Latest Updates

October 3, 2022

Israel Declares Independence of Privacy Protection Authority in Ministry of Justice

This declaration will help to maintain the European Union’s continuing recognition of the State of Israel as a country whose data protection laws are on par with the European Data Protection Regulation.

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October 2, 2022

Barnea: Representing Pronto Diagnostics and Owners in Sale to Novolog

Adv. Sagi Gross and Adv. Dor Levi-Tam represented Pronto Diagnostics and its owners in a transaction to sell control of the company to Novolog. Pronto operates in the field of molecular genetic diagnostics.

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September 21, 2022

Adv. Harel Perlmutter Featured on “Tzeva Hakesef” Radio Program

Adv. Harel Perlmutter, the head of our firm’s Tax Department, was interviewed on the radio program “Tzeva Hakesef” about the latest storm surrounding apartments registered in the name of social media personality Hadar Mokhtar. Harel explained the issue and discussed the tax implications of registering an apartment in your child's name.

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September 20, 2022

Arbitration Clauses in International Agreements – Do’s and Don’ts

Arbitration, around the world and particularly in Israel, is a legitimate and well-established mechanism. Israeli courts normally honor arbitration clauses and consider them a standalone arbitration agreement.

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September 20, 2022

Real Estate and Taxes: Adv. Harel Perlmutter Op-Ed in Mako

Adv. Harel Perlmutter, the head of our firm’s Tax Department, discusses the "tax pitfalls" when purchasing an apartment for investment.

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September 19, 2022

Barnea Represents Israeli Startup in Initial USD 17 Million Funding Round

Adv. Itay Gura and Adv. Inbar Katzir represented the startup Winn.AI in an initial USD 17 million funding round. Winn.AI offers a real-time AI assistant that helps sales teams win more deals with less hassle through its innovative real-time tracking, capturing, and CRM updating features.

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September 19, 2022

Danel Group Raises ILS 130 Million from Institutional Investors

Our firm represented Danel Group, a human resources and nursing company traded on the TASE, in raising more than ILS 130 million in a private IPO for Nokd Capital, The Phoenix, and Reading Capital.

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September 18, 2022

Taxes: Adv. Harel Perlmutter Lectures at Tel Aviv University

Adv. Harel Perlmutter, the head of our Tax Department, lectured this week to TAU Ventures, Tel Aviv University's venture capital fund for investments in startups. Harel addressed the advantages and disadvantages of preferred stock companies, employee compensation options, and other tax issues relevant to startups.

September 15, 2022

Real-Time Reporting of Major Data Breach Events

The Israeli Privacy Protection Authority issues instructions to report data breach events or concerns of data breach events immediately.

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September 12, 2022

Public Statements: Webinar Hosted by Israeli Association of Public Companies

Adv. Gal Rozent, a partner and head of our Antitrust and Competition Department, participated today in a forum hosted by the Israel Association of Public Companies. He gave a lecture entitled "Public Statements by Officers in Public Companies – Do's and Don'ts."

September 11, 2022

Not Just Because of Price: Why Are Food Manufacturers Shrinking Product Packaging?

Adv. Eyal Nachshon, a partner in our firm's Litigation Department, was interviewed by Globes about the lesser known aspects of the phenomenon known as "shrinkflation."

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September 8, 2022

Barnea: Representing Neve Pharma in Sale to Diplomat for ILS 81 Million

Neve Pharma is engaged in the development, marketing, and sale of nutritional supplements, as well as medical accessories in the ENT field. Sixty-five percent of the company was recently sold to the public company Diplomat for ILS 81 million. Neve Pharma was represented by Adv. Sagi Gross, Adv. Dor Levi-Tam, and Adv. Izabel Pashayev in the transaction.

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September 8, 2022

Barnea: Representing Naveh Pharma and Bigdam Ltd in Sale to Diplomat

The import giant Diplomat has acquired control of the companies Naveh Pharma and Bigdam Ltd for ILS 96 million. Adv. Sagi Gross, Adv. Dor Levi-Tam, and Adv. Izabel Pashayev successfully represented the companies and their owners in the transaction.

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September 4, 2022

In First, Company Fined for Violating California Consumer Privacy Act

Sephora, the cosmetics giant of the LVMH group, must pay a USD 1.2 million fine for failure to comply with the California Consumer Privacy Act (CCPA), after receiving a warning from the California Attorney General and time to rectify its violations.

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September 4, 2022

Responding to ITA Solution for TAMA 38 Tax Benefits

The Israel Tax Authority announced a temporary solution for the problem of tax benefits in TAMA 38 projects. Our firm commented on the proposed solution.

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August 25, 2022

Doing Business in Israel: Antitrust and Competition Aspects of M&A Transactions

Every foreign company considering a merger with an Israeli company (or with an international company connected to an Israeli company) must pay great attention to various elements characterizing Israeli merger control.

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August 25, 2022

Informing on Cyber Risks during Sale of IoT Products

According to the Israeli Consumer Protection Authority’s draft directive, the disclosure obligation applies at all stages of a transaction, including when advertising and marketing an IoT product.

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August 21, 2022

Compensation to employers in respect of wages paid to employees during the IDF Operation “Guardian of the Walls”

Employers are able to receive compensation from the ITA for wage payments paid to employees who were absent during the Operation.

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August 15, 2022

Barnea Represents Migdal in Investment in Major European Infrastructure Project

Adv. Roy Engel and Adv. Yakov Vilenski represented Migdal in an ILS 130 million investment in one of the biggest infrastructure projects in Europe: the NeuConnect Interconnector. This project consists of a 725 km submarine power transmission line that will connect the English power grid with the German power grid for the first time. The investment agreement was signed with the French fund MIE III Co-Investment Fund II S.L.P.

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August 14, 2022

Israeli National Labor Court Rules Investors Are Not Employers

The Israeli National Labor Court ruled a former CEO suing the company that employed him could not adjoin other shareholders to his lawsuit, since the investors were not involved in the company’s routine management.

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