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November 16, 2016
Barnea & Co. Represented D.G.I Media Ltd. in a Precedent Administrative Enforcement Settlement with the Israeli Securities Authority
Dr. Zvi Gabbay, Partner and Head of the Capital Markets and Securities department at Barnea, represented D.G.I Media Ltd. in a precedent administrative enforcement settlement in the field of Forex Trading.
November 10, 2016
The Supreme Court Rejected Yaacov Peri’s demand for Reduction From tax payable on an Exercise of Options
This week the Supreme Court rejected Yaakov Peri's demand for a tax reduction from the tax authorities from an exercise of options received by the public company, Lipman Electronic Engineering. Adv. Harel Perlmutter, Head of the Tax Department at Barnea was interviewed by Globes and noted that during the period in which the controversy arose, there was a difference between corporate tax (35%) and capital gains tax (25%) for companies. Today, when the tax rates are identical, there are no implications arising from the nature of the tax imposed on the taxpayer.
November 9, 2016
Barnea & Co. Represents iTrader, an Online Forex Trading Company
Barnea represents iTrader, an online forex trading company, which is under investigation by the Israeli Securities Authority. Adv. Zohar Lande and Adv. Moran Bickel from the Litigation department were interviewed by The Marker and commented that they hope the investigation by the ISA, which focuses on the company's activities during the period in which it was entitled to act as a trading platform, will end soon.
November 9, 2016
Voluntary Retirement Program
Following reports on the voluntary retirement programs that are promoted by the Israel’s largest banks, our Head of the Employment Department at Barnea was interviewed by Globes. She commented that a successful voluntary retirement program is one which creates a situation where the employer offers retirement to certain workers, without harming the functioning of the organization, which often relies on the knowledge and experience of the veterans.
November 8, 2016
Barnea & Co. Represented Hadad Brothers
Our firm represented Hadad Brothers, Worldwide Judaica Artists, in a claim by a service provider with an independent business, that after 17 years of engagement argued for a recognition of an employee-employer relationship and filed a claim for various social benefits in the sum of 1.5 Million NIS. After 2.5 years of legal proceedings, the court this week denied the claim in full.
November 7, 2016
Doing Business in Israel: a Nation Friendly to Business Investment
Companies, countries, and individuals who are interested in doing business abroad are looking more and more towards Israel. This has not occurred by accident. Israel has devised and implemented national policies to make it a world leader in technology and innovation. The result is a nation friendly to business investment. With the right business and legal guidance, investors are discovering tremendous potential in this small but sophisticated country.
November 2, 2016
Seminar for Students From the IDC Legal Clinic for Start-Ups
Barnea is hosting today a seminar for students from the IDC Legal Clinic for Start-Ups on various issues including founding agreement, labor law and tax issues, privacy policy, entrepreneurship and more. The cooperation is part of the firm's pro bono activities.
November 1, 2016
A Delegation of Community and Entrepreneurial Organizations from Barcelona and the Region of Catalonia
Barnea, hosted today a delegation of 50 community and entrepreneurial organizations from Barcelona and mayors from the region of Catalonia, which were invited to Israel by Startau, Tel Aviv University Entrepreneurship Center. The event was held as part of a series of meetings of the delegation with leaders of the technological and entrepreneurial environment in Israel.
October 30, 2016
Does the Decision to Grant Foreign Companies Permits to Perform Construction Work in Israel Create Healthy Competition or Hurt Small Construction Companies ?
Adv. Ariel Nadler, Partner and Head of the Real Estate Department at Barnea was interviewed by Ynet and commented that opening the market to foreign companies is a positive move. He also addressed the question of problems that may arise for the consumer who is required to deal with a foreign company. Ariel commented that he is convinced that the Ministries of Finance and Construction will ensure adequate securities to address the issue of deficiencies and quality construction.
October 27, 2016
Five Chinese Companies and One Portuguese Company will be Granted Permits to Perform Construction Work in Israel
Adv. Ariel Nadler, Partner and Head of the Real Estate Department at Barnea was interviewed by The Marker regarding the Ministries of Finance and Construction decision to grant foreign companies permits to perform construction work in Israel. Ariel commented that with Israeli on-site construction firms in a state of collapse, opening the market for foreign companies is a positive move.
