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February 11, 2019
M&A in Israel Guide 2019
Advs. Micky Barnea and Ariella Dreyfuss of the firm's Corporate Department provided a snapshot of merger and acquisition law in Israel, as published by Lexology.
January 22, 2019
Event Invite: The Legal Advisor's Role When Dealing with a Company in Crisis
Together with the Association of Corporate Counsels, we are holding on February 6th a seminar on the legal advisor's role when a company is in crisis. The seminar will feature a simulation of a multi-crisis event, with participants focusing on managing the crisis opposite regulators, media, business partners, and employees.
December 24, 2018
Calcalist Article on the Breakdown of Control in Companies
Adv. Micky Barnea was interviewed for an article in Calcalist's Executive Magazine about the superseding power of CEOs over the board of directors in public companies.
December 19, 2018
ITA Sharpens Procedures in Wake of New Tax Circular
Adv. Micky Barnea was featured in a follow-up article in Globes about the Income Tax Authority's new circular that changes the tax policy relating to capital-based compensation dependent on performance. According to Barnea, "The new circular stipulates that options allocated under an approved plan, submitted lawfully to the Tax Authority, may be discovered on judgment day as not being entitled to reduced capital taxation."
November 8, 2018
Barnea Represented Sakal Global Duty Free Ltd.
Our firm represented the owner of Sakal Global Duty Free Ltd. in the sale of the company as part of the sale of the entire Sakal Group to businessman Teddy Sagi.
November 6, 2018
Israel Innovation Tour: UK Delegation
Our firm hosted today a delegation of senior executives from British companies and authorities. The delegation is part of a cooperation with the consulting company Ntegra, Bird and Bird law firm and Barnea. As part of the tour, the delegation visited our firm and met several startups for potential investment. Micky Barnea also provided a case study of the activity of foreign companies in Israel.
November 6, 2018
The People Who Shake Management: 70% on Mellanox
Micky Barnea and Adv. Steve Wolosky are featured in a TheMarker profile about being the representatives of the American investment fund Starboard Value during its investment in Mellanox.
October 3, 2018
Legal Workshop for The Xcelerator
Micky Barnea conducted today a legal workshop for The Xcelerator, the new accelerator program created jointly by the Israel Security Agency and Tel Aviv University’s TAU Ventures.
September 4, 2018
Activist Shareholders – The Israeli Challenge
Barnea and ACC hosted today a seminar on shareholder activism. Micky Barnea discussed activism in Israeli companies, while Noa Havdala lectured on activism in the courtroom. Also presenting were Elchanan (Nani) Maoz from Everest Fund and Steve Wolosky from Olshan Frome Wolosky LLP.
September 4, 2018
Catalan Delegation
We hosted together with Catalonia Trade Investment a delegation of companies that arrived in Israel in search of new investment opportunities.
August 14, 2018
What's Best for a Business: Controlling Shareholder or Executive Management?
Adv. Micky Barnea, our firm's Managing Partner, is featured in an extensive interview with TheMarker on the question of what contributes more to the proper management of a company—a dominant controlling shareholder or executive management—and how this affects the work of the board of directors.
August 12, 2018
Event Invite: Activist Shareholders – The Israeli Challenge
Join Barnea and ACC for a seminar on shareholder activism. During the seminar we will examine activism in Israeli companies and the courtroom, while comparing the American and Israeli markets.
August 7, 2018
Legal 500 Briefing: Foreign Investment in Israel
Advs. Michael Barnea and Mayer Winkler co-authored the chapter on foreign investment in Israel in the Legal 500 guide, providing information on the key factors to consider when looking to invest in Israeli companies by way of MA.
July 30, 2018
Barnea Represented JJDC as the Lead Investor in OrthoSpin Ltd.
Our firm represented the US pharmaceutical and medical devices company Johnson Johnson Development Corporation (JJDC) in a USD 3 million lead investment round in OrthoSpin Ltd. OrthoSpin is an Israeli-based startup that provides smart robotic external fixation systems.
July 12, 2018
2018 Opportunities in the Israeli Market
Despite the many internal and external challenges unique to Israel, the country has successfully transformed itself into a powerhouse of technological innovation. Israel has become an excellent destination for international business, boasting a strong local currency, an active local economy, and robust export industries.    Technology and Innovation Israel is a center of technological excellence in the innovation and technology spheres. It regularly attracts leading international companies looking to invest in and acquire innovative technologies. Companies in the medical devices, cyber security, automotive technology, artificial intelligence, and fintech fields are among those whose technologies have already attracted significant non-Israeli investment and who are expected to attract significant non-Israeli investment well into the second half of 2018. The "Start-Up Nation" nickname definitely encompasses not only traditional centers in Tel Aviv, but also working spaces, accelerators, incubators, and early-stage funds in Haifa, Herzliya, Jerusalem, the Galilee, and Be’er Sheva. Major international companies have decided to invest in incubators and accelerators as a way of spotting future stars with original ideas and technology. The Israeli government is also endeavoring to support the technology ecosystem. For example, last year, new tax rules came into effect, benefitting multinational companies holding their intellectual property in Israel, and expanding the scope of tax deferrals for corporate restructuring.  Infrastructure A number of Israeli infrastructure projects are currently in the works. These projects traverse a broad range of sectors and provide a good opportunity for international corporations. In the energy sector, a new electricity reform will enable the entry of new players into the electricity sector. The reform is expected to end the monopoly of the government-owned Israel Electric Company (IEC) and permit competition from independent power producers (IPPs). Over the next five years, as part of the reform, and in a bid to increase competition in electricity supply, the IEC will sell off to the IPPs several gas-fired power stations - in Eshkol, Reading, Alon Tavor, Ramat Hovav, and the eastern part of the Hagit site. This step will promote the entry into the electricity sector of new players who are interested in purchasing and modernizing the gas-fired power stations currently held and operated by the IEC.  Also, the Israeli government is planning to publish tenders for the construction of Israel's largest solar site, with a capacity of 500 megawatts. This site is expected to be one of the largest solar sites in the world.    In the water sector, the Ministry of Finance recently published a giant PQ invitation for the construction of the sixth desalination plant in Israel. With an annual capacity of 150 million m3/year, this plant will be the largest desalination plant in Israel. The Israeli transportation sector is also in the midst of certain mega projects, mostly involving the development of light railways in Jerusalem and Tel Aviv. These projects include the extension of the Jerusalem Light Rail, and the upcoming construction of the green and purple lines of the Tel Aviv Light Rail. Also, as part of Israel’s five-year development plan published in late 2017 to modernize its infrastructures, the Israeli government has expressed its intention to extend Israel’s network of highways. It is due to publish tenders in this respect, on the basis of either PPP concession projects or simple turnkey projects.   Investments Investments and capital markets are flourishing in Israel, as both high-tech and mid-tech companies continue to attract investors throughout the various stages of their business: early-stage angel investors, venture capital and strategic investors, and private equity and hedge funds. Israeli companies seeking an exit are also setting their sights on the capital markets – in Israel and abroad. The efforts of the Tel Aviv Stock Exchange, and the easing of certain requirements introduced by the Israel Securities Authority, have begun to bear fruit. In 2017, more than 15 new companies (either local or foreign) joined TASE and trading volumes on the exchange rose.  Raising new investments continues to run in parallel to the strong trend of merger and acquisition transactions, led primarily by international corporations acquiring Israeli-based companies. Israel's Potential Whether through investments or bids for projects, international companies have more opportunities than ever to gain a foothold in this small but thriving country's economy.  Source: barlaw.co.il
June 11, 2018
Micky Barnea Attends Association of Corporate Counsel (ACC) Annual Event
Israel’s top legal experts and in-house counsels participated in the ACC Israel Annual Summit: "The Challenging Role of In-House Counsels in Israel.” At the event, Micky Barnea took part in the panel discussion on the relationship between corporate counsel and external legal advisors.
