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November 24, 2016
IBM Alpha Zone Accelerator Fourth Class
Adv. Micky Barnea joined the IBM Alpha Zone Accelerator 4th Class as a mentor. The program focuses on post-seed and Round A-funded companies with the aim of creating a long-term technology and business partnership with IBM worldwide.
November 23, 2016
Less Remuneration, More Responsibility
The issue of officers’ responsibility in general, and of directors in particular, is one of the key issues addressed in companies and securities laws in Israel. The subject has been deliberated, analyzed and gradually expanded over the years and, without doubt, onerous and extensive responsibility is imposed on directors in the current legal environment.
November 22, 2016
Adv. Yuval Lazi Interviewed by "Talks about Entrepreneurship" Blog
Adv. Yuval Lazi, a firm partner, was interviewed by the "Talks about Entrepreneurship" on the granting of stock options to a startup's employees. Yuval discussed the possibility of an employee selling his options, the valuation of options, and how stock options are taxed.
November 16, 2016
Performing a Legal Due Diligence – Think before You Act
We have encountered numerous instances recently whereby investors were about to make an investment without performing a prior legal due diligence examination. There are various reasons put forward by investors for not performing a due diligence examination, such as: the contemplated investment is in a young company, insufficient budget, cost-benefit considerations, the volume of the investment, timetables, long-standing work relations between the investors and the corporation, and the like.
November 16, 2016
Barnea Represents D.G.I Media Ltd. in Administrative Enforcement Settlement with Israel Securities Authority
We represented D.G.I Media Ltd. in a precedent-setting administrative enforcement settlement with the Israel Securities Authority concerning forex trading.
November 10, 2016
Supreme Court Rejects Yaacov Peri’s Demand for Reduced Tax on Exercise of Options
This week, the Supreme Court rejected Yaakov Peri’s claim for a tax reduction on income from exercising options granted by the publicly traded company Lipman Electronic Engineering. Adv. Harel Perlmutter, Head of our Tax Department, told Globes that, during the period at issue, the corporate tax rate was 35%, while the capital gains tax rate for companies was 25%. Today, these rates are identical, so the distinction between the two types of tax no longer affects the applicable tax rate.
November 9, 2016
Barnea Represents iTrader
Barnea represents iTrader, an online forex trading company under investigation by the Israel Securities Authority (ISA). Adv. Zohar Lande and Adv. Moran Bickel of our Litigation Department told TheMarker that they hope the investigation will conclude soon. The investigation concerns the company’s activities during the period in which it was authorized to operate as a trading platform.
November 9, 2016
Voluntary Retirement Program
Following reports on voluntary retirement programs at Israel’s largest banks, the head of our Employment Department was interviewed by Globes. She explained that a successful program enables an employer to offer retirement to selected employees without disrupting the organization’s operations, which often depend on the knowledge and experience of long-serving staff.
November 8, 2016
Barnea Represents Hadad Brothers
Our firm represented Hadad Brothers in a claim brought by a service provider who operated an independent business. After 17 years of engagement, the provider sought recognition as an employee and claimed ILS 1.5 million in employment-related benefits. This week, following two and a half years of legal proceedings, the court dismissed the claim in its entirety.
November 7, 2016
Doing Business in Israel: a Nation Friendly to Business Investment
Companies, countries, and individuals who are interested in doing business abroad are looking more and more towards Israel. This has not occurred by accident. Israel has devised and implemented national policies to make it a world leader in technology and innovation. The result is a nation friendly to business investment. With the right business and legal guidance, investors are discovering tremendous potential in this small but sophisticated country.
November 2, 2016
Seminar for Students From IDC Legal Clinic for Startups
Today, Barnea is hosting a seminar for students from the IDC Legal Clinic for Startups, covering founders’ agreements, employment law, taxation, privacy policies, entrepreneurship and more. This collaboration is part of the firm’s pro bono activities.
November 1, 2016
Delegation of Community and Entrepreneurial Organizations from Barcelona and the Catalonia Region
Barnea hosted a delegation from Barcelona comprising representatives of 50 community and entrepreneurial organizations, along with mayors from Catalonia. The delegation was invited to Israel by starTAU, Tel Aviv University’s Entrepreneurship Center. The event was part of a series of meetings with leaders in Israel’s technology and entrepreneurship ecosystem.
October 30, 2016
Does Granting Foreign Companies Permits to Perform Construction Work in Israel Create Healthy Competition or Hurt Small Construction Companies?
Adv. Ariel Nadler, a partner and head of our Real Estate Department, told Ynet that opening the market to foreign companies is a positive step. He also addressed potential challenges for consumers dealing with foreign companies, expressing confidence that the Ministries of Finance and Construction would require adequate guarantees to address construction defects and ensure construction quality.
October 27, 2016
Five Chinese Companies and One Portuguese Company Granted Permits to Perform Construction Work in Israel
Adv. Ariel Nadler, a partner and head of our Real Estate Department, was interviewed by TheMarker about the decision by the Ministries of Finance and Construction to grant foreign companies permits to carry out construction work in Israel. Ariel noted that, with Israeli construction firms facing collapse, opening the market to foreign companies is a positive step.
October 26, 2016
Barnea Assists Heseg Innovators Program (HIP)
The new HIP Boost program builds on the HIP program, with which our firm was previously involved. Through HIP Boost, HIP graduates will receive comprehensive support to develop their early-stage startups into growing, sustainable businesses. Next week, leading mentors will share insights with participating entrepreneurs at a panel event. Adv. Yuval Lazi has been selected as the program’s legal advisor.
October 19, 2016
Legal Aid for Startups Targets Social Ventures
Barnea is pleased to co-operate with the IDC Legal Clinic for Startups in mentoring law students participating in the clinic and entrepreneurs from underprivileged communities engaged in social business ventures.
October 18, 2016
Cybersecurity: Protecting Your Investments
Your company faces potential threats every day from hackers and online criminals. Whether they are interested in stealing money, absconding with information, or just harassing and creating embarrassment for your organization, you need to be prepared to stop them. While you can gain a measure of protection by investing in antivirus and anti-malware software, your cybersecurity strategy needs to be built into your technological infrastructure. Investing now in a sound, broad-based approach to cybersecurity concerns can save you headaches, customers, and money.
October 14, 2016
David's Geller Claim Against Yitzchak Omer Dismissed
As previously reported, Geller filed a lawsuit alleging fraud involving nearly ILS 70 million. Although the District Court dismissed the principal fraud claim, it ordered Omer to pay Geller several million shekels, finding that the funds had been advanced as a loan. Both parties appealed to the Supreme Court, which dismissed Geller’s appeal in full, allowed Omer’s appeal and referred the case back to the District Court. This week, after nine years of litigation, the District Court dismissed the action in its entirety, accepting Omer’s argument that the funds had been transferred as part of a share purchase transaction. The Court ruled that, in these circumstances, Omer was required neither to repay the funds nor to transfer any shares.
October 13, 2016
Hackathon for Sustainable Urban Mobility
Adv. Asaf Shalev will serve as a mentor and participate at the Herzliya sustainable urban mobility Hackathon, which takes place on October 27 , in cooperation with the European Union.
October 13, 2016
Australian Stock Exchange to Israeli Tech Firms: Come List Down Under
We were interviewed by the Times of Israel about the growing interest of Israeli companies in listing on the Australian Stock Exchange (ASX). We noted that Australia is regarded as having a creative and sophisticated regulatory regime that strikes a good balance between investor protection and a pro-business approach that recognizes the risk of over-regulation.