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June 16, 2023

Inbar Gorelick Lectures to “Female Entrepreneurs on Campus” at Tel Aviv University

Adv. Inbar Gorelick was invited to Tel Aviv University to lecture as part of the “Female Entrepreneurs on Campus” project Inbar discussed what to take into consideration when incorporating a company, the importance of founders agreement and intellectual property protection.

June 13, 2023

Unprecedented Sanction for Failing to Provide a Full Response to the Israel Competition Authority’s Demand for Data

This is not the first time the Israel Competition Authority has imposed sanctions on companies that fail to respond adequately to its demands for data. However, this is the highest sum ever imposed for such a violation and approaches the maximum the ICA’s Director General may impose in this regard.

June 12, 2023

Roy Engel Lectures on Hedge Funds, VCs, and PEs

As an expert in the funds area, Roy was invited to lecture to a course led by the Israel Financial Institute (IFI) for 50 managers of Altshuler Shaham. Roy discussed types of alternative investments and both the legal and the administrative/supervisory aspects of the structure of funds.

June 8, 2023

Simulated Contracts and Concealed Agreements

The Israeli Supreme Court’s ruling contains strict determinations regarding simulated contracts whose sole purpose is to defraud the tax authorities and the banking system. Inter alia, the Supreme Court addressed an ongoing judicial debate about the classification of simulated contracts.

June 5, 2023

When May an Employer Monitor Employees Working Remotely?

Employers that want to use technological surveillance measures to monitor and track employee performance remotely must be diligent about formulating a clear policy, informing employees, and using these means reasonably and proportionately.

June 5, 2023

Algorithm-Based Pricing – the Next Challenge in Competition Law?

The uptrend in the use of algorithm-based pricing tools is increasing competition concerns, especially wherever market concentration is high. Are competition laws equipped to deal with this situation?

June 5, 2023

The Guide to Avoiding Lawsuits Stemming from Sponsored Advertising

To avoid lawsuits, companies that decide to publish sponsored marketing content and collaborate with influencers should be aware of the limitations that apply to them, including Consumer Protection Law provisions. Anat Even-Chen provides practical tips in an article for Calcalist.

June 5, 2023

Startups: Judging Student Competition in Department of Information Systems at University of Haifa

As experts in the high-tech field, Itay Gura and Inbar Katzir were invited to act as judges in a startup project competition held by students of the University of Haifa’s Department of Information Systems.

June 5, 2023

Sagi Gross Lectures at Bar-Ilan University

Sagi Gross, a firm partner, was a guest lecturer in an environmental law course at Bar-Ilan University. He spoke about the environmental aspects of merger and acquisition transactions.

June 4, 2023

Foreign Direct Investments in Israel

It is surprising to realize Israel does not have a general regulatory binding framework for the approval of such transactions as they pertain to national security, like CFIUS in the United States , the recent UK National Security and Investment Act 2021, or similar bodies in developed countries. As a result, there are no broad cross-sector consolidated controls on foreign investments.

May 30, 2023

Doing Business in Israel: Insolvency Law

Foreign companies looking to engage with Israeli companies also need to consider that Israeli insolvency law mandates jurisdiction in Israel and creditor equality, regardless of country of incorporation.

May 29, 2023

SEC vs. Philips: Expansion of Foreign Corrupt Practices Act

The SEC is expanding the application of US Foreign Corrupt Practices Act provisions. It is commencing law enforcement proceedings against non-American companies operating outside the United States and against actions that merely raise concerns of acts of corruption. Companies with international operations must familiarize themselves with the FCPA’s provisions and prepare accordingly.

May 28, 2023

Israel: Regulating Payment Services and Payment Initiation

New provisions set out the licensing framework for the provision of payment services, designed to encourage new players to enter the Israeli market and offer payment services while providing broad protection to consumers. The law will apply to companies providing payment services, credit service providers, acquirers, and more.

May 28, 2023

European Union v. Facebook: EUR 1.2B Privacy Infringement Fine

An EUR 1.2 billion fine was imposed on Meta after the EDPB ruled the company was systematically transferring the personal data of millions of Facebook users from the European Union to servers in the United States in violation of the European GDPR.

May 24, 2023

Lecture: Positions and Interests in the Event of Insolvency

Adv. Idan Miller is lecturing to a small business finance risk assessment course. The course is for credit coordinators and business bankers at Israel Discount Bank. The course was organized by the BDO Academy of Finance and the Israeli Institute of Finance (IFI).

May 21, 2023

Barnea: Advising Migdal on a USD 100 Million Investment

Roy Engel, Yana Zilbershtein, and Yakov Vilenski advised Migdal on a USD 100 million investment in the real estate investment fund Exeter Industrial Value Fund EQT. More than 90% of the investors in the fund are American and international institutional entities, and Migdal is the only Israeli investor.

May 21, 2023

Cooperating May Credit Corporations with Leniency in Enforcement

Law enforcement authorities in the United States are adopting a policy of lenient law enforcement measures against corporations that cooperate during investigations, document their activities, and implement compliance programs. This policy also applies to Israeli companies operating in the United States.

May 18, 2023

Terry Almozlino Arnon Op-Ed: Supreme Court Rules to Invalidate Artificial Agreements

In a new ruling, the Supreme Court takes a step forward in declaring artificial agreements as invalid and illegal. (An artificial agreement is an agreement in which there is a discrepancy between the apparent agreements of the parties, as embodied in the contract, and their true will and intention.) Terry Almozlino Arnon, head of our firm’s Commercial Real Estate Department, sheds light on the subject in an op-ed for Globes.

May 17, 2023

Investment Advice and New Technologies: Amendment to Israeli Directive

In order to contend with the meager supply of investment advice or portfolio management services via technological interfaces, the Israel Securities Authority has published a proposed amendment to the directive focusing on two main services: trading signal services and social trading. Both of these services rely on digital media.

May 17, 2023

The Legal Risks of Using ChatGPT

The legal issues that follow the use of artificial intelligence-based processing solutions will continue to challenge in the years to come. Meanwhile, the main questions are related to intellectual property, privacy and reliability.