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Latest Updates / Startups
May 24, 2020
An Opportunity for Regulators
The Israel Securities Authority's current enforcement policy forces officers and companies that have acted in good faith to prove as much in an administrative enforcement proceeding. Check out an opinion article by Dr. Zvi Gabbay and Shir Rozenzweig published in TheMarker about how regulators can adjust this policy.
May 24, 2020
Unpaid Leave: Rights of Employees Fired after Being Put on Unpaid Leave
A little over two months ago, at the start of the coronavirus crisis, a million Israelis were put on unpaid leave. With companies returning to normal under new restrictions, Maariv interviewed Netta Bromberg for a special guide to understand the rights of employees and the duties of employers.
May 20, 2020
Doing Business in Israel – Practical Law
This year, we were once again responsible for preparing the QA guide on doing business in Israel for the Practical Law website. The guide provides an overview of recent key developments that have affected doing business in Israel, including the legal system, foreign investment, employment, tax, competition, privacy, IP, etc.
May 20, 2020
Class Action Lawsuits Skyrocket Following Coronavirus Crisis
Adv. Zohar Lande was interviewed by Globes, where he revealed that the number of requests for class action approval coming to our office has increased twofold since the start of the coronavirus crisis. According to Zohar, no action is required by the legislature or the courts in this respect.
May 20, 2020
First Steps for Startups: Ariella Dreyfuss Lectures at Bengis Center for Entrepreneurship & Innovation
Adv. Ariella Dreyfuss lectured today on founders' agreements and raising initial funding to Faculty of Business and Management students from Ben Gurion University’s Bengis Center for Entrepreneurship Innovation.
May 17, 2020
How to Arrange the Inheritances of Agricultural Farms
If you are the owner of agricultural land, you may find yourself wondering about the future of the family farm after your passing. You should know this is subject to laws, agreements, protocols, and regulations unique to the agricultural sector in general and to land in particular.
May 14, 2020
Israeli Registrar of Amutot Eases Reporting Obligations for Amutot and Public Benefit Companies (PBCs)
In light of the coronavirus outbreak in Israel, and the restrictive measures taken by the government, the Israeli Corporations Authority has issued updated guidelines to ease the obligations of Amutot and PBCs.
May 13, 2020
Legal Options for Israeli Companies Operating in the U.S.
How Israeli companies operating in the U.S. can use COVID-19 as a force majeure and the restructuring of debt in chapter 11 bankruptcy ?
May 11, 2020
The Legal Aspects of Building a Startup
As part of our close relationship with AtoB, a professional accelerator in Jerusalem operated by the Azrieli College of Engineering, Yuval Lazi was invited today to discuss with early-stage entrepreneurs the legal aspects of building a startup. For more information, feel free to contact us.
May 10, 2020
Israel: Aid Measures for Third-Sector Organizations and Civil Society
As part of its effort to deal with the coronavirus crisis, the Social Services Division of the Accountant General’s Department at the Israeli Ministry of Finance recently released an aid package for the benefit of third-sector organizations.
May 7, 2020
FIMI Acquires Control of Amiad Water Systems
FIMI Opportunity Funds, a private investment fund, recently completed the acquisition of control of public company Amiad Water Systems Ltd. Micky Barnea represented Hachoshlim Fund Cooperative Agricultural Society Ltd., Amiad's largest shareholder, in the deal. As part of the deal, FIMI agreed to invest about USD 19 million in Amiad for a share allocation, thereby acquiring 5% more of the company's shares.
May 6, 2020
Companies and Class Actions
Adv. Eyal Nachshon, a partner in the Litigation Department who often represents defendant companies in class action lawsuits, presents in this short video the conditions for filing a class action lawsuit, the matters for which a suit can be filed, and how a defendant company should formulate a defense.
May 6, 2020
Israel: Fast-Tracked Grant Channel for Companies in Crisis
Following a previous Israel Innovation Authority call for bids for companies developing technologies to help deal with the coronavirus crisis, the IIA has opened a channel to support companies facing financial hardships due to the virus.
May 5, 2020
Barnea Represents Surf in Sale of Video Division to Lytx
Lytx Inc., an American fleet management software developer, has acquired the video division of the Israel-based company Surf Communications, to serve as its Israeli RD center. Surf, founded in 1996, develops multimedia digital signal processing technologies for telecommunication infrastructures. Firm partners Micky Barnea and Ariella Dreyfuss represented Surf in the deal valued at between $20-30 million.
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.