October 26, 2016
Barnea & Co. Continues to Assist the Heseg Innovators Program (HIP).
The new HIP Boost program is a direct continuation of the HIP program with which our firm was associated in the past. During HIP Boost, graduates of the HIP will undergo a comprehensive process to accelerate their early stage startups into growing and sustainable businesses.
Next week a panel presentation event will be held with leading mentors giving insights to the entrepreneurs. Adv. Yuval Lazi was chosen to be the legal advisor for the HIP Boost program.
October 19, 2016
Legal Aid for Startups Targets Social Ventures
Barnea is pleased to co-operate with the IDC Legal Clinic for Start-Ups in mentoring the law students participating in the clinic and entrepreneurs from underprivileged communities engaged in social business ventures.
October 18, 2016
Cybersecurity: Protecting Your Investments
Your company faces potential threats every day from hackers and online criminals. Whether they are interested in stealing money, absconding with information, or just harassing and creating embarrassment for your organization, you need to be prepared to stop them. While you can gain a measure of protection by investing in antivirus and anti-malware software, your cybersecurity strategy needs to be built into your technological infrastructure. Investing now in a sound, broad-based approach to cybersecurity concerns can save you headaches, customers, and money.
October 14, 2016
After 9 Years of Litigation, David's Geller Claim Against Yitzchak Omer, Who Was Represented by Barnea & Co., Was Dismissed.
As previously published, Geller had filed a lawsuit alleging fraud in the amount of nearly NIS 70 million. Even though the main claim for fraud was dismissed, the District Court obliged Omer to pay millions of NIS to Geller deciding that they were granted to Omer as a loan.
Geller and Omer both appealed to the Supreme Court. The Supreme Court denied Geller's appeal entirely, accepted Omer's appeal and returned the case to the District Court.
This week, the District Court dismissed the action entirely and accepted Omer's argument that the funds were transferred to him as part of a share purchase transaction. The Court ruled that under these circumstances, Omer does not need to reimburse the funds or to transfer any shares.
October 13, 2016
Hackathon for Sustainable Urban Mobility
Adv. Asaf Shalev will serve as a mentor and participate at the Herzliya sustainable urban mobility Hackathon, which takes place on October 27th , in cooperation with the European Union.
October 13, 2016
Australian stock exchange to Israeli tech firms: Come list Down Under
Dr. Zvi Gabbay, Partner and Head of the Capital Markets Financial Regulation Department at Barnea was interviewed by the Times of Israel regarding the growing interest of Israeli companies to list on the Australian Stock Exchange (ASX). Zvi commented that the Australian financial laws have earned a reputation as a creative and advanced regulatory regime that strikes a good balance between investor protection and a pro-business approach that understands the risk of over-regulation.
October 6, 2016
Israeli Leadership in Water Technologies
Despite the fact that water covers three quarters of Earths surface, countries all over the world suffer from potential or current water shortages. Water consumption well outpaces supply, particularly in arid nations that struggle to meet their agricultural water needs. Israel, as a nation more than 50 percent covered in desert, has grappled with this problem since its beginnings. The technologies it has developed in response allow it to flourish, and it is doing more every year to expand those technologies around the world.
October 6, 2016
Israeli Army May Crack Down on Ex-Soldiers Profiting from Tech Expertise
Adv. Yuval Lazi, Partner at Barnea was interviewed by the Times of Israel regarding a new policy the Israeli army is mulling that would regulate the technologies and the expertise soldiers can use once they leave. Yuval commented that the rights to any intellectual property that a soldier has developed or produced during his time in the army — patents, lines of code or even photos — belong to the army and not to the individual.
October 5, 2016
Cross Border Mergers and Acquisitions 2016 - Virtual Roundtable
Corporate Live Wire held a Cross border Mergers and Acquisitions roundtable featured experts from around the world, including Adv. Ariella Dreyfuss. The chosen experts discussed regulatory changes, legislative precedent, challenges and opportunities as well as key trends and latest developments.
September 30, 2016
Barnea & Co. Represented the Private Equity Fund IGP Investment in Jacada
Barnea represented Israel Growth Partners (IGP) in an agreement to buy 300,000 Jacada shares, 7% of the company's share capital, from Robert (Bob) Ashton's investment firm Kinetic Catalyst Partners.