June 4, 2018
Israeli Court Scrutiny Over Decisions of a Board of an Israeli NASDAQ Traded Company in a Proxy Fight
Recently, a four month proxy fight over control of an Israeli incorporated NASDAQ traded company was settled, following a series of proceedings held before the Tel Aviv District Court. At a crucial juncture, the Tel Aviv Court was asked to issue a temporary injunction over a transaction initiated by the board, which included a highly dilutive (24.9%) issuance of shares.
May 22, 2018
Landmark Israeli Court Decision Halts Deal between Two US Companies
An Israeli court has ordered to halt an investment deal in Arcturus Therapeutics, pending clarification of the lawsuit filed by Joseph Payne, the company's founder, regarding the cancellation of his dismissal as CEO. This decision was made despite the fact that the company operates in the United States with American management. Joseph Payne is represented by Advs. Micky Barnea, Zohar Lande, Noa Havdala, Omer Keydar, and Ron Shuhatovich.
May 14, 2018
Ethemba Capital Selling Control in Avgol to Indorama Ventures
Our firm is representing British private equity firm Ethemba Capital in its sale of control in Israeli company Avgol Nonwoven Industries Ltd. to Indorama Ventures Spain S.L., a chemical manufacturer whose shares are traded on the Thai stock exchange. The price of the sale is valued at NIS 1.7 billion.
May 8, 2018
Micky Barnea Addresses Challenges of Late-Stage Startups
Managing Partner Micky Barnea is speaking today at the IBM Alpha Zone Accelerator on the issues facing late-stage startup companies.
May 7, 2018
IFF to Buy Israel's Frutarom
Our firm represented International Flavors Fragrances Inc. (IFF) in its acquisition of Frutarom, the Israeli flavors and ingredients maker, for USD 7.1 billion.
April 30, 2018
Barnea Hosts Group of Japanese Investors
A group of Japanese investors are visiting our firm today to meet with startup companies.
April 26, 2018
Seminar on How TASE Can Spur Growth of Kibbutz Industry
Barnea, BDO Israel, and the Tel Aviv Stock Exchange (TASE) are hosting today a seminar on the accounting and legal aspects of issuing collective companies on the TASE.
April 22, 2018
Kibbutz-Owned Companies Prefer the Investment of Private Funds
Micky Barnea, our Managing Partner, was interviewed by Globes on kibbutz-owned companies' transition from launching IPOs on the stock exchange to seeking investments from private equity funds.
April 17, 2018
Barnea Represents TAU Ventures, Tel Aviv University Early Stage Start Up Investment Venture Capital Fund
Our firm is representing TAU Ventures, the first venture capital fund established by a university in Israel.
April 15, 2018
Executive Compensation in Dual-Listed Israeli Companies
Adv. Micky Barnea, our Managing Partner, was interviewed by Globes on the topic of executive compensation policy in dual-listed Israeli companies.
February 26, 2018
Micky Barnea Hosting Panel at Annual Foreign Law Firms Conference
Adv. Micky Barnea, our Managing Partner, is hosting today the AI panel at the 4th Annual Foreign Law Firms Conference.
February 21, 2018
Micky Barnea Participates in Dun's 100 2018 Leaders Law Forum
Micky Barnea participated in the Dun's 100 2018 Leaders in Law Forum. In attendance were the heads of 24 of Israel's leading law firms.
January 24, 2018
Hosting a Delegation on Behalf of the Japanese Embassy
Our firm is hosting today, on behalf of the Japanese Embassy, a delegation of large-company CEOs who came to Israel as part of an innovation tour.
January 23, 2018
Seminar on Data Protection and Privacy for the Israeli Directors' Union
Our firm is hosting the Israeli Directors' Union today for a seminar on data protection and privacy. Dr. Dotan Baruch will lecture on the new European privacy regulation (GDPR) and on directors' exposure in the age of privacy. Adv. Asaf Shalev will discuss new data security regulations.
January 17, 2018
Barnea & ACC Seminar – Blockchain, Bitcoin, and ICOs
We are hosting today together with the Association of Corporate Counsel a seminar on blockchain and digital currencies. Dr. Zvi Gabbay will discuss new regulatory challenges, while Micky Barnea will address blockchain and smart contracts. Tal Cohen, Compass Blockchain Solutions's CEO, will give a special introductory lecture on bitcoin and digital currencies.
January 8, 2018
Hosting a Student Delegation from Handong Global University
Our firm is hosting today a student delegation from Handong Global University. The students are visiting Israel from South Korea.
