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Insights & News

September 24, 2020
Ariella Dreyfuss to Serve as Judge for IBM Alpha Zone Pitch Day
The IBM Accelerator Pitch Day will be held today. As part of the event, entrepreneurs will present their ideas to a panel of experts. Ariella Dreyfuss will serve on the judges' panel at the event
September 15, 2020
“It’s A New World Out There – Hedge Funds Navigating COVID”
As part of our legal counsel to the Israel Hedge Funds Association, we are proud to be involved in the IHFA's 8th Annual Conference. The theme of the conference is “It's A New World Out There – Hedge Funds Navigating COVID.”
September 7, 2020
Cyber Attack on Tower Semiconductor: What is the Effect on the Company’s Activity?
Tower identified a cyber attack on its systems and released a statement saying it had taken measures to prevent the event’s further development. Yuval Lazi and Anat Even Chen, partners from our firm that represent companies dealing with cyber breaches, were interviewed by Globes on the matter. They explained the attack’s impact on the company, the company’s different alternatives of how now to respond, and when and if a company should report a cyber attack.
August 25, 2020
New Ruling Expected to Reduce Managers' Responsibility Following a Company's Collapse
In an important ruling recently handed down, the Tel Aviv District Court rejected a NIS 120 million lawsuit filed by Habas Group against the company's managers. Judge Kabub's ruling constitutes an initial interpretation of a new section of the the Insolvency and Rehabilitation Law, which deals with the degree of responsibility that can be attributed to managers when the company they run becomes insolvent. Advs. Eyal Nachshon and Michael Dubin analyze the ruling in an article published by Calcalist.
August 25, 2020
TheMarker published this morning an in-depth report on the logistics of purchasing COVID-19 products
The article mentions the Ministry of Finance's decision to exempt from a tender process LR Industries Ltd., an Israeli importer, thus allowing it to supply millions of COVID-19 testing kits to the Ministry of Health, at an estimated value of USD 7.7 million. In response, veteran Israeli company Biological Industries Bet Haemek filed an administrative appeal and a motion for an interim order against the decision. This process was led by Advs. Shai Avnieli and Shay Bello from our firm.
August 20, 2020
A Startup Guide to the American Market
Daniel Lorber was invited to speak at a new Tech7 and Nisha Global meetup for those looking for their next market overseas. Daniel discussed the differences in US and Israeli business cultures.
August 19, 2020
Zvi Gabbay Lectures Compliance Officer Training Course
As an expert in the compliance field, Zvi Gabbay was invited for the fourth straight year to lecture a compliance officer training course organized by the BDO Academy of Finance and MITIGATE. This unique practical course is geared to compliance officers in international financial organizations. During the lecture, Zvi discussed administrative enforcement and enforcement plans.
August 17, 2020
Adv. Niv Polani, Retired Bank Hapoalim Executive, Joins Barnea Jaffa Lande
Adv. Niv Polani has more than thirty years of experience in the legal and banking worlds. He held several senior positions at Bank Hapoalim, one of Israel's largest banks, including Vice General Counsel, Chief Compliance Officer, Vice President, and Head of Corporate Development. Niv also served as the General Counsel and Head of Regulatory Affairs of one of Israel’s leading credit card companies. Niv joins Barnea Jaffa Lande as an of counsel and will focus on developing and strengthening the firm's activities in the banking and payments fields.
August 13, 2020
Supreme Court Reduces Protection for New Apartment Buyers
A new Supreme Court ruling determines that a warning note may not be used as collateral for buyers of apartments in a TAMA 38 project in Ramat Gan in which the developer went bankrupt. In light of the ruling, Elder Adato, the head of our Real Estate Department, was interviewed by Calcalist. He commented: "In dozens of TAMA 38 projects all over the country, the only collateral home buyers received until now was a warning note. These warning notes were primarily intended to ensure the money of home buyers. It is important to note that this ruling applies only to a specific event, in which the contractor collapsed and the warning notes constituted an 'onerous asset' for the completion of the project. "
August 10, 2020
Real Estate Investors: What to Know about Purchasing an Apartment Following the Decision to Lower Purchase Tax Rates
The Ministry of Finance has announced reduced tax rates for the purchase of an apartment for investment. How much will you pay and how can you choose the right tax payment route for you? Check out Liat Keisary’s guide for investors published by Mako.  
