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June 1, 2016
Property Contractors may be breaching Privacy Laws
Purchasers of Apartments in Afula were surprised to receive a call from a mortgage advisory company, despite not having given the contractor prior consent to transfer their data to such company. The Ministry of Construction and Housing commented on this issue that "if necessary, we will sharpen the guidelines’’
The Privacy Protection Act regulates the use of personal information databases and providing this information to third parties without the individual's consent is illegal.
June 1, 2016
4 Things to Know About the Sharing Economy
It is possible to believe the innovations of the Sharing Economy are due to a collective and empowering business model that places the emphasis on the individual and that this is a revolutionary outgrowth of information accessibility. However, one would be dismissing the very economic fundamentals that are the foundation for future growth and prosperity of the larger global economy. There are four important things to know about the Sharing Economy.
May 31, 2016
Tel Aviv University MBA Hackathon
Adv. Yuval Lazi and Adv. Itay Gura attended at the Tel Aviv University to lecture to participants in the Tel Aviv University’s MBA Programs in Innovation and Entrepreneurship on some of the legal and commercial aspects of starting a business. The participants took part in a Hackathon on 30th May.
May 31, 2016
TAU Innovation Conference 2016
Barnea invites you to the TAU Innovation Conference 2016. The conference is the largest international innovation conference in the Middle East, with over 6,000 attendees from across the world. This includes entrepreneurs, industry leaders, diplomats, investors, and highly respected keynote speakers at educational and networking events. As Barnea is a participant in the event, our clients enjoy a 35% discount (Password: TAUBarnea2016)
As part of the event, Micky Barnea will participate in the IPO and exits panel, Yuval Lazi will participate in the fundraising panel and Yuval Lazi and Ariella Dreyfuss will be judges at the Tel Aviv StartUp Challenge competition.
May 30, 2016
Israeli Securities Authority: Binary Options are Un-Licensable
In the last year, the Israeli Securities Authority (ISA) has been reviewing license applications submitted for obtaining an online own-account financial trading license. As part of this licensing process, the ISA is intermittently issuing press releases clarifying various issues relating to the scope of the licensing legislation.
May 29, 2016
Barnea & Co. Represents Hanan Mor Group
Barnea represents Hanan Mor Group, a public traded company, and other companies of the Hanan Mor Group, in a lawsuit filed against them by the contractor relating to a number of real-estate projects. The contractor claimed damages and requested an order to prevent the forfeiture of bank guarantees. The court rejected the contractor 's request. The court also accepted in full the arguments raised by Barnea and criticized the conduct of the other party, pointing out that the version of the other side "raises questions". The court awarded Hanan Mor Group fees and costs in the amount of NIS 12,000.The Hanan Mor Group is represented by Adv. Zohar Lande, Adv. Itay Wigoda and Adv. Shachar Parnes from the Litigation Department at Barnea
May 24, 2016
Top 10 Mistakes Founders Make
Engaging in any business startup can be risky, and even more so when you are attempting to initiate a startup in the technology sector. Available risks cross both B2C and B2B vectors, and while the risk percentage can fluctuate between said vectors, it clearly illustrates the wide array of risks present for your technology startup. When these risks are combined with potential missteps by the founders of the technology startup, a perfect storm can be created that only terminates with the complete failure of the endeavor.
May 19, 2016
Minister Haim Katz questioned over insider trading allegations
Following the suspicions that Likud minister, Haim Katz, used insider information for financial gain, Dr. Zvi Gabbay was interviewed by Reshet B Radio station, at London Kirshenbaum, a current affairs news show on Israeli Channel 10, and by Globes.
May 18, 2016
Tel Aviv University nabs $50m donation
Simon Jaffa Adv. and Ariella Dreyfuss Adv. represented The Jeremy Coller Foundation in its donation of up to USD 50 million to the Tel Aviv University for its School of Management.
May 17, 2016
Micky Barnea will lecture on investment agreements
Micky Barnea will deliver a lecture to entrepreneurs tonight at TRI/O (Tech Entrepreneurship Hub) at Kfar Quasim, on investment agreements. TRI/O is a collaboration of three entities: Tsofen, an Arab-Jewish organization promoting the integration of Israel’s Arab citizens into the hi-tech industry, MIT Enterprise Forum and MEPI - Middle East Partnership Initiative , a USA fund that offers assistance, training, and support to groups and individuals striving to create positive change in Israeli society.
