Man online gambling licensee, to a partly owned subsidiary of Majesco Entertainment Company, a NASDAQ listed company. The transaction will see Majesco invest a sum of between $3.5 to $4.5 million.

June 28, 2013
Sea view real estate

Before buying real estate close to the sea, Adv. Nadler advises that a buyer must bear in mind that the corrosion to buildings that are located near to the edge of the sea is substantial. "Maintenance issues are important factors to consider because of the dust and sea spray. You should also be aware that there are higher maintenance costs involved in owning an apartment near the sea arising from dust, dirt, corrosion and external maintenance to the property.
It's also very important to have proper and ongoing maintenance to the property and this incurs a substantial cost.  So if you calculate the apartment price whilst factoring in the higher maintenance costs  the  fee per square meter of the property would be a higher fee per square meter  calculated  in the purchase price and may be a lot greater than may be anticipated.

June 2, 2013
Barnea & Co. is the winner of "Machshavot" football tournament
Barnea's team began the tournament  with a 1-0 loss to Gornitzky. The team then went on to defeat ERM with a score of 8-0 followed by victories against the firms of Lipa Meir and Fischer Behar. In the final Barnea & Co.'s team were victorious and won the championship when they defeated Goldfarb with a score of 2-1. The first place prize was ten thousand NIS that was donated as a scholarship to students.
May 28, 2013
Raising Finance & Investing in the UK workshop: Exploring Opportunities, Challenges and Solutions

Barnea & Co and Mazars LLP in association with Bank Leumi (UK) Plc and UK Trade & Investment take pleasure in inviting you to an Exclusive Workshop on: Raising Finance & Investing in the UK: Exploring Opportunities, Challenges and Solutions.

Date: Monday, 17 June 2013
When: 08:30 to 12:30 – includes Brunch and networking
Where: Residence of the British Ambassador to Israel, Matthew Gould, in Ramat Gan
RSVP by 3rd June 2013 to Ms Dana Segev at dsegev@barlaw.co.il

May 16, 2013
A residential plot in Herzliya was sold for NIS 32 million

The plot, that can accommodate 43 units, was put out to tender after there was a dissolution of ownership in the plot between the owners. This emanated from the owners failing to reach the agreement between themselves as to whether to proceed with either developing the plot or selling it.

The tender and sale process was managed by Attorney Ariel Nadler, head of the real estate law department at Barnea & Co. To read more, please click here

May 9, 2013
Israeli gambling sites industries have been revealed due to a confidential agreement which has been leaked.

Barnea & Co. represents Mr. Menny Benish, Player 2 Player LTD. and R.I.I.G Limited, in a claim for over 12 M NIS against Moshe Tisona and Yalciner Enterprises Ltd.

May 1, 2013
The leading law firms team of BDI
BDI Coface ranks Barnea and Co. as experts in the firm's core practice areas and as a top leading Israeli law firm.
April 25, 2013
Israel: Licensing of Online Financial Trading

Trading online financial services, be it foreign exchange, commodities, share prices or stock indexes is the attracting customers all over the world; This has led several jurisdictions to introduce legislation aimed at licensing and regulating the online financial trading market. See PDF  by Dr. Dotan Baruch,  head of Barnea & Co.'s Internet Law department.

April 18, 2013
New Heights

The recent liberalisation of Israel’s legal market may lead to an influx of foreign advisers as well as the expansion of the domestic elite, excited by the prospect of heightened deal activity.

March 25, 2013
Musicians of tomorrow
Myisrael, in association with Barnea & Co. are proud to present a performance of "Musicians of tomorrow",  28th March, 2013.
March 21, 2013
Israeli mortgage regulations meant to curb rising home prices - Adv. Ariel Nadler

The Bank of Israel has changed mortgage regulations. Banks will now be required to hold more capital against any loan they issue. The move essentially means banks will have less cash to lend out, potentially making it harder for those who most need the loans to obtain them. 

March 18, 2013
Israelis invested in Cyprus Forex cannot withdraw their money
Online gambling and foreign exchange companies and their customers face potential hardship and losses due to moves taken by the government of Cyprus in an attempt to deal with its debt. For the full article, by Dr Dotan Baruch.
March 11, 2013
"Having a say on pay"

While the UK press has widely reported on ‘fat cat’ salaries and exorbitant bonuses of some of the most senior employees of public companies in the UK, in Israel new legislation on salary levels has been introduced to curb such excesses and limit and control the monies that have been pouring into the pockets of senior executives.