December 26, 2017
Mickey Barnea Interviewed by Globes on Israel's Capital Market
Adv. Mickey Barnea, our firm's managing partner, was interviewed by Globes on the major events that have taken place in Israel's capital market in the past year: the re-emergence of initial public offerings on the Tel Aviv Stock Exchange, the Bezeq affair, and ICOs.
December 4, 2017
Israel Weighing Tax-policy Options After U.S. Senate Approves Dramatic Tax Cuts
Micky Barnea was interviewed by TheMarker regarding the effects on Israeli corporate tax following the U.S. Senate's approval of tax cuts that would lower the corporate rate to 20% from 35%, a move that has left Israel’s headline rate three percentage points higher.
November 22, 2017
Hosting a Delegation of British Executives in Israel
UK Israel Business is a bilateral chamber of commerce that connects British and Israeli businesses across all sectors. As part of its activity, it invited a delegation of British executives to Israel. The delegation came to explore possible investment avenues in technological projects, and visited entities in the technology scene. A final event for the delegation was held in our offices.
November 20, 2017
Workshop: Guidelines for Equity-Based Plans
Barnea Co. is hosting today together with barneaXcrossing and ESOP Excellence, a morning workshop on equity-based plans for entrepreneurs and technological startups. Micky Barnea, Managing Partner, will discuss options plans for partners and employees.
November 7, 2017
Fintech: Challenge and Potential
Fintech combines for the first time the worlds of financial services and technology, as banks and insurance companies serve as fintech’s main playing fields. As such, both sectors must become more efficient and acquire the technological solutions that will help them fulfill their roles. Fintech promises to bring innovation to existing players, but also threatens to disrupt conservative industries and replace them with new models and players. The connection between the two components of fintech has proved challenging, in light of the fundamental differences in the characters of these two components. Technological solutions are provided by startup companies that, by nature, are small organizations driven by the need to work quickly and efficiently, due to the short time-to-market and the requirement to sell and recruit capital. On the other hand, the MVPs in the financial services sector are large, hierarchic organizations characterized by sluggish bureaucracy that negates rapid decision-making and agility in implementing innovative solutions. Regulation and Fintech Fintech companies operate in a regulation-intensive environment, and this is the first main challenge, because regulations essentially define their ventures and their feasibility. On the other hand, in most of the technological fields that startup companies engage in, the challenges are innovation, competition, and the business model. Regulation is less of a challenge, if one at all. The dominant role of regulation in the fintech sector is unique. Therefore, gaining in-depth knowledge of the synergies between regulation and fintech is critical during any analysis of a fintech venture’s prospects. And the venture must know how to maintain compliance with the various regulations in order to succeed. By their very nature, financial services are subject to a wide range of meticulous regulations. The types of regulations that affect fintech include banking regulations, insurance regulations, and the prevention of money laundering, as well as privacy, consumer, and securities regulations. The various regulatory categories in the financial services sector follow and are adapted to the structure of the traditional market, with each sector being closely governed and controlled by its own set of regulations and regulatory authority. In many instances, fintech strives to resolve the problems created by existing regulations, but it also must keep in mind that its operations are subject to those same regulatory systems. Already at the stage of defining the product and service a fintech venture wishes to launch on the market, it must familiarize itself with the relevant regulations. It then must find solutions that comply with the regulatory conditions, as well as that enable it to obtain approval from the relevant regulatory authority. There are numerous dimensions to gaining familiarity with the regulations. First of all, similarly to every startup company, fintech ventures are also striving to go multinational and operate in a variety of countries. The problem is that regulations in one country are different and sometimes contradict the regulations in another country. The differences are in language, laws, and even approach. This means that the learning and compliance process is multi-dimensional and, in essence, an unending task. If this were not enough, another problem is that regulations are drafted based on the structure of the conservative market—banking regulations for banks, insurance regulations for insurance companies, and so forth. On the other hand, in many instances, fintech ventures disrupt the structure of the traditional market. This disruption, by its very nature, creates new connections and approaches. As a result, fintech companies find themselves in a minefield of differing, overlapping, and contradictory regulations. However, the regulatory challenge is not just difficult, but also a main foundation for creating value. Any fintech venture that has already become well-versed in the subject, and has adjusted its solution to the various regulations, creates a real advantage over existing and new competitors. The entry barrier to this sector is not only the development stage, but rather the strength of the regulatory solution. In essence, regulatory knowledge actually becomes intellectual property. For example, the banking sector is characterized as a regulation-intensive sector. The banking supervisor’s regulations relate to various aspects of banking corporations’ operations, including licensing, corporate governance, various regulations relating to capital adequacy and banks’ capacity to assume various risks, consumer regulations relating to banks’ relations with their customers, the prohibition of money laundering, and more. Any fintech venture seeking to interface with the banking system, to provide it services or replace some of the banks’ roles, must be well-versed in the relevant local regulations and ensure its compliance with them. Clearly, the greater the challenge, the greater the potential. Privacy and Fintech During the coming year, new and enhanced privacy-protection and information-security regulation systems are expected to come into effect throughout the world. These are headed by the European GDPR, which deals with privacy protection and will take effect in May 2018. As a result of these processes, the issues of privacy and database protection against cyber risks will have an impact and a presence on the technological agenda in the coming years. Fintech ventures create solutions that make use of sensitive personal information. As such, the ventures are engaging in fields that are exposed to privacy and database issues. Basically, all financial services involve the collection and saving of sensitive personal information. Electronic mail addresses, phone numbers, personal details, financial information, marital status, special identifying details, workplace, family members, and more are collected as part of the process of getting to know the customer in order to provide him with services, advice, and an identity. All this sensitive information has been collected, saved, stored, processed, and transferred within the companies' technological systems. But these systems are also exposed to attacks and challenges from all sides. The exposures, in instances of intrusions, are not limited to sanctions that may be imposed on a company by the regulatory authorities, but also include a potential mortal blow to the company’s reputation and civil suits being filed by individuals on the grounds of infringement of privacy. In light of this, the fintech sector must adopt high standards of privacy protection and security. Fintech companies are required to create privacy-protection and information-security regulations for the enormous volume of information they collect, at standards on par with the customary international practices. Source: barlaw.co.il
November 2, 2017
Barnea & Co. represents the controlling shareholder in Lapidoth
As part of the control struggle over the A.D.O Group, our firm was chosen to represent Jacob Luxembourg, the controlling shareholder in Lapidoth. With the assistance of Advs. Mickey Barnea and Ron Shuhatovich, Mr. Luxembourg sent a letter of warning to all the directors of A.D.O Group, claiming the company's joint control agreement, signed between Shikun and Binui, the Apollo Fund, and the Dayan family, is damaging it.
