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May 16, 2017
The Israel Innovation Authority Issues New Directives regarding Royalty Payments and Know-How Transfers
The Israel Innovation Authority (IIA) announced last week that it issued new directives regarding royalty payments and know-how transfer. These are the first significant directives to be issued by the IIA since it was established in January 2016 and the activities of the Chief Scientist were transferred to it.
May 14, 2017
The Court Orders Controlling Shareholders to Stop Payment of Executive Remuneration
There have been cases where bonuses have been paid by a controlling shareholder of a public company out of his own pocket to officers as remuneration for their work in the company. This raises the question as to whether a controlling shareholder is allowed to personally guarantee additional remuneration to officers of the company that is inconsistent with the company’s remuneration policy.
May 11, 2017
Adv. Marie Tsion Participates in Human Resources Forum Half Year Event
Adv. Marie Tsion, head of the Employment Department, will participate today in the Human Resources Forum Half Year Event and discuss protection of employee privacy in the workplace.
May 11, 2017
Protecting Your Start-Up with Company Registration in Israel
Israel has long been acknowledged and admired for its vibrant start-up culture, fostered through government investment and pro-business policies. Further, the national focus on business development provides a regulatory structure that protects business owners from creditors and ensures proper structure for the public – incorporation. To take advantage of the corporate structure, you need to ensure that you follow the proper registration process, and select the right corporate vehicle to fit your emerging business model.
May 11, 2017
TLV Startup Challenge
Adv. Micky Barnea, the firm's managing partner, served as a judge in the TLV Startup Challenge competition final, held at the starTAU Innovation Conference. Hargol Foodtech, a startup that specializes in the cultivation of grasshoppers for the food industry, won first place in the competition.
May 10, 2017
The Regulator Has Entered the Casino
In response to the emerging trend of tightening regulation on online gambling companies, we were asked to participate in an interview with TheMarker. We commented that regulation in this area comes in two forms: one is market regulation and the imposition of licensing fees, gambling taxes, and corporate tax, and the second is banning online activity, imposing fines, and filing indictments.
May 7, 2017
VIP Cocktail Event for Entrepreneurs and Investors
As part of the Tel Aviv University Innovation Conference, Barnea is hosting a VIP cocktail for entrepreneurs and investors.
May 7, 2017
Tel Aviv University Innovation Conference
Barnea is participating in the Tel Aviv University Innovation Conference for the second year. Adv. Micky Barnea will deliver a lecture on the legal challenges facing late-stage startups and serve as a judge in the competition final alongside mentors from Shazam, Prezi, Capsula, Strauss Group, and IAI. Adv. Yuval Lazi and Adv. Ariella Dreyfuss will judge the startup competition in the fintech, gaming, and IoT categories. Yuval will also participate in a panel discussion on startup funding alongside a representative of the Office of the Chief Scientist, the CEO of TAU Ventures, and the CEO of Cockpit, El Al’s startup support program.
May 4, 2017
ASRR Capital Sells Holdings in Denisra-Ranitec Real Estate
Our firm represented the public real estate company ASRR in the ILS 6.5 million sale of its holdings in Denisra-Ranitec Real Estate.
May 3, 2017
Unistream's Investment Committee
As part of our cooperation with Unistream, our firm is taking part in a meeting of the association's investment committee, during which students present a business venture developed during the program. Our partners will participate as judges. Other participants include CEOs and industry executives, investment managers, and directors of venture capital funds.
April 30, 2017
Ten Golden Tips for Distribution Agreements
Distributors, agents, resellers and OEM partners all share the same commercial function of selling goods to end users. Thus, although there are significant differences between the legal statuses of each of these players, this article below treats all of them collectively as distributors.
Appointing a distributor involves significant inherent risks. The drafting of the distribution agreement may help in mitigating these risks and realizing the potential benefit of your relationship. While formulating distribution agreements you should pay special attention to the following key issues:
April 25, 2017
Adv. Yuval Lazi Lectures at starTAU Elite Entrepreneurship Course
Adv. Yuval Lazi, a partner in the Corporate Department, will lecture today on founders' agreements and capital raising at Elite Entrepreneurship, the Entrepreneurship Course of starTAU, Tel Aviv University Entrepreneurship Center.
April 20, 2017
Few Good Reasons Why You Should Consider Making Aliyah
What do the United States, the UK, France, Germany, Italy, Spain, Switzerland and the Netherlands all have in common? In these countries (and many others), estate tax is collected on large inheritances. These taxes are imposed not only on the money of the deceased, but also on their real-estate properties, shares, pension funds, and other assets.
April 19, 2017
SEC Charges Two Israeli Residents with Insider Trading
We published an op-ed on the US Securities and Exchange Commission's (SEC) decision to file a civil action in a federal court against two Israeli residents who traded in Mobileye stock and options before and after the announcement of its merger with Intel Corp. We noted that the SEC's case against the two Israelis, on suspicion of insider trading, is largely circumstantial.
April 10, 2017
New Amendment to the Sales Law - A Developer May Not Deposit a Value Added Tax (VAT) Guarantee
The Knesset passed a new amendment (Amendment 9) to the Sales Law (Apartments), whereby developers who build apartments for sale are permitted not to deposit sureties for the VAT component of the transaction, thus decreasing the sum deposited by them.
April 6, 2017
A New Amendment Eliminates the Need for Small Companies to Report Quarterly
An amendment to the Securities Regulations (Periodic and Immediate Reports) was promulgated in March 2017, whereby small reporting corporations shall be able to publish their financial statements on a bi-annual basis, provided that they have not issued bonds that are being held by the public. In this regard, a “small corporation” is defined in the said regulations.
April 6, 2017
Preparing for the Second Round of Startup Funding
Funding your startup company is an inexact science. The first round of funding helps get your company established, but often leads to a realization that you need more. After the first round, new issues and growing capital requirements emerge and you need to adjust course moving forward. To help you build your company successfully, you should know what the challenges are in each stage you are in, and to be prepared for them.
April 6, 2017
Barnea Lectures at Azrieli College of Engineering Startup Accelerator
Our firm lectured today on employment aspects for startups at the AtoBe – Azrieli College of Engineering Startup Accelerator.
April 5, 2017
Barnea Represents Avgol in Issuance of New Series of Bonds
Barnea represented Avgol Industries 1953 Ltd. in the issuance of a new bond series totaling ILS 197 million. Avgol is one of the world’s largest manufacturers of nonwoven fabrics for the hygiene market, and its securities are included in leading indices on the Tel Aviv Stock Exchange.
April 4, 2017
Barnea Represents Viola Credit in Acquisition of Negev Ceramic
Barnea represented a group of investors, led by Viola Credit, in the acquisition of Negev Ceramics from creditor banks. Viola was represented by Adv. Micky Barnea, Adv. Ilan Blumenfeld, and Adv. Sagi Gross.