February 26, 2013
Seeking balance in the Israeli gas market

The Israeli natural gas market is moving in a direction whereby it is obliged to take nationwide decisions  in order to find a balance between the public's interest and the investors interests, the local demand and the export opportunities and between the needs of the current generation and those of the future. See full article by Adv. Simon Jaffa (founding partner of Barnea & Co and head of Infrastructure and Project Finance Department) in Haaretz.

February 26, 2013
"Israeli’s should get tax benefit for use of bicycle to work".

Many Western countries provide tax incentives for use of bicycle to work. Heavy tax burden alone is not effective without providing tax incentives simultaneously. The State of Israel has to formulate a compensation policy. Henriette Fuchs, head of Barnea & Co.'s Tax Law department, was recently interviewed by Globes on this matter.

January 16, 2013
A new Partner at the litigation department

The litigation department at Barnea & Co. is growing.

Noa Havdala has been appointed as a partner in the litigation team. Moreover, adv. Itay Hatam has joined the firm from AYR.

January 15, 2013
Claim in the amount of NIS 15,000,000 against Uri Yoggev

Claim in the amount of NIS 15,000,000 against Uri Yoggev: "He has provided false representations and has acted fraudulently". The claim was filed through Advocates Zohar Lande, Shay Sharvit and Itay Wigoda of Barnea & Co. Law Offices. To read more, please click here

January 14, 2013
"The Ministry of Justice's gamble"
Is it justifiable to block gambling sites? According to a Justice Department memo, a competent police officer may issue an order restricting access to a Web site, if there is a reasonable suspicion that the website is used for betting and that the site will continue to be used for betting if access is not restricted An article by Dr. Dotan Baruch in TheMarker.
December 31, 2012
"Lev Talpiot" shopping center - Barnea & Co. represented Pini Serfaty

Barnea & Co's was involved in the purchase of the "Lev Talpiot" shopping center in Jerusalem, which was completed on the 31.1.12 . The shopping center was purchased by RIT1 Investment Fund. Barnea represented Pini Serfaty, one of the shareholders of Lev Talpiot.

December 20, 2012
An interview with Michael Barnea

TheMarker annual edition entitled "The world is changing. And you?" dealt with the new "business world".  Adv. Michael Barnea discusses his career and the decisions that he has had to make during his career.

December 10, 2012
Barnea & Co. represented Ethemba Capital

Barnea & Co. represented Ethemba Capital (an offshore private equity investment fund) in the purchase of 46% (constituting control) of the issued share capital of Avgol Industries 1953 Ltd (a public company traded on the Tel Aviv Stock Exchange in Israel) for a purchase price of approximately USD 107 million.

November 12, 2012
Israeli work - coming your way

Israel, only 64 years old and home to just 7.9 million people, has produced a staggering number of start-ups, earning Tel Aviv a reputation as a center of technological innovation.
For the full article, by Adv. Simon Jaffa, please click here.

November 10, 2012
Taxation experts discussing the restricted profits

In a special meeting, the Knesset considered how to deal with approximately 120 billion NIS of profits gathered by very large Israeli companies. The Knesset considered whether the government should struggle in order to collect every tax possible (approximately 27 billion NIS) or agree to a settlement whereby only 3 billion NIS would be collected. Adv. Henriette Fuchs is discussing the matter. For the full article, please click here

November 8, 2012
Barnea and Co. annual excursion
The Barnea & Co team went on a team building excursion. Highlights of the trip including a program similar to the “amazing race” and a sunrise jeep trip. A hot air balloon ride was cancelled due to weather conditions.
November 4, 2012
Barnea & Co. filed an urgent request for provisional foreclosure and a prohibition of disposition order against Gad Zeevi

Advocates Zohar Lande, Noa Havdala and Itay Wigoda of Barnea & Co. filed an urgent request for provisional foreclosure and a prohibition of disposition order against Gad Zeevi. The purpose of the request is to guarantee that Gad Zeevi will pay to Zeev Rom the amount awarded to Zeev Rom in recent litigation.

October 22, 2012
Gad Zeevi will pay Zeev Rom $USD 1.5 million
Leading entrepreneur Gad Zeevi will pay Zeev Rom $USD 1.5 million as commission for his involvement in the transaction whereby Zeevi purchased 20% of Bezeq’s shares in 2000 in accordance with the decision handed down by the District Court of Haifa. Zeev Rom is represented by Advocates Zohar Lande, Noa Havdala and Itay Wigoda. Globes.
October 2, 2012
When tycoons keep the choicest business deals for themselves
Leading lawyers, among them Adv. Michael Barnea, are discussing the subject of executives’ salaries and the different ways controlling shareholders could collect profits. Further reading here.
September 30, 2012
Barnea & Co. represented Dune Medical Devices Ltd.

