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June 5, 2014
Q&A with Micky Barnea - Globes
Micky Barnea was interviewed by Globes, an online newspaper, regarding the firms recent activity and achievements.
June 5, 2014
Barnea & Co. represented Polycad Plastic Products Shefayim
Barnea and Co.'s MA and Kibbutz Sector departments recently represented Polycad plastic products Shefayim (POLYCAD INDUSTRIES (1989) LTD ) during a transaction to sell its holdings to Bram Industries Ltd., a public company in the plastic industry. Polycad held about 30% of the shares, which it  acquired 3 years ago, and was a partner in the nucleus of control of the company, along with the Bramley family. The transaction involved the sale by Polycad of all its shares to corporations controlled by the Bramley family, for a total of NIS 20 million, ending its involvement with Bram industries.
June 1, 2014
The struggle of keeping the net neutrality
The unending struggle of keeping the net neutrality will determine how internet suppliers treat online content. In the meantime, Netflix is not satisfied . By Dr. Dotan Baruch. Ynet.
June 1, 2014
המאבק המתקיים בארצות הברית על נייטרליות הרשת
המאבק הבלתי נגמר המתקיים בימים אלו בארצות הברית על נייטרליות הרשת הוא בין הניסיון לאזן בין הזכות לתחרות הוגנת לבין מניעת עומס על התשתיות. ד"ר דותן ברוך סוקר את המאבק המתרחש בין המצדדים בעיקרון הנייטרליות ברשת לבין המתנגדים ליישומו ללא הגבלות כלשהן.
May 29, 2014
Channel 10 News Interview - Zohar Lande
Zohar Lande, Senior Partner and head of Litigation department, was interviewed by Channel 10 News re the Cadbury Anti-Trust litigation.
May 29, 2014
How the JOBS Act Changed the Rules of the IPO Game
In April, 2012, a new law came into effect in the United States that made significant changes to how small companies can raise money.  The Jumpstart Our Business Startups Act (better known by its nickname, the “JOBS Act”) was intended to ease the process for startups to seek investments, with a potentially dramatic effect. Now, two years after the JOBS Act became law, we can look back and see just what effect these changes have had on the process of taking startups through initial public offerings (IPOs), and how this affects Israeli startups. The JOBS Act deals with regulation of both private and public offerings.  While the private offering provisions provide for significant loosening of the regulatory process, important administrative rules still have not come into effect so it is still too early to assess the impact of these changes.  The IPO rules, however, took effect very quickly so we have two full years of post-JOBS Act IPO trends. The JOBS Act created a new category of companies, called Emerging Growth Companies (EGCs), that enjoy a lighter regulatory burden so that they will have an easier “on-ramp” to an IPO. The American idea of an “emerging” company is any company that has less than $1 billion in revenues per year. As a practical matter, all but the very largest Israeli companies qualify as EGCs. The special lighter IPO rules that apply to EGCs include: Confidential submission of early drafts of the prospectus to the SEC An opportunity to “test the waters” by holding meetings with sophisticated investors in order to gauge the interest of potential participants in the IPO Scaled financial disclosure, which allows companies to go public based on two years (rather than three) of audited financial results and two years (rather than five) of “selected financial data” Extended time to comply with the internal controls provisions of the Sarbanes-Oxley Act, allowing up to five years to come into full compliance (rather than two years) Confidential submission is a luxury that was available to non-US companies for many years.  Curiously, the old “silent filing” rules that applied to non-US companies were curtailed significantly only a few months before the JOBS Act came into effect.  The JOBS Act restored and even enhanced the confidentiality provisions, and extended them to all EGCs, whether US-based or not.  This allows a company to begin the process of obtaining comments from the SEC without publicizing competitive information too far in advance of the IPO.  Also, if the IPO process fails, whether for market conditions or other factors, a confidential filing can be abandoned quietly and without embarrassment. The “test the waters” provisions are completely new and are a significant liberalization of the rules.  Prior to JOBS, early contacts with potential investors were forbidden.  Now, by allowing an EGC to contact potential IPO investors very early in the process, a company can get a reality check to help it gauge the potential for success of the IPO. The scaled financial disclosure provisions and the extended compliance time for Sarbanes-Oxley controls can significantly decrease IPO accounting expenses and compliance costs in the first few years following an IPO. There are many factors that that have contributed to today’s very hot IPO market.  Certainly, favorable economic conditions, particularly in certain industries have played a role.  There can be no doubt, though, that the removal of hurdles in the post-JOBS Act “IPO on-ramp” have been a factor. Observers point, for example, to the successful US IPOs of “pre-revenue” companies like Energous, Flexion and Ampio. The ability to test the waters with sophisticated investors while maintaining confidentiality about the process allows these issuers to attain some confidence that they will be able to sell out their IPOs even though they have never seen a dollar of revenue.  Presumably, there are others whose names we do not – and may never – know, because their initial contacts with investors persuaded them that their IPOs would not succeed. Each year that the JOBS Act has been in effect has seen an increase in the percentage of US IPOs where the issuer was an EGC, and each year has seen an increase in the proportion of confidential submitters. The scaled financial disclosures have been adopted by a majority of EGCs, and the extended time to comply with Sarbanes-Oxley financial controls has been adopted in nearly all EGC IPOs. For Israeli startups, these changes should mean easier access to capital markets.  In the past, smaller Israeli companies have turned to secondary stock markets in Europe and Asia where the financial regulations are less demanding and the IPO process less cumbersome.  By moving closer to the reduced regulatory burden of these markets, the US has removed much of the friction in accessing America’s robust capital markets.
