Insights & News

Barnea and Bird and Bird are hosting today a seminar on the protection of trade secrets from the Israeli and European perspectives. We will discuss the confidentiality and non-compete clauses in employment agreements.

Dr. Zvi Gabbay was interviewed by Bloomberg BNA regarding a new bill, according to which anyone who sells his apartment is entitled to open a special investment account that will benefit from deferring payment of tax on capital gains.

Our Head of the firm's Internet Department, was interviewed by Mamon, Yediot Ahronot's financial supplement, about the introduction of the new EU General Data Protection Regulation (GDPR).

Our firm is representing Yad Hanna in a long-term lease agreement of 30 dunams in its industrial zone for the construction of Diplomat's new logistics center. The construction is valued at NIS 230 million.

Dr. Zvi Gabbay is attending today the iFX Expo International Conference. Zvi will participate in the panel on regulation, discussing MIFID II, ESMA restrictions, and the blockchain and cryptocurrency revolution.

Adv. Harel Perlmutter, Head of the Tax Department, was interviewed by Bloomberg BNA on the decision of Amazon Web Services’ to start collecting and remitting value-added tax in Israel.

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, Omer Keydar, and Ron Shuhatovich.

We are hosting today, together with the Association of Corporate Counsel, a seminar on compliance and internal investigations. Dr. Zvi Gabbay will discuss new regulatory challenges, while managing directors from Duff & Phelps will discuss the changing compliance environment.

Yuval Lazi, a partner in our Corporate Department, will lecture today to the participants of the Tel Aviv University Student Union's Elite Entrepreneurship Program on shareholder agreements and startups' Cinderella stories.

Dr. Zvi Gabbay lectured today on economic enforcement at the IZUN - Jewish and Arab Influential Directors program, part of the NPO Jasmine. Jasmine promotes businesses owned by Jewish and Arab women.

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.

Barnea represented the US underwriter H.C. Wainwright Co., LLC in the public offering transaction issued by Check-Cap Ltd. via a prospectus on NASDAQ. Check-Cap Ltd. raised $20.2 million in gross proceeds, including in the exercise of an overallotment option, in shares and warrants. Check-Cap Ltd., an Israeli clinical-stage medical diagnostics company, is developing C-Scan®, a capsule-based system for preparation-free colorectal cancer screening.

Barnea represented ADM Capital, a UK-based investment fund, in an investment round in the Israeli plant-breeding startup Rootility.

Adv. Asaf Shalev was interviewed by Mamon, Yediot Ahronot's financial supplement, about the new privacy and information security regulation coming into force in Israel today. This regulation sets a new standard for the protection of personal information in databases.

Managing Partner Micky Barnea is speaking today at the IBM Alpha Zone Accelerator on the issues facing late-stage startup companies.

Our firm represented International Flavors & Fragrances Inc. (IFF) in its acquisition of Frutarom, the Israeli flavors and ingredients maker, for USD 7.1 billion.

Adv. Harel Perlmutter was interviewed by Bloomberg BNA, following the reveal of eBay Inc. that the Israel Tax Authority is demanding NIS 156.6 million in additional taxes from the company for the 2010-2015 tax years.

A group of Japanese investors are visiting our firm today to meet with startup companies.

Barnea is hosting today a group of Indian investors for a series of meetings with startup companies.

Our Head of the firm's Internet Department, was interviewed by TheMarker about the introduction of the new EU General Data Protection Regulation (GDPR) and the way it will influence Israeli companies. He commented that a company looking to issue stocks, be sold to a European company, or raise an investment will increase its chances and value if it complies with GDPR.