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August 1, 2024
Conditional Payment (Earn-Out)
An earn-out arrangement involves the seller agreeing to receive only a portion of the consideration at the transactions completion, with the remainder contingent upon the acquired company’s achievement of specified financial or operational milestones during a defined post-completion period.
July 31, 2024
Israel: Amendment to the Prevention of Sexual Harassment Law
Important amendment to the Prevention of Sexual Harassment Law in Israel protects employees of service contractors and obligates customers ordering services to address incidents of sexual harassment committed on their premises, even if the employees are employees of service contractors and not of manpower contractors.
July 30, 2024
Israel: Opening Access to Payment Systems and Allocation of Identification Codes to Payment Service Providers
The Bank of Israel’s Payment Systems Oversight Division recently published an access guide to supervised payment systems for Israeli and foreign applicants.
July 28, 2024
Israel: Increased Enforcement of Packaging Law
The uptrend in warning letters, enforcement proceedings, and motions to certify class actions against manufacturers and importers obligated to achieve defined recycling targets by virtue of the Processing of Packaging Law is likely to intensify, inter alia, because filing such motions does not involve paying a fee.
July 23, 2024
Israel: Significant Changes in Privacy Protection Law
The recent reform of the Privacy Protection Law aligns Israel's privacy regulations more closely with European standards.
July 21, 2024
Proprietary Trading and Global Regulation
A new trend that offers potential traders trading experience is challenging regulations and raising complex legal questions about the existence of a “trading platform” and the need for an investment advice or portfolio management license.
July 18, 2024
Will the US Regulator Approve the Google-Wiz Deal? Gal Rozent Interview with TheMarker
Gal Rozent, a competition law expert, was interviewed by TheMarker following news of Google's interest in acquiring the Israeli company Wiz. Gal explained current trends in the US and Europe and what competition authorities will request to examine to approve the deal.
July 18, 2024
Corporate Secretariat Course: Elad Reshtick Lectures at BDO Financial Academy
Elad Reshtick, a partner at our firm, guest lectured to a corporate secretariat course at BDO Financial Academy. Elad addressed officer and director compensation, insider information and transactions involving interested parties, financial reporting for managers, and preparing for public offerings. Elad has been invited to lecture to the course again in August, where he will focus on board of director matters and corporate governance.
July 18, 2024
The Israeli Approach to Anti-Dilution Rights
Investors that want to preserve their holding percentage in a company have two main options: an anti-dilution right or a pre-emptive right. Each has a different significance, but adding both to the investment agreement will fully protect an investor’s holdings.
The Israeli Approach to Anti-Dilution Rights
July 17, 2024
Israel: New Limitations on Transfers of Personal Data
Israel’s Privacy Protection Authority has published a draft opinion clarifying its interpretation regarding transfers of personal data from Israel to other countries. According to this interpretation, such transfers of personal data are generally permitted only if the receiving country ensures a level of data protection equivalent to that of Israel.
July 15, 2024
Dr. Zvi Gabbay Conducts Workshop for El Al Managers
Dr. Zvi Gabbay and Zvi Rabin led the workshop "Prohibition on Using Inside Information – Do's and Don'ts" for a group of El Al managers. The workshop was held as part of a compliance, enforcement, and cyber week for senior management at El Al.
July 14, 2024
Israel: Regulation of Payment Services Law Comes into Effect
When the law came into effect last month, the Knesset Economic Affairs Committee prescribed an important series of exemptions from licensing requirements and updated timetables for submitting license applications in particular instances.
July 14, 2024
Israeli Monopolists Barred from Granting Discriminatory Rebates
The Israeli court’s precedent-setting ruling in Aviad Concrete Industries v. Nesher Israel Cement Enterprises found that Nesher violated provisions of the Economic Competition Law when it gave its major customers significantly higher rebates than those it gave to its small customers, thereby harming competition.
July 11, 2024
Senior Business Management and Director Training Course: Elad Reshtick Lecture
Elad Reshtick, a partner at our firm, was invited to lecture at the Senior Business Management and Director Training Course of the Mafat Unit, responsible for the research and development of defense technologies and infrastructure. In his lecture, Elad covered important aspects of proper corporate governance, including director responsibilities, effective board management and its committees, providing participants with in-depth knowledge and practical tools.
July 11, 2024
AI, Data Privacy, and Technology for the Modern Legal Counsel
Our firm developed a unique four-part course for legal advisors and last night the final session was held at our offices. The course was held in collaboration with Microsoft, TrustIZ, and Taylor Wessing UK. It covered AI regulation, drafting and negotiating the privacy aspects of artificial intelligence agreements, and how to deal with data breach events.
July 10, 2024
Barnea: Participating in ACC Israel Annual Conference
Zohar Lande, the head of our firm's Litigation Department, participated today in the annual conference hosted by the Association of Corporate Counsel in Israel (ACC Israel). Zohar took part in a fascinating panel on crisis management in companies.
July 9, 2024
Barnea: Representing Aviad in Precedential Competition Lawsuit
Our firm represented Aviad Concrete and Clay Industries in a lawsuit against Nesher Israel Cement Enterprises that alleged Nesher abused its monopolistic position and harmed competition. The court's ruling set a precedent regarding the limits of the prohibition imposed on monopolies from discriminating between customers. Gal Rozent and Ran Karmi represented Aviad in the lawsuit.
July 8, 2024
Federal District Court Vacates Rule under HHS's HIPAA Tracking Technologies Guidance
Until now, the HHS guidance provided a very broad interpretation of what constituted "protected health information" (PHI). This interpretation severely restricted data analytics service providers' ability to cater to hospitals and for hospitals to manage their digital assets, in addition to exposing them to class action lawsuits. A federal court's ruling to vacate the guidance is expected to facilitate both service providers and hospitals.
July 4, 2024
Insolvency: Idan Miller Lectures to Israel Builders Association Course
Idan Miller, the head of our firm's insolvency practice, lectured to attendees of an Israel Builders Association financial management course. The focus of the lecture was how to handle and prepare for insolvency events.
July 3, 2024
Barnea: Representing Azrieli Group in Lease Transaction with NTA
Our firm represented Azrieli Group in a multimillion-shekel lease transaction with NTA – Metropolitan Mass Transit System Ltd. As part of the transaction, NTA will expand its office space at Azrieli Business Park Holon from 8,000 to 12,000 square meters. Alon Wolner and Hili Michaeli represented Azrieli in the transaction.