May 1, 2014
BDI 2014 ranks Barnea & Co. in 8 practice areas
Barnea was ranked in 8 practice areas in the 2014 edition of BDI, a leading Israeli legal directory. The firm is ranked 'Tier 1' in Mergers Acquisitions and in  International Commercial Law. The firm is ranked  'Tier 2' in Infrastructure and project finance and in High tech and  'Tier 3' in Litigation, Capital Markets, Real Estate and Tax.
April 30, 2014
The publisher Israel Mizrahi is suing his former partner
The publisher Israel Mizrahi  is suing his former partner Lior Sharf in an amount of about  NIS 11 million, claiming  that he has been misled through cover-up and concealment" Mizrachi, represented by  adv. Zohar Lande, Noa Havdala and Daphne Klein, from Barnea, claims that Mr. Sharf covered up and concealed financial information related to Agam Publishing, their former business partnership. 
April 10, 2014
Israel Legal Business 2014 Edition
Simon Jaffa, describes in this special edition, the economic structure of the Israel economy and the coming break-up of monopolies and oligopolies, which are widespread in Israel.
April 9, 2014
Barnea & Co. represented "IN SPI AIR"
The Tel Aviv District Court rejected yesterday (Tuesday) a claim of NIS 67 million that was filed by the Canadian businessman David Geller, against the LR Group and start-up "IN SPI AIR". IN SPI AIR  was represented by adv. Zohar Lande, adv. Noa Havdala and adv. Gal Lifshitz
April 8, 2014
To London IPO or not?
Israeli companies have rediscovered the AIM in London; in a conference titled, "Time for London IPO" held today, regarding the London Stock Exchange there were differing views concerning how beneficial the AIM is in reality. Micky Barnea, managing partner at Barnea, whose specialty is in London IPO's, claims that "unlike in Israel, in London it is the Board of Directors that has the last say as opposed to the shareholders as they do in Israel. Therefore the deriving power in the market is different and as such may not be suitable for companies with a single controlling shareholder, who would have less ability to intervene in decision-making and would lack influence over the structure of the Board of Directors." 
March 25, 2014
Zero VAT plan for new homebuyers
The Israeli Minister of Finance, Mr. Yair Lapid recently proposed that a couple with at least one child intending to buy their first apartment from a contractor will not be obliged to pay VAT. The head of real estate department at Barnea, Ariel Nadler, agrees that this proposal will allow young couples to buy an apartment, however, this step is not enough in order to change the current real estate situation in Israel.  Calcalist, 19.3.14.
March 13, 2014
"A different kind of class" activity
As a part of the firm's pro-bono activity, we participate in the project 'a different kind of class' and we have embraced a 6th grade in Rambam elementary school in Netanya.
March 9, 2014
Barnea & Co. litigation team filed a monetary claim for NIS 4.8 million
Adv. Zohar Lande, adv. Shai Sharvit and adv. Moran Bickel, filed a monetary claim for NIS 4.8 million with the Tel-Aviv District Court concerning the alleged fraudulent actions of a trustee relating to real estate investments in Thailand.
March 7, 2014
A global trend towards mediation: views from lawyers in 13 countries
Zohar Lande was quoted in an article by the Kingsley Napley law firm. The article records recent quotes of leading commercial litigators from around the world. The experts discuss the recent trends in their respective countries. Zohar Lande is the only commercial litigation lawyer from Israel to be approached for his comments.  
February 18, 2014
Defamation on Facebook and its legal consequences
Barnea's partner and head of internet department, Dr. Dotan Baruch, published an article (in Hebrew) in the Calcalist financial newspaper, regarding a recent Israeli court decision that compensated a plaintiff for defamation published against him on Facebook. Dr. Baruch criticizes the court's reasoning, that sought to place less importance and magnitude in respect of defamation published on Facebook, compared to defamation published via other avenues. Dr. Baruch argues, as outlined in the article, that defamation published on Facebook should be treated in the exact same manner in which any other published defamation is treated.
February 13, 2014
"If I testify against Strauss - Elite I'll burn myself"
Lenny Sackstein, the chairman at Carmit Candy Industries Ltd.  which is represented by Barnea, described in court yesterday the difficulties in bringing witnesses to testify against Elite – Strauss  Cadbury case. To read more, please click here
February 13, 2014
Dun & Bradstreet ranks Branea & Co. as one of Israel’s leading law firms
Dun Bradstreet ranked Barnea  as a leading law firm in 6 practice areas: International Commercial Law, Mergers Acquisitions, Project Finance Infrastructure, Commercial Litigation, High-Tech and Capital Markets.
February 10, 2014
Israel: Break up shake-up
Legislation intended to loosen the stranglehold of a few conglomerates on the economy is set to trigger a surge in sell-offs and overseas interest.
February 9, 2014
Mediation between Ori Yogev and Benny Tisch regarding “Whitewater Holdings” has failed
The Canadian businessman, Benny Tisch, has filed a claim against Ori Yogev, currently Director of the Government Companies Authority, in the amount of NIS 15 million.  Tisch claims that Yogev made false representations and acted fraudulently, causing Tisch to invest millions in Whitewater Holdings. Whitewater Holdings is in liquidation and creditors are owed NIS 19 million.
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