August 10, 2020
Providing Counsel in the Establishment of a New Investment Fund in Asia
Liquidity Fund of Meitav Dash will establish with MUFG Bank, the world’s largest Japanese bank, a new private investment fund in Asia. The new fund will be incorporated in Singapore, and will provide credit to companies in Asia, through securitization transactions of future cash flows. Our firm, led by attorneys Roy Engel and Yuval Lazi, accompanied Liquidity, which as part of the agreement will provide the joint company with management and underwriting services.  
August 5, 2020
Barnea Representing Original Shareholders the Topaz Family in Sale of Holdings in Keystone Group
About a year and a half after the investment fund Accelmed, which is managed by Uri Geiger, announced the merger of the company it controls, American Keystone Group, with the Israeli Paltop company, controlled by Shmuel Topaz, it is now acquiring the entire holdings in Paltop for NIS 100 million. This ends the conflict between the investor groups of Paltop and Accelmed. Advs. Daniel Lorber, Netta Bromberg, Harel Perlmutter and Dor Marinovsky represented the Topaz family and the Paltop investors.
August 3, 2020
Barnea Represented Azrieli Group in Launch of New Fashion Website
Azrieli Group and MGS have launched a retail website to sell fashion and footwear products. This is the first time Azrieli has set up a company together with a retailer. The deal was led by Sagi Gross.  
July 30, 2020
Expanding to International Markets – Is Your Business Ready?
Micky Barnea was invited to be a guest speaker in a webinar held on July 30 presented together with CoWrks Foundry (an India-based accelerator), RIHub (US-based innovation hub), and Brown University. Micky discussed the legal aspects of introducing a startup to the international market.
July 27, 2020
COVID-19's Effect on Completing Transactions
Many steps go into completing MA transactions. Now, with the COVID-19 outbreak, companies are taking this time to modify and sometimes even cancel transactions. What is behind the delay in completing transactions, and on whom to take the risk? Globes interviewed MA expert Micky Barnea on the subject.
July 22, 2020
Webinar: How to Make a Difference
The Tel Aviv University Entrepreneurship Center begins today its series of summer lectures. "Summer Entrepreneurship" is a weekly program that invites four experts to talk about various topics related to entrepreneurship. The opening webinar today will host four experts in the high-tech field in Israel, including Micky Barnea. Micky will discuss the entrepreneurial relationship and why it is critical to a venture's success.
July 20, 2020
Returning Residents: Welcome Back to Israel?
Each year, many returning residents arrive in Israel. Following the COVID-19 outbreak, the number of people seeking to return to Israel has increased even further. The process of returning to Israel is not simple, and returning residents face enormous difficulties as part of it. A Ynet article on the subject featured an interview with Harel Perlmutter, a partner and the head of the firm’s Tax Department. Harel explained: “Those who return to Israel after less than six years abroad have almost no tax benefits.” He added that “there is a great confusion about the rights and benefits returning residents are eligible to from the National Insurance Institute. Over the years, the benefits for returning returns have been cut back, and this has kept people away from the country.”
July 19, 2020
NIS 600 Million Financial Closure at Etgal Power Plant
We represented a group of institutional lenders, including Psagot and Amitim, in a deal to finance Shikun Binui Group's construction and operation of a power plant in Ashdod, for approx. NIS 600 million. Amitim and Psagot were represented by Advs. Simon Jaffa, Samuel Henri Samuel, and Rotem Orbach.  
July 16, 2020
COVID-19 Cross-Border Briefing: Updates
Our firm was chosen to provide the Israel section of a briefing on governmental measures taken during COVID-19 in key jurisdictions. The publication offers a general summary of the law and is aimed to assist businesses through these ever changing times.
July 12, 2020
Dividend Distribution in Times of Covid-19
The recent dividend distribution by TASE-traded company Fox-Wizel Ltd. after receiving emergency funding from the Israeli government not only raised moral questions but also underscored the complexity facing many companies at this time. Globes published an op-ed by Micky Barnea in response to the backlash following the company's actions. Micky noted that a key challenge faced by companies is how to balance between dealing with the difficulties and uncertainties of the COVID-19 era, on the one hand, and the desire and responsibility to continue operations as commercial enterprises, on the other.
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