Insights & News

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”.

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

Barnea 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.

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

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 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.

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.

 

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

We 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.

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. 

Barnea 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.

Barnea 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.

Barnea 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.

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

Barnea 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.

Barnea 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.

Barnea 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.

Barnea 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.

Barnea 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.

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

Barnea 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.