Insights & News

Barnea is hosting today another round of lectures for startups and entrepreneurs on the subject of data protection and privacy. Also to be discussed is the obligation of accessibility on the Internet. In addition, the seminar will feature a guest lecture from the Israeli Digital Organization.

Adv. Ariel Nadler, head of our firm's Real Estate Department, was interviewed by TheMarker's real estate magazine on the cancellation of the Multiple Housing Taxation Law by the Supreme Court. Ariel commented that regulators will now have to provide a solution to those people who already sold their apartments in order to enjoy the tax benefit that was guaranteed. He also noted that the cancellation will affect apartment owners considering to sell.

The issue of an NPO’s investments of unappropriated funds (funds that are not immediately needed within the scope of its activities or for the purpose of advancing its objectives, whether on a short-term or on a longer-term basis) is not regulated within the scope of the Non-Profit Organizations Law or the Income Tax Ordinance. Asaf Shalev contributed an article to Globes in regard to this matter. (In Hebrew)

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.

Barnea 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.

Dr. Zvi Gabbay, Head of the Capital Markets Department, is taking part today in a conference hosted by the Institute of Internal Auditors. He will discuss how internal investigations function as an essential tool in corporate governance.

Barnea is hosting today a seminar with the Israel Hedge Fund Association. Dr. Zvi Gabbay , Head of the Capital Markets Department, will discuss the regulatory challenges when establishing and managing a hedge fund. Also as part of the seminar, a partner from the Harneys law firm, with whom we work on a regular basis, will speak on establishing offshore hedge funds in the Cayman Islands and the British Virgin Islands.

Barnea is hosting today with the Tel Aviv Stock Exchange and the Israel Builders Association a seminar for real estate and infrastructure companies exploring a potential IPO. Dr. Zvi Gabbay, Head of the Capital Markets Department, will discuss IPO from the eyes of a regulator.

Dr. Zvi Gabbay, Head of the Capital Markets Department, was interviewed on the TV program London et Kirshenbaum about the investigation against Bezeq. He noted that the Israel Securities Authority invested considerable efforts in completing the investigation quickly because of the case's wide public implications. (Starting from min' 05:40)

Barnea is hosting today Bio Capital Impact Fund, an Australian fund with vast experience in the BioTech, MedTech, and AgriTech industries. The representatives of the fund came to Israel to explore the possible investment in startups operating in those fields.

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 Adv. Micky Barnea, 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.

Barnea is hosting together with TITANBrandWise a seminar today on marketing and distribution agreements. Adv. Ilan Blumenfeld of the Commercial Department will discuss the important aspects of such agreements and how to make them work for you.

HP Inc. completed its acquisition of Samsung Electronics Co., Ltd.’s printer business in a deal valued at $1.05 billion. HP Inc. was represented by Barnea

The Central District Court has rejected the application for a class action filed in 2015 against Espresso Club for misleading customers about the method of charging an acquired package of coffee capsules. In addition, the court ordered the plaintiff to pay all legal expenses. Espresso Club was represented by Advs. Zohar Lande and Itay Hatam of our firm's Litigation Department.

Barnea 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.

Our head of the firm's Employment Department, has been invited to take part in the Human Resources Conference of the North. She will lecture on the proper procedure for dismissing employees.

The Administrative Enforcement Committee rejected an administrative claim filed by the Israel Securities Authority against portfolio manager Ran Amitai for using inside information on a deal with the biotechnology company Compugen. Ran Amitai and Cramim Capital Markets were represented by Dr. Zvi Gabbay and Adv. Sapir Malul.

The Tel Aviv District Court accepted the request of over 50 members of the purchase group United Sarona, represented by Barnea's Head of Litigation, Adv. Zohar Lande, to prevent a vote at the meeting scheduled for today. In the motion that was presented, it was argued that in the process of convening the meeting there were material flaws, including a lack of information.

Adv. Harel Perlmutter, partner and head of Barnea's Tax Department, was interviewed by Bloomberg BNA, following the Bank of Israel's call on Israeli banks to redefine their strategies for overseas operations. Harel noted that the Supervisor of Banks at the Bank of Israel wants to keep the bank system strong even if it means cutting part of the banks' profits deriving from activity outside of Israel.

Adv. Yuval Lazi, a partner in our Technology Department, will lecture today at HIP – Heseg Innovators Program on the topic of investment agreements.