October 26, 2017
Hosting a Delegation of Investors from Mexico
Barnea Co. hosted today a delegation of Mexican investors who came to Israel to find investment opportunities. Adv. Micky Barnea, the firm's Managing Partner, met with the delegation and spoke about the Israeli ecosystem.
September 28, 2017
Hosting a Delegation of Chinese Executives
We are hosting today a delegation of senior executives from large enterprises across a variety of industries in China. These executives have come to Israel to learn about Israeli innovation and entrepreneurship.
September 26, 2017
Article on Regulatory Challenges of FinTech Companies Featured in TheMarker
Micky Barnea, the firm's managing partner,published an article on the regulatory challenges facing Fintech companies, in TheMarker's FinTech Magazine. Micky notes that entry barriers to this field are not only the development stage, but also the strength of the regulatory solution. Therefore, acquired knowledge can become a real intellectual property and carry enormous potential.
September 5, 2017
Micky Barnea to Discuss Late-Stage Startups' Challenges at IBM Accelerator
Adv. Micky Barnea, Managing Partner, will lecture today at the IBM Alpha Zone Accelerator on the challenges of late-stage startups.
July 25, 2017
Barnea & Co. represented Industries Centers EOD in the acquisition of control by US company ADM
The acquisition of control by US company ADM of Israeli company Industries Centers EOD—which imports and markets animal feed, processes seeds, and stores emergency inventory for the state—has been completed. The company was represented by Advs. Micky Barnea, Yuval Lazi, Ilan Blumenfeld, Daniel Lorber, Sagi Gross, and Daniel Kleinman.
July 11, 2017
FDI Magazine Executive Breakfast Briefing: Investment opportunities in Israel
Michael Barnea, our Managing Partner, is participating today in a panel discussion on investment opportunities in Israel. The event is being held in London under the auspices of FDI Magazine, which is published by the Financial Times.
July 4, 2017
Micky Barnea will lecture today at a Training Seminar of the Israel Bar Association
Micky Barnea, our Managing Partner, will lecture today at a Training Seminar of the Israel Bar Association on the management of a law firm.
July 2, 2017
Barnea & Co. represented Johnson & Johnson regarding its investment in the startup, DayTwo
Barnea Co. represented Johnson Johnson in respect of its investment of USD 12 million in the startup, DayTwo, which provides personalized nutrition recommendations based on mapping and analyzing the composition of intestinal bacteria.
June 25, 2017
Board of Directors 2017 - Challenges and Risks
Barnea Co., in cooperation with the Israel Director Union, is hosting a seminar on the challenges and risks in the functions of a Board of Directors. Micky Barnea, our Managing Partner, will discuss the risks in the functions of the board of directors. Dr. Zvi Gabbay, Partner and Head of the Capital Markets Department, will deal with corporate governance and enforcement programs.
June 18, 2017
Barnea & Co. is happy to be a part of the Unistream annual event
As part of the event, Adv. Micky Barnea, was invited to participate as a judge in Unistream's Entrepreneur of the Year Competition. In the competition teens will present their startup companies to leading high- tech experts.
June 11, 2017
Barnea & Co. is hosting Swiss Corporate Delegation
Barnea Co., together with Startau, Tel Aviv University's Entrepreneurship Center, are hosting a Swiss corporate delegation, who are visiting Israel for the first time and looking to connect to the Israeli innovation ecosystem.
June 6, 2017
Barnea & Co., together with the ACC, are Hosting an Event on Privacy
Barnea Co., together with the Association of Corporate Counsel (ACC), are hosting today an event on privacy. During the event, Dr. Dotan Baruch will speak on the new EU regulations on the protection of privacy and information; Dr. Zvi Gabbay will address the right to financial privacy in Israel; Adv. Ronen Reingold will focus on the recently published regulation of organizations’ database security. In view of the demand, we will hold another event on June 11th.
June 4, 2017
Micky Barnea to lecture about Artificial Intelligence at Google Campus
Micky Barnea will lecture today to entrepreneurs working in the sphere of Artificial Intelligence (AI). Micky will focus on the potential legal implications of AI technologies and the challenges of entrepreneurs in that field. The lecture will be held at Google Campus.
May 22, 2017
Networking Event with a Business Delegation from Montana
Barnea Co. in cooperation with the Israel-America Chamber of Commerce is hosting a business delegation from Montana for a networking event with companies planning to expand overseas.
May 11, 2017
TLV Startup Challenge
Micky Barnea, the Managing Partner at Barnea Co., judged in the TLV Startup Challenge competition final, held at the Startau Innovation Conference. The start-up "Hargol Foodtech", which specializes in the cultivation of grasshoppers for the food industry, won first place in the competition.
May 7, 2017
Tel Aviv University Innovation Conference
For the second year, Barnea Co. is taking part in the Tel Aviv University Innovation Conference. In the framework of the conference, Micky Barnea, will lecture on the subject of the legal challenges entailed in late staged startups and will judge in the competition final with other mentors from Shazam, Prezi, Capsula, Strauss Group and IAI.Adv. Dr. Dotan Baruch, Yuval Lazi and Ariella Dreyfuss, will judge in the start-up competition in the Fintech, Gaming and IoT sectors. Yuval Lazi will also participate in a panel discussion on funding a start-up, together with a representative of the Office of the Chief Scientist, Tau Ventures' CEO and the CEO of "Cockpit", El-Al's start-up support program.
