Latest Updates

March 17, 2020

The ISA Eases Obligations for Reporting Companies

The Israel Securities Authority revised its previous position and announced that in light of the exceptional circumstances, reporting corporations may submit their 2019 periodic reports until April 30, 2020.

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March 16, 2020

Does a Delay in the Delivery of an Apartment Due to the Coronavirus Constitute Grounds for Untimely Delivery without Compensation?

What happens if a contractor’s workers do not come to work due to the spread of the coronavirus, and therefore cause delays in the delivery ? Will the buyer be entitled to compensation or will the delay be justifiable?

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March 15, 2020

Israel’s Privacy Protections and Data Security Recommendations for Telecommuting due to Coronavirus Spread

The Israeli National Cyber Security Authority published recommendations for business and organizations related to privacy protections and data security for telecommuting due to coronavirus spread.

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March 12, 2020

Israel: Imposing Unpaid Leave on Employees Due to the Spread of Coronavirus

Because of the coronavirus, many employers have been forced to consider minimizing expenses. In Israel several alternatives are being explored: reducing the scope of employment, lowering salaries, utilizing any available leave days, imposing unpaid leave on employees, reducing manpower, and conducting layoffs.

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March 10, 2020

Li Wenliang Was Not a Snitch – an Article by Michael Barnea

Lee Wenliang was the first person to identify the coronavirus. He sought to warn the public about the virus and paid a personal price for doing so. Individuals like Wenliang are referred to in Hebrew as “information leakers,” at best, and snitches, at worst. The apparent distinction between an "information leaker" and a snitch is in many cases a question of the party involved—one person's "information leaker" is another person's snitch. In an article published by TheMarker, Micky deals with the terminology surrounding the leaking of information and the need for organizations to stress appropriate language so such actions are seen as a positive. Employers should also encourage internal reporting mechanisms.

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March 9, 2020

The Gender Pay Gap and the Even Bigger Gender Pension Gap: Women's Status in the Labor Market

Adv. Netta Bromberg was interviewed by Mako in honor of International Women's Day to discuss women's status in the labor market.

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March 8, 2020

Ariella Dreyfuss Featured in Article on the Femtech Market

2019 was a record year for femtech (female technology), a term generally applied to a category of software, diagnostics, products, and services that use technology to focus on women’s health. As this is one of the most growing markets in recent years, Adv. Ariella Dreyfuss was asked by Start-Up Nation Central to discuss the challenges and potential in the market. In an interview, Ariella commented that "femtech is essentially a palatable term, a euphemism, to describe tech products and services in the field of female health: digital health apps, consumer health tech products, and medical devices that address menstruation, menopause, fertility, breastfeeding, incontinence, contraception, and female cancers.”

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March 6, 2020

Firm Partners Lecture at TAU Entrepreneurship Center

As part of the firm's collaboration with Tel Aviv University's Entrepreneurship Center, we were invited to lecture students on the relevant legal aspects of entrepreneurial activity. We discussed the basics behind founders’ agreements and why it's important to make such an agreement. Yuval Lazi explained the methods, possibilities, and challenges of venture capital raising, from family and friends to exits. Anat Even-Chen concluded with a lecture on online business activities, including what website policies should contain and how to build a business correctly so as not to be exposed to privacy issues.

March 5, 2020

Court Rules an Employee whose Shares in a Company Are Held by a 102 Trustee Has No Shareholder Rights in the Company

The Haifa District Court recently held, in a precedential decision, that an employee who received shares in a company held by a trustee in accordance with section 102 of the Income Tax Ordinance has no shareholder rights.

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March 4, 2020

Protect Your Business by Learning How to Handle Data

In an attempt to assist businesses in addressing the privacy challenges they face, we prepared a short guide on the key principles of handling data.

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March 4, 2020

Hedged Mutual Funds

As part of the ISA's move to make investing in hedge funds more accessible to the public and to develop mechanisms for their oversight, it published a document for public comment that details the core characteristics of two new financial products - an alternative mutual fund of the hedge fund type and hedged mutual fund of funds.

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March 4, 2020

Article: Snapshot of the Israeli Fintech Scene

Simon Jaffa and Dr. Zvi Gabbay take a look at the challenges and opportunities in the Israeli fintech sector in this short article.

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March 3, 2020

Representing MAT Investment Holdings in Merger between Two Manufacturers of Control Valves from Kibbutz Industry

Our firm represented the Spanish multinational industrial group MAT Investment Holdings in the merger of its Israeli subsidiary Dorot Management Control Valves from Kibbutz Dorot with A.R.I. Flow Control Accessories, a company owned indirectly by Kibbutz Kfar Haruv.

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February 26, 2020

Zvi Gabbay Attends Fourth Annual FOW Derivatives Israel Conference

Dr. Zvi Gabbay served as a panelist for the annual FOW event. The panel discussed the essentials for entrepreneurs entering the fintech market.

February 25, 2020

Who Owns the Copyright – the Photographer or the person who was Photographed?

Potential legal exposure when one makes use of a photograph displaying his or her own image without the permission of the photographer.

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February 24, 2020

Article: Israel Land Authority Policy – Negative Incentive for Agricultural Settlements

Hagit Ben Moshe published an op-ed in Globes on the proposal to amend the rules for restoring agricultural land to the Israel Lands Authority, which will reduce the incentives offered to farmers. Hagit noted that since the decision has been postponed until after next week's election, it is worth taking the time to prepare accordingly.

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February 23, 2020

Chambers TMT Guide 2020: Law in Practice

As experts in the TMT field, our firm was asked to contribute the Israeli law and practice overview for the Chambers Israel TMT guide. In their overview, Micky Barnea, Daniel Lorber, and Anat Even-Chen discuss legal considerations for big data, machine learning, and artificial intelligence. They also address key data protection principles, the challenges with IT service agreements, privacy matters, and more. As a whole, the TMT guide offers insights for each jurisdiction.

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February 20, 2020

What Is a Non-Disclosure Agreement and Is It Really Necessary?

This video deals with the questions of when to sign an NDA and how much protection it really gives.

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February 19, 2020

Daniel Lorber Lectures at Israeli Go Global Forum's Meetup

Adv. Daniel Lorber participated today at the Israeli Go Global Forum meetup. Daniel presented to participants the issues that arise when deciding whether to recruit a local manager versus relocating an Israeli manager abroad.

February 19, 2020

IBM Alpha Zone – Mentors Meet Class 10

As part of the firm's representation of the IBM Alpha Zone Accelerator, Adv. Ariella Dreyfuss attended a session with participants of the new class and lectured on raising financing and investment terms.

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