May 17, 2016
Tax treaty between Israel and Germany
On 21 August 2014 a new tax treaty between Israel and Germany was signed. The new treaty, which is based mainly on the model tax treaty of the OECD, introduces a number of favorable amendments (for the taxpayer) and improvements.
May 16, 2016
K.I.S.S
Entrepreneurs, you are creative and innovative, but when raising financing it is ok to follow the norm. There is no need to try and reinvent the wheel. Standard also works. I would even argue that from an investment perspective it is superior.
May 11, 2016
China-Israel Relations: What You Need to Know
China has a long-held reputation in the international community for being closed off from outsiders — a reputation that it cultivated for thousands of years. In recent decades, however, this past custom has rapidly been changing and China has become a world leader in manufacturing and production, leveraging a large population and an immense technological skill base. Today China is pushing for more growth, looking to drive innovation to launch its economy into the future. This has led to a trend of opening up to the world, and in keeping with that trend, China has begun to reach out to Israel.
May 10, 2016
Google Campus Startup School: Legal
Yuval Lazi will lecture (May 16, from 6:00 PM to 9:00 PM) at the Google Campus Startup School for entrepreneurs on 10 Annoying Legal Mistakes of Early Stage Start Ups as well as the advantages of Founders' Agreements.
Google Campus is part of a global network including Campus Tel Aviv and Campus London.
May 8, 2016
Things you need to know about stock options
How options are being used as a tool to address start-ups’ challenges in recruiting, incentivizing, and retaining quality employees.
We recently published an article on the IDC Legal Clinic for Start-ups website, reviewing the basic concepts of stock options, the process of adopting a stock option plan, and the various routes available for companies to implement it.
May 3, 2016
5 Myths About Renewable Energy
Sources of renewable energy include, among others, wind energy, solar energy, and hydroelectric energy. With different groups fighting to maintain or increase their relevance on the world energy stage, many myths about these energy sources pervade our understanding of how, and how well, they work. Five myths in particular emerge consistently, and should be overcome for you to better understand how the world is powered.
May 3, 2016
Barnea & Co. represented Azrieli Group
Barnea represented Azrieli Group in its acquisition of the eCommerce platform and activities of Buy 2 Networks Inc., a public company traded on the TASE. The acquired platform and activities provide an eCommerce platform for consumers to purchase a wide range of products.
The acquisition price is NIS 70 million. Azrieli was represented by Micky Barnea.
May 2, 2016
Securities and Exchange Commission's Staff Position - Trading Fraud - Has the Ship Sailed?
An article by Adv. Zvi Gabbay that critiques the Israeli SEC's staff position paper it issued and which details actions which may be considered as "Trading Fraud".
A short comparative review which was mentioned in the article indicates that the Israeli SEC’s staff position paper is problematic, hence it does not provide clear guidelines to the players involved in trading.
Similar positions issued in other countries lean towards providing guiding principles, as opposed to a detailed specific list of actions, as indicating fraudulent trading.
April 26, 2016
The initiative to limit executive salaries could drive away Israeli high-tech companies
The high-tech sector is concerned about the impending passing of legislation which would effectively further restrict the salaries payable to executives in the financial sector. The concern is that this legislation could be extended to apply all types of listed companies , including Israeli high-tech companies listed on venture capital markets abroad. Micky Barnea, as an experienced lawyer in the high-tech field, was interviewed by TheMarker
April 25, 2016
Barnea & Co. represented East and West Stores Ltd
Barnea represented East and West Stores Ltd, a leading importer of foods into Israel from the Far East, in a dispute concerning the use of the trade name "East and West" and its trademarks.
Following an appeal to the Supreme Court filed by our litigation department, the ruling made against the Company by the District Court ,which prohibited the Company from using the trade name "East and West" in some markets, was reversed (our firm was not involved in the District Court action).
The Supreme Court also reversed the contempt of court ruling issued against the Company.
East and West Stores Ltd. was represented by Adv. Zohar Lande and Adv. Itai Wigoda. Adv. Ilan Blumenfeld assisted on the commercial aspects.