Latest Updates

January 4, 2024

Israel Innovation: Incentives to Establish Angel Investor Clubs

The Israel Innovation Authority is granting support to new angel investor clubs as part of a series of measures to encourage entrepreneurship and the high-tech industry in Israel.

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January 4, 2024

Copyrights: The New York Times Sues OpenAI and Microsoft

The conflict between copyright protection for content creators and the development of AI platforms by companies is being litigated once again in court. Can appropriate regulation reconcile between the parties’ needs?

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January 3, 2024

Personal Liability for Debt to the Registrar of Companies

A district court in Israel has ruled to impose personal liability on a company’s CEO and director for the company’s accumulated debt to the Registrar of Companies in respect of annual fees, after the company ceased operating, because the CEO and director refrained from opening court proceedings to liquidate the company.

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January 3, 2024

Barnea: Representing Pomvom in Merger with Israel Acquisitions Corp

Israel Acquisitions Corp, initially founded as a SPAC, and Pomvom Ltd., a technology firm specializing in amusement park content, have formally announced a binding merger agreement. The combined entity is set to be traded on NASDAQ. We represented Pomvom Ltd.

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January 2, 2024

Barnea: Hosting Israeli Olympic Committee Members for Meeting of “Podium” Program

Our firm hosted members of the Israeli Olympic Committee as part of the prestigious national “Podium” program for sports coaches. The program is run by the Israeli Ministry for Sports and Culture and the Wingate Institute. Adv. Yuval Lazi, a partner and head of the firm’s International Corporate Department, talked to participants about challenges and opportunities in the medtech field.

January 2, 2024

Israel: Principles for Innovation and Responsible Use of AI

The document published by the Ministry of Innovation, Science and Technology, in conjunction with the Ministry of Justice, specifies the principles for developing and supervising AI technologies and their use by entities in Israel.

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January 2, 2024

Reserve Benefits for Serving in a “Kitat Konenut”

The circumstances of the Swords of Iron War have led to new emergency legislation in Israel encouraging residents to enlist in their towns’ local defense squads. Anyone called up under an Order 8 for active duty in a kitat konenut is entitled to a reserve benefit from Israel’s National Insurance Institute.

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January 1, 2024

Operation Swords of Iron: What Is Expected for Evacuated Communities from the Gaza Envelope and the North?

An expert in the kibbutz sector, Adv. Hagit Ben Moshe was asked to address the temporary and permanent solutions the government had offered to evacuated communities from Israel’s north and south, as well as to explain why some kibbutzim and moshavim oppose them.

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January 1, 2024

Israeli Business Executives Look Ahead to 2024 – Interview with Adv. Itay Gura

In an interview with The Jerusalem Post, Adv. Itay Gura, a partner and head of the firm’s startup practice, shares insights into how Israeli startup sector is responding to the current uncertainty.

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December 27, 2023

Surveillance Cameras in Workplaces and Employment Conditions

The Regional Labor Court in Tel Aviv has recognized an employee’s resignation as tantamount to dismissal under the law due to the employer’s use of surveillance cameras around the employee’s workstation in a manner inconsistent with the Privacy Protection Authority’s guidelines and the court’s position in such matters.

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December 27, 2023

Barnea: Representing Eshkolot in Lawsuit against Screen iL

After filing a lawsuit against Netflix, Eshkolot, the Company for the Performing Rights of Israeli Artists continues to fight companies that use protected performances for commercial purposes without obtaining the artists’ consent and without paying them royalties. Last week, with our counsel, Eshkolot filed another lawsuit on the same issue against Stream IL Communication Ltd and the American company Stream IL Inc., which operate the website Screen iL. Adv. Eyal Nachshon, Adv. Avinadav Preuss, and Adv. Naama Ben Arosh Moshe prepared the statement of claim.

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December 26, 2023

Institutional Activism – Interview with Adv. Micky Barnea and Adv. Zohar Lande

In the past year, there has been a growing trend of institutional investors seeking to influence the companies in which they hold shares. As experts in the field, Adv. Micky Barnea and Adv. Zohar Lande were interviewed by TheMarker about institutional investors’ increasing involvement in companies.

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December 25, 2023

The SEC’s Approach to Regulating the Crypto Market from a Legal Perspective

We were interviewed by Finance Magnates, where we strongly criticized the US Securities and Exchange Commission's current strategy toward the cryptocurrency market. This criticism comes in the wake of the SEC's aggressive legal actions against major players such as Coinbase, Kraken, and Binance.

To read Part 1 – The SEC Is Wrong and They're Already Paying for It

To read Part 2 – BlackRock's Venture into the Bitcoin ETF Realm>>

December 25, 2023

Barnea: Representing Aviv Group in Investment Transaction

Adv. Ilan Blumenfeld, Adv. Terry Almozlino Arnon, Adv. Alon Wolner, and Adv. Daniel Kleinman represented Aviv Group in a ILS 45 million investment by Menora Mivtachim in Aviv Group’s ILS 1.2 billion skyscraper project in Herzliya.

For more details, read the article in Ice

For more details, read the article in Calcalist

December 20, 2023

Israel Innovation Authority Funds Proof of Concept

The IIA’s funding tracks for proof of concept (PoC) give breathing room to fledgling entrepreneurs and ventures during their efforts to transform an idea into a product, even before outside investors are considered.

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December 18, 2023

Freedom of Expression in Workplaces during the Israel-Hamas War

An Israeli regional labor court overturned the dismissal of an employee who made statements against IDF soldiers, citing defects in the hearing held for the employee.

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December 13, 2023

Document Subpoena from US Authorities: Critical Steps

When an individual or a corporation receives a document subpoena from the United States Department of Justice (DOJ), from a US regulatory authority like the Securities and Exchange Commission (SEC) or the Commodity Futures Trading Commission (CFTC), or from any other law enforcement agency in the US, it is very important to know what to do next to ensure the first response serves the client’s legal interests and best defense. More importantly, the initial response must not compromise or harm the best possible legal strategy down the road.

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December 13, 2023

How to Gain a Tax Credit Before the Year’s End

Adv. Hanna Daher, a partner in our firm’s Tax Department, was interviewed by Globes, along with a number of other tax experts, about end-of-year tax tips. Hanna noted the tax credits that individuals or business owners can obtain if they donated over ILS 200 this year to a public institution.

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December 12, 2023

Swords of Iron War: Expansion of Employee Layoff Protection

The various restrictions being imposed on the population, including evacuations of many residents from northern and southern regions, the unique situation of the families of abductees, captives, and missing persons, and the massive mobilization of reservists, have led to an amendment to the Protection of Employees in Times of Emergency Law. This amendment expands the protection of employees from layoffs under exceptional circumstances.

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December 12, 2023

EU Data Act Regulating the Use of Data from Smart Devices (IoT)

The EU Data Act will supervise companies that manufacture and supply smart devices (IoT devices) and companies that handle data collected by these devices, as well as enact a series of regulations designed to protect consumer privacy.

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