April 30, 2017
Ten Golden Tips for Distribution Agreements
Distributors, agents, resellers and OEM partners all share the same commercial function of selling goods to end users. Thus, although there are significant differences between the legal statuses of each of these players, this article below treats all of them collectively as "distributors". Appointing a distributor involves significant inherent risks. The drafting of the distribution agreement may help in mitigating these risks and realizing the potential benefit of your relationship. While formulating distribution agreements you should pay special attention to the following key issues: Choose an Effective Distributor:Choosing the right entity as the distributor of your products or services is the most important point. You may appoint a distributor you happened to come across, or that appears impressive. However, you have to remember that you made the appointment so that your products will be distributed and sold. The concern is that the distributor will not act upon the appointment, and the agreement that you signed will remain “on the shelf". These situations get complicated when the distributor is granted with long term exclusivity over a territory. In such event, the concern is not only that the distributor will do nothing, but that you will not be able to appoint other, better, distributor for the same territory. Specify the Distributed Products: a distributor may be excellent for the distribution a certain product, but unsuitable to distribute other products. Therefore, it is advisable that you define the subject matter of the agreement carefully and provide an explicit reference to issues such as upgraded or updated products. For example, when you designate certain software as the products to be sold under the agreement, one could consider newer versions of the software as being covered by the exclusive rights of the distributor and another may consider them as being beyond the scope of the exclusivity (and there is no doubt as to who is the one and who is the other). Consider the Territorial Coverage: the territorial scope of your distribution agreement is not just a question of geography. For example, if exclusive rights are given for distribution of a certain product in the East Coast of the USA, it should be made clear that such rights are not infringed if the same product may enter the territory through an OEM partner, embedded in another product. You should specify precisely all the possible channels through which the product may penetrate the market and thus protect yourself from future disputes with your distributor. Include the Distributor’s Commitments: suppose that you and your distributor have set sales targets or even established minimum purchase quantities, failing which you are entitled to terminate the exclusivity or the entire agreement. In the real world, you do not get to impose these sanctions so quickly. They are often subject to long grace periods, to further conditions or to both, so that basically, they give you no real guarantee. With that being said, it is very important that you perform a due diligence on your distributor and receive a detailed business plan. Such business plan should include, at least, commitments regarding marketing expenditure and details of the human resources to be assigned to the distribution. If you add to this a proper incentive for meeting sales targets, you will acquire some confidence that you have a suitable, capable and motivated distributor in place. Beware of Exclusivity: exclusivity can be unilateral, that is, the distributor is your sole distribution channel in the market, but he may sell competing products. Similarly, you may supply your product to others, but the distributor may not sell competitors’ products. In reality, these one-sided arrangements usually do not work so that it is more advisable to conclude bilateral arrangements. In this regard, it is important to note that in many countries, exclusivity arrangements are considered anti-competitive and thus, in some cases, unlawful. Thus, it is highly advisable that you consult with an anti-trust specialist lawyer to make sure that the arrangement that you are about to enter into is not illegal. Set the Term of the Agreement: flexibility regarding termination of the distribution agreement is crucial. Take for example a case where your company is facing an acquisition and the acquirer conditions the purchase on the termination of the distribution agreement. In such event your exit is dependent on your distributor's consent to release you from the agreement. This issue also arises where "change-of-control" provisions are included, whereby your distributor may terminate the agreement upon a change of control in your entity. Thus, if your buyer's proposal depends on the continuation of your relationship with the distributor, you are at his mercy. Therefore, set definitive and short initial periods that can be extended repeatedly by mutual consent. In this way, you may not be free to end the relationship whenever you want to, but you will always be able to do so within a specified period of time. Deal with the Post-Termination Period: questions of no less importance can arise in relation to the post-termination period. Among the things you must consider are return or buy-back of remaining products, non-competition and confidentiality undertakings, commissions for transactions that are close to being concluded, continued support for the supplied products and more. Opt for Home-court Governing Law: in some cases, well defined “choice of law” provisions may impact upon the probability of disputes between the parties leading to actual litigation. In many cases, when you have a local jurisdiction clause in your agreement with a foreign distributor, your distributor will be hesitant to initiate proceedings against you. Another way to avoid proceedings is to set an expensive arbitration arrangement as the sole and exclusive procedure for settlement of disputes. In this way, the party with the greater economic strength sometimes assures for himself a sound and peaceful relationship. Remember your Intellectual Property: when you appoint a distributor, you also grant a license to use your intellectual property for purposes of the distribution. You are basically giving him access to your most sensitive assets. He is authorized to use your domain name, your logo and your trademarks. If these issues are not specifically addressed in the agreement, this may lead to situations where your distributor takes possession of your intellectual property and actually blocks you from the territory. Limit Liability: in most jurisdictions, the liability for damages caused by the use of the products lies with the manufacturer. Some agreements attempt to shift this liability to the distributor, but when tested by the courts they will probably not hold. Therefore, the correct way to address the risk of liability is to formulate an effective indemnification mechanism that will limit the scope of your liability. Such mechanism should limit your liability both in terms of amount and time and be backed up by adequate insurance coverage. Originally published on the "ChannelSmart website”
April 6, 2017
Preparing for the Second Round of Startup Funding
Funding your startup company is an inexact science. The first round of funding helps get your company established, but often leads to a realization that you need more. After the first round, new issues and growing capital requirements emerge and you need to adjust course moving forward. To help you build your company successfully, you should know what the challenges are in each stage you are in, and to be prepared for them. Challenges Following the First Round The first round of investment allows you to bring on employees. Following the completion of the first round, your company has shares issued to the founders, to employees through an ESOP, and to the initial investors. The board of directors begins working together with the founders. This is the point where you begin to discover your ongoing needs and start facing mounting challenges. Money is running out, the available stock option pool is spent, some investors may lose interest and even certain funders may be looking to move on to other ventures or cash out on this one. To allow the company to face these challenges and continue and grow, another round of fundraising quickly becomes necessary. Plan and Execute the Second Round When starting down the road to the second financing round, you should have a better sense of what your company is, and should be. This is the opportunity to raise money based on what you have in place. You want to focus on raising the right amount rather than aiming for a specific valuation. When structuring the second round, you should focus on your current and future capitalization table. The allocation of the shares in your company may distinguish between active and departing founders, must ensure that current and future employees are sufficiently covered, should consider the cash waterfall upon an exit event so that the valuable team is incentivized, and secure the reasonable stake of current and incoming investors.   As part of the second round you should also prepare for a change in the control of your company. It is inevitable that the founders would lose the control of the board that would gravitate towards the investors. This means you should be very careful in selecting the right investors for the second round, as they will have the ability to impact the future of the company, and even have a major role in determining its future direction. The second round is where you grow from starting a company to building it. “Originally published on the IATI website”
April 5, 2017
Barnea & Co. represented Avgol in issuance of a New Series of Bonds
Barnea Co. represented Avgol Industries 1953 Ltd in connection with the issuance of a new series of bonds in the amount of NIS 197 Million. Avgol is one of the biggest manufacturers in the world of non-woven fabrics for the hygiene market. Its securities are traded in the leading indices on the Tel Aviv Stock Exchange.
