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Latest Updates / High Tech
May 28, 2023
Israel: Regulating Payment Services and Payment Initiation
New provisions set out the licensing framework for the provision of payment services, designed to encourage new players to enter the Israeli market and offer payment services while providing broad protection to consumers. The law will apply to companies providing payment services, credit service providers, acquirers, and more.
May 17, 2023
Representing CryptoHub in USD 6 Million Fundraising Round
Itay Gura and Inbar Katzir advised Cryptohub, which offers crypto trading tools and innovations to improve the average crypto trader's experience, throughout the course of a USD 6 million investment round. The round was led by Tectona, the only public company that focuses its activities on the adoption of blockchain technologies.
May 16, 2023
Earn-Outs – Ariella Dreyfuss Op-Ed for CTECH
CTECH by Calcalist has published an op-ed by Ariella Dreyfuss, a partner in our International Corporate Department. Ariella explains that earn-outs are becoming an established tool for compromising on a company’s valuation.
May 15, 2023
Conference: The High-Tech Employment World
We hosted members of the Association of Corporate Counsel (ACC) for the conference The High-Tech Employment World.
The conference focused on key issues in the Israeli high-tech employment market and included diverse lectures on such topics as non-competition clauses in employment agreements, the workforce as a critical element in the workplace, and more.
Among the speakers at the conference were Micky Barnea, our firm’s managing partner; Nani Maoz, the founder, chairman, and CEO of Everest; and firm lawyers Harel Perlmutter, Netta Bromberg, Inbar Gorelick, and Amos E. Rosenzweig.
May 10, 2023
Material Transfer Agreements: Why They Matter
IP can be tangible, and MTA agreements are there to determine the terms and conditions of their transfer and usage.
May 4, 2023
Barnea: Hosting AI & Regulation Conference
Our firm hosted the “AI Regulation" conference, with the participation of Gilad Samama, head of the Israel Privacy Protection Authority, and other senior officials. The conference was held in collaboration with the International Association of Privacy Experts (IAPP) and the Israel-America Chamber of Commerce. At the conference, Dr. Avishay Klein, head of our firm’s privacy, data protection and cyber practice, lectured on the regulation of artificial intelligence in Israel and around the world.
April 4, 2023
Lawsuits and Enforcement: Privacy Violations through AI
A few months after ChatGPT became a popular tool for millions of users, users began filing lawsuits alleging violations of users’ privacy and data security breaches. The conclusions from these lawsuits are relevant to all companies engaging in the development and assimilation of AI technologies.
March 28, 2023
Barnea: Representing Daily.dev in USD 11 Million Seed Funding Round
Itay Gura and Inbar Katzir represented the Israeli startup Daily.dev in a USD 11 million seed funding round. The company aims to build the world’s largest professional network for the global developer community.
March 28, 2023
Barnea: Supporting ReCombinate Program
We are happy to be a partner in the ReCombinant program, an AB InBev-TAU Ventures collaboration dedicated to fostering pilot activity and joint RD. The program is supported by the Israel Innovation Authority.
March 12, 2023
Critical Considerations before Drawing up a Founders’ Agreement
A founders’ agreement is signed at the initial stages of forming a venture with an uncertain future. This is precisely the time to decide how matters will proceed if the venture is an enormous success, a failure, or anything in between.
March 5, 2023
Avishay Klein Invited to Speak at Global Intellectual Property ConfEx in Dubai
Avishay Klein, the head of our firm’s privacy and data protection practice, attended the Global Intellectual Property ConfEx in Dubai. Avishay spoke as part of a panel on IP data breaches, including preparing for cyber threats and dealing with cyber crises.
March 2, 2023
In First, Arrangements Law Includes Extensive Reference to Digital Assets
The draft of Israel’s Arrangements Law – Economic Plan for 2023-2024 addresses digital assets extensively for the first time. The draft bill contains a section dedicated to the regulation of digital assets and addresses stablecoins, taxation issues, the banking system, DAOs (decentralized autonomous organizations) and more.
February 21, 2023
AI and Regulation: The Future Is Already Here
The more artificial intelligence permeates additional spheres of private and public life, the greater the need to regulate uses of this technology. Various artificial intelligence regulations are already in place around the world and additional regulatory initiatives are being promoted at a rapid pace.
February 14, 2023
Yuval Lazi Leads Table at OurCrowd Leaders Forum
Yuval Lazi was chosen to lead a taskforce table at the annual OurCrowd Global Investment Summit, dealing with “MA Challenges in Light of Political and Economic Turmoil.”
February 8, 2023
Digital Assets or Securities?
The Israel Securities Authority recently published a proposal for a series of legislative amendments relating to digital (cryptographic) assets, whose implications go beyond the realm of digital assets and do not herald much good news for Israeli crypto ventures.
January 25, 2023
Fine Imposed on Israeli Cyber Tech Company for Violating European GDPR
Israeli cyber companies operating in Europe are exposed to the GDPR even though they are registered in Israel, and even if the information they collect is not processed or stored in Europe.
January 25, 2023
Determining Intellectual Property Value for Israeli Tax Purposes during a Sale between Related Parties
A sale of intellectual property between related parties requires advance planning and preparation in order to avoid tax exposures in Israel.
January 15, 2023
Is AI-Based Pricing a Detriment to Competitiveness?
The increasing commercial use of AI-based pricing engines will place new challenges before Israel’s competition authorities, both due to concerns about the creation of new means of price coordination between competitors, and, perhaps primarily, because such pricing engines intensify the competition failures that already exist, especially in low-competition markets. Gal Rozent and Ran Karmi elaborate on these challenges in an op-ed for Calcalist.
January 10, 2023
Lecture: Investment Agreements
As part of our firm's collaboration with the Jewish-Arab accelerator jumpTAU at Tel Aviv University, Adv. Yuval Lazi lectured to entrepreneurs in the accelerator. During the lecture, Yuval provided legal tools to entrepreneurs and discussed how to avoid mistakes before signing investment agreements.
January 9, 2023
Hosting Entrepreneurs from jumpTAU Accelerator
Our firm hosted entrepreneurs participating in the jumpTAU program of Tel Aviv University’s Entrepreneurship Center. In this framework, Yuval Lazi lectured on founders' agreement and financing startups, while Anat Even-Chen lectured on setting up a website and the privacy issues that entrepreneurs must address at the very beginning.