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June 18, 2023
ICA Takes Broad Enforcement Measures against Food Suppliers
As part of a series of measures to combat the cost of living, the Israel Competition Authority’s Director General is taking broad law enforcement measures for the first time against major food suppliers for violations of the Food Law. Inter alia, the Food Law prohibits food suppliers and retailers from engaging in various commercial arrangements that could prevent small suppliers or retailers from competing.
June 16, 2023
Adv. Inbar Gorelick Lectures 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' agreements, 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
Adv. Roy Engel Lectures on Hedge Funds, VCs, and PEs
As an expert in the funds field, Adv. Roy Engel was invited to lecture in a course led by the Israel Financial Institute (IFI) for 50 Altshuler Shaham managers. Roy discussed different types of alternative investments, as well as the legal, administrative, and supervisory aspects of the fund structures.
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
Adv. Sagi Gross Lectures at Bar-Ilan University
Adv. 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 5, 2023
Startups: Judging Student Competition in Department of Information Systems at University of Haifa
As experts in the high-tech field, Adv. Itay Gura and Adv. Inbar Katzir were invited to act as judges in a startup project competition held by students at the University of Haifa’s Department of Information Systems.
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. We provide practical tips in an article for Calcalist.
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 in a small-business finance risk assessment course 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 USD 100 Million Investment
Adv. Roy Engel, Adv. Yana Zilbershtein, and Adv. 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. Migdal is the only Israeli investor.
May 18, 2023
Adv. Terry Almozlino Arnon Op-Ed: Supreme Court Rules to Invalidate Artificial Agreements
In a recent ruling, Israel's Supreme Court took a further step toward holding artificial agreements invalid and unlawful. An artificial agreement exists where there is a discrepancy between the parties' ostensible agreement, as reflected in the contract, and their true intentions. Adv. Terry Almozlino Arnon, head of our firm's Real Estate Department, examines the issue 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.