Following the successful launch of MarginProbe System, which received Pre-Market Approval (PMA) from the FDA early last year, Dune Medical Devices Ltd. has successfully completed the first of a two stage USD21 million equity financing.

August 30, 2012
Barnea & Co. represented SCR (engineering) Ltd.

Barnea & Co. represented SCR (engineering) Ltd. in the purchase of 70% of Milkline Srl’s, an Italian company, distributor in Europe.

July 2, 2012
The ICC Group was sued by the Administrator General

The ICC Group was sued by the Administrator General for 150 million NIS, who argued that the trustees acted in severe negligence while cancelling the loss of profits insurance. The group is represented by Advocates Zohar Lande, Shai Sharvit, Itay Wigoda and Levi Metchnik of Barnea & Co. 

July 1, 2012
A conflict between top airlines: Isra-air and Easy-Jet
A conflict between Isra-air and its business partner, Easy-Jet, has brought an end to their partnership in recent months. Isra-air has filed a claim in the Center District Court, accusing Easyjet, and its owner Michael Raz, of fraud. Advocate Zohar Lande of Barnea & Co acts for Easyjet and has stated that “Isra-Air has breached the partnership framework it had”.
June 30, 2012
Tips for participating in a BOT Tender in Israel

Tips for participating in a BOT Tender in Israel. by Simon Jaffa. Themarker Infrastructure Magazine, June 2012.

June 30, 2012
Barnea & Co. represented Tenova Group of its purchase of Bateman Engineering

Barnea & Co. represented the Italy based Tenova Group in the context of its purchase of Bateman Engineering for approximately USD150 million. Specifically our firm represented Tenova S.p.A in the purchase of 99% of Bateman Advanced Technologies Ltd., an Israeli company in the business of providing process engineering, technology and equipment in connection with solvent extraction and chemical treatment - for a purchase price of approximately USD 22 million.

June 30, 2012
Barnea and Co. represented MobeeArt Ltd

The firm represented MobeeArt Ltd, a software start-up developing breakthrough technology for creating mobile websites, in an investment round totaling about $ 1 million.

June 26, 2012
Espresso Club files a claim against Strauss

The leading coffee company, Espresso Club, is claiming for NIS 7 million from Strauss for withdrawing from purchasing the company. Espresso Club officials claim, through Adv. Zohar Landa and Shay Sharvit of Barnea & Co. Law Offices that during 4 months Strauss carried out a strict and extensive due diligence procedure of Espresso club and its business. During the due diligence, according to the claim, secret and confidential information was passed on to Strauss and such was exposed to Espresso Club’s main supplier.

June 9, 2012
Dutch companies will invest NIS 2.4 billion in food production projects in India and Africa, by using israeli technologies

Representatives of  Dutch food production companies and of Dutch universities visited Israel last week and met with Israeli companies  in order to  discuss the different options to establish cooperation and improve food production projects in the Third World.

 

May 31, 2012
The Israel Chapter on International Comparative Legal Guides

The Israel Chapter - Litigation & Dispute Resolution 2012 - on International Comparative Legal Guides. B

May 31, 2012
Barnea & Co.represented Zaki Rakib in the context of the purchase of Brazilian company

Barnea & Co.represented Zaki Rakib in the context of the purchase of Brazilian company that holds a licence to render Multichannel Multipoint Distribution Services in the interior of the State of São Paulo, Brazil, with a total bandwidth of 70 MHz. The firm further represented Zaki Rakib when a company controlled by George Soros joined the venture and provided a convertible loan of US$ 20 million.

January 1, 2012
The Challenges of technological innovation in water in Israel

Israel is proud of its water industry. It is an Industry that is based on limited resources and growing needs of the domestic water market, the global thirst for water solutions in all areas and the global reputation of companies that deal with Israeli water technology. Israel is also known for its technological industries. The local industry was based upon proven capabilities for initiating, financing, growth and realization of the companies in all areas of technology and life sciences. 

April 27, 2011
Barnea & Co. represented Ivory Computers Ltd.

Barnea & Co. represented Ivory Computers Ltd., a private Israeli retailer leading company engaged in marketing and selling of computers, peripheral device to computers and entertaining electronics, and its founders in a transaction with Premium (PIH) Holdings Ltd., a public company traded on the Tel Aviv Stock Exchange, in which Premium purchased 51% of Ivory's shares, from the founders and from the company, for a total consideration of NIS 15.5 million.

April 26, 2011
Barnea & Co. represented Glasshouse Technologies Inc.

