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August 23, 2016

Officers’ Remuneration – Are New York and London Following TASE’s Lead?

Adv. Micky Barnea, Managing Partner at Barnea, was interviewed by Globes Dun's 100 on the emerging trend in the United States and England to adopt stricter corporate governance rules pertaining to director remuneration.

August 23, 2016

Reverse Vesting and Holdback – Good News for Entrepreneurs?

On July the Israel Tax Authority presented its position that the sale of equity by a founder should be treated as a capital gain and not income, irrespective of whether such shares had been subject to a Reverse Vesting mechanism and/or Holdback. A double edged sword for entrepreneurs.

August 22, 2016

The High-Tech Sector in Israel in the Year Ahead

Israels ‘startup boom’ has grown unfettered for decades. Its emergence as a nation of opportunity for business creation and innovation came not by accident, but through careful planning, tendency to think ‘outside the box’ and constant strive towards execution. All of which have been accomplished due to ability of Israel to support and grow qualified and innovative individuals. After years of steady growth, though, the country now faces some challenges to its positioning in the technology sector. Shortages in their high-tech labor pool and a need for companies to grow more within the country are forcing adjustments. How Israel navigates these concerns will have a significant impact on the year ahead for high-tech companies.

August 10, 2016

Investors Search For Options Before Apartment Tax Comes Into Force

Following the announcement of Minister of Finance, Moshe Kahlon, of the Government’s intention to impose an annual tax on owners of 3 apartments and more, Adv. Liat Keisary, Partner at Barnea, was interviewed by Bizportal. Liat discussed the pros and cons of the option of incorporation by the owners to hold the properties.

August 9, 2016

Israel's Leadership in the Internet of Things

The Internet of Things (IoT) has emerged as a popular technology buzzword in the last decade. As with many such phrases, it has garnered widespread usage with little understanding of what it actually signifies. Far from meaningless terminology, though, IoT already pervades the consumer marketplace, and growth opportunities abound. Israels sophisticated tech sector provides fertile ground for continued expansion in IoT investment and development.

August 4, 2016

Barnea & Co. Represented Stride Gaming PLC

Adv. Karin Kashi of Barnea represented Stride Gaming PLC, an online Bingo operator traded on AIM, London, in a major transaction recently. The Stride group acquired the assets and shares of Tarco Limited and Netboost Media Limited for consideration of up to GBP 40.2 million. GBP 22 million of  the amount will be paid in accordance with the 2017 EBITDA of the acquired businesses.

August 3, 2016

Moshe Kahlon Proposes New Apartment Tax

Minister of Finance, Moshe Kahlon, is proposing the imposition of an annual tax of 1% of the value, starting January 2017, on owners of 3 apartments and more. Adv. Liat Keisary, Partner at Barnea, was interviewed by Globes and commented that owners will eventually find legitimate tax structures to mitigate this tax. Others that will not be able to save this tax will transfer the cost onto the shoulders of the tenants.

August 1, 2016

Cellect Biotechnology Completed a Nasdaq IPO

On 31st July 2016 Cellect Biotechnology announced that it has completed its Nasdaq IPO, raising $8.4 million. Cellect Biotechnology will be traded on Nasdaq in parallel with its listing on the Tel Aviv Stock Exchange. Barnea represented a group of US underwriters, led by H.C. Wainwright , LLC, in the process of submission by Cellect Biotechnology of a prospectus for the Nasdaq listing. Cellect Biotechnology develops innovative technologies in the stem cells sphere.

July 31, 2016

Agtech: Why Israel Makes Sense

If you think about fertile land for agricultural development, Israel probably doesnt immediately come to mind. But perhaps it should. Despite a desert climate and the relative youth of the country, Israels technological development has created a boom in agricultural innovation, with technology that helps farmers and companies develop healthier, higher-quality foods. With the challenges facing the worlds farming and crops markets, this tiny country provides a wealth of opportunity moving into the future of agriculture.

July 28, 2016

Barnea & Co. represents Maurice Haliwa

Adv. Zohar Lande and Adv. Yaacov Gershoni from the Litigation Department at Barnea are representing Maurice Haliwa, a shareholder in Manor A.D. Construction Investments Ltd. Mr. Haliwa filed a lawsuit against Jacky Ben-Zaken and Avraam Nanikashvili in the amount of NIS 18 million.

July 27, 2016

Reverse Vesting and Holdback – Good News for Entrepreneurs?

Earlier this month the Israel Tax Authority presented its position that the sale of equity by a founder should be treated as a capital gain and not income, irrespective of whether such shares had been subject to a Reverse Vesting mechanism and/or Holdback. A double edged sword for entrepreneurs.

July 26, 2016

Jerusalem Real Estate Scams and How to Avoid Them

Adv. Liat Keisary, Partner at Barnea, was interviewed by Ynet in connection with the Jerusalem real estate fraud involving the sale of apartments using false documents. Liat explained that the public should pay attention to any warning signs and carry out the process in a structured manner.

July 24, 2016

CySEC is stepping up enforcement of Israeli FOREX companies

The Cyprus Securities and Exchange Commission (CySEC) has begun to increase enforcement on Israeli companies operating in the field of FOREX and binary options and promote reform that could hamper their operations. Our Head of the Internet Department at Barnea, was interviewed by Calcalist on this issue. He remarked that Israeli companies operating in Cyprus are examining alternative places, such as Malta or Eastern European countries in the EU.

July 21, 2016

Non Israelis - 10 Essential Tips When Purchasing Residential Property in Israel

Purchasing a residential property is generally one of the most profound, expensive and important decisions you make in your life. Even more so when purchasing a residential property in Israel. Following is a check list containing 10 most important tips on how to do it the right way.

July 21, 2016

Barnea & Co. Was Selected to Work In Conjunction with the IDC Legal Clinic For Startups

Barnea was selected to work in conjunction with the IDC Legal Clinic for Startups in supporting law students and entrepreneurs from under represented sectors, in the 2016/2017 academic year.

July 17, 2016

Things You Need to Know About Fintech

Financial technology (“FinTech”) is a broad term that encompasses many kinds of technology across many industries. It includes hardware and software, apps and analytics, and solutions for companies of all sizes. Because FinTech plays a role in virtually every kind of company, it is worth taking the time to understand its position in the world economy.

July 13, 2016

"Made in Lod" Boot Camp

Barnea will participate today in the "Made in Lod" Boot camp. Made in Lod is a social enterprise, tech, and small business accelerator being directed by PresenTense and the Lod Young Adult Center. Adv. Yuval Lazi will discuss the common mistakes young startups make.

July 12, 2016

The Ministry of Construction and Housing allows foreign construction companies to operate in Israel for the first time

In March 2016 the government adopted the housing cabinet’s recommendations regarding criteria for allowing foreign construction companies to begin operating in Israel. This move is one of the government’s strategies for increasing the volume of residential construction in Israel.

July 7, 2016

Barnea represented Pharma Cosmetics Laboratories Ltd.

Our Litigation department represented Pharma Cosmetics Laboratories Ltd. (formerly HL Cosmetics Laboratories) in an IP claim against a beautician and her partner. The Rishon Lezion Magistrates Court recently awarded compensation in favor of Pharma and rejected the defendants' claim that the Copyright Act does not apply to the images and texts they copied from Pharma’s website.

July 6, 2016

Hedge Funds Do Not Need Regulation

Dr. Zvi Gabbay, Partner and Adv. Sapir Malul from the Capital Markets Securities Department at Barnea express their views in an article for The Marker that the damage involved in applying the regulatory regime for hedge funds is immeasurably greater than the benefits, and may even cause a collapse of the entire industry.