April 4, 2017
Barnea & Co. Represented Viola Credit in the Acquisition of Negev Ceramic
Barnea Co. represented a group of investors, led by Viola Credit, in the acquisition of Negev Ceramics from creditor banks. Viola was represented by Adv. Michael Barnea, Adv. Inon Yogev and Adv. Ilan Blumenfeld, Partners at Barnea Co.
April 3, 2017
Barnea Event: Startups in Artificial Intelligence
Barnea Co., together with the patent firm, Ehrlich Fenster, will host today a seminar geared towards entrepreneurs who are launching an AI startup. Adv. Micky Barnea, will lecture on the legal and governance implications of AI.
March 29, 2017
Barnea & Co. Represented Viola Private Equity in an Investment in Similar Web
Barnea Co. represented Viola Private Equity in an investment of USD 50 million in Similar Web, a leading digital market intelligence platform that provides insights for websites and applications.
March 20, 2017
Barnea & The Service event: 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. Liat Keisary will participate in real estate panel.
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.
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. 
January 31, 2017
Barnea & Co. is hosting a 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 25, 2017
Barnea & Co. hosted a 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 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 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 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 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 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.
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 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.
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.
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.
July 17, 2016
Things You Need to Know About Fintech
Financial technology (“FinTech”) is a broad term that encompasses many kinds of technology across many industries. It includes hardware and software, apps and analytics, and solutions for companies of all sizes. Because FinTech plays a role in virtually every kind of company, it is worth taking the time to understand its position in the world economy. 1. Everyone Uses ItThe financial sector is the most obvious place one would look to understand FinTech's rise in prominence. Indeed, large banks and lenders in many ways lead the growth in demand for FinTech solutions, and have developed many of them. But if you look at the opposite side of the coin, every kind of company relies on financial applications. Companies in all industries look for better, more efficient ways to collect revenue and make payments. Much of this is now paperless, meaning that cloud technology, smartphone and tablet apps, and on-site hardware solutions matter to anyone whose business involves money. 2. The Regulatory ChallengeFinTech operates in heavily regulated areas, perhaps more than any other area of developing technology. As a result, when you bring products and solutions to the market, dealing with the regulatory challenges already in place across myriad disciplines is a must, rather than an option. You need to consider and resolve the legal challenges as you define the product, rather than waiting for a later stage of development — or worse, until you are taking the product to market.Further complicating this issue, as with any area of emerging technology, national and international regulatory agencies are struggling to keep up with financial services regulation. Although it seems that technological offerings level the playing field between large financial institutions and lean startups, most of the regulatory regimes tend to focus only on one-size category. Accordingly, the laws and rules that govern FinTech companies and innovators are necessarily in flux while companies emerge and grow. You need to plan to address issues that create moving targets in your development. 3. Israel's Increasing PositionAs is the case with many kinds of startups, Israel is developing quickly in FinTech. The country's focus on innovation and entrepreneurship has led naturally to growth in this vital sector. Further, because the world relies more every day on FinTech products and solutions, global demand for this kind of innovation shows no sign of abating anytime soon.Beyond the technological innovations required, because money is involved with the development and use of FinTech, any new product needs to offer solutions to cyber security threats that abound in the financial sector. Israel has long maintained a national interest in battling on the cyber security front. Its emergence as a leading producer of startups has included a surge into a leading position on security issues as well.Because it is so well positioned in these areas, Israel's highly trained technology workforce has grown into the FinTech industry. In the first quarter of 2016 alone, Israeli startups raised over $1 billion, with FinTech capturing a large portion of that windfall. Those numbers should only grow as companies and individuals develop more specialized understanding of the industry. With all the technological expertise available, Israel offers a natural place to develop FinTech companies and resources. To take advantage, you will need expertise in both the local and international legal aspects of building in FinTech. Barnea Co. can help you navigate the industry so you can grow quickly. Source: barlaw.co.il
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 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.
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 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 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.
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 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 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.
March 27, 2016
From a Start-Up Nation to a Cyber Security Nation: The Evolution of Israel as a Security Leader
Most people who think about leading global players in online security concerns think big: the United States, China, and Russia. Quietly, though, Israel has emerged as a world leader in this area. Known as “Start-up Nation” since the release of Dan Senor and Saul Singer’s 2009 book of the same title, Israel has created a culture of technological development and growth. It promotes learning and understanding in technology, both culturally and through its recruitment of top minds in service to the Israel Defense Forces (IDF), resulting in a country continually pushing the technological curve forward.   Service and Training Israel requires that all citizens over the age of 18 enlist in the IDF. The compulsory service requirement opens a large pool of candidates for high-level training. From this group, Israel’s 8200 intelligence unit has the opportunity to choose the best among them to train and serve in cyber intelligence. In turn, many of the best of these develop into the online security leaders for the government and private companies.   Invention From Necessity Israel’s focus on cyber security is no accident. Uniquely situated among nations often hostile to its interests, Israel must remain vigilant against the threat of attacks from military operations and computer operations. Its culture of innovation led to its myriad start-up successes, but the IDF focus comes from a nationwide focus on security, a focus that has led inexorably to the current mantle of the cyber security nation.   Growth Potential Several successful, high-profile intrusion events concerning various corporate and government networks clearly illustrate the burgeoning market for cyber security solutions. According to a recent January 2016 article on the leading Israeli business site, Globes, there were over 430 cyber security oriented enterprises, with 19 post IPO. The oldest Israeli cyber security company is Check Point Software Technologies (Nasdaq: CHKP), who (again according to Globes) has a market cap of over 15 billion.  Since 1993, Check Point Software Technologies Ltd. has expanded to the degree that they operate in hundreds of countries with technology partners such as IBM, Microsoft and others. Check Point is not the only cyber security company that has seen growth, as all the other companies, including Cyber Ark Software Inc. (Nasdaq:CYBR) have also experienced considerable growth. Israel’s national focus has led to a surge in online security development and expertise. The world continues to require more focus in these areas, and Israel is leading the way. Source: barlaw.co.il
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 20, 2016
How Can Share Options Help To Grow Your Start Up?
