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February 12, 2017
Barnea Represents Accelerator Frankfurt's Spring Program
The Accelerator connects startups with financial institutions. Barnea will provide legal services in Israel to startups participating in the program in Frankfurt. On February 12, we will host an introductory event at the Barclays Techstars Accelerator, where the Accelerator will present the program’s structure and objectives, and Adv. Micky Barnea will discuss the challenges facing startups expanding abroad.
February 12, 2017
Shufersal Sets Sights on Drug Store Chain New-Pharm
Adv. Ilan Blumenfeld was interviewed by TheMarker following an announcement by Shufersal, Israel’s largest supermarket chain, that it was exploring a potential acquisition of local drugstore chain New-Pharm. Ilan noted that any acquisition would require approval from the Antitrust Authority, which would assess the merged entity’s market power.
February 8, 2017
Head of Deutsche Bank Israel Detained on Suspicion of VAT Offenses
Adv. Harel Perlmutter, head of our Tax Department, was interviewed by Tax Analysts following the arrest of the chief executive of Deutsche Bank’s Israeli operations on suspicion of violating VAT law. The Israel Tax Authority alleges that customers whose transactions Deutsche Bank reported as zero-rated on the grounds that they were conducted on behalf of foreign residents were, in fact, Israeli residents. Harel noted that determining whether someone qualifies as a foreign resident for tax purposes can be difficult.
February 7, 2017
CEO of Kitov Pharmaceuticals Investigated by Israel Security Authority for Fraud and False Reporting
Adv. Zohar Lande and Adv. Moran Bickel of our Litigation Department represented the CEO of Kitov Pharmaceuticals at a hearing before the Tel Aviv Magistrates’ Court concerning his release from detention subject to restrictive conditions.
February 6, 2017
Taxation Factors for Operations Over the Internet
The explosion of e-commerce in the last 15 years has made it easier than ever to manage the logistics of doing business in multiple countries. The global reach it creates, though, has spawned a litany of tax questions. You need to determine which jurisdictions have the authority to tax you and your business activity and what taxes apply. Your physical location and your end-customer locations can impact what you pay to whom, but other factors might also apply. Managing this process is critical to your continued e-commerce operations.
February 5, 2017
Considering Bitcoin an Asset Could Set Back Usage in Israel
Adv. Harel Perlmutter, head of the Tax Department, was interviewed by Bitcoin.com regarding the Israel Tax Authority’s (ITA) draft on digital currencies. Harel commented that the draft circular is a declaration of intent from the ITA and at this stage no draft legislation has been published.
February 5, 2017
Doing Business in Israel – Practical Law
Doing business in Israel? A QA guide to doing business in Israel written by Barnea was published by Practical Law. The guide provides an overview of the legal system, foreign investment, regulation, and other issues pertaining to Israel.
February 5, 2017
Eliezer Fishman Is Not Alone: Every Year 19 Thousand Israelis Declared Bankrupt
Our Litigation Department was interviewed by Maariv's "The Weekend" following Eliezer Fishman's declaration of bankruptcy. We noted there are ways to prevent the loss of all family assets, even in the event of bankruptcy, and to avoid involving the family assets with business assets.
February 2, 2017
Tamid IDC Pitch Event
Adv. Yuval Lazi participated as a judge at the Tamid Pitch Event. Tamid is part of the Interdisciplinary Center (IDC) Herzliya program that connects American students with the Israeli economic landscape.
February 2, 2017
AtoBe – Azrieli College of Engineering Startup Accelerator
Adv. Harel Perlmutter, head of the Tax Department, lectured today on the taxation of startups at the AtoBe – Azrieli College of Engineering Startup Accelerator.
February 1, 2017
Barnea Represents Roni Mana and His Real Estate Agency
Adv. Zohar Lande and Adv. Gal Livshits of Barnea’s Litigation Department are representing real estate agent Roni Mana and his agency in a lawsuit filed with the Tel Aviv District Court against Arena Star Group Ltd., controlled by Marcus Weber, and its CEO, Michael Fuchs. The lawsuit concerns unpaid brokerage fees totaling ILS 5.88 million.
January 31, 2017
Loans Guaranteed by the State for Social NPO’s (With No Personal Guarantee)
For the first time, social NPO’s can enjoy attractive, convenient loan terms guaranteed by the State for funding an investment or working capital in the NPO, and without providing a personal guarantee.
January 31, 2017
International Taxation – New Draft Bill Will Require Foreign Companies to Report and Pay Tax in Israel
The Israel Tax Authority (“ITA”) is promoting legislation that will require foreign companies not subject to the Israeli tax regime today to report and even pay tax in Israel.
January 31, 2017
Barnea Hosts Delegation from Germany
Barnea is hosting today a delegation from Germany visiting Israel for the first time to seek out investment and cooperation opportunities, mainly in the real estate and insurance tech fields.
January 30, 2017
Roundtable with VCs Investing in Cyber Security
Barnea is co-hosting with the Israel-America Chamber of Commerce and the BIRD Foundation a roundtable meeting with Kevin Stine, Chief of the Applied Cybersecurity Division at the National Institute of Standards and Technology, an agency of the US Department of Commerce. The roundtable will include senior managers of Israeli venture capital community and cybersecurity startups.
January 26, 2017
Panel Discussion on Administrative Enforcement in Echad Haa'm
We participated in a panel discussion on administrative enforcement published in Haaretz's "Echad Haa'm," the magazine of the Public Companies Association. The panel addressed the implications of administrative enforcement for the market, as well as its impact on corporate governance standards and company conduct (pp. 16-21).
January 25, 2017
Navigating Anti-Spam Legislation
Spam consists of unsolicited text messages, email messages, faxes or auto-dial calls that are sent for commercial purposes. Due to the ease and low cost in which e-mails can be sent, e-mails are the main focus of any discussion concerning spam. In Israel and around the world, preventing unsolicited e-mails has gained attention as creating serious privacy concerns – in connection with the sending of unsolicited e-mails as well as in connection with the manner in which the e-mail addresses are gathered for the purpose of sending the e-mails. In order to tackle these issues, laws against spam were enacted across the world.
January 25, 2017
Barnea Hosts Delegation from Singapore
Barnea hosted this week a delegation from Singapore invited to Israel by starTAU, Tel Aviv University Entrepreneurship Center. The delegation held a series of meetings with leaders from the technological and entrepreneurial environment in Israel.
January 25, 2017
Seminar on New Multiple Housing Taxation Law
Barnea will host a morning seminar on February 14 on the new Multiple Housing Taxation Law. Adv. Maya Zisser, a partner in our Real Estate Department, will discuss who is subject to the new tax, the applicable rates, payment methods, exemptions, and credits. Adv. Harel Perlmutter of our Tax Department will discuss opportunities to reduce tax on rental income.
January 25, 2017
US Federal Trade Commission Investigating Allergan’s Generics Business
We interviewed by Globes after the Federal Trade Commission launched an investigation into a company affiliated with Teva.