Barnea & Co. represented Glasshouse Technologies Inc. in its sale of all of the outstanding shares of its subsidiary Glasshouse Technologies Ltd. (an Israeli company) to Taldor Communications Ltd. for a purchase price of approximately US $6,750,000.

April 25, 2011
Barnea & Co. represented Mr. Zaki Rakib

Barnea & Co. represented Mr. Zaki Rakib in the sale of a controlling stake in Ma'ariv, one of Israel's top daily newspapers, to Discount Investments Ltd, a corporation belonging to the IDB group, for a total investment by Discount Investments of NIS 140 Million.

March 27, 2011
Dr. Dotan Baruch was awarded in the 2011 Chambers Global Guide

Dr. Dotan Baruch, partner at Barnea & Co. law offices, was awarded in the 2011 Chambers Global Guide as a leading practitioner in the sphere of Global Gaming and Gambling; only 36 lawyers across the world were awarded as leading practitioners in this global sphere. Dotan heads Barnea & Co.’s gaming practice, and provides all-encompassing legal advice to operators and other stakeholders in the online gaming and gambling industry.

March 25, 2011
2011 Annual M&A Convention

Micky Barnea and Oren Speiser speak at the 2011 Annual M&A Convention, presenting "from handshake to closing - 50 ways not to lose a transaction".

March 20, 2011
Barnea & Co. represented a leading European energy company

Barnea & Co. represented a leading European energy company regarding the establishment with Rotem Industries Ltd and Gefen Biomed Investments - two Israeli firms specialising in cutting-edge technology - in creating a joint venture to finance and support the growth of innovative start-ups in the field of renewable and alternative energy and energy-saving technologies.

February 27, 2011
Barnea & Co. represented SpotOption

Barnea & Co. represented SpotOption, the leading binaryplatform provider, in the sale of its TraderXP customer facing business.

February 26, 2011
Barnea & Co. represented GES

Barnea & Co. represented GES – Global environmental solutions Ltd., in the acquisition of the remaining 49% of the issued share capital of its South American subsidiary from its local partner. GES is an international company engaged in the design, engineering, development, marketing and sale of water and wastewater treatment solutions and systems.

January 27, 2011
Barnea & Co. represented Funky Fish Ltd.

Barnea & Co. represented Funky Fish Ltd., an international franchise-based retail chain and a  top Fashion Accessories brand that offers gifts and accessories for girls and young women, in a USD 2 Million investment by a foreign investment group.

January 26, 2011
Barnea & Co. advised GES Global Environmental Solutions Ltd.

Barnea & Co. advised GES Global Environmental Solutions Ltd. in connection with an international tender issued by the Republic of Rwanda for the supply and installation of two containerized water treatment units.

January 25, 2011
Barnea & Co. advised Deutsche Postbank

Barnea & Co. advised Deutsche Postbank in connection with the collaterals to be provided by an Israeli parent company in relation to the financing of a real estate investment by its foreign subsidiary in the amount of approx. £11.5 million.

December 27, 2010
Barnea and Co. represented Viola Private Equity

Barnea & Co. represented Viola Private Equity, a private equity fund, in a USD 7 Million investment in Zend Technologies Ltd.

December 26, 2010
Barnea & Co. represented Polycad Industries (1989) Ltd.

Barnea & Co. represented Polycad Industries (1989) Ltd., a Kibbutz Shefayim company, in the purchase of the activity of a competing manufacturer in consideration for approximately USD 1.5 Million.
Polycad Industries (1989) Ltd. is a developer and manufacturer of plastic packaging for the food, cosmetics, toiletry and detergent chemical industries, using HDPE, PET, polypropylene and other special resins.

November 30, 2010
Barnea & Co. represented Amiad Filtration Systems Ltd.

Barnea & Co. represented Amiad Filtration Systems Ltd., a public company traded on AIM, in the acquisition of the remaining 50 %. of the issued share capital of its Chinese subsidiary from its local partners in consideration for USD 3 million. Amiad  Filtration Systems Ltd. is a producer and global supplier of water filters and filtration systems for the industrial, municipal and irrigation markets.

November 27, 2010
Barnea and Co. represented Sightic Vista Ltd

Barnea and Co. represented the image processing company, Sightic Vista Ltd., its founders and its major shareholder in an acquisition in which, the semiconductor giant, Broadcom Inc. (Nasdaq: BRCM), acquired the entire issued and outstanding share capital of Sightic Vista Ltd.

