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March 8, 2017
Survey of Legal Interns by Barnea and Codex Published in Globes
A comprehensive survey conducted by Codex, a leading HR company for lawyers in Israel, which was initiated by Barnea, was published in Globes. In the survey, future legal interns were questioned on how they feel in light of the flooding of the profession, how they choose where to intern and more. Adv. Micky Barnea, our managing partner, commented that the initiative came from the recognition that there is a change in the current generation of interns and the need to understand the impact on their internship.
March 8, 2017
The Right to Review Digital Database
Within the scope of a new directive published recently by the database registrar at the Israeli Law, Information and Technology Authority, entities, such as service-providers, that retain recordings of telephone conversations or chat correspondence with their customers will be forced to enable their customers (the subjects of the information) to also access information of this type. This according to the right of access prescribed in the Privacy Protection Law and the regulations instituted by virtue thereof.
March 8, 2017
Carve-out Plans for Company Employees
One of the common remuneration mechanisms in startups and technology companies is the granting of options to employees in addition to or, sometimes, in lieu of, the traditional remuneration component – the cash salary.
March 7, 2017
Analysis: Israel’s Binary Options Ban Disrespects Foreign Regulators
Anyone who followed the financial press in Israel In the recent months would have realized that the Israel Securities Authority is on the war path against the binary option industry in Israel, and has every intention of closing it down. According to the Chairman of the ISA, Prof. Shmuel Houser, binary options are very similar to gambling, and often may involve fraudulent business practices intended to deceive the unaware investing public.
March 7, 2017
ISA Proposes Prohibiting the Management and Operation of Binary Options Trading Platforms Outside Israel
An op-ed in Financial Magnates following a new proposed bill to prohibit the management and operation of binary options trading platforms outside of Israel, even if regulated elsewhere.
March 5, 2017
Nespresso Loses Suit Filed Against Espresso Club
The Tel Aviv District Court dismissed a lawsuit brought by Nespresso and global food company Nestlé against Israeli company Espresso Club. Nespresso alleged that Espresso Club’s advertisement featuring a George Clooney look-alike infringed its intellectual property rights and constituted unfair competition. The court rejected Nespresso’s claims and ordered it to pay Espresso Club ILS 110,070 in legal costs. Espresso Club was represented by Adv. Zohar Lande, Adv. Itay Hatam, and Adv. Gili Cohen-Arazi.
March 3, 2017
High Court of Justice: Gatekeeper of the New Multi-Apartment Act
Adv. Maya Zisser, a partner in our Real Estate Department, published an article in TheMarker following a High Court order requiring the State to explain why the new Multi-Apartment Act should not be struck down. Maya advised those affected by the law to refrain from taking steps to avoid its application, as those steps may be irreversible.
March 2, 2017
Antitrust Authority Continues its Trend of Stricter Punishment
The Israel Antitrust Authority (‘’IAA’’) has announced its intention to impose a financial sanction in the sum of NIS 25,640,000 on Bitan Wines, due to its violation of the terms of the merger between Bitan Wines and the Mega supermarket chain.
March 2, 2017
Judicial Oversight of Board Decisions – Beyond the Business Judgement Rule?
Adv. Zohar Lande and Adv. Gilli Cohen-Arazi published an article for Chambers and Partners examining recent trends in Israeli case law that may signal a shift in the courts’ approach to judicial intervention in corporate boards’ business decisions.
March 2, 2017
Globes Interview on Bribery Case Involving Israeli Businessmen
We were interviewed by Globes following the exposure of bribery cases involving Israeli businessmen. We noted that Israel's prohibition on bribing a foreign public official is relatively new, whereas similar legislation was enacted in the United States as early as 1977, and that the US has encouraged other countries to adopt corresponding laws.
February 27, 2017
Class action against Directors
The Tel Aviv District Court approved an action as a class action filed by the minority shareholders of Delek Energy Systems Ltd. against its controlling shareholder and officers of the company.
February 26, 2017
How Blockchain will Revolutionize a Paper World
In many ways, electronic communications dominate the world as we know it. We talk through email, text, and social media, to the point that the written letter is almost an anachronism. Still, some areas still thrive on paper. Real estate, for example, depends on paper deeds and documentation to confirm authenticity. Similarly, many corporations depend on paper records to demonstrate regulatory compliance. But blockchain is helping to change all of that. The technology that made Bitcoin work is expanding, in Israel and beyond, to help secure online processes and chains of custody in ways that can help shift paper-dominated fields into the 21st century.
February 26, 2017
E-Commerce – Law and Legal Authority
A partner in our Internet Department published an op-ed in TheMarker examining how e-commerce activities may be subject to multiple legal systems with differing, and sometimes conflicting, requirements, particularly in licensing and regulation.
February 23, 2017
Adv. Itay Gura Lectures at starTAU Entrepreneurship Course
Adv. Itay Gura will lecture today on the topic of founders' agreements at Ignition, the Entrepreneurship Course of starTAU, Tel Aviv University Entrepreneurship Center.
February 21, 2017
Innovation Cocktail Event Hosted with Israel-South Africa Chamber of Commerce
Barnea, together with the Israel-South Africa Chamber of Commerce, is hosting today a cocktail event to promote networking between South African businessmen living in Israel and Israeli businessmen.
February 21, 2017
Does the US Visa Boom Herald New Opportunities for Law Firms?
Adv. Marie Tsion, the head of our Employment Department, was interviewed by The Lawyer regarding the effect of the E-2 visa program on the legal market. Marie commented that the E-2 investor visas will allow US companies, entrepreneurs, and employees to start business activities in Israel more easily. This visa is likely to increase the number of US companies establishing activities in Israel.
February 16, 2017
Japan-Israel Relations: Advancing Technology
For many years now, Israels emergence and growth on the worlds economic stage has captured the attention of national and private investors all over the globe. It is only in recent years, though, that this has come to include Japan. In the past few years, more and more Japanese corporations have opened RD and sales centers in Israel, while business delegations are continually streaming into Israel. One of those companies which recently entered Israel is Fujitsu, the largest IT company in Japan and the fifth largest in the world.
February 15, 2017
Delegation of Israeli Ambassadors in Latin America
Barnea is today hosting a delegation of Israeli ambassadors who are stationed in Latin America, together with the Latin America division of the Israeli Ministry of Foreign Affairs, the Israel-Latin America Chamber of Commerce, and starTAU, the Entrepreneurship Center of Tel Aviv University.
February 14, 2017
Draft Guide to Cyber Threat Information Sharing
The Antitrust Authority published for public comments a new guidelines draft on the subject of information-sharing between competitors for the purpose of contending with cyber threats.
February 12, 2017
Foreign Companies are Immune to Private Antitrust Enforcement in Israel
Despite the growing sensitivity to violations of the competition laws and the uptrend in the imposition of stricter penalties by the authorities in respect thereof, business managers and consumers who have fallen victims to competition-law offenses in Israel hesitant in instituting civil proceedings against offenders.