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April 15, 2024

Majority Shareholders, CEOs, and Board Chairmen – Interview with Micky Barnea

With the Amir brothers’ entry to Shufersal, they appointed close associates to management positions as well as board directors on their behalf. This move has sparked debate about control and management in public companies and the blending of roles between CEO, board chairman, and majority shareholder. As an expert on corporate governance and shareholder struggles, Micky Barnea, our firm’s managing partner, was interviewed by TheMarker on the matter.

April 10, 2024

National Insurance: Amos Rosenzweig Interviewed by Bizportal about NII Deficit

Amos Rosenzweig, a former general counsel of the National Insurance Institute who leads our firm’s national insurance practice, was interviewed by Bizportal about the NII’s actuarial deficit. “2036 may look far away,” Amos noted, “but it’s sooner than it seems.”  

April 10, 2024

Barnea: Webinar on Regulation of Payment and Payment Initiation Services Law

Our firm hosted a webinar on the new payment services law. The webinar was held as part of a forum for financial service providers that we launched together with Adv. Orit Yosef. During the webinar, Dr. Zvi Gabbay and Anat Even-Chen discussed the conditions for obtaining a license, the relationship between payment services and open banking services, and more.

April 8, 2024

Terry Almozlino Arnon Interviewed by Relevant about Third Apartment Tax

Terry Almozlino Arnon, the head our firm’s Real Estate Department, was interviewed by new Israeli media channel Relevant about renewed plans for a third apartment tax. She noted, “Reducing purchase tax will stimulate the market. A serious boost of encouragement is needed, even for a short period.”

April 2, 2024

Barnea: Hosting IIRF Conference on Future of Stock Market Trading

We were pleased to host the Israel Investor Relations Forum’s conference on the future of stock market trading. A one-on-one conversation was held between Micah Stocks, a financial YouTuber who presents stock market news, and Rami Rozen, Director of Investor Relations at AppsFlyer and a member of the IIRF’s regulatory committee. Dr. Zvi Gabbay, the head of our firm’s Capital Markets Department, also spoke.

April 2, 2024

MiCA and Reverse Solicitation

Under MiCA, a critical aspect for non-EU crypto firms is the reverse solicitation exemption. This rule allows firms from outside the EU to offer crypto-asset services to EU clients without needing MiCA authorization.

April 1, 2024

Draft Bill: Increasing Transparency in Israeli Tax Law

The purpose of the draft bill is to increase transparency in the Israeli tax system in order to avoid a negative assessment of the State of Israel by the Global Forum for Transparency and Exchange of Information, as well as to increase efforts to combat unreported capital.

March 31, 2024

Representing One Peak in USD 100 Million Financing Round

Simon Jaffa, Yuval Lazi, Mayer Winkler, Tal Freilich, Nofar Rose David, and Dana Ben Yehuda from our firm's Corporate Department represented UK-based investment management firm One Peak Partners in its investment in Coro, an Israeli cybersecurity startup.

March 31, 2024

Pinui-Binui: Court Rules in Favor of Recalcitrant Tenants in Pinui-Binui Project

In an exceptional step, an Israeli court dismissed a claim filed by 243 residents against a couple in its 70s who refused to sign an agreement for a pinui-binui project. Part of the court’s rationale had to do with the couple’s age. Alon Wolner, a partner in our Real Estate Department, was interviewed by Globes about the case. Alon noted, “The court sided with the couple opposed to the project, even though they do not meet the law’s definition, and should not technically receive an elderly persons designation. The ruling thus provides an escape route, by allowing the couple to receive this designation, and enabling the project to proceed.”

March 27, 2024

Israel Freezes Convalescence Pay Rate

The purpose of reducing convalescence days and freezing the pay rate in 2024 is to budget benefits for reservists.

March 26, 2024

GDPR – Company Fined for Improper Data Collection

The French Data Protection Authority (CNIL) fined a corporation for violation of the GDPR due to flaws in its personal data collection and user consent practices, even though the data was collected by a third party.

March 26, 2024

International Inheritance Tax Planning: Harel Perlmutter Interview on “Disputes Program”

Harel Perlmutter, head of our firm’s Tax Department, was interviewed by Yigal Borochovsky and Rachel Shahar for 102FM’s “Disputes Program.” He explained the procedures and necessary reporting when receiving an inheritance from outside of Israel.

March 24, 2024

Supreme Court: Service to Foreign Residents May Be Subject to Full VAT

The Supreme Court noted that, by its nature, the essence of a brokerage transaction is joining two parties into one transaction. Therefore, treating the transaction as providing a service to each party separately—a foreign resident and an Israeli resident—does not reflect the true economic essence of the service.

March 21, 2024

Swords of Iron War: Flexible Workdays Wartime Relief

A recently signed general permit makes it easier for employees to make up for missed work hours due to constraints deriving from the absence of their spouses or the other parent of their children as a result of the state of emergency in Israel.

March 21, 2024

Fatphobia: Workplace Discrimination Lawsuits in Israel

The Israeli National Labor Court reversed the Regional Labor Court’s ruling and ruled that the demotion of a football referee to a lower league derived from irrelevant considerations of weight and appearance.

March 20, 2024

Israel Raises Minimum Wage

According to the update, which will take effect on April 1, 2024, the minimum wage for a full-time job will be ILS 5,880.02. The increase will also be reflected in the sums of social contributions to provident and severance pay funds, vacation pay, overtime pay, and sick pay.

March 19, 2024

Swords of Iron War: Extension Order on Reservists' Rights

The provisions of the collective bargaining agreement came into effect upon the promulgation of the extension order. These provisions include directives regarding employee dismissals, rights of spouses of reservists, and more.

March 19, 2024

New Method Threatening the Rule of Managers in the Stock Market

As an expert on control struggles, Micky Barnea was interviewed by Globes for an article on the Amir brothers' takeover of Shufersal. Micky explained the significance of holding less than 25 percent of a company and the tools available to the Israel Securities Authority in such transactions.

March 18, 2024

Changes in the Data Security and Cyber Market – Dr. Avishay Klein Interview with Globes

Dr. Avishay Klein, the head of our firm’s Privacy, Data Protection and Cyber Department, was interviewed by Globes and spoke about companies’ difficulties in managing cyber risks under the current circumstances.

March 18, 2024

Swords of Iron War: Payment of Wages to Absent Employees

An extension order applies the provisions of the collective bargaining agreement and regulates the payment of wages to employees who were unable to report to work due to the Swords of Iron War.