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December 13, 2023
Document Subpoena from US Authorities: Critical Steps
When an individual or a corporation receives a document subpoena from the United States Department of Justice (DOJ), from a US regulatory authority like the Securities and Exchange Commission (SEC) or the Commodity Futures Trading Commission (CFTC), or from any other law enforcement agency in the US, it is very important to know what to do next to ensure the first response serves the client’s legal interests and best defense. More importantly, the initial response must not compromise or harm the best possible legal strategy down the road.
December 13, 2023
How to Gain a Tax Credit before the Year’s End
Hanna Daher, a partner in our firm’s Tax Department, was interviewed by Globes, along with a number of other tax experts, about end-of-the-year tax tips . Hanna noted the tax credits that individuals or business owners can obtain if they donated over NIS 200 this year to a public institution.
December 12, 2023
Swords of Iron War: Expansion of Employee Layoff Protection
The various restrictions being imposed on the population, including evacuations of many residents from northern and southern regions, the unique situation of the families of abductees, captives, and missing persons, and the massive mobilization of reservists, have led to an amendment to the Protection of Employees in Times of Emergency Law. This amendment expands the protection of employees from layoffs under exceptional circumstances.
December 12, 2023
EU Data Act Regulating the Use of Data from Smart Devices (IoT)
The EU Data Act will supervise companies that manufacture and supply smart devices (IoT devices) and companies that handle data collected by these devices, as well as enact a series of regulations designed to protect consumer privacy.
December 11, 2023
Barnea: Counsel in Israel’s Most Expensive Real Estate Transaction in October 2023
Alon Wolner and Shoval Mandel, provided legal representation in the purchase of a Tel Aviv penthouse for over ILS 22 million. This was the most expensive real estate transaction in Israel in the month of October.
December 7, 2023
Effect of Israel-Hamas War on Israeli Startups
In a recent interview with Calcalist, Itay Gura, a partner and the head of our firm’s startup practice, provided insight into how the Israel-Hamas war is affecting Israeli startups, and offered a nuanced perspective on the evolving tech landscape. Itay concluded the interview by noting the potential pathways and opportunities emerging for Israeli startups amidst the challenges posed by the ongoing conflict.
December 6, 2023
Proportionality in Armed Conflict: How to Assess, and Who Decides
Prof. Amichai Cohen published an op-ed in Law.com on the ongoing war between Israel and Hamas. This conflict raises important legal questions about the application of the law of armed conflict.
December 5, 2023
Dr. Zvi Gabbay Recognized as Leading Blockchain Lawyer
Zvi is among an exclusive list of lawyers nominated for the Lexology 2024 Client Choice Awards. Zvi is the only Israeli lawyer recognized in the Blockchain field.
December 5, 2023
Gal Rozent Ranked as Leading Competition Lawyer
Who’s Who Legal has ranked Gal Rozent in its exclusive list of leading lawyers in Israel in the Competition Antitrust field for the year 2024.
December 5, 2023
Operation Swords of Iron: Contending with a Cyberattack
Israel’s government has drafted new regulations in the wake of Operation Swords of Iron, due to the increase in the scope and quality of cyberattacks against civilian entities.
December 5, 2023
Barnea: Webinar on Employment during the Israel-Hamas War
We hosted a webinar in collaboration with the Israeli Association of Publicly Traded Companies. During the webinar, Lior Girshevitz, from our Employment Department, lectured on the Law for Protection of Workers in Times of Emergency.
December 5, 2023
Advising Summa Technologies on Obtaining Financial Services License
We guided Summa Technologies, which operates in the field of open banking, in obtaining a financial information services license from the Israel Securities Authority. Summa is the seventh company in Israel to receive this license. Anat Even-Chen, Elad Reshtick, and Ori Rodriguez represented the client in this matter.
December 4, 2023
Stock Market Investors Knew of Hamas’s Attack in Advance and Profited – Interview with Dr. Zvi Gabbay
Mako interviewed Dr. Zvi Gabbay, the head of our firm’s Capital Markets Department, after a US study revealed an unusual volume of transactions on the New York and Tel Aviv stock exchanges gambling on the collapse of the Israeli stock market a week before Hamas’s October 7th attack.
December 4, 2023
Making Aliyah or Returning to Israel – Maariv Interview with Liat Keisary and Amos E. Rosenzweig
One of the ramifications of the Israel-Hamas war is the growing interest of diaspora Jews and expat Israelis in immigrating to Israel.
In Maariv’s article on the topic, Liat Keisary explains that most new immigrants are coming from countries such as the United States, England, and Australia, driving an increase in demand for the purchase of real estate properties in Israel. In addition, Amos E. Rosenzweig answers questions on the rights of returning residents and new immigrants to Israel.
December 3, 2023
Rights of New Immigrants (Olim Hadashim) and Returning Israeli Residents
A large number of expat Israelis and diaspora Jews are considering returning or making Aliyah to Israel in the wake of the Israel-Hamas war. These two groups are entitled to a basket of absorption and social security benefits from the Ministry of Immigrant Absorption, the National Insurance Institute, the Israel Tax Authority, and other authorities. It is important for would-be immigrants to be aware of these benefits and to include them in their considerations.
November 29, 2023
Israeli Court Criticizes the Israel Police over its Use of AI Tools
A man who entered Israel with drugs in his possession sought to expose the Israel Police’s use of AI tools that resulted in his inclusion in a list of suspected drug couriers. The court’s criticism of the police’s tactics clarifies that even if the AI system leads to correct identification or to accurate decisions, its mechanisms must be transparent, explainable and auditable.
November 23, 2023
Barnea: Webinar on Taxes and National Insurance
Our firm hosted a webinar in collaboration with the Israel Hedge Funds Association on the social security aspects of Operation Swords of Iron. As part of the webinar, Amos E. Rosenzweig discussed the financial grants designated for reservists, hostages’ families, and employees placed on unpaid leave. He also answered questions about the issues facing employers at this time.
November 23, 2023
Barnea: Webinar on the Work of Compliance Officers during Wartime
Our firm hosted a webinar in collaboration with the Association of Corporate Counsel in Israel on the issue of compliance during wartime. As part of the webinar, Dr. Zvi Gabbay, head of our firm’s Capital Markets Department, emphasized the compliance actions required during wartime by offering comparisons to other recent global war zones.
November 20, 2023
Swords of Iron: Compensation Outline for Businesses Law
After lengthy discussions, the Knesset approved a wartime compensation outline for businesses. The outline offers compensation of up to a maximum of ILS 1.2 million to businesses with annual turnovers ranging between ILS 12,000 and ILS 400 million.
November 19, 2023
Israeli Private Companies and Prospectus Obligations
For Israeli private companies aiming to secure investments, it is crucial to have a solid understanding of the obligations set forth by the Israeli Securities Law. Chief among these is the prohibition on conducting public offerings of securities without a proper prospectus, which, if violated, could lead to legal scrutiny.