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May 4, 2020
Webinar on the Current Issues Facing Israeli Entrepreneurs
Netta Bromberg will participate on an expert panel as part of a webinar held by Fox Rothschild LLP on the challenges faced by Israeli entrepreneurs and businesspersons residing in Israel or living abroad.
May 3, 2020
Capital Markets in the Age of Coronavirus
An MA expert, Micky Barnea was interviewed by the leading newspaper Globes as part of an extensive analysis on the long list of major deals that are being canceled and the financial uncertainty in this period. The article highlights how huge corporations are able to afford what little companies and the self-employed can only dream of. According to Micky, "Starting in February, we noticed a phenomenon in which time has become elastic. Usually people strive to keep deals at a steady pace, and once the handshake is made, they want to move faster. Now, less people are hurrying to complete a deal. They are taking time to see what will happen next in the market.”
April 30, 2020
Startup Funding in the Coronavirus Era
Get up in the morning, go to work, sit in meetings, pick up the kids from school, go to the grocery store, work out at the gym, or just meet up with friends and family. Its hard to believe that until a few weeks ago this described a normal day for most people. Its clear today that no matter where we work, our age, and where we live, the reality of our lives, both personally and professionally, has changed immeasurably thanks to the new player in the market-the coronavirus.
April 28, 2020
Libra 2.0 – From Global Currency to a Payment Method on Facebook’s Platform
After Libra, Facebook’s ambitious global digital currency venture, faced fierce resistance from regulators around the world, Facebook has announced “Libra 2.0.” The venture is set to undergo far-reaching changes that, on the one hand, will likely do away with regulatory concerns, but, on the other, will force Facebook to give up its original vision, i.e. a quick and simple transfer of digital currencies between accepted users worldwide without the need for a bank account.
April 26, 2020
Tax Advice on USD 20 Million Investment in CyberMDX
Our tax team advised the strategic partner Sham (Relyens Group), Europe’s largest insurance and risk management provider for healthcare, on the tax aspects of its USD 20 million investment in CyberMDX, an Israeli healthcare cybersecurity provider that delivers visibility, threat prevention, and operational efficiency for medical devices, IoT, and clinical networks.
April 22, 2020
Pi-Cardia Ltd. Raises $27 Million in Financing Round Led by Our Client Sofinnova Partners
The Israel-based global leader in the development of non-implant catheter-based solutions for treating heart valve calcification has raised $27 million in funding. The investment round was led by our client, the European life sciences venture capital firm Sofinnova Partners, with the participation of Pi-Cardia chairman Prof. Jacques Séguin and previous investors. Advs. Micky Barnea and Ariella Dreyfuss represented the client.
April 20, 2020
Managing Labor Relations in Accordance with the New Israeli Guidelines 20.04.2020
On April 19, new guidelines were introduced allowing a gradual return to the workplace. Here are the key guidelines. According to the guidelines, it is permitted to employ in a workplace whose opening has not been banned 10 employees or up to 30% of employees, whichever is higher. However, it is possible to increase the number of employees in the workplace in the industries and services fields beyond the 30% cap, subject to each workplace complying with the "purple tag" rules.
April 19, 2020
Mobileye Insider Trading Investigation: Our Firm Represented Former Syneron VP in Settlement with SEC
On April 17, the United States Securities and Exchange Commission dropped its case against our client Amir Waldman.
Waldman, the former vice president of Israel-based medical device company Syneron Medical Ltd., was alleged to have made $4.3 million via insider trading on an autonomous driving system technology developer. He will pay the SEC nearly $2.2 million to end a civil enforcement lawsuit, a New York federal district judge announced Friday.
Zvi Gabbay commented on the decision as follows: "As in many cases, here too, a negotiation was being conducted at the same as we were preparing for trial, and it ultimately ended with an excellent result. This is a civil not a criminal case, and the arrangement, under which Amir does not admit or deny the facts, allows Amir to move on."
April 19, 2020
Habima Theater – the Show Must Go On?
Our Litigation Department is representing the board of directors and active management of Habima Theater in liquidation proceedings filed by the company's creditors and in legal proceedings directed by the company's temporary trustees.
April 14, 2020
Is Your Business Ready for the Day After COVID-19?
After the coronavirus crisis passes, numerous legal disputes are likely to arise, since many companies will fail to meet their contractual-business obligations. It is recommended for each company to prepare also for the legal disputes in which it can expect to find itself.
April 7, 2020
ISA and TASE Publish Reliefs for Public Companies and Reporting Corporations
In light of the global coronavirus crisis, the Israel Securities Authority (ISA) has published several steps toward easing the burden on public companies and reporting corporations whose securities are traded on the Tel Aviv Stock Exchange.
April 7, 2020
Pregnant Women May Now Be Put on Unpaid Leave without Labor Ministry Approval
New regulations were signed on April 6, 2020 that allow pregnant women, women and men undergoing infertility treatment, and women returning to work after maternity leave to be put on unpaid leave, under certain conditions, without the need for a permit from the Ministry of Labor.
April 6, 2020
Contractual Obligations during the Coronavirus Outbreak
The coronavirus outbreak has stricken us all. Alongside the invasion of personal space, the virus’ effects have not spared the business arena, and the ability of both businesses and individuals to meet their contractual obligations is also in question.
April 5, 2020
Israel Capital Markets Authority Adopts Zohar Lande’s Strategy to Rescue Corporate Market
Dr. Moshe Bareket, the Director General of the Israel Capital Markets Authority, has proposed postponing payments, by deferring or replacing debt in order to raise interest rates to bypass a debt settlement, as part of a rescue plan for the corporate market. His proposal is largely based on the method presented by Adv. Zohar Lande, the head of our Litigation Department, in an op-ed published earlier this week.
April 2, 2020
Israel: Extending Validity of Regulatory Approvals in Light of the Coronavirus Crisis
On March 25, 2020, emergency regulations were adopted in Israel that include, among other things, an extension of the validity of regulatory approvals that expire in the near future.
April 2, 2020
Israel Innovation Authority Updates for Companies and New Benefit Tracks
Due to the coronavirus pandemic, the Israel Innovation Authority (IIA) has issued a major easement for the companies it supports, in the manner in which payroll expenses for companies in the midst of carrying out approved plans will be recognized.
April 2, 2020
ISA Publishes Temporary Order on Clarification of Clients’ Needs
In response to the Corona pandemic, the ISA published on March 30, 2020, a temporary order for license holders in connection with the clarification of clients' needs.
April 2, 2020
Israel: Updates for Portfolio Managers and Investment Advisors and Marketers in Light of the Coronavirus Crisis
In light of the coronavirus pandemic, the Israel Securities Authority (ISA) recently released a number of updates and reliefs on the obligations that apply to portfolio managers and investment advisors and marketers.
April 1, 2020
Israel’s Tax Agency Criticized for Tepid Response to Coronavirus
Harel Perlmutter was interviewed by Tax Notes International following criticism that the reliefs the Israel Tax Authority issued for taxpayers in light of the coronavirus pandemic are insufficient.
April 1, 2020
Managing Labor Relations in Accordance with the New Israeli Guidelines 01.04.2020
New guidelines for conduct in the workplace came into effect today in Israel.