October 27, 2010
Dr. Dotan Baruch joined Barnea & Co as a partner

Dr. Dotan Baruch joined Barnea & Co. as a partner. Dotan will be heading the gaming, gambling, internet and e-commerce practice.
Dotan was ranked in the 2009 and 2010 Chambers Legal Global Guide as a top rated lawyer in the sphere of Global Gaming and Gambling being described as “immensely skilled, motivated and ambitious", and was recognized in the 2010 Who's Who Legal Guide as a leading practitioner in the sphere of Internet and E-Commerce in Israel.

August 27, 2010
Barnea & Co. represented GES

Barnea & Co. represented GES – Global environmental solutions Ltd., in the merger and acquisition of Nitron Chimtech Ltd., a leading sewage treatment facilities operator. GES is a leading international company engaged in the design, engineering, development, marketing and sale of water and waste water treatment solutions and systems.

June 27, 2010
Barnea & Co. merged with the firm of Kleinman
Barnea & Co. merged with the firm of Kleinman, Nadler & Co. The merger expands our firm's expertise in all fields of property law. Kleinman, Nadler & Co, headed by Joshua (Shuki) Kleinman and Ariel Nadler, is considered one of the leading boutique firms in real estate both in Israel and abroad. Its clientele includes many property companies and contractors, as well as the Israel Land Authority (for which it acts on behalf of the Attorney General in connection with the evictions of the "Binuy-Pinuy" project in South Tel Aviv), the Mul Yam Group in Eilat and Dankner Investments Ltd (a member of the Delek Real Estate Group).
May 27, 2010
Barnea and Co. represented Dune Medical Devices Ltd.
Barnea and Co. represented Dune Medical Devices Ltd., in a USD7.7 million financing round. Dune Medical Devices develops and commercializes devices for real time tissue characterization, designed to facilitate complete, therapeutic excisions in surgical and interventional oncology procedures.
April 27, 2010
New M&A transaction: Barnea & Co. represented Amiad Water Systems Ltd.

Barnea & Co. represented Amiad Water Systems Ltd., a public company traded on AIM, in a USD 22 Million merger and acquisition of Arkal Filtration System. Both Amiad and Arkal are producers and global suppliers of water filters and filtration systems for the industrial, municipal and irrigation markets.

March 31, 2010
Barnea & Co. represented Amiad Water Systems Ltd.

Barnea & Co. represented Amiad Filtration Systems Ltd., a public company traded on the AIM, in the acquisition of a majority stake in JSK Engineering Co., an India-based supplier and manufacturer of water filtration products, from its local owner. Amiad Water Systems Ltd is a world leading water filtrations company, traded on AIM, and was the first kibbutz owned company to ever list on a foreign (non-Israeli) stock exchange, a process that was introduced and led by Barnea & Co in late 2005.

February 27, 2010
Barnea & Co. advised a well known French concern
Barnea & Co. advised a well known French concern on its acquisition of Areva T&D's transmission activities. Our client entered into a consortium agreement for a joint bid for the acquisition of Areva's T&D business. Barnea successfully notified and received approval for the complex acquisition from the Israeli Antitrust Authority.
November 27, 2009
Barnea & Co. represented Amiad Water Systems Ltd.

Barnea & Co. represented Amiad Filtration Systems Ltd., a public company traded on the AIM, in the acquisition of a majority stake in JSK Engineering Co., an India-based supplier and manufacturer of water filtration products, from its local owner. Amiad Water Systems Ltd is a world leading water filtrations company, traded on AIM, and was the first kibbutz owned company to ever list on a foreign (non-Israeli) stock exchange, a process that was introduced and led by Barnea & Co in late 2005.

November 26, 2009
Barnea & Co. advised Piraeus Bank

Barnea & Co. advised Piraeus Bank in connection with collaterals to be provided by Israeli individuals in relation to the financing of a real estate investment in residential real estate in Bucharest by a non-Israeli company.

October 27, 2009
Barnea & Co. represented SCR (Engineers) Ltd.

Barnea & Co. represented SCR (Engineers) Ltd. and its founding shareholders, in the sale of 20% of their shares to Tene Growth Private Equity Fund, for an amount of NIS 40 Million. SCR is a world leading provider of precise dairy herd management solutions.

September 27, 2009
Barnea & Co. represented Kibbutz Shefayim

Barnea & Co. represented Kibbutz Shefayim, in a NIS 5.2 Million investment in STI Security Technology Integration Ltd. STI is active in the international homeland security market, focusing on detection and prevention of terror activities for strategic facilities world-wide.

March 29, 2017
Lexology Navigator - Arbitral proceedings in Israel

As a litigation expert, Zohar Lande was chosen to be the author of the Israeli chapter of "Lexology Navigator - Arbitral proceedings in Israel ".

In this exclusive chapter, Zohar provides a market and regulatory overview in respect of Israel.

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