On March 17th Adv. Micky Barnea delivered a lecture for start-ups and entrepreneurs at the Azrieli College of Engineering, Jerusalem. The event was sponsored by Atobe Accelerator. The lecture dealt with the use of options as a tool to encourage employees and service providers of start-ups. Various issues were discussed, including the differences between shares and options and the differences in the expectations and perspectives of entrepreneurs, investors and employees of a start-up venture. During the lecture Micky explained the basic terms of options (vesting dates, exercise price etc.) and the benefits to the company of adopting a stock option plan. https://www.youtube.com/watch?v=c6vSY5NluhE&feature=youtu.be
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.
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 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 8, 2016
Funding your organization
"Funding your organization" - a lecture in Hebrew by Micky Barnea given to the program of the Executive U.S. Embassy Alumni. The lecture took place at the Tel Aviv-Yafo Municipality's Center for Young Adults, with the participation of William Grant, Deputy chief of Mission at the US Embassy. https://youtu.be/xosL4R7umnA
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 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 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.
December 14, 2015
Founders’ agreement – in a nutshell
A founders’ agreement is the first encounter between entrepreneurs who are embarking on a joint venture to establish a successful start-up company. A founders’ agreement reflects the relationship between the entrepreneurs inter se and between each of them and the joint venture. The importance of this agreement should not be underestimated. This comprehensive agreement, which is tailored to the nature, needs and aspirations of each of the entrepreneurs, and particularly those of the new venture, provides a strong foundation for a healthy and successful company. Frequently, the drafting of a founders’ agreement requires the parties to address topics that many founders fail to address, either due to a lack of experience, a desire to avoid friction, or simply because they are looking at the venture through rose-colored glasses. Meticulous, professional handling of these issues will provide creative solutions which, with the mutual agreement and commitment of the parties, will help navigate the venture along the optimal route to success. Barnea Co. provides, inter alia, valuable assistance to entrepreneurs and start-up ventures and works with them to draft a founders’ agreement that prepares fertile ground from which the venture can grow and prosper. Micky Barnea is an expert in advising start-up entrepreneurs – watch Micky lecturing on the important issue of Founders’ Agreements:
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.
October 25, 2015
New Securities Regulations – Reporting Negotiations and Delaying Reporting
As part of its endeavor to streamline public reporting and ease some of the regulatory burden imposed on publicly listed companies, the Israeli Securities Authority (ISA) this week introduced an amendment to the Securities Regulations governing periodic and immediate reports. The amendment deals with a number of issues, including reporting on agreement negotiations and the companies’ right to delay public reporting. The Previous Status Prior to the recent amendment, in certain instances, a TASE listed public company is required to publish an immediate report on agreement negotiations, even before the binding agreement is entered into. The company’s board may resolve to delay the publication of the immediate report, as long as the relevant information has not been made public, and provided that either - the publication of the report may jeopardize the completion of a transaction or action to which the company is party, or if there is concern that publication of the report will jeopardize the consummation of the transaction or have a significant adverse effect on its terms. Under the current regulations raise a number of difficulties. One is determining the particular point in time when the information becomes material, and therefore must be publicly reported, keeping in mind the desire to not undermine the chances of concluding the transaction. Similarly, determining when disclosure may have “significant adverse effect” on the conditions of the transaction is also difficult to implement. The Amendment One of the purposes of the recent amendment is to enable reporting companies to delay public reporting on any agreement negotiations. A company will be allowed to delay such report until it enters into an agreement, including a “preliminary agreement”. The amendment clarifies that a “preliminary agreement” may also be an oral agreement, provided it includes the key terms of the transaction. The new authority to delay reporting on any agreement negotiations is in addition to the previous right of companies to delay public reporting. For example, the amended regulations do not derogate from public companies’ right to delay reporting following the engagement in a “preliminary agreement”, in the event that there is concern that public disclosure may jeopardize the consummation of the transaction or have a significant adverse effect on its conditions. The amended regulations maintain the existing overriding rule, whereby reporting may only be delayed for as long as the information is not made public. Once the negotiations or the transaction are leaked to the public domain, the company is required to issue an immediate report.   Following the amendment, the regulations now also lists those circumstances where public companies are required to issue reports on material agreement negotiations preceeding certain voluntary securities transactions, including prior to the publication of a tender offer, the publication of a prospectus (excluding a shelf prospectus), or a merger proceeding. Though not addressed by the regulations, this recent amendment places further emphasis on the distinction between the point in time when a listed company issues an immediate report on a contemplated agreement, and the time when the same future agreement should be considered “insider information”. In other words, the knowledge of particular negotiations might constitute “insider information” even before the reporting obligation arises with respect to those negotiations. In this regard, as soon as a company chooses to delay a report, the information should be deemed “insider information,” and should preclude anyone in possession of that information from executing transactions with the company’s securities. In this regard, the explanatory notes to the recent amendment include the ISA’ position, whereby there are instances where negotiations do constitute “insider information”, but a reporting obligation in respect thereof does not yet apply. This position of the ISA is in line with the recent opinion of the Tel Aviv District Court, which considered an appeal on the decision of the Administrative Enforcement Committee with regard to the publication of a tender offer by Africa-Israel Industries Ltd. while in possession of non-public information on material negotiations
October 6, 2015
The new R & D Law in Israel
On July 29, 2015 the Knesset passed an Amendment to the Encouragement of RD 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.
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. 
