Latest Updates

January 24, 2017

Draft Legislation Permitting Corporations to Obtain Loans Through Crowdfunding

Last week, the Israel Securities Authority published draft legislation for public comments that will permit corporations to obtain loans through crowdfunding with an exemption from the prospectus requirement.

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January 24, 2017

Israel Seeks Tax on Bitcoin, Virtual Currency Transactions

Adv. Harel Perlmutter, head of our Tax Department, was interview by Bloomberg on an Israel Tax Authority draft circular on the taxation of virtual currencies (bitcoins and the like). Harel commented that the draft imposes almost insurmountable restrictions on the use of virtual currencies in Israel, due to the liabilities and costs involved.

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January 22, 2017

Draft Circular on Taxation of Activities Using Virtual Currencies

The Israel Tax Authority published a draft circular on taxation of virtual currencies (bitcoins and the like). According to the Draft, the ITA’s position is that virtual currencies should be deemed “assets” and not as currency or foreign currency or even as financial instruments.

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January 19, 2017

Important Information about New Tax on Owners of Multiple Apartments

The new law prescribes that, as of January 1, 2017, every taxpayer must pay tax annually (January through December) for every residential apartment that he owns in excess of two apartments, at the sum defined pursuant to the provisions of the law. The taxpayer will be allowed to choose which of his apartments he deems to be his first two apartments, and which shall be taxable under this law.

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January 16, 2017

Israel Antitrust Authority Publishes Draft Statement regarding Vertical Price Arrangements – Resale Price Maintenance (RPM)

A few days ago, the Israeli Antitrust Authority published a draft statement presenting its position with regard to the circumstances under which a supplier will be able to dictate the resale price of its products to its distributor for the next link in the supply chain (Resale Price Maintenance arrangements – RPM), without such an arrangement being considered an illegal restrictive arrangement.

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January 15, 2017

Privacy and Data Protection Law

On January 17, Barnea and the ACC will co-host an event on privacy and data protection law in the workplace. We will discuss employee privacy under Israeli law.

January 15, 2017

Do NDAs Really Protect Startups?

Investors in startup companies need to learn as much about those companies as possible to make an informed decision. You do not want to go in blind before you put money into a startup a company. Still, the company in which you seek to invest needs to protect its confidential and proprietary information; otherwise, it stands to lose the benefit of introducing an innovative solution to the market.

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January 12, 2017

Center for Academic Studies in Or Yehuda: Young Entrepreneurs Skills Day

Adv. Ilan Blumenfeld gave a lecture on the legal aspects of entrepreneurship at the Young Entrepreneurs Skills Day hosted by the Center for Academic Studies in Or Yehuda.

January 12, 2017

Hosting South Carolina Business and Research Delegation

Barnea is hosting a business and research delegation from South Carolina today, comprising business leaders, researchers, business development professionals from hospitals and research institutions, and economic development officials. The delegation is visiting Israel to promote collaboration with Israeli companies in biomedicine, cybersecurity, and automotive technology. Adv. Micky Barnea, our managing partner, will give a lecture on the legal aspects of doing business in Israel.

January 10, 2017

Adv. Micky Barnea Interviewed by Globes

Micky Barnea, our managing partner, was interviewed by Globes about executive pay in the financial sector and regulatory concessions introduced by the Tel Aviv Stock Exchange and the Israel Securities Authority. Micky noted that these measures aim to encourage more companies to go public, but argued that more substantial regulatory exemptions are needed.

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January 8, 2017

Mentoring Startups and Entrepreneurs at Technological Incubator TechCode

Adv. Yuval Lazi, a partner in our Corporate Department, will provide business and legal mentoring to startups and entrepreneurs at China TechCode, an international network of startup incubators that helps companies enter the Chinese market.

January 4, 2017

Barnea Represents GBI Racing Before Knesset Reform Committee

Barnea is representing GBI Racing, a British company that provides betting services to Toto, the Israel Sports Betting Board. Adv. Zohar Lande participated in a meeting of the Knesset’s Reform Committee to discuss the proposed revocation of Toto’s permit under the Economic Arrangements Law.

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January 4, 2017

Globes Op-Ed: Restoration of Funds for Victims of Stock Manipulation

In an op-ed published in Globes, we discussed the restoration of funds for victims of stock manipulation, focusing on the question of whether the state is obligated to repay a portion of the fine directly to the victims through a distribution mechanism.

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January 4, 2017

8 Things that Happened in the Israeli Hi-Tech World in 2016

It has been an interesting 2016 in the Israeli Hi-Tech world, here is a rundown of 8 things that happened, in case you missed them.

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January 3, 2017

Micky Barnea Lectures MBA Students at Ben-Gurion University

Adv. Micky Barnea, our managing partner, will deliver a lecture today to MBA students taking the “From Idea to Startup” course in the Entrepreneurship and Innovation Department at Ben-Gurion University of the Negev. The lecture will cover key legal and intellectual property issues for entrepreneurs.

January 3, 2017

Local Planning and Building Committee Requirement of Deeds of Indemnity is Ruled Illegal

A Supreme Court judgment handed down in December by the Honorable Justice Yoram Danziger ruled that the demand by local planning and building committees that deeds of indemnity be signed is illegal (Bikel Flowers Ltd. vs. the Local Planning and Building Committee – Rishon Letsiyon).

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January 1, 2017

The Electricity Authority published the Guidelines for the next PV Plants’ Giant Projects in Israel

Further to the recent hearing held in October 2016 (see our clients update dated 01 December 2016), the Electricity Authority published on 19 December 2016, a decision detailing the main principles of the upcoming competitive process for the construction of Solar Power Plants in Israel, with a capacity of up to 1,000 MW.

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December 29, 2016

Innovations in the Israeli Partnerships Legislation

In order to improve the Israeli partnership market and in order to bridge the wide gap that exists between partnership laws in Israel and the partnership laws in other countries, in December 2016, the Ministry of Justice published a draft Memorandum of Law – Partnerships.

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December 28, 2016

Barnea Represents Belectric Israel in Negotiations for EPC and O&M Agreements for Ashalim PV

Our Infrastructure Department represented Belectric Israel, which was selected to construct and operate a new 30Mwp PV solar power plant in Ashalim. Belectric Israel is an affiliate of Belectric GmbH from Germany, engaging in the development and promotion of photovoltaic (PV) solar systems worldwide.

December 28, 2016

Annual Dun's 100-Globes Capital Markets Forum

We took part in the annual Dun's 100-Globes Capital Markets Forum, along with industry executives, the banking sector, leading investment houses, and insurance groups.

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