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July 21, 2022
Bezeq Affair and Implications for Independent Committees – Adv. Micky Barnea Interview in Globes
Following Judge Michal Agmon-Gonen’s ruling to drop certain charges from the indictment in the Bezeq securities case, Adv. Micky Barnea, the firm’s managing partner, was interviewed by Globes. Micky noted, “This ruling should not diminish the status of independent committees, but rather create order regarding them.”
July 21, 2022
Prohibition on Receiving Information on an Employee’s or Prospective Employee’s Criminal Record
The Criminal Information and Rehabilitation of Offenders Law recently came into effect. From now on, employers may no longer ask employees or prospective employees to provide information about their criminal records. This includes through an affidavit, declaration, or written questionnaire.
July 21, 2022
Schweppes Case Ruling: When Is Parallel Importing Legitimate?
The Israeli Supreme Court overturned a district court ruling and stated the court erred when it attributed internationality to the Israeli trademark “Schweppes” and associated it with a global venture.
July 20, 2022
Barnea Represents Shefayim Water Park in Class Action Lawsuit
Adv. Eran Winner represented Shefayim Water Park in reaching a settlement agreement in the class action filed against it over alleged violations of Israel’s Prevention of Smoking in Public Places and Exposure to Smoking Law.
July 20, 2022
Crypto Custody Services and Regulation – A Review
The issue of whether a party is or is not a custodian may have far-reaching implications. Institutional investors, corporations, exchanges, individuals, and crypto miners all have strong demand for crypto custody services, as provided by special market participants.
July 19, 2022
Barnea Represents GameChain in USD 24 Million A Round
We represented the Israeli crypto and NFT startup GameChain (UnCaged Studio) in raising USD 24 million as part of a series A round. The round was led by Griffin Gaming Partners and was joined by Vgames, Maverick Ventures Israel, MaxStealth, Drive by DraftKings, and 6th Man Ventures. Adv. Ariella Dreyfuss and Adv. Tal Freilich provided representation in the transaction.
July 18, 2022
Condominium Buildings and Electric Vehicle Charging Stations – New Ruling
An apartment owner in a condominium building installed a private electric charging station in her parking space without the consent of the other apartment owners. This is what the supervisor ruled.
July 14, 2022
Doing Business in Israel: How to Take Part in Israeli Innovation
Israel boasts a unique combination of academic excellence and an entrepreneurial approach. As a result, it is the home base for many startup companies. Most technologies underpinning startup companies develop at academic institutions.
July 14, 2022
Barnea Represents Businessman in ILS 20 Million Lawsuit Against Moshe Hogeg
Adv. Zohar Lande, Adv. Moran Bickel, and Adv. Asaf Glasner are representing an American businessman in a ILS 20 million lawsuit against Moshe Hogeg, Adi Sheleg, Singulariteam, and additional defendants. The plaintiff claims the defendants prompted him to invest in a cryptocurrency venture called Stox, which did not really exist, and fraudulently pocketed the investment funds.
July 11, 2022
Barnea Represents Cibus Fund in Biotech Company Investment
Barnea represented Cibus Fund in an investment in Phytolon, a biotech company that develops fermentation-based natural food colors.
July 11, 2022
Israel's New Urban Renewal Plan – When and What?
Last week, the Knesset approved Interior Minister Ayelet Shaked's new urban renewal plan in second and third readings. The new plan will replace Tama 38, the national outline plan for strengthening existing structures against earthquakes. What are the main points of the new urban renewal plan? How will it be implemented and until when can projects be promoted within the framework of Tama 38? Read Globes' new article.
July 7, 2022
Guide to the ESGI
Everyone agrees ESG principles are important aspects of companies’ activities, but these principles have also received considerable criticism. This criticism is not of the principles themselves, but rather is directed against companies that exploit these principles for the purposes of public relations and image-building. Such criticism also spotlights the considerable difficulties in implementing fundamental changes in business activities.
July 6, 2022
Corporate Governance Rules for Public Companies without Controlling Shareholder
Dominant shareholders, holding alone or in concert more than 50% of the voting power in public companies, have traditionally characterized the Israeli capital market. Consequently, Israeli corporate governance rules for public companies have focused on protecting the public of shareholders from the dominant powers of the all-controlling shareholder.
July 6, 2022
News for Apartment Buyers in Israel – Major Amendments to the Sale (Apartments) Law
The latest amendment includes a limit on linkage to the construction input index and revises contractors’ compensation rates for delays in apartment deliveries
July 3, 2022
Latest Legislative Amendments to Promote Pinui-Binui Projects
The importance of pinui-binui (vacate-and-build) projects for resolving the housing shortage in Israel has spurred new legislation to resolve the problem of recalcitrant tenants, to define what constitutes a majority of tenants in such projects, and to regulate projects in neighborhoods comprised of detached houses.
June 30, 2022
Barnea Represents Entrepreneur in Conflict over Cannabis Growing Venture in Golan Heights
Adv. Eyal Nachshon and Adv. Shachar Rothschild represented the entrepreneur and businessman Tomer Solomon against his former partners Uri Amitai, Nir Pelter, and Nadav Segal in a lawsuit over the rights to shares in a cannabis company founded by Solomon. After a hearing on the allegations, the court ruled Solomon was illegally deprived of his holdings, in violation of agreements with him. Therefore, the court ordered the enforcement of the agreements and the return of his holdings in the venture.
June 28, 2022
Barnea Represents Azrieli in Data Center Acquisition
We represented Azrieli Group in the acquisition of a London data center operator for GBP 52 million. The acquisition is part of Azrieli's expansion in the data center sector. Adv. Ariella Dreyfuss, Adv. Mayer Winkler, and Adv. Tal Freilich provided representation in the transaction.
June 23, 2022
Barnea Represents Meir Arbiv in Dispute with Nochi Dankner
Adv. Zohar Lande, Adv. Moran Bickel, and Adv. Asaf Glazner are representing the agricultural entrepreneur Meir Arbiv, who claims Israeli businessman Nochi Dankner's new foodtech venture is based on his trade secrets. Arbiv alleges he passed on such information to Dankner after being convinced to enter into a partnership with him.
June 23, 2022
The Technologies Encouraging Consumers to Return to Malls
"The day we walk around with robots in stores, or when a shopping cart walks through the supermarket for us and tell us we are passing by a product we have purchased in the past and that is now on sale, is not far away." Adv. Yuval Lazi, head of our firm's International Corporate Department, was interviewed by Globes about retail-tech technologies.
June 23, 2022
Regulation: Internal Enforcement and Compliance
Partners from our firm lectured yesterday to compliance officers at BDO Financial Academy. The lecture focused on internal enforcement programs, which can significantly mitigate a corporation’s exposure to enforcement proceedings initiated by regulatory authorities, reduce potential monetary sanctions for violations, and strengthen its reputation for fostering a culture of compliance and integrity.