Barnea blog

SPAC: A Dream Worth Half a Billion Shekels

February 21, 2021 / by Zvi Gabbay , Hagit Ross

In recent months, the IPO market has reached a boil. It seems anyone with any kind of business is dreaming about joining the Israeli stock market. Lets look at the figures. From 2008 (the outbreak of the subprime crisis) through 2019, 76 new companies entered the Israeli stock market through an IPO process (an average of approximately 6.33 companies per year). In 2020 alone, 27 new companies entered the Israeli stock market, and in January 2021, seven new companies entered the Israeli stock market*.

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Categories: Capital Markets

Temporary Procedure for Insolvency Procedures in Israel in Light of COVID-19

February 11, 2021 / by Michael Dubin , Liron Dahan

The coronavirus pandemic has wreaked extensive economic havoc on the activities of many businesses and households in Israel. According to data from the Commissioner of Insolvency Proceedings, 2020 brought a rise of about 41% in the number of applications to commence insolvency proceedings compared to 2019.

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Categories: Litigation

Can You Really Find a Sample Founders’ Agreement on the Web?

January 28, 2021 / by Yuval Lazi

Sample founders’ agreements are available online for download by anyone. Though there are numerous accessible founders’ agreements, a document downloaded from the web is not one you should rely on when establishing your new venture.

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Categories: High Tech | Start- Ups

Collecting Employee Information? It’s Time to Wake Up

January 12, 2021 / by

Employers collect data about their employees. It starts with employees’ salary data, resumes, and work hours. It continues with fingerprints and images from security cameras, followed by employee meals and business trip information. Employers also collect medical information, personal messages on company phones, and location data of the company car for private trips. It goes on and on and on.

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Categories: Regulation

The Importance of Contracts in Israel

December 20, 2020 / by Barnea

Law has a major role in Israeli business. Israelis feel their freedom to act is determined by what is allowed under law, and this includes what has been agreed to in a binding agreement. Therefore, legal contracts form the basis of the Israel business environment. The existence or absence of a binding agreement are the first question Israelis would consider. If a legal agreement has been entered into, Israelis would feel obliged to respect it. If however, the discussions have not been concluded in an agreement, most Israelis would feel they are not yet obliged to proceed with the other party. This is a strong contributor to the creation of certainty when doing business in Israel.

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Categories: Corporate

A Do and Don’t Guide before Purchasing Rights in Agricultural Land in Israel

December 2, 2020 / by Hagit Ben Moshe

The Israeli public is offered a number of opportunities to acquire rights in agricultural land that may be rezoned to residential. Before purchasing such rights, there are a number of issues to examine in order to understand the land’s potential.

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Categories: Kibbutz Sector | Real Estate

Acquiring an Israeli Company – Becoming an Israeli Employer

November 18, 2020 / by Netta Bromberg

Israel has become an attractive destination for businesses, whether opening operations in Israel or acquiring existing operations. The Israeli market includes cutting-edge research and development and access to some of the leading talents in a range of industries. Many international entities have development centers in Israel (among the many are Intel, Microsoft, Google and SONY).

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Categories: Employment

ד”ר צבי גבאי -Lawyer in israel - Barnea Jaffa Lande.

COVID-19, From Crisis to Opportunity

November 2, 2020 / by Zvi Gabbay

Crises test our resilience. They prevent us from deceiving ourselves about things that are unpleasant to face. Therefore, the COVID-19 crisis is a real opportunity to upgrade an organization’s compliance mechanisms and the status of its compliance officer. This includes not only improving compliance capabilities, but also integrating and deepening connections to the organization’s management.

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Categories: Regulation

Decentralized Finance (DeFi) –The Future of Finance?

October 15, 2020 / by Andrey Yanai

What is DeFi? The first cryptocurrency, Bitcoin, is still the most well-known application of blockchain. However, this technology has since rapidly evolved and expanded in many other areas. The initial hope with Bitcoin was to make both money and payments decentralized and universally accessible. Although Bitcoin failed to live up to this promise, decentralized finance based on blockchain (“DeFi“), also called open finance, is a fledgling technology with potential. DeFi is operated by decentralized, permisionless (without any central authority) applications, called DApps, built on a blockchain network, most commonly Etherum. Visionaries see this as an open-source alternative to every financial service we use today: from savings, loans, and trades, to insurance and even more, all globally accessible.

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Categories: Blockchain | Capital Markets | High Tech

Japan, the Land of the Rising Sun, and Interest in Israeli Hi-Tech Companies

October 1, 2020 / by Tal Freilich Hai

2014 was a good year for the Israeli-Japanese economic relationship. Viber’s USD 900 million acquisition by Japanese giant Rakuten and the R&D cooperation agreement between Japan and Israel marked the beginning of growing interest and a successful relationship between the two distinct countries.

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Categories: Corporate | Litigation