August 17, 2015
New R&D Law – More Flexibility in Supporting Technological Innovation
On July 29, 2015 the Knesset passed the 7th Amendment to the Encouragement of Research and Development in the Industry Law. The purpose of the amendment is to allow the State of Israel to effectively and efficiently continue its support of the various companies which promote technological innovation and address the current challenges this industry faces in light of the importance of the high tech industry to the Israeli economy. The amendment establishes the National Authority for Technological Innovation (NATI), which is intended to replace the Office of the Chief Scientist (OCS). Prior to the amendment, the OCS is entrusted with the operation of the various state incentive programs pursuant to the Encouragement of Research and Development in the Industry Law 1984 (RD Law). In order to achieve the required flexibility, the NATI will be authorized to establish the various government incentive programs and to manage the incentives system pursuant to the RD Law.  NATI will be headed by the Chief Scientist, and will be entrusted with the establishment of various incentive programs. This would replace all the existing programs either pursuant to the RD Law, and those promulgated by the General Manager of the Ministry of Economy, such as the incubator programs.    Transfer of Know-howThe amendment cancels the existing provisions of the RD Law, and its regulations, regarding transfer of manufacturing outside of Israel and transfer of know-how outside of Israel. The NATI Council will be authorized to promulgate relevant provisions for each of the incentive programs.The existing provisions related to transfer of know-how outside of Israel will remain in force with respect to the current incentive programs and funding received thereunder for an interim period.Although the amendment emphasizes the need to retain know-how in Israel, this may lead to a more tailored approach to transfer of know-how requests with respect to existing incentive programs and address some of the difficulties encountered in cross border transactions. NATIThe Research Committees will remain the entity in charge of the granting of the incentives, the day to day administration and the decisions related to transfer of know-how and production.The NATI Council will be comprised of 8 members, including 3 representatives of the public. The inclusion of public representatives is intended to increase the dialog between NATI and the private sector and to ensure that NATI is responsive to market needs. However, the Council will not be able to approve any incentive programs without the presence of all the government representatives.NATI will be funded through the state budget and the royalty repayments due to the state treasury will be used to encourage technological innovation by NATI. In addition, in rare cases and if professionally justified, NATI may issue bonds for the purpose of funding certain incentive programs. The Amendment will enter into force on January 1, 2016 and all the incentives granted pursuant to the current RD Law will be deemed as granted by the NATI. NATI will also assume the Chief Scientist's obligations under any international research agreements.The Amendment holds a promise for more flexibility and new types of government incentives for innovative technologies. It remains to be seen whether the restructuring and the establishment of NATI will be executed as planned and whether the promise for transparent innovative governmental support will be fulfilled.
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.
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 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. 
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 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 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
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 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.  
March 24, 2015
Is it really required to publish an immediate report at the negotiation stage?
Recently, Judge Ruth Ronen of the Economic Department of the Tel-Aviv District Court handed down a ruling which related to an issue which is pertinent to virtually every publicly listed company.   When do negotiations reach a point of becoming material information, thereby constituting inside information? The background to this case was that Africa Israel Industries had published a tender offer in 2012 for the purchase of shares in Negev Ceramics, without publicly disclosing that negotiations were being conducted with Olympia, a Canadian company. The Administration Enforcement Committee (established under the Securities Law) had ruled that the publishing of the tender coupled with lack of disclosure constituted insider information. Judge Ronen presided over the appeal against this ruling.   Judge Ronen ruled that the negotiations had indeed reached the point of becoming material information. Her decision was based on the application of the materiality/magnitude test, which weights the probability of the event occurring against the anticipated impact of the event on the company. It is not difficult to see the logic in the assumption that the fact that negotiations are underway might be material information and that therefore, whoever executes transactions with securities while in possession of such information is considered as having made use of insider information. However, it appears that the ISA’s Administrative Enforcement Committee was prepared to go even further and expressed the opinion that the same materiality test for the purpose of ascertaining abuse of insider information should be used for the purpose of ascertaining the application of a reporting obligation. The Committee’s position may be interpreted as deciding that, when negotiations reach the point of becoming material, the Company must issue an appropriate immediate report. Judge Ronen decided that it was unwarranted to examine the correlation between abuse of insider information and a corporation’s general disclosure obligation, within the scope of the petition. However, the critical question remains: Should every public company assume that it is obliged to publish an immediate report every time it conducts negotiations and they reach the level of becoming “material”? Firstly, one must consider whether such a requirement is reasonable and feasible. One must keep in mind two salient points: There is never certainty that negotiations, whether or not material, will eventually lead to an agreement and; the very disclosure that negotiations are underway could thwart the transaction or adversely affect its conditions. Secondly, since negotiations are often a dynamic, lengthy process, it is unreasonable to expect public companies to repetitively perform analyses during the course of negotiations in order to ascertain whether, at any given stage, the correlation between the probability of a successful conclusion of the negotiations and the anticipated impact of the current draft of the agreement, has reached a level of “materiality” that dictates the publication of an immediate report. Even if the conclusion had been that it would be advisable and wise to oblige public companies to publish immediate reports about negotiations, considering the implications and possible repercussions, such an obligation should be clearly and unequivocally defined. For example, the Securities Law prescribes specific provisions regarding insider information. Furthermore, the Securities Regulations include express provisions regarding the imposition of reporting obligations, and require the reporting of any transaction for the purchase of a “material asset.” The Regulations enable the company’s board of directors to delay the reporting under particular circumstances, but do not allow a company to delay reporting in any instance of securities being offered pursuant to a prospectus. In other words, there are circumstances when information about material negotiations must be published: before the execution of a transaction with securities, before the publishing of a tender offer and before the publication of a prospectus, and in relation to purchases of material assets. However, one should not deduce from this that there is a sweeping obligation to publish an immediate report about negotiations, and certainly, it would be advisable to carefully analyze all relevant considerations, such as reasonability and the appropriate legal source before imposing such an obligation.
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. 
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 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.
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.
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 RD centers in Israel come from international technology companies operating in Israel. More than 67% of all employees in RD 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 RD, 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 RD centers in the hotbed of innovation and invention. These outstanding figures are irritating to some, as the growth in the RD 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 RD centers. Furthermore, having foreign RD centers and multinationals in Israel has proven to be a source for creating jobs, spawning new business and contributing to economic output.
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
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 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.
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 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 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."
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.
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." 
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.
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 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 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.
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. 
March 25, 2011
2011 Annual M&A Convention
Micky Barnea and Oren Speiser speak at the 2011 Annual MA Convention, presenting "from handshake to closing - 50 ways not to lose a transaction".
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