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December 27, 2016

2016 Overview of Israel's Third Sector Regulation and 2017 Trends

2016 was characterized mainly by the completion of a number of processes and initiatives promoted in recent years, mainly relating to tax issues and the recognition of non-profit organizations as public institutions entitled to tax benefits for donations received.

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December 26, 2016

Charges Against Generic Drug Companies for Price Fixing

We were interviewed by Globes following lawsuits filed in the United States accusing generic drug companies, including Teva Pharmaceutical Industries, of price fixing. We commented that Teva is exposed both to a criminal charges and civil proceedings, and may ultimately be required to reach a settlement in both matters.

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December 25, 2016

Barnea Hosts SEEDS Meeting

Barnea hosted a meeting of SEEDS, the entrepreneurial program of Appleseed’s Alumni Association which operates technology programs and life skills development in Israel's periphery. Adv. Yuval Lazi, a partner in the Technology Department, lectured on founders' agreements and the required toolbox for entrepreneurs.

December 25, 2016

New Financial Services Law Establishes Mandatory Licensing Requirement for Financial Service-Providers

The Law establishes a mandatory licensing requirement for financial service-providers – credit providers or providers of financial asset services. One of the main innovations in this Law is that Financial Services Providers will be subject, for the first time, to supervision by a new financial regulator.

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December 25, 2016

Barnea Hosts Launch of Air Force Innovation Community

On Thursday, December 22, we hosted a networking event for the Air Force Innovation Division in cooperation with starTAU, Tel Aviv University Entrepreneurship Center. The event was attended by representatives of the industry.

December 21, 2016

Foreign Corporations Also Have No Immunity – Organizing a Restrictive Arrangement is Liable to Lead to Criminal Sanctions

A restrictive arrangement organized between an Israeli corporation and a foreign corporation, which results in significant harm to the competition in the Israeli market, is subject to the Israeli Restrictive Trade Practices Law.

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December 19, 2016

The Fall of the Applications Empire

An article by Adv. Yuval Lazi on the current and future market place for applications was published by Globes Dun's 100. Yuval commented that Israeli startups developing application-based technologies or solutions have no real need to redefine their prospects and risks.

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December 18, 2016

First Conviction Pursuant to Israeli "FCPA" – Following the Footsteps of the US

On December 2016 for the first time in Israel, an Israeli company was convinced for bribing a foreign public official. This is especially interesting due to the fact that this is also the first time the general prosecution in Israel based an indictment on Section 291A of the Israeli Penal Law, that was enacted in 2008, in the course of Israel's efforts to join the OECD as a member country.

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December 18, 2016

Create Effective Website Terms and Conditions

Your website exists to help your clients and customers find and interact with you. You may include e-commerce capabilities, or you may primarily seek to inform people about your company and your products and services. Whatever your goals are, though, you must be on guard; people naturally seek to rely on what they see online. This can be a good thing, but you need to create parameters around what they can and cannot rely on your site to do.

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December 16, 2016

Knesset Finance Committee Passes Third Apartment Tax Bill

Adv. Maya Zisser, a partner in our Real Estate Department, was interviewed by Bizportal following the approval of the third apartment tax bill by the Kesset Finance Committee. Maya commented that we will not see a wave of sales of flats by owners of third apartments. Instead, owners will pass on the burden to tenants by way of increased rental prices.

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December 15, 2016

End of Year Employment Law Summary

Adv. Marie Tsion, the head of our Employment Department, was interviewed by TheMarker on the most important developments in labor law expected to impact 2017. Marie commented that an employee's right to privacy in the workplace was the focus of discussion for 2017 and will continue to be discussed in the coming year.

December 14, 2016

Five Winning Tactics to Scale Your Go-to-Market and Channels

Barnea is co-hosting with ChannelSmart and Syneron-Candela an event on December 22 on the best practices for go-to-market strategy and channel development. Adv. Micky Barnea, our managing partner, will highlight the important information to include in distribution agreements.

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December 13, 2016

Financial Catch of Mechir Lemishtaken Affordable Housing Program

Adv. Ariel Nadler, a partner and head of our Real Estate Department, was interviewed by Bizportal following the cancellation of Mechir Lemishtaken winners’ eligibility due to financing difficulties. Ariel explained that, when payments are secured by a bank guarantee, the payment schedule may allow buyers to pay 20% of the apartment’s purchase price upfront and the remaining 80% once the occupancy permit (Tofes 4) is issued. He recommends deferring as much of the purchase price as possible to the final payment.

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December 13, 2016

Restrictive Arrangement in an Agreement May Possibly Lead to Nullification of the Entire Agreement

District Court rules that an unlawful restrictive provision can lead to cancellation of a 40 years agreement.

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December 12, 2016

Roundtable on Employment of Arab Interns and Lawyers

Adv. Micky Barnea will participate in a roundtable discussion with other leading law firms on the employment of Arab interns and lawyers. The meeting was initiated by deans from universities' faculties of law.

December 12, 2016

Update on Binary Options - Regulation on Trading Rings

About a year and a half ago a new regulatory regime regulating trading rings entered into force, requiring the operators of trading rings to obtain a regulatory license as a pre-condition to operating them, and prohibiting the operation of a trading ring without such a license.

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December 11, 2016

“Wallet Companies” – Draft Tax Bill within the Scope of the Arrangements Law for 2017 - 2018

Recently, the Finance Committee concluded its deliberations regarding the imposition of tax legislation pertaining to “wallet companies” within the scope of the Arrangements Law for 2017 – 2018.

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December 8, 2016

Three Technological Predictions for the Next 5 Years

The world around us is changing. In labs and living rooms around the world, people are creating new technologies and finding new applications for existing and emerging technologies. The products and services available to everyone thus expand exponentially every year. In the next five years, then, you can expect massive growth in what we can do. Three areas in particular will provide important developments.

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December 6, 2016

Update on Employee Rights – Minimum Wage, Annual Paid Leave, Pension

Three updates to employee rights (Minimum Wage – Annual Paid Leave – Pension) came into effect on July 2016. The following is important news about the next update to employee rights, which is expected to come into effect on 1.1.2017.

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December 6, 2016

Expected Amendments to Tax Legislation in 2017

Adv. Harel Perlmutter, head of our Tax Department, interviewed by Ynet on the expected tax